FedEx Reports Earnings Tuesday. Is the Delivery Giant a Buy?
Key takeaways
- FDX When investors want a quick read on where the economy is heading, they often look to Fed Ex (NYSE: FDX).
- With borrowing costs staying higher for longer, any softness in FedEx s business could add to growing concerns about how the economy could fare in an interest rate environment like this.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
FDX When investors want a quick read on where the economy is heading, they often look to Fed Ex (NYSE: FDX). The company moves packages and freight for businesses across the globe, so the volume flowing through its network tracks the health of trade and industrial activity. In fact, its CEO, Raj Subramaniam, has called Fed Ex the heartbeat of the industrial economy.
Fed Ex releases its fiscal fourth-quarter results (the period ended May 31) on Tuesday, June 23 -- its first update since the Federal Reserve held interest rates steady on June 17 and signaled it now sees a rate hike as a real possibility this year rather than the cuts markets had hoped for earlier this year. With borrowing costs staying higher for longer, any softness in FedEx s business could add to growing concerns about how the economy could fare in an interest rate environment like this.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »