Cowen's Helane Becker breaks down Fedex's valuation and her expectations for the shipping company

Helane Becker, Cowen managing director and senior research analyst, joins 'Power Lunch' to discuss whether she's worried the valuation of Fedex is stretched and what she expects to see from the company's business in regards to the holiday rush and vaccine shipping. I think demand is very strong and that demand is not going away, says Becker. People will continue ordering online as long as we're recovering from the pandemic. We think the company get get to $20 in earnings on an annual basis by fiscal 2022, she adds.