2 Top Shipping Stocks to Consider Buying Now -- and 1 to Avoid
Shipping companies have been trucking along nicely thanks in part to the continuing growth of e-commerce and home delivery. Investors can expect FedEx (NYSE: FDX) and XPO Logistics (NYSE: XPO) to show continued appreciation, while excitement about air cargo firm Atlas Air Worldwide (NASDAQ: AAWW) appears to have gotten ahead of what the company can deliver.
A FedEx truck preparing to head out on the open road. Image source: FedEx.
Long after the demise of e-Toys and other dot-bombs, survivors led by Amazon.com continue to grow in importance at FedEx and United Parcel Service (NYSE: UPS). Elsewhere transport and logistics giants including XPO, CH Robinson Worldwide (NASDAQ: CHRW), and JB Hunt Transport Services (NASDAQ: JBHT) have had success offering their traditional retail clients tools to better manage inventory for a dot-com world and handle home deliveries and installations.
Source: Fool.com
Xpo Logistics Inc. Stock
The stock is one of the favorites of our community with 39 Buy predictions and 2 Sell predictions.
With a target price of 125 € there is a positive potential of 28.89% for Xpo Logistics Inc. compared to the current price of 96.98 €.
