The video below is part of The Motley Fool's "11 O'Clock Stock" series where we're recommending a new stock every weekday at 11 a.m. ET on Fool.com for 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of FedEx (NYSE: FDX), click here.

Fool co-founder and chief Rule Breaker David Gardner says that while FedEx might look expensive on traditional valuation measures, it should benefit from huge growth in the transportation of hard goods. Click on the video below to see David Gardner's thoughts on the subject, then read on below:

David Gardner sees FedEx as a Coke without a Pepsi. It's a great brand, an important company, has a great growth story ahead of it, and features a strong overseas strategy. While some might see FedEx as too richly priced, Gardner says he's made a career of picking stocks that looked expensive but grow into their valuation. So while FedEx might already be the goliath of global logistics and shipping, Gardner thinks it might be a double over the next five years.