>
  1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sydnee Gatewood
Sydnee Gatewood
Articles (3504) 

Parnassus Endeavor Fund Comments on FedEx

Guru stock highlight

January 27, 2021 | About:
Shares of transportation provider FedEx (NYSE:FDX) contributed 396 basis points to the Fund's performance, as its stock soared from our cost of $148.83 to $259.62, for a total return of 70.0%. Earnings in FedEx's ground shipping segment jumped as the pandemic-induced surge in e-commerce led to a sharp acceleration in parcel shipments. FedEx's air cargo profits were also boosted by the pandemic, as the reduction in passenger air travel sharply reduced overall cargo capacity, and profits surged as FedEx's planes filled, and pricing rose. We believe these pandemic-induced effects will last, as we expect more consumers to shift purchases online while global air cargo capacity should remain constrained for several years by reduced international travel.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Endeavor Fund (Trades, Portfolio) fourth-quarter 2020 commentary.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Sydnee Gatewood


User Generated Screeners


pjmason14Momentum
wigbertHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)