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FedEx Presents Opportunity After Sell Off
Seeking Alpha· 2024-09-30 04:11
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, ...
FedEx: Only If DRIVE Could Revive Demand
Seeking Alpha· 2024-09-28 13:51
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 ...
FDX Down 12% Since Q1 Earnings Miss: Should You Buy the Stock Now?
ZACKS· 2024-09-26 15:40
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 Stock Dips: Why Analysts See a Quick Rebound Coming
MarketBeat· 2024-09-25 11:31
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 ...
FedEx Earnings Summary: Disappointing Quarter, But Staying With The Stock
Seeking Alpha· 2024-09-24 17:32
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 ...
The Battle for Bull/Bear Supremacy
Investor Place· 2024-09-24 00:05
Will interest rate loosening trump prior tightening? … the bull and bear case … headlines from 2000 and 2007 … Eric Fry’s Great 2024 Sell-Off tomorrow nightBeware bulls predicting nothing but bullishness…Similarly, beware bears spewing nothing but bearishness…The reality is we’re in a complicated market with abundant crosswinds.Given this, I suggest that you should listen to…The Ursitorox.I stumbled upon the Ursitorox online. It’s a mythical combination of bull and bear, and may God have mercy on my soul fo ...
What's Going On With FedEx Shares?
ZACKS· 2024-09-23 23:47
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 ...
FedEx Stock Slowdown Signals Potential Dip Opportunity
MarketBeat· 2024-09-23 13:53
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 ...
Q3 Earnings Loom: What Can Investors Expect?
ZACKS· 2024-09-20 22:31
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 ...
S&P 500 Gains and Losses Today: FedEx Stock Plunges as Earnings Fail To Deliver
Investopedia· 2024-09-20 21:05
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 ...