BuildingBenjamins is a free stock picking and market commentary investment newsletter. Building Benjamins is the DBA (doing businesses as) publishing entity for Tradition Investment Management, LLC, a registered investment adviser. Benjamin Halliburton, our founder, also founded Tradition Capital Management in 2000 and was named “PSN Manager of the Decade” for All-Cap in the 2000s and “PSN Manager of the Decade” for Dividend Value in the 2010s. Since starting his investment career at Merrill Lynch in 1986, ...

Associate Professor in Finance and Corporate Governance at Brunel University London. I am also a CFA charterholder. In addition, I hold a PhD in Finance from University of Durham, U.K. I have more than 5 years of investing experience in the Indian and US equities with a medium to long-term horizon. I also actively research on Behavioural Finance, Corporate Governance, Activist Hedge Funds and M&A and have published in top-ranked peer-reviewed journals. I also currently produce and host a weekly investing po ...

On Sept. 19, 2024, FedEx Corporation (FDX) posted disastrous first-quarter fiscal 2025 (ended Aug 31, 2024) results, reporting lower-than-expected earnings per share and revenues. The transportation heavyweight also lowered its fiscal 2025 earnings per share outlook, highlighting the weak demand scenario.Brief Recap of FDX’s Q1 Performance & FY25 ViewQuarterly earnings per share (excluding 39 cents from non-recurring items) of $3.60 missed the Zacks Consensus Estimate of $4.82 and declined 20.8% year over y ...

FedEx TodayFDXFedEx$267.20 +8.41 (+3.25%) 52-Week Range$224.69▼$313.84Dividend Yield2.07%P/E Ratio15.51Price Target$314.74Add to WatchlistDespite rallying for the entire week leading up to last Thursday’s earnings report, shares of FedEx Corporation NYSE: FDX delivered a major disappointment. The 15% they’ve shed from their pre-earnings high should tell its own story, as it was one of the worst days in the stock’s recent history. FedEx missed analyst expectations for both headline numbers, which is never go ...

Sundry Photography Last Thursday night, September 19, ’24, FedEx reported their fiscal Q1 ’25 earnings release, and needless to say, they missed on just about every major metric and lowered guidance as well. Here’s how the results compared to ...

Economic Overview - The Federal Reserve has recently cut interest rates by 50 basis points, with expectations for more cuts in the future, creating a potential economic tailwind [4][5] - However, the lingering effects of a historically aggressive rate-hiking campaign continue to exert economic tightness, which may take months to alleviate [2][3] Company Performance - FedEx reported disappointing earnings, missing quarterly expectations and issuing cautious guidance, indicating a challenging business environment [4][5] - The CEO of FedEx noted that there is no expectation for a significant recovery in the industrial environment for the remainder of the calendar year, highlighting the weakness in the current economic conditions [4] Market Reactions - Following the Fed's rate cut, long-term bond yields unexpectedly rose, contrary to the typical expectation of falling yields in response to rate cuts [5][6] - This rise in yields suggests that Wall Street may be disappointed with the Fed's future outlook, indicating concerns about the central bank's ability to prevent further economic pain [6][7] Economic Indicators - Recent labor market data shows resilience, with jobless claims falling to 219,000, lower than economists' expectations [8] - Retail sales also increased in August, suggesting that consumers are still willing to spend despite previous inflation and higher interest rates [8] Diverging Economic Experiences - There is a growing divide in economic experiences, with a significant portion of Americans feeling they are in a recession while wealthier individuals benefit from rising asset values [10][11] - Surveys indicate that 66.2% of Americans feel they are living paycheck to paycheck, highlighting the struggles of lower-income groups [11] Stock Market Dynamics - The S&P 500 has seen a 52% increase over the last two years, but many companies serving lower-income consumers have experienced significant declines in stock value [12] - Examples include Dollar General down 63% and PayPal down 16%, indicating a potential "tale of two markets" where different segments of the market perform variably [12][13] Investment Outlook - Both bullish and bearish perspectives are valid in the current market, suggesting a complex investment landscape where different sectors may perform differently [18] - The need for investors to focus on specific stocks rather than broad market indices is emphasized, as individual stock performance can vary widely [15][18]

FedEx has helped kick off the Q3 earnings season, with its report reflecting one of the earlier that we still count in the overall Q3 tally. We still have a few weeks until the big banks unveil their quarterly results, really ushering in the period in a big way.The reaction to the FedEx (FDX) report was notably negative, with the results spooking investors. Let’s take a closer look at the release and compare the company’s current standing to a prominent peer, United Parcel Service (UPS) .FedEx Quarterly Res ...

Shares of FedEx Co. NYSE: FDX have recently sold off by as much as 18% from their recent highs to trade at a much lower 81% of their 52-week high. As Wall Street defines a bear market as a 20% or more selloff from recent highs, FedEx is now in an official bear market, causing most to stay away from the company and others to watch it all the more.As this stock is part of the broader transportation sector, some are anxious about the selloff implications for the consumer discretionary sector since FedEx takes ...

The FedEx (FDX) disappointment likely has some company-specific aspects, but it is reasonable to see this report as providing a read-through for the broader economy that has shown signs of moderation lately. In fact, these signs of macroeconomic softness prompted the U.S. Fed to come out with a bigger interest rate than many in the market expected just a few weeks ago.FedEx missed on the top- and bottom-lines and guided lower, with several analysts covering the stock skeptical of the company’s ability to me ...

Key TakeawaysThe S&P 500 slipped 0.2% on Friday, Sept. 20, receding from the record high it printed after this week's interest-rate cut by the Federal Reserve.FedEx shares dropped after the package delivery giant missed quarterly estimates and reduced its full-year guidance, citing soft demand.Constellation Energy said it will restart operations at a shuttered nuclear plant to provide clean energy for Microsoft data centers, and shares of the utility soared. Major U.S. equities indexes were mixed on the fin ...