Market Overview

Avondale On Transportation: FedEx, Canadian Pacific, Marten Named Top Picks

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Donald Broughton, Avondale's Chief Market Strategist, gave a few of his Best Ideas for 2016, highlighting companies in the transportation industry.

Air Freight and Parcel: FedEx Corporation (NYSE: FDX)

FedEx is down 14.06 percent year-to-date and has shown further weakness in December, falling 9.05 percent this month. However, according to FedEx CEO Mike Glenn, the company has showed strength this holiday season: "We've experienced record-breaking demand during this peak season, largely driven by the rapid growth of e-commerce. Our busiest days during peak have exceeded our forecast and more than double our average daily volume."

Railroads: Canadian Pacific Railway Limited (NYSE: CP)

Canadian Pacific Railway is down 33.29 percent year-to-date and has fallen over 13 percent this month.

Trucking: Marten Transport Ltd. (NASDAQ: MRTN)

Marten Transport is down 18.53 percent this year and has fallen 3.26 percent in the month of December.

Latest Ratings for FDX

DateFirmActionFromTo
Jun 2020Morgan StanleyMaintainsEqual-Weight
May 2020Deutsche BankMaintainsHold
Apr 2020BarclaysDowngradesOverweightEqual-Weight

View More Analyst Ratings for FDX
View the Latest Analyst Ratings

 

Related Articles (CP + FDX)

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Posted-In: Avondale Donald BroughtonAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
FATNoble Capital MarketsInitiates Coverage On
ZNGACowen & Co.Maintains10.5
RTXCowen & Co.Maintains71.0
ZNGAPiper SandlerMaintains11.0
WPiper SandlerMaintains225.0
View the Latest Analytics Ratings
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