Why FedEx Stock Soared This Week

A rotation out of tech names and into industrials has shares of (NYSE: FDX) flying this week. As of midday Friday, the stock of the transportation services company surged 13.3%, according to data from S&P Global Market Intelligence.

FedEx shares have now jumped by more than 26% so far this year. That's about double the return of the Dow Jones Transportation Index year to date.

Image source: Getty Images.

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Source Fool.com