About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Market Overview - U.S. stock futures are stable as investors await a significant phone call between U.S. President Trump and Chinese President Xi Jinping, which may address trade issues and TikTok's U.S. operations [1][5] - Major U.S. indexes reached record highs, driven by optimism in the technology sector and expectations of further monetary policy easing from the Federal Reserve [1][3][6] Premarket Trading Activity - Dow Jones Industrial Average futures are around 46,496 points, showing a slight decrease of 0.04% or about 20 points [2] - S&P 500 and Nasdaq 100 futures are mostly flat to slightly positive, with both up 0.2% [2] - This muted premarket activity indicates a consolidation phase as markets digest recent gains [2] Current Performance of Major Market Indexes - On Thursday, the Dow Jones Industrial Average closed 0.27% higher at 46,142.42, S&P 500 rose 0.48% to 6,631.96, and Nasdaq Composite increased 0.94% to 22,470.72 [3] - The small-cap Russell 2000 surged 2.51% to 2,467.70, marking its first all-time high since November 2021, largely due to a rise in semiconductor stocks, particularly Intel [3] Economic Indicators - U.S. initial jobless claims fell by 33,000 to 231,000, outperforming expectations [4] - The Philadelphia Fed Manufacturing Index rose to +23.2 in September, the highest since January [4] Corporate Earnings Reports - MoneyHero Limited is expected to report a loss of 2 cents per share, with a premarket jump of 10.36% [7] - Other companies reporting include Cantaloupe, IperionX Limited ADR, and Insig AI, among others [7] Major Stock News - Intel shares, after a 22% surge, slipped 0.5% to $30.42 in premarket trading [8] - Nvidia confirmed a $5 billion investment in Intel, which has generated optimism about a strategic partnership [9] - FedEx stock advanced 2.5% in premarket trading after reinstating its full-year outlook and reporting better-than-expected earnings, despite anticipating a $1 billion hit from U.S. tariffs [10] - Lennar shares fell 3% after reporting lower third-quarter profit and revenue forecasts [11] - Apple shares rose 1% as new iPhone 17 models went on sale globally [12] - Oracle shares increased approximately 0.4% as it is reportedly part of a consortium to control TikTok's U.S. operations [12] International Developments - Adani Group stocks are in focus after SEBI dismissed allegations of stock manipulation [13] - Yes Bank completed a strategic acquisition of a 20% stake by Sumitomo Mitsui Banking Corporation [13] - JK Tyre & Industries anticipates double-digit growth due to rising automobile sales [13] - Vedanta emerged as the preferred bidder for a manganese block in Andhra Pradesh [13]

Core Viewpoint - FedEx stock is trending higher following positive quarterly results and a favorable sales outlook, despite facing significant pressure earlier in the year due to elevated operating costs [2] Valuation Comparison - FedEx's price-to-sales (P/S) ratio is 0.6 compared to 3.2 for the S&P 500, indicating it is undervalued relative to the broader market [6] - The price-to-free cash flow (P/FCF) ratio for FedEx is 15 versus 21.1 for the S&P 500, and the price-to-earnings (P/E) ratio is 14 compared to 24 for the benchmark [6] Revenue Growth - FedEx's revenues have declined at an average rate of 2.2% over the last three years, while the S&P 500 has seen an increase of 5.3% [6] - In the last 12 months, FedEx's revenues grew by 1% from $88 billion to $89.6 billion, compared to a 5.1% growth for the S&P 500 [6] - Quarterly revenues increased by 2.8% to $22 billion in the most recent quarter from $22 billion a year ago, while the S&P 500 experienced a 6.1% improvement [6] Profitability Analysis - FedEx's operating income over the last four quarters was $6.0 billion, resulting in an operating margin of 6.7%, significantly lower than the S&P 500's 18.6% [11] - The operating cash flow (OCF) for FedEx was $7.6 billion, yielding an OCF margin of 8.5% compared to 20.3% for the S&P 500 [11] - FedEx's net income was $4.1 billion, indicating a net income margin of 4.7%, again lower than the S&P 500's 12.6% [11] Financial Stability - FedEx's debt stood at $38 billion with a market capitalization of $54 billion, resulting in a debt-to-equity ratio of 67%, higher than the S&P 500's 20.9% [11] - Cash and cash equivalents amount to $6.2 billion out of $88 billion in total assets, leading to a cash-to-assets ratio of 7.0%, which is on par with the S&P 500 [11] Stock Performance During Downturns - FDX stock has underperformed compared to the S&P 500 during recent downturns, with a peak-to-trough decline of 54.7% from May 2021 to September 2022, compared to 25.4% for the S&P 500 [11] - The stock has not yet recovered to its pre-crisis high, with the highest price since then being $313.52 in July 2024, currently trading around $225 [11] Overall Assessment - FedEx's recent performance has been weak across key metrics, but its low valuation suggests that this is already reflected in the stock price [10] - The company is valued at 14 times trailing earnings, slightly below its five-year average of 15 times, with potential for growth as revenue increases and management focuses on margin improvement [10]

Core Viewpoint - BMO analyst Fadi Chamoun has downgraded UPS shares from Buy to Hold, indicating a more cautious outlook on the company's performance [1]. Summary by Category Analyst Rating Changes - The rating on UPS shares has been cut to Hold from Buy [1]. - The price target for UPS shares has been reduced from $125 to $96 [1].

Core Viewpoint - FedEx shares increased by over 5% in premarket trading following the announcement of stronger-than-expected profit and revenue for its fiscal first quarter [1] Company Summary - FedEx reported a fiscal first quarter that exceeded market expectations in terms of both profit and revenue [1]

格隆汇9月19日｜斯蒂费尔：将联邦快递(FDX.US)目标价从308美元下调至296美元。 ...

蒙特利尔银行：将联邦快递(FDX.US)目标价从260美元下调至255美元。 ...

Group 1 - Live Nation is facing a lawsuit regarding its ticket resale practices, which may impact its reputation and operational strategies [1] - FedEx has indicated that uncertainties in its business environment are beginning to clear, suggesting potential improvements in logistics and delivery services [1] - Netflix's new series 'KPop Demon Hunters' is positioned to compete with Disney's offerings, highlighting the ongoing rivalry in the streaming industry [1]

FedEx Corporation - FedEx reported a revenue increase of 2.8% year-over-year to $22.2 billion in FQ1, with EPS at $3.83, surpassing the consensus of $3.61 and last year's $3.60 [5] - The operating income for the quarter was $1.30 billion on an adjusted basis, exceeding the consensus of $1.22 billion, with an operating margin rate of 5.8%, up from 5.6% a year ago [5] - FedEx is advancing its planned spin-off of FedEx Freight into a new publicly traded company, expected to be completed by June 2026, with the new ticker symbol FDXF [6] - For FY26, FedEx anticipates revenue growth of 4% to 6% and EPS between $17.20 and $19.00, with a midpoint of $18.10, compared to the consensus of $18.36 [6] Cracker Barrel Old Country Store - Activist investor Sardar Biglari is targeting Cracker Barrel's CEO Julie Felss Masino in a proxy fight, urging shareholders to vote against her re-election [7] - Biglari criticized the company's recent rebranding efforts, labeling them as one of the worst brand blunders of the century, and stated he had previously warned against the rebranding [8] - Biglari currently holds a 2.9% stake in Cracker Barrel, owning 654,141 shares [8] Novo Nordisk - Novo Nordisk has laid off its U.S. sales team focused on obesity and diabetes education, part of a broader restructuring under new CEO Maziar Mike Doustdar [10] - The layoffs, affecting several hundred employees, are aimed at cutting costs and regaining competitive edge against Eli Lilly after losing market dominance and over $400 billion in market value since mid-2024 [11]

FedEx Corporation - FedEx reported a revenue increase of 2.8% year-over-year to $22.2 billion in FQ1, with EPS at $3.83, surpassing the consensus of $3.61 and last year's $3.60 [5] - The operating income for the quarter was $1.30 billion on an adjusted basis, exceeding the consensus of $1.22 billion, with an operating margin rate of 5.8%, up from 5.6% a year ago [5] - FedEx is advancing its planned spin-off of FedEx Freight into a new publicly traded company, expected to be completed by June 2026, with the new ticker symbol FDXF [6] - For FY26, FedEx anticipates revenue growth of 4% to 6% and EPS between $17.20 and $19.00, with a midpoint of $18.10, compared to the consensus of $18.36 [6] Cracker Barrel Old Country Store - Activist investor Sardar Biglari is targeting Cracker Barrel's CEO Julie Felss Masino in a proxy fight, urging shareholders to vote against her re-election [7] - Biglari criticized the company's recent rebranding efforts, labeling them as one of the worst brand blunders of the century, and stated he had warned against the rebranding in November 2024 [8] - Biglari currently holds a 2.9% stake in Cracker Barrel, owning 654,141 shares [8] Novo Nordisk - Novo Nordisk has laid off its U.S. sales team focused on obesity and diabetes education, part of a broader restructuring under new CEO Maziar Mike Doustdar [10] - The layoffs, affecting several hundred employees, are aimed at cutting costs and regaining competitive edge against Eli Lilly after losing market dominance and over $400 billion in market value since mid-2024 [11]