FedEx Corp. (NYSE/FDX), which runs the worlds biggest cargo airline, is a company that economists and analysts often look to as a gauge of future business activity.
Last week, FedEx stock hit a two-year low. Yes, you can buy the stock of this excellently run company today for the same price it sold for in mid-2009. Why? FedEx reported last week that it would earn less this year than previously estimated, as FedEx saw its U.S. shipments fall for the second quarter in a row. The stock of United Parcel Service Inc. (NYSE/UPS), FedExs main competitor, is close to a two-year low as well.
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