Air Freight/Couriers Industry Stocks($FDX, $EXPD, $CHRW...): A 3.32% Average Gain in the Last Month
The Air Freight/Couriers industry has been a cornerstone in the realm of air transportation and recurring delivery services. With the rise of e-commerce and online retail, there's been a surge in demand for services like same-day deliveries, scheduled delivery, and logistical services. This growth in demand has not only opened up new opportunities but has also intensified competition. Leading the charge in this industry are stalwarts like United Parcel Service, Inc., FedEx Corporation, and Expeditors International of Washington, Inc.
Tickers in Industry - $FDX, $EXPD, $CHRW, $UPS, $JBHT, $LSTR, $HUBG, $FWRD, $RLGT, $CYRX ,$ZTO, $GXO, $AIRTP, $SFWL
Swing Trader: High Volatility Stocks for Active Trading (TA&FA)
Key Players Diving deeper into the industry, some of the standout companies include:
- United Parcel Service (NYSE:UPS)
- FedEx Corp (NYSE:FDX)
- C.H. Robinson Worldwide (NASDAQ:CHRW)
Market Capitalization A glance at the market capitalization reveals an average of 22.1B across the industry. UPS stands tall with the highest valuation at 137.5B, while at the other end of the spectrum, AIRTP is valued at 0.
Price Movement Highlights Price growth is an essential metric for investors. Here's a snapshot of the recent trends:
- Weekly Average Growth: 1.41%
- Monthly Average Growth: 5.59%
- Quarterly Average Growth: -1.7%
Specific instances worth noting:
- SFWL led the pack with a remarkable price growth of 41.25%.
- ZTO, on the other hand, saw the most significant drop at -5.65%.
Noteworthy Price Movements:
- J.B. Hunt Transport Services (JBHT, $192.7) faced a decline of -5.27% in a week.
- Expeditors International of Washington (EXPD, $117.37) also recorded a weekly drop of -5.67%.
- ZTO Express (Cayman) (ZTO, $26.7) emerged as a weekly gainer, registering a +6.8% jump.
Volume Insights Trading volume can provide a window into stock activity and interest:
- Weekly Average Volume Growth: 20.62%
- Monthly Average Volume Growth: A staggering 1101.44%
- Quarterly Average Volume Growth: 18.68%
Volume Highlights:
- Radiant Logistics witnessed a record-breaking daily growth of 201% of the 65-Day Volume Moving Average.
- Forward Air stock saw impressive consecutive days of volume growth, with a peak growth of 492% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings For investors who lean on fundamental analysis, the average ratings for the key companies are as follows:
- United Parcel Service (NYSE:UPS)
- FedEx Corp (NYSE:FDX)
- C.H. Robinson Worldwide (NASDAQ:CHRW)
(Note: Specific ratings are not provided in the given data.)
The Air Freight/Couriers industry stocks have showcased a promising average gain of 3.32% over the past month. With the industry playing a pivotal role in the e-commerce boom, it remains an area of interest for investors and market enthusiasts.
FDX : As of September 08, 2023, FedEx (FDX) has recorded a -1.13% decline, marking its third consecutive day of losses. Historically, such a three-day downward trajectory for FDX often signals a bearish trend. Analyzing past patterns, in 208 out of 305 instances where FDX faced a three-day dip, the stock experienced further declines in the subsequent month. This suggests a 68% likelihood of the downtrend persisting. Investors are advised to monitor FDX closely in the coming weeks.
EXPD : On August 29, 2023, the Aroon Indicator for EXPD showcased a bearish trend. Tickeron's A.I.dvisor detected a scenario where the AroonDown red line surpassed 70, while the AroonUp green line remained below 30 for three consecutive days. Such a pattern often suggests a significant downward shift for the stock. Given this, traders might contemplate offloading the stock or exploring put options. Historical analysis of 138 similar Aroon patterns revealed that in 76 instances, the stock declined further, translating to a 55% probability of a continued downtrend for EXPD.
JBHT : On August 29, 2023, JBHT's 10-day Moving Average dipped below its 50-day counterpart, signaling a potential bearish turn. Such a crossover often suggests a downward momentum, prompting investors to reconsider their positions. Historical data reveals that in 10 out of 14 previous occurrences of this pattern, the stock trended lower in the subsequent month. This translates to a 71% likelihood of JBHT continuing its downward trajectory. Investors should tread cautiously.
