Reported 2 days ago
FedEx Corporation (FDX) has been identified as one of the best stocks to buy according to the Bill & Melinda Gates Foundation Trust. The foundation, which plays a major role in humanitarian efforts and is supported by significant investments from Bill Gates, has a concentrated portfolio that includes FedEx. Despite recent earnings falling short of expectations and a lowered earnings guidance due to economic challenges, FedEx remains a popular pick among hedge funds, holding a stake of $712.9 million from the Gates Trust. Analysts continue to view it favorably, while also highlighting potential AI investments with possibly greater returns.
Source: YAHOO