FedEx: Immediate Amazon Threat Overstated
FedEx gets hit by Amazon fears every couple of years. The online retail giant isn't even a 3% revenue customer. Analyst estimates shouldn't take a hit from the expected growth of Amazon Air. The stock is too cheap trading at about 10.4x FY20 EPS estimates. The time to buy FedEx Corporation ( FDX ) is when the market gets anxiety over Amazon ( AMZN ) expanding into the package delivery space. While the large online retailer is always a threat, FedEx should continue riding the delivery economy higher. Read the full article on Seeking Alpha.