Labor Relations - FedEx and its pilots are in a prolonged labor dispute, which is detrimental to both parties [1] Industry Impact - The ongoing labor limbo is negatively impacting the industry [1]

>> YOU LOOK AT THESE NUMBERS FROM FEDEX. AFTER CLOSING, THE FREIGHT POWERHOUSE REPORTED A STRONG QUARTER WITH HIGHER THAN EXPECTED REVENUES IN THE $0.70% EARNINGS BEAT OFF $4.12% BASIS. EVEN BETTER, MANAGEMENT RAISED THE LOW END OF THEIR FULL YEAR FORECAST FOR BOTH REVENUE AND EARNINGS.THIS COMPANY SPENT YEARS TRYING TO CUT COSTS AND OPTIMIZE ITS DELIVERY NETWORK. CLEARLY, THOSE EFFORTS ARE PAYING OFF, AND EVEN THOUGH THE FREIGHT DIVISION CAME IN A LITTLE WEAKER THAN EXPECTED, THAT BUSINESS HAS BEEN STRUGGL ...

Core Insights - U.S. stock futures are trading mixed, with several companies expected to report earnings that may attract investor attention [1] Company Summaries - **Accenture Plc (NYSE:ACN)**: Expected to report quarterly earnings of $3.75 per share on revenue of $18.52 billion. Shares gained 0.2% to $274.27 in after-hours trading [1] - **Micron Technology Inc. (NASDAQ:MU)**: Reported first-quarter revenue of $13.64 billion, exceeding analyst estimates of $12.83 billion. Adjusted earnings were $4.78 per share, surpassing estimates of $3.95 per share. Shares climbed 8% to $243.74 in after-hours trading [1] - **FedEx Corp. (NYSE:FDX)**: Analysts expect quarterly earnings of $4.10 per share on revenue of $22.79 billion, with earnings to be released after market close. Shares rose 0.4% to $283.21 in after-hours trading [1] - **MillerKnoll, Inc. (NASDAQ:MLKN)**: Posted better-than-expected earnings for the second quarter and provided a strong forecast for the current quarter. Shares surged 9.2% to $19.14 in after-hours trading [1] - **Nike Inc. (NYSE:NKE)**: Expected to report quarterly earnings of 38 cents per share on revenue of $12.22 billion after market close. Shares rose 0.3% to $65.88 in after-hours trading [1]

Looking into the current session, FedEx Inc. (NYSE:FDX) shares are trading at $274.50, after a 0.16% increase. Moreover, over the past month, the stock went up by 4.90%, but in the past year, fell by 1.65%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. Comparing FedEx P/E Against Its PeersThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, ...

Business Operations - FedEx plans to cut hundreds of jobs in Texas [1] - A third-party logistics customer moved its business to a new location and a different company [1]

Core Viewpoint - United Parcel Service Inc. (UPS) has experienced a short-term stock increase of 7.13% over the past month, but a significant long-term decline of 29.17% over the past year, prompting a review of its price-to-earnings (P/E) ratio by long-term shareholders [1] Group 1: Stock Performance - Current share price of UPS is $94.46, reflecting a 1.58% drop in the current market session [1] - The stock has increased by 7.13% in the last month but has decreased by 29.17% over the past year [1] Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for evaluating a company's market performance, comparing current share price to earnings per share (EPS) [5] - A lower P/E ratio for UPS compared to the Air Freight & Logistics industry average of 19.49 may suggest that the stock is undervalued, despite potential implications of underperformance [6] - A lower P/E can indicate undervaluation but may also reflect a lack of expected future growth from shareholders [10]

Accident Summary - A UPS cargo plane crashed shortly after takeoff from Louisville, Kentucky [1] - The crash resulted in an explosion [1] - Three crew members were killed in the accident [1] - At least four people on the ground also died [1]

Incident Summary - A UPS plane crashed in Louisville, resulting in multiple injuries and an ongoing fire [1] - All arriving and departing flights are suspended at the airport [1]

Company Information - NBC News provides breaking news, live video coverage, original journalism, and segments from NBC News Shows [1] - NBC News has a collection of innovative and powerful news brands [1] Digital Platforms - NBC News Digital includes NBCNewscom, MSNBCcom, TODAYcom, Nightly News, Meet the Press, Dateline, and their apps [1] - NBC News can be found on various platforms including its app, breaking news alerts, website, Facebook, Twitter, and Instagram [1] Topics Mentioned - The content mentions UPS, Louisville, and Kentucky [1]

Core Viewpoint - The Industrial Select Sector SPDR ETF (XLI) has reached a 52-week high and shows a significant increase of 39.2% from its 52-week low price of $112.75 per share, raising questions about its potential for further gains [1]. Group 1: ETF Overview - XLI tracks the Industrial Select Sector Index, which includes companies from various industries such as industrial conglomerates, aerospace & defense, machinery, air freight & logistics, road & rail, commercial services & supplies, electrical equipment, construction & engineering, building products, airlines, and trading companies & distributors [2]. - The ETF charges an annual fee of 8 basis points [2]. Group 2: Economic Factors - The Federal Reserve has cut interest rates by a quarter percentage point for the second consecutive meeting, bringing the benchmark rate down to a range of 3.75%–4.00% [3]. - This decision was made despite limited economic data due to a government shutdown, indicating the central bank's aim to support economic growth and strengthen the labor market [4]. - Optimism regarding easing U.S.–China trade tensions has positively influenced investor sentiment, which is beneficial for industrial ETFs like XLI [4]. Group 3: Future Outlook - XLI is expected to maintain its strong performance in the near term, supported by a positive weighted alpha of 16.97, suggesting potential for further rally [5].