Is FedEx a Good Defensive Play?
T = Trends Might Support the Industry
There are two big question marks for the industry at the moment. Which direction is fuel headed? Is the economic recovery real or non-existent without Fed assistance?
FedEx has been a long-term winner, but there are many headwinds at the moment. One of the biggest concerns isn’t company-specific. As the stock market continues its ascent, the dangers of a steep correction increase. And FedEx is not a good defensive play. If the stock market continues to rise and this proves to be a true recovery, then FedEx is a bargain here.
All factors considered, FedEx is a WAIT AND SEE.
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