AMD hits multi-year highs on surprise Q2 profit >>> READ MORE

Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q2

See how our picks have panned out for the first half of the year

      View All  

No. 4: FedEx

FedEx FDXQ2 Return: Flat
YTD Return:
: Paul R. La Monica

Next comes Paul R. La Monica, who writes CNNMoney’s daily “The Buzz” column, and his pick: shipping giant FedEx (NYSE:FDX) — which he’s beating the S&P 500 with for now.

FedEx is a fundamentally strong, low-risk stock. And while it’s flat for the quarter after posting a poor forecast for the dog days of summer, FedEx stock still is going strong.

Last quarter wasn’t all bad, as adjusted earnings were up 14% and EPS of $1.99 beat analyst expectations. Competitor UPS (NYSE:UPS) also acquired European carrier TNT Express, but that could actually help FedEx by giving the entire industry a boost and letting the company raise prices.

FedEx might not be booming, but it’s putting in a solid effort with a slow-and-steady effort — just like Paul expected.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC