Stock price when the opinion was issued
He sold it at $295 recently. Loves the company, but earnings revisions came down. He bought at $262. He may re-buy it if the price and valuation are right. FedEx is a dominant player and the management team proves they can execute. The founder family still owns a lot of shares, and such families don't make crazy decision to preserve their stake. Also, cost savings and a huge share buyback are plusses. Also, they have fewer unionized employees than UPS.
(A Top Pick July 7/17 Up 19%) This captures the themes of global economic growth and e-commerce. This continues to grow with these secular trends. He thinks it may be getting close to the business cycle peak as it is linked to consumer spending.