Fedex Stock News

FedEx (FDX) veteran, Richard W. Smith, is set to succeed Donald F. Colleran as the new CEO of Express division in September 2022.

A Preview Of The Crazy Week Ahead Here is just a sample of the events on deck this week: a Fed rate hike, a Russian default, a meeting between the US and China, even more sanctions against Russia, the first double-digit (10%) PPI print in decades, a big drop in retail sales, a freak surge in covid across China, oh and a $3.3 trillion notional option expiration on Friday and all happening with liquidity at record lows. Yes, this week will be insane. As DB''s Jim Reid summarizes what''s coming, it''s a big central bank week with the Fed the obvious focal point mid-week. The BoE and the BoJ also hold meetings, along with some of their emerging markets counterparts. We''ll also see CPI for Japan and Canada and a number of housing market statistics in the US and China. Earnings will include Volkswagen, FedEx and Enel, among others. Wednesday will also be a landmark day even outside of the Fed as this is the date that two Russian Eurobonds have coupon payments. These are small (c.$120bn out of c.$1.75bn of annual hard currency coupons) but will be hugely symbolic.

Futures Fade As Yields Soar, Oil Slides And China Stocks Crater US equity futures held on to modest gains overnight as the market desperately clung on to hope that the latest ceasefire talks between Russia and Ukraine which started on Monday, may yield results (clearly forgetting how the rug was pulled from under the market on Friday in an identical setup), which initially sent stocks higher especially in Europe, despite a surge in 10Y TSY yields to 2.10%, the highest since July 2019, two days ahead of the first Fed rate hike, and a complete collapse in Chinese stocks. And while U.S. index futures were still pointing to a positive open with negotiations between Russia and Ukraine set to continue, this gain is fading fast, with spoos now up just 0.5% after rising 1% earlier… ... as headlines from the Kremlin suggested that a ceasefire is the last thing on Putin''s mind. *KREMLIN: RUSSIA WILL REALIZE ALL ITS PLANS IN UKRAINE OPERATION *KREMLIN: UKRAINE OPERATION WILL BE COMPLETED ON SCHEDULE *KREMLIN: RUSSIA DIDN''T REQUEST CHINA MILITARY AID FOR OPERATION *KREMLIN: RUSSIA HAS RESOURCES NEEDED TO COMPLETE UKRAINE ACTION And while futures would normally be deep in the red by now, and will be shortly now that AAPL is at LOD...

We''ve reached the tail end of earnings season, but there are a few more names likely to draw attention over the next few weeks. One of the headliner''s on this week''s earnings calendar is original meme stock GameStop ( GME , $96.59). The video game retailer is scheduled to report its fourth-quarter results after the March 17 close. SEE MORE What the Russia Oil Ban Means for Stocks GME stock fell 10.3% the day after it reported earnings in December, with the company reporting a third-quarter loss that was wider than the year prior. Another negative earnings reaction will only exacerbate its long-term downtrend, with shares off more than 62% in the last 12 months. Even with this significant decline in GME''s share price, it "remains a dangerous stock," says David Trainer, CEO of investment research firm New Constructs. This is because GameStop, like many of its fellow meme stocks, "remain dangerously overvalued and don''t generate anywhere near the profits necessary to justify their current valuations." This opinion seems to be shared by Wall Street analysts, who carry a consensus Sell recommendation on GME, according to S&P Global Market Intelligence.

JPMorgan, FedEx, AutoZone, Costco and Oracle are highlighted in this Earnings Preview article.

The Federal Reserve caps a two-day meeting of its policymakers with an economic and interest rate policy update Wednesday

Last year, US shipping giant FedEx introduced a new tag line, "Where now meets next." But after a financially grueling holiday season, over 800…

The Federal Reserve’s policy committee meets on Tuesday and Wednesday. GameStop, FedEx, Lennar, and others report earnings. Plus, producer price index and retail sales data.

The Federal Reserve will be front-and-center for investors this week as it tees up for a long-anticipated liftoff on interest rates likely to come Wednesday. The latest print on producer prices and February retail sales are also on the agenda through Friday, along with some lingering earnings results from companies including FedEx and GameStop.

Market generals are often the last to fall in the first stages of bear markets, causing enormous psychological damage.

The following is a list of earnings slated for release March 14-18, along with a few previews.

Welcome to Seeking Alpha''s Catalyst Watch - a breakdown of some of next week''s actionable events that stand out. Read more about the events that may impact stock prices next week.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Parcel shippers have been struggling with rising carrier fuel surcharges for months. The struggle has now entered a new dimension. On Monday, the Energy Information Administration (EIA) reported a 74.5-cents-a-gallon increase in the average nationwide price of diesel fuel to $4.845 a gallon, the largest week-over-week increase in the diesel index since EIA began keeping records in 1994. The jump, in turn, will trigger significant increases in fuel surcharges imposed by FedEx Corp.''s ground unit (NYSE: FDX ) and UPS Inc.''s (NYSE: UPS ) domestic ground parcel business. Based on the carriers'' calculations, FedEx Ground customers will pay a surcharge of 15.25% on all shipments, effective this Monday. Effective March 21, UPS customers will pay a 14.5% surcharge on each ground delivery. Changes in FedEx surcharges take effect one week after the most recent EIA price, which is published every Monday.