The rumored upcoming announcements of Apple’s mini iPad and iPhone 5, and the Samsung tablet launch will also help boost FedEx’s results, Kauffman predicted.
“We have a lot of technology product that will need to be shipped this fall that wasn’t shipped last year,” he said. “So in the case of FedEx, I actually think that this is a buying opportunity on what we knew was already weak numbers.”
Still, one area in which Kauffman is not predicting stronger growth is FedEx’s overnight express service. That division has not grown since 2000. On Tuesday, the company said the majority of its shortfall was in its express division, as consumers continued to migrate from overnight air options to slower, less expensive options.
“The way people ship product has changed over the last decade, and FedEx is finally catching up to that reality,” he said.
—By CNBC.com’s Katie Little; Follow Her on Twitter@katie_little
Additional News: FedEx Cuts Earnings Outlook
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Jeff Kauffman does not own shares of FedEx.