Fedex
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Steven Schultz from Momentum 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."
"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."
