Quick Read – Bank of America added FedEx (FDX) stock to its “US 1 List” on May 11, recognizing the company’s DRIVE transformation program and margin gains as a high-conviction industrial play. – FedEx, Corning (GLW), and C.H.
Robinson (CHRW) joined the list together, suggesting that BofA sees freight and logistics volumes stabilizing as an early-cycle economic indicator. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and C.H
Robinson wasn’t one of them. Get them here FREE. Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas.
The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into the second half of the year. Notably, Bank of America also added two other names to its US 1 List on the same day: Corning (NYSE:GLW) and C.H.