Stocks Soar To New Highs

08:31am, Friday, 20'th Sep 2024
Key Takeaways
U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.
Wall Street weighs in on FedEx after the shipping company reports weaker-than-expected quarterly earnings.

Why Did FedEx Stock Fall 13%?

08:11am, Friday, 20'th Sep 2024
FedEx stock (NYSE: FDX) saw a 13% fall in after-market hours on Thursday, September 19, after it reported Q1'25 results (fiscal ends in May) far worse than the street estimates. FDX stock is up 7% yea
Analysts sees a potential spinoff of FedEx's freight business as a potential boost, but the stock is dropping sharply
Just days after American TV personality Jim Cramer praised FedEx Corporation (NYSE: FDX) as a “great stock to own,” the company's shares took a nosedive, giving, once again, fuel to his critics wh
David Vernon, Senior Research Analyst – Transportation at Bernstein, sees FedEx's lowered guidance as an overreaction and expects improvements later. He recommends buying the dip, noting both FedEx
FedEx tumbled in overnight US trading as it warned full earnings would miss its guidance after a difficult first quarter. One analyst said the magnitude of the miss was huge while Barclays added it wa
In some ways, FedEx is a bellwether of global trade and logistics. After all, global growth, inflation, fuel costs, interest rates, supply chain disruptions and competition are all elements that affec

Markets Celebrate Loosening Interest Rate Cycle

07:16pm, Thursday, 19'th Sep 2024
Economic prints were better than expected today, as well -- all but FedEx's (FDX) Q1 earnings results.
FedEx (FDX) came out with quarterly earnings of $3.60 per share, missing the Zacks Consensus Estimate of $4.82 per share. This compares to earnings of $4.55 per share a year ago.
TD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.
FedEx (FDX) shares tumbled in extended trading Thursday after the company missed analysts' estimates with its fiscal first-quarter results and slashed its full-year outlook.
Brandon Oglenski, Barclays transportation analyst, joins 'Closing Bell Overtime' to talk FedEx earnings.
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE