{"id":1647,"date":"2013-05-07T21:20:37","date_gmt":"2013-05-07T21:20:37","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=1647"},"modified":"2013-05-14T16:40:39","modified_gmt":"2013-05-14T16:40:39","slug":"5-7-13-federal-express-chart","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=1647","title":{"rendered":"5.7.13: Federal Express Chart"},"content":{"rendered":"<figure id=\"attachment_1648\" aria-describedby=\"caption-attachment-1648\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/FedEx5713.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1648\" alt=\"Click to enlarge \" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/FedEx5713-300x150.png\" width=\"300\" height=\"150\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/FedEx5713-300x150.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/FedEx5713-1024x513.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/FedEx5713.png 1917w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-1648\" class=\"wp-caption-text\">Click to enlarge<\/dd>\n<dd class=\"wp-caption-dd\"><\/figcaption><\/figure>\n<p>FedEx Corporation (FDX) has rallied back to its 50-day moving average on a decent pop in volume, after the transport giant disappointed on guidance in its March earnings call.<\/p>\n<p>We added to FDX in the low $90&#8217;s and are thinking about buying more if the stock should re-test the 200 day moving average just under $95.<\/p>\n<p>With Japan recovering, and Europe now thought to be somewhat stable, FDX is a play on the global return of growth, which still seems like a long way away, but by the time we see it, that growth is already in the international large-cap industrial names like FDX.<\/p>\n<p>Transports broke out to an all-time high on Monday, with the SP 500 action, so the tailwinds are starting to line-up for FDX.<\/p>\n<p>Current consensus EPS estimates of $6 for fiscal 2013 and $7.50 for 2014 mean FDX is trading 16(x) and 13(x) forward estimates for 25% expected growth in 2014, which could still be a pipe dream, given that FDX\u00a0is telling investors that clients are trading down to lower-cost freight\u00a0options, particularly in the international market.<\/p>\n<p>FDX is still up 8.5% year-to-date in 2013, despite cautious comments and guidance in the March earnings call.<\/p>\n<p>It is tough finding oversold stocks on this market, with the SP 500 making new all-time highs each day, but keep an eye on FDX. FDX&#8217;s all-time high print was $120 in June, 2006.<\/p>\n<p>A return of decent global growth, should see the stock take out that key level.<\/p>\n<p>(long FDX)<\/p>\n<p>Trinity Asset Management, Inc. by:<\/p>\n<p>Brian Gilmartin, CFA<\/p>\n<p>Portfolio manager<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FedEx Corporation (FDX) has rallied back to its 50-day moving average on a decent pop in volume, after the transport&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,1],"tags":[],"class_list":["post-1647","post","type-post","status-publish","format-standard","hentry","category-fdx","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1647"}],"version-history":[{"count":7,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1647\/revisions"}],"predecessor-version":[{"id":1698,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1647\/revisions\/1698"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}