FedEx is a 'no-brainer' buy if it sells off on earnings, investor says

The delivery company has slumped nearly 40% from a 52-week high set last September, almost double the 20% decline that delineates a bear market from a correction. It has also held flat for the year, tracking for its smallest annual move ever.

"Longer term, you're off 38% from your highs, the barriers to entry are so hard to penetrate on FedEx and at the current valuation, it's a no brainer," Petrides told CNBC's "FedEx has missed analysts' estimates twice in the past three quarters, which kicked off an average 7% decline in the stock. Those losses have pushed the company's forward price-to-earnings ratio below 10, a cheap valuation compared with the S&P 500's 17 times multiple.

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TradingNation If it is a 'no-brainer' to buy, what does that mean about the brains of the sellers?

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FedEx is a 'bottom-fishing' stock heading into earnings, technical analyst saysFedEx heads into earnings this week well off its highs, but one technical analyst says the worst could be over for the delivery company. TradingNation The state has entered into the political history of being a country but it is not possible to say that the state can survive and that the state is always charged with the drction of the crisis and the crisis will come espcially pltical prowess so if the stte probe cn stil be plyd
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