Momentum Stocks to Buy: FedEx (FDX)
FedEx Corporation (NYSE:FDX) has been an over achieving underdog since its beginnings. While at Yale in the late 1960s, FDX founder Fred Smith wrote a paper discussing the need for a disruptive idea in the logistics of shipping packages. His professor gave him a “C.”
Undeterred, Smith started FedEx in 1971. And after a bumpy start, it’s now one of the largest airline fleets in the world and continues to be one of U.S. Postal Service’s top partners.
Nowadays there’s the swirl of the next disruption in the logistics world as Amazon.com, Inc. (NASDAQ: AMZN) is building its own fleet of planes and trucks, as well as Uber moving into the same-day delivery market.
But FDX knows how to compete as well as how to build win-win partnerships with competitors. Up 17% this year so far, FDX won’t be troubled by encroaching competitors for a long time to come. And with e-commerce surging, this is a great time to buy a great company.