FedEx Corporation (FDX)

Shares of shipping giant FedEx Corporation (NYSE:FDX) are lower this afternoon, last seen down 1.1% at $263.40.

Wall Street delivered a downbeat show last week with the S&P 500 and Nasdaq logging worst weeks since March due to rising rate worries.

Labor and industry and flexing their muscles right now in what is being called a worker's market. Autoworkers are on strike.

Parcel delivery giant FedEx is IBD Stock Of The Day: FedEx stock rose near buy point while flashing this bullish technical indicator.

FedEx stock (NYSE: FDX) currently trades at $262 per share, 8% below the level seen in March 2021, and it has little room for growth, in our view.

Wall Street's focus on FedEx has been trained on cost cutting, and as we profiled here in the immediate wake of earnings, investors have cheered the efforts, pushing the shares higher.

We see the seemingly hawkish Fed posture as nothing more than an insurance policy that will come in handy should the recent favorable momentum on the inflation front start stalling.

Transportation stocks like FedEx (FDX), Expeditors (EXPD) and Delta (DAL) are well-served by their dividend-paying capacity.

Here are some of the tickers on my radar for Friday, Sept. 22, taken directly from my reporter's notebook.

FedEx (FDX) shares close over 4.5% higher after reporting a first-quarter earnings beat and boosting its guidance. Amazon (AMZN), on the other hand, closes in the red amid heightened speculation on wh...