Quarterly FedEx (FDX) earnings are almost always worth noting. One for what the shipping giant is saying about the state of the global economy. Second for the reactions to the news. Many analysts and investors view FedEx as an economic bellwether and therefore garners a disproportionate amount of chatter. With FedEx announcing continued profits (and layoffs) it seems to represent the state of equity markets to a T. In today’s screencast we review the reaction to the reactions.
Posts mentioned in the above screencast:
FedEx misses on earnings, but raises estimates. (WSJ, Bloomberg)
Is the FedEx news more bullish than we think? (Money Game)
At FedEx: earnings up, workers down. (DJ Market Talk, Business Insider)
Is FedEx running out of options to cut costs? (Stock Rabbi)
Daily price chart of FedEx (FDX). (Finviz)