10 Best Industrial Stocks to Invest in Now

6. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 55

FedEx Corporation (NYSE:FDX) is an integrated freight & logistics company that provides transportation, e-commerce, and business services. The company’s core business has been under pressure post-pandemic, with revenues dropping 7% from $93.5 billion in 2022 to about $87 billion in 2023. The decline can be attributed to, among other things, decreased e-commerce activity post-pandemic, inflationary pressures, and weakening international shipping.

Nevertheless, the industrial company’s long-term prospects remain solid as inflationary pressures have subsided significantly with the cutting of interest rates. It is one of the best industrial stocks to invest in now as it is well-positioned to benefit as e-commerce expands and the need for package delivery increases. FedEx Corporation (NYSE:FDX) has also moved to strengthen its growth metrics with plans to divest its freight division. The spinoff should allow the company to focus on its core package delivery business.

Grand View Research projects that until the end of the decade, the global courier, express, and parcel markets will expand at a compound annual growth rate of 10.6%. Regardless of what occurs in the short term, a dominant position in the market indicates FedEx Corporation (NYSE:FDX) has much more growth ahead of it.