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But today, I’ve done just that.
I’ve been bargain hunting in the shipping sector — which is currently trading at a discount to the S&P 500.
Specifically, the S&P 500 trades at 20x 2022 earnings.
But shipping companies like XPO Logistics (NYSE: XPO) and United Parcel Service (NYSE: UPS) trade at just 17x 2022 earnings — a much lower rate.
Over the last 52 weeks, the S&P 500 has gained 33.99%, XPO has gained 40.79% and UPS has gained 24.18%.
But nothing on the market right now compares to the value that’s available to you from FedEx Corp. (NYSE: FDX).
As you read this, FDX trades at 11x earnings, around half as expensive as the S&P, relative to earnings. Not only that, but the stock is also down 8% thus far in 2021, enhancing its value even further.
To me, this makes FDX one of the cheapest stocks on the market right now.
NOTE: This morning, War Room members used this thesis to hit a winning trade on FDX. Are you ready to join us? If so, click the invitation below to see what being inside The War Room can do for you.
Head Trade Tactician, Monument Traders Alliance