Market Analysis
WATCH: Stock pick — FedEx
Steven Schultz from Momentum talks to Business Day TV about his stock pick of the day
25 May 2021 - 09:10
Steven Schultz from Momentum (https://youtu.be/mivrKjUj7LM) chose FedEx as his stock pick of the day.
“My stock pick is FedEx, it’s a well-known household brand, increasingly so post Covid and they are one of the largest global logistics companies. It has had a very difficult time since 2016 through to early 2020, effectively loosing around 50% of its price off the back of the acquisition of TNT express. It was a difficult acquisition to digest and some of the benefits owed to shareholders weren’t forthcoming. It has great growth prospect and margins are already starting to drift up.”..
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