FDX Stock Summary and Trading Ideas (Fedex | NYSE:FDX)

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 April 17, 2024, FDX stock price declined to $263.07 with 1,263,156 million shares trading.

FDX has a beta of 1.03, meaning it tends to be more sensitive to market movements. FDX has a correlation of 0.20 to the broad based SPY ETF.

FDX has a market cap of $64.74 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 +16.2% while the SPY ETF gained +23.0%. However, in the short term, FDX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.9% vs +5.7% return in SPY. But in the last 2 weeks, FDX shares have been beat by the market, returning -4.4% compared to an SPY return of -3.5%.

FDX support price is $261.52 and resistance is $268.36 (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.