No. 4: FedEx
Q2 Return: Flat
YTD Return: +10%
Investor: Paul R. La Monica
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.