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 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came 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, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

Fedex trades on the NYSE stock market under the symbol FDX.

As of December 23, 2024, FDX stock price declined to $269.13 with 264,826 million shares trading.

FDX has a beta of 0.41, meaning it tends to be less sensitive to market movements. FDX has a correlation of 0.02 to the broad based SPY ETF.

FDX has a market cap of $64.82 billion. This is considered a Large Cap stock.

Last quarter Fedex reported $22 billion in Revenue and $4.05 earnings per share. This fell short of revenue expectation by $-110 million and exceeded earnings estimates by $.14.

In the last 3 years, FDX traded as high as $313.84 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 +11.5% while the SPY ETF gained +27.4%. However, in the short term, FDX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.2% vs +4.1% return in SPY. But in the last 2 weeks, FDX shares have been beat by the market, returning -3.1% compared to an SPY return of -2.7%.

FDX support price is $271.91 and resistance is $279.55 (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 shares will trade within this expected range on the day.