10-May-2024
Seeking Alpha News (Fri, 10-May 3:00 PM ET)
Top picks in Transportation and logistics - Baird
Seeking Alpha News (Fri, 10-May 9:45 AM ET)
Boeing Cargo Plane's Daring Gearless Landing In Istanbul, Investigation Underway
Benzinga (Wed, 8-May 11:41 AM ET)
A FedEx cargo plane lands at Istanbul Airport without front landing gear
Seeking Alpha News (Wed, 8-May 9:58 AM ET)
Steve Cohen’s Point72 Asset Management cuts a group of long-short equity portfolio managers
Seeking Alpha News (Tue, 7-May 4:35 PM ET)
FDX Bullish Calendar Call Spread with 385% Upside
Market Chameleon (Tue, 26-Mar 11:07 AM ET)
FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86
Business Wire (Thu, 21-Mar 4:08 PM ET)
FDX Options are Pricing in a Massive Earnings Move
Market Chameleon (Thu, 21-Mar 3:26 PM ET)
FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024
Business Wire (Mon, 11-Mar 4:15 PM ET)
FedEx to Launch 12th Annual Small Business Grants Program
Business Wire (Thu, 29-Feb 9:00 AM ET)
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
Fedex trades on the NYSE stock market under the symbol FDX.
As of May 10, 2024, FDX stock price climbed to $265.73 with 1,058,515 million shares trading.
FDX has a beta of 0.92, meaning it tends to be less sensitive to market movements. FDX has a correlation of 0.19 to the broad based SPY ETF.
FDX has a market cap of $65.39 billion. This is considered a Large Cap stock.
Last quarter Fedex reported $22 billion in Revenue and $3.86 earnings per share. This fell short of revenue expectation by $-340 million and exceeded earnings estimates by $.41.
In the last 3 years, FDX stock traded as high as $319.90 and as low as $141.92.
The top ETF exchange traded funds that FDX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
FDX has underperformed the market in the last year with a price return of +19.6% while the SPY ETF gained +27.8%. However, in the short term, FDX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.0% vs +4.2% return in SPY. But in the last 2 weeks, FDX shares have been beat by the market, returning 0.0% compared to an SPY return of +2.5%.
FDX support price is $259.20 and resistance is $264.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDX stock will trade within this expected range on the day.