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Holly LaFon
Holly LaFon
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Jerome Dodson Comments on FedEx

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February 13, 2018 | About:

Transportation provider FedEx (NYSE:FDX) added 83 basis points to the Fund’s return, as the stock climbed 34.0% from $186.20 to $249.54. The company delivered solid earnings and benefited from growing demand for international air-freight and e-commerce shipments, as consumers globally are purchasing more imported goods online.

From Jerome Dodson (Trades, Portfolio)'s fourth-quarter 2017 Parnassus Fund shareholder letter.


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