No. 6: FedEx
Q3 Return: -8%
YTD Return: +1%
Investor: Paul R. La Monica
Just missing the top five is shipping giant FedEx (NYSE:FDX), picked by Paul R. La Monica, who writes CNNMoney’s daily “The Buzz” column.
La Monica liked FedEx off the bat because it is a fundamentally strong, low-risk stock. Unfortunately for FedEx and its advocate, that hasn’t been enough to offset the reality that the global economy is weak.
So weak that FedEx — a key global economic bellwether and the second-largest delivery company after UPS (NYSE:UPS) — lowered its Q1 earnings forecast last month. The result: a fall totaling 8% for the past three months, plus a drop of two spots for the contest.
With that in mind, the company should be pretty happy with its measly 1% gains for the year. And the latest sell-off could actually be a nice buying opportunity, for the long haul at least.
But that’s what all the losers seem to be saying.
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