Why FedEx Stock Hit the Gas in June

The logistics giant's fiscal fourth-quarter results provided hope to long-term investors.In late June, FedEx (FDX -0.33%) delivered a quarterly report that topped expectations, and management provided an upbeat outlook for the quarters to come.All of that was a relief to shareholders, as the company had previously endured a shipping slump. In response, investors sent FedEx shares up 18.1% for the month, according to data provided by S&P Global Market Intelligence.Rosier numbers than investors fearedFedEx an ...