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FedEx and UPS Blast to New 52-Week Highs -- But Should You Buy Now?

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FedEx and UPS Blast to New 52-Week Highs -- But Should You Buy Now?

FedEx (NYSE: FDX) crushed expectations when it reported record revenue for the first-quarter fiscal year 2021 (Q1FY21) -- sending shares of FedEx and United Parcel Service (NYSE: UPS) to new 52-week highs on Wednesday. The transportation industry continues to be one of the best-performing subcategories of the industrial sector, with UPS and FedEx leading the charge higher.

Let's break down FedEx's report to see if there's more room to run or if investors should take some profits here.

Image source: Getty Images.

Source Fool.com

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