|Bid||148.94 x 30000|
|Ask||149.96 x 30000|
|Day's Range||148.02 - 148.02|
|52 Week Range||133.50 - 219.70|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||72.92|
|Forward Dividend & Yield||2.32 (1.58%)|
|1y Target Est||N/A|
For example, an automotive supplier, faced with the prospect of huge fines – as well as the possibility of lost business – in the event its customer's line goes down for want of critical parts, will spend thousands of dollars to ensure an air charter is available to whisk the needed parts to their destination as fast as possible. The story cited a report from Cambridge Property & Casualty that an unidentified auto company will levy a $500 per-minute penalty if a late delivery shuts down its assembly line.
Amazon.com, Inc. (NASDAQ: AMZN) has encountered many defining moments in its quarter century of reshaping American commerce. At 2:59 AM eastern time July 15, Amazon will unleash "Prime Day," the online ordering extravaganza that in its fifth year is fast rivalling in relevance the day after Thanksgiving, known as "Black Friday," in the hearts, minds and wallets of an e-commerce-obsessed global populace (It will be available in 18 countries this year). FedEx did not renew its domestic air contract with Amazon, but is still providing ground deliveries which is expected to be a key part of the Prime Day mosaic.
The delivery giant has made a good start toward bottoming on its charts, but the full tale has yet to be told with its shares.
Goldman Sachs initiated coverage on both stocks with Buy ratings, arguing that the stocks have gotten too cheap and could rise 20% over the next 12 months.
E-commerce and long-term global trade are expected to be catalysts for the air freight and logistics industry.
One of the great untold stories of the 10-year economic expansion – in fact of the past 40 years – has been the logistics industry's role in mitigating the booms and busts that have plagued U.S. economic cycles throughout their history. Andy Kessler, the excellent columnist for the Wall Street Journal, highlighted this phenomenon in a recent piece. Advanced logistics practices, underpinned by vastly improved information technology, have enabled business to "control inventory and prevent over-investment" in ways that weren't possible until the 1980s and 1990s, Kessler wrote.
FedEx Corp. (NYSE: FDX) wants folks to look past the valley of fiscal 2020. The 2020 fiscal year, which began June 1, will be one of "transition," FedEx said, using the corporate codeword for a year to forget. FedEx will have added density and, by extension, operating efficiencies by shifting parcels currently tendered to the U.S. Postal Service into its ground network.
The United States and China have agreed to restart trade talks, President Trump said Saturday at the Group of 20 summit in Osaka, Japan. At a news conference Saturday, Trump said the U.S. would not impose any new tariffs on Chinese exports as the talks begin. After trade talks broke down on May 10, the Trump administration said it would impose 25 percent tariffs on an additional $300 billion a year of Chinese goods on top of the 25 percent tariffs already levied on $250 billion a year of Chinese imports in 2018 and earlier this year.
Investors should buy FedEx stock for a unique reason, according to an analyst: The company’s competitive position in express shipping is comparable to the power of the Federal Reserve.
With our estimate that 60 million to 70 million iPhones in China are currently in the window of opportunity, this is a critical time for Apple to solidify its key installed base in the region. The threats of more damaging tariffs easing up is a major positive for Wall Street and Cupertino heading into the rest of 2019-20, although anything could still happen in this high-stakes poker game.…We continue to believe that the risk/reward in Apple’s shares are compelling at current levels and also view this name as the most safe from antitrust swirls.
The stock market pulled back somewhat as investors didn't want to make new long bets ahead of President Donald Trump's meeting with Chinese President Xi Jinping.
China wants President Trump to lift the ban on Huawei Technologies as part of a new trade deal. If that happens, several stocks caught in the vortex could see gains.
The Dow Jones Industrial Average ended down Wednesday after Treasury Secretary Steven Mnuchin said the U.S. and China were "about 90% of the way" to reaching a trade agreement, while President Trump said he wants to make a trade deal with Beijing, but is happy where things are now. rose after the chipmaker's fiscal third-quarter earnings and revenue beat Wall Street forecasts and the company said it expects a solid rebound in memory demand later this year. Micron Technology is Real Money's Stock of the Day.
FedEx Corporation (NYSE: FDX) should continue to deliver above-average growth along with packages over the long-term, sell-side analysts said Wednesday, brushing aside warnings in its near-term guidance. Raymond James analyst Patrick Tyler Brown lowered the price target from $200 to $190 but reiterated an Outperform rating.
Adam Shapiro highlights the top trending stories on Yahoo Finance.
FedEx stock is up today after reporting earnings that beat quarterly earnings estimates and revenue, with FedEx CEO Fred Smith saying the trade war surprised him like a 'Mike Tyson' punch in the face. Yahoo Finance's Zack Guzman, Sibile Marcellus, and Emily McCormick are joined by Beth Comstock, former GE Vice Chair and ‘Imagine It Forward’ author to discuss.