4-Oct-2024
Boring FedEx (FDX) Offers a Compelling Bullish Options Case
TipRanks (Tue, 1-Oct 4:20 PM ET)
Boring FedEx (FDX) Offers a Compelling Bullish Options Play
TipRanks (Tue, 1-Oct 4:20 PM ET)
Air freight stocks down today amid port strikes
Seeking Alpha News (Tue, 1-Oct 3:02 PM ET)
FedEx Stock (FDX): Chasing the News May Give You the Blues
TipRanks (Tue, 1-Oct 12:44 PM ET)
FedEx Stock (FDX): Chasing the Port Strike News May Give You the Blues
TipRanks (Tue, 1-Oct 12:44 PM ET)
XLI: GEV, BLDR among industrial gainers during Q3, Boeing top laggard
Seeking Alpha News (Tue, 1-Oct 11:10 AM ET)
FDX Bullish Calendar Call Spread with 253% Upside
Market Chameleon (Mon, 23-Sep 4:02 PM ET)
FDX Bearish Calendar Put Spread with 230% Upside
Market Chameleon (Fri, 20-Sep 12:06 PM ET)
FedEx Reports First Quarter Diluted EPS of $3.21 and Adjusted Diluted EPS of $3.60
Business Wire (Thu, 19-Sep 4:03 PM ET)
FedEx Places First Order for 15 Workhorse W56 Step Vans to Grow Zero-Tailpipe Emission Fleet
Globe Newswire (Mon, 9-Sep 8:30 AM ET)
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 October 4, 2024, FDX stock price declined to $260.84 with 1,505,967 million shares trading.
FDX has a beta of 0.79, meaning it tends to be less sensitive to market movements. FDX has a correlation of 0.08 to the broad based SPY ETF.
FDX has a market cap of $63.72 billion. This is considered a Large Cap stock.
Last quarter Fedex reported $22 billion in Revenue and $3.60 earnings per share. This fell short of revenue expectation by $-330 million and missed earnings estimates by -$1.16.
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 return of +2.3%, while the SPY ETF gained +36.6%. In the last 3 month period, FDX fell short of the market, returning -10.7%, while SPY returned +4.2%. However, in the most recent 2 weeks FDX has outperformed the stock market by returning +2.4%, while SPY returned +0.8%.
FDX support price is $257.79 and resistance is $266.37 (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.