FedEx says it expects record shipping volumes between Thanksgiving and Christmas this year estimating around 260 million packages, which is 12% more than 2010.
How should you trade it?
Lazard analyst Urs Dur upgraded the stock to Buy from Neutral and tells us, “it’s too late to get goods to the US by sea so air freight should pick up into the holidays.”
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CNBC.com with wires.