FDX - FedEx Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.83 (+0.42%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close197.23
Bid193.45 x 1100
Ask199.99 x 3000
Day's Range196.92 - 199.32
52 Week Range150.94 - 266.67
Avg. Volume1,956,470
Market Cap51.609B
Beta (3Y Monthly)1.71
PE Ratio (TTM)14.58
EPS (TTM)13.59
Earnings DateJun 25, 2019
Forward Dividend & Yield2.60 (1.43%)
Ex-Dividend Date2019-03-08
1y Target Est208.88
Trade prices are not sourced from all markets
  • Look to CSX earnings for next stock play: Cramer
    CNBC Videos12 hours ago

    Look to CSX earnings for next stock play: Cramer

    Jim Cramer breaks down CSX Transportation's revenue data to discover industries and stocks that are worth making a buy.

  • Bulls bet on one energy name. Plus: where Bristol-Myers may be heading
    CNBC Videos7 days ago

    Bulls bet on one energy name. Plus: where Bristol-Myers may be heading

    "Halftime Report" trader Jon Najarian spots unusual options activity in shares of Encana and Bristol-Myers. Plus, a trade update on FedEx.

  • TheStreet.com12 hours ago

    Jim Cramer: Want a Snapshot of the Economy? Look at the Rails

    Many people rely on government data, such as information from the Commerce Department or the Fed. In fact, go back to when Jerome Powell created his own darned bear market back in October of 2018. Powell was gung ho on one rate raise in December and three more this year because he feared runaway inflation.

  • GuruFocus.com17 hours ago

    Amazon: Monopoly in the 21st Century, Part 2

    Earlier this week, we had a look at some of the ways in which Amazon (AMZN) uses predatory pricing to destroy competitors. By offering products like the Kindle and Prime at a loss, Amazon is able to push out smaller companies that need to operate similar services profitably. Once the competition is gone and consumers are locked into their platforms, Amazon is able to raise prices, as it did for Prime in 2014.

  • Reutersyesterday

    U.S. restrictions on Qatar Airways could lead to unravelling of aviation agreements - airlines

    The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. Washington is scrutinising state-owned Qatar Airways' acquisition of 49 percent of Air Italy, which has been flying to U.S. destinations since June, a deal that U.S. lawmakers say may have violated a commitment by the Gulf airline not to add new flights to the domestic market.

  • FedEx expands in Austin with space to double van fleet, handle pricier shipments
    American City Business Journals2 days ago

    FedEx expands in Austin with space to double van fleet, handle pricier shipments

    FedEx is leasing is a yet-to-be constructed building at the Park 183 industrial park in Southeast Austin, near Austin-Bergstrom International Airport.

  • Barrons.com2 days ago

    Rep. Brad Schneider’s Wife Buys Alibaba Stock, Sells FedEx

    The Illinois Democrat recently disclosed some stock trades by his wife, Julie Dann. Her account also bought Progressive stock.

  • The 7 Best Long-Term Stocks for 2019 And Beyond
    InvestorPlace3 days ago

    The 7 Best Long-Term Stocks for 2019 And Beyond

    [Editor's note: This story was previously published in March 2019. It has been updated and republished.]If you're looking for consistent market success, the best thing you can do is to expand your time horizon. Chasing flavors of the week could profit you in the immediate frame, but too often, an unexpected event can derail your position. However, by picking ideas from the best long-term stocks, you improve your odds significantly.Primarily, a financially sound company's trading dynamics will replicate the law of averages. Nearer-term pressures and unfavorable news events can negatively impact the organization, but in the longer run, the fundamentals take over. In other words, time evens out the volatility. That's not the case for swing trades, where outliers can have a disproportionate effect.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, genuine long-term stocks usually have bullish arguments that extend beyond technical factors. A proven track record is a typically common attribute, as are other tailwinds, such as strong financial performances, or a robust, underlying industry.To better maximize these "patient" investments, investors should focus not just on corporate-growth prospects, but sector growth as well. In many cases, a rising tide lifts all boats, irrespective of individual performance. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot To that end, I present my top seven stocks to buy for the long haul: Wayfair (W)Some trends are significant but difficult to quantify. Others are patently obvious. A prime example is shifting consumer behavior toward e-commerce outlets. Put simply, online sales represent an increasing share of total retail sales. This undeniable fact has always led me to recommend a longer-term position in Amazon (NASDAQ:AMZN).I'm not backing away from that opinion. Amazon attracts all customers, but notably those in the middle-income bracket. It's also pushing into extremely lucrative markets like smart speakers. Its role in the economies of tomorrow is assured. But I don't want to keep talking about the same company again . That's why I'm putting Wayfair (NYSE:W) front and center on my long-term stocks to buy list.Wayfair is an online retailer specializing in home goods such as furniture and decorative products. And business has been good, with W generating nearly 45% direct-retail sales growth last year.The tremendous momentum has sparked a rapid rise in W stock. Since June 1, 2017, Wayfair stock has nearly doubled.The problem? Its net income is negative. Coincidentally, that's always been Amazon's issue until a few years ago. So long as shareholders continue to see top-line growth, they appear willing to overlook the bottom line.Over time, Wayfair could end up becoming a smaller version of Amazon, which isn't a bad gig. FedEx (FDX)Being as diplomatic as possible, the Trump administration has been a mixed blessing for the economy. On one hand, Trump has reinvigorated domestic industries, with calls about putting American interests first. But on the other hand, he hasn't produced a great image abroad in the non-Russian part of the world.A sharp consequence of Trump's foreign policy is the ongoing tariff wars with China. With the Asian economic giant being an exporting power, international couriers like FedEx (NYSE:FDX) felt the heat. As an example, FedEx delivered great results for its fourth-quarter fiscal 2018 earnings report. Unfortunately, investors panicked on FDX stock due to shipment-slowdown fears.That's a shame because I strongly view FedEx as one of the best long-term stocks to buy. Outside of the tariff issue, the courier, along with rival United Parcel Service (NYSE:UPS), benefits from the aforementioned e-commerce trend. Consumers are no longer shopping in brick-and-mortar stores in the same volume like prior generations. The positive tailwind for both couriers is readily apparent. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot Critics may counter that Amazon is experimenting on their own delivery service. I've said it before, and I'll say it again: the impact is likely overstated. The economies of scale involved in trying to take down a FedEx or UPS is enormous. Besides, the e-commerce sector will balloon to a size big enough for all current competitors. Welltower (WELL)You hardly think about this when you're younger. But as the earth continues to revolve around the sun, you get closer to the inevitability of old age. After enough complete revolutions, you're at a point where you may no longer physically take care of yourself.Handling the challenges in senior-living solutions is Welltower (NYSE:WELL). Welltower is a real-estate investment trust that focuses largely on senior-housing and assisted-living facilities. The company also specializes in memory-care communities, post-acute care facilities and medical-office properties.The need for Welltower's primary business is obvious. Currently, Baby Boomers represent the largest living generation in the U.S. A significant number of this demographic are already retirement age, and soon, the majority will enter their golden years. That substantially boosts prospects for WELL stock, especially if you have a long-term strategy.Moreover, I believe Welltower's structure as a REIT is an advantage in this sector. Direct plays like Brookdale Senior Living (NYSE:BKD) appear enticing at first. However, look deeper at the financials, and you'll likely discover a flawed opportunity. Welltower better absorbs sector risk by spreading it across multiple properties. Rosetta Stone (RST)I dare say that most Americans take for granted that English is the uncontested international language. Everything that we consume has an English translation. Whenever we go to a foreign country, we can expect at least someone to speak some English.We really don't think twice about this dynamic because of historical imperialism. Western values and culture are exported everywhere thanks to ubiquitous brands like Coca-Cola (NYSE:KO) and McDonald's (NYSE:MCD). But how long is this dynamic going to last? Even in our own nation, we're experiencing profound demographic shifts.Internationally, these changes are even more dramatic. Already, Chinese is the most spoken language in the world. Considering that China's population is roughly 1.4 billion, this fact will become further solidified.Here's the bottom line: Whether English remains the international standard, America cannot survive as a monoglot nation. That's where Rosetta Stone (NYSE:RST) comes in. As makers of language-education software, RST provides a critical solution to a growing need.RST has proven its worth in the markets, having jumped to a 35% lead. Still, it will require some patience moving forward. The company incurred poor sales and earnings performances in the era of Google Translate. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot However, learning languages isn't about merely translating words, but the meaning behind the words. Foreign language is a vital art that computers can't yet properly duplicate. If Rosetta Stone can sell that message, RST has the chance to consistently surprise. Carvana (CVNA)The previous time I covered online car dealer Carvana (NYSE:CVNA) was as part of a gallery featuring up-and-coming publicly traded organizations. I also mentioned that I was in the market for a new ride. I'm still searching, which has led me to some additional thoughts about CVNA stock.First, car buying is a real pain in the behind. I spend endless hours looking for the right vehicle. If I find a few that meet my interests, I then have to physically go to the dealership. I haven't gotten around to this step because a) I'm lazy and b) I know I'm in for bitter negotiations.That, of course, is just my personal feelings on the matter … but I'm not the only one that feels this way. According to Time.com contributor Ian Salisbury:"It's long been a rite of passage -- if one that's universally bemoaned -- sitting at a car dealer's cluttered desk, dickering over the price of a new vehicle.But millennials -- used to purchasing everything from music to groceries to hotel stays online -- are starting to change that as a number of major care markers strike deals to sell cars at fixed list prices, according to a report in the Washington Post."This year, more millennials will be in America than members of any other generation. If millennials buy cars, they will increasingly choose the online route. Sorry, shady used-car dealers, but CVNA is about to eat your lunch. 51job (JOBS)Rooster's Lindsey Kline reported that millennials are giving corporate America the bird. But why do Kline and her fellow demographic partners feel so strongly about corporate employment? In her words, she prefers companies cut the BS, and instead provide "office kegs, pool tables, and air hockey." If today's employers can't get with the program, young workers will simply leave.Kline justifies this prideful attitude in that "Millennials are the most educated generation in history. We grew up in the midst of a digital era, and consequently, we're the only generation that doesn't have to adapt to new technologies."Some of you might find this thinking process arrogant, and I would agree. However, don't fight the tape: This is how the working environment works today. And this points to the reason why I'm long-term bullish on ShiftPixy (NASDAQ:PIXY), especially if the price is right. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot However, this trend isn't exclusively an American one, which is why I'm putting 51job (NASDAQ:JOBS) on my long-term stocks to buy list. 51job is a next-generation employment recruiter and human-resources solutions provider for the young and tech-savvy. Better yet, it's a Chinese company that levers the advantages of a labor force that is over twice the size of the total U.S. population! That's a figure you simply can't ignore. Albemarle (ALB)A few years ago, Goldman Sachs boldly stated that lithium is the new gasoline. Most insiders, though, would probably say that the vaunted financial firm is merely profiting from the obvious. Companies like Tesla (NASDAQ:TSLA) have long proven that lithium is indeed the next-gen fuel source.But try telling that to the markets. Tesla stock is down nearly 12% over the past year, and the lone lithium-based exchange-traded fund, Global X Lithium ETF (NYSEARCA:LIT), is down sharply this past year. Fortunately, so too is domestic-lithium specialist Albemarle (NYSE:ALB).So what's causing this prolonged downfall? While lithium demand is higher, so too is supply. Indeed, as the lithium price soared, more producers wanted in on the action. As a result, Argentina, Australia and Chile have ramped-up production to the point where supply greatly exceeds demand. From Economics 101, you know where that situation leads.But like any commodity, the ebb-and-flow is difficult to predict. Sure, oversupply exists today. Tomorrow, that situation can change on a dime. Given that the broader technology industry points toward increased lithium usage, not less, my money is on ALB rising. Consider this lull in Albemarle shares as a discounted opportunity on one of the best long-term stocks to buy.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post The 7 Best Long-Term Stocks for 2019 And Beyond appeared first on InvestorPlace.

  • Benzinga3 days ago

    1Q Transportation Earnings Preview

    With first quarter 2019 earnings set to kickoff on Monday, April 15 with J.B. Hunt (NYSE: JBHT), FreightWaves is looking at expectations for the transportation stocks. Many investment firms are saying that the first quarter could be the earnings trough for the year with modest growth to follow. Transportation stocks are expected to report larger year-over-year (y/y) increases in the first quarter with more modest growth rates seen as the year continues, according to Barchart's consensus estimates.

  • FedEx Stock Is a Strong Buy Under $200
    InvestorPlace3 days ago

    FedEx Stock Is a Strong Buy Under $200

    Just a year ago, FedEx (NYSE:FDX) stock was flying high, even reaching $270 per share at one point. Since then, however, FDX stock has been grounded. Economic concerns have investors fleeing FedEx and some other transportation stocks.However, not all transports have been hit equally. In fact, some of the rails, like Union Pacific (NYSE:UNP) and Canadian National Railway (NYSE:CNI) are making fresh 52-week highs. This sets up an interesting pair trade opportunity to sell the rails and buy the truck and air delivery service competitors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut first, what has gone wrong for Fedex stock? Slowing Economic OutlookOver the past three quarters, FedEx has lowered its FY '19 guidance from a starting point of $17.50 into the $16s, and now, of the latest update, just $15.50. That's an 11% decline for this year's outlook in a relatively brief period of time. The guidance range for Q4 remains fairly wide as well, suggesting that management is not confident on how this quarter will turn out.The company blamed several factors for the dramatic slowdown in the earnings outlook. The most important of these appears to be international markets. Non-U.S. revenues failed to come in like FedEx had been expecting. Regardless, management is still upbeat for fiscal year 2020, which kicks off in June of this year. * 10 Stocks That Are Screaming Buys Right Now Some of this is hard to predict. The trade war, for example, has undoubtedly pressured FedEx's business. Many analysts still expect positive developments on this front within the next couple months. In fact, much of the recent stock market rally has been built on rumors that a China-U.S. deal is drawing near. However, FedEx's results could remain choppy for a bit until a more global economic upswing takes root. Big OverreactionThe crux of the matter here, however, is that the market has drastically overreacted. The company cut 2019 guidance by around 10% and the stock lost more than a third of its value. That's a highly disproportionate response to the news. That said, you can see why the market reacted this way. FedEx cut guidance each of the last two quarters, rather than delivering all the bad news at once, giving the impression that things are steadily worsening.Still, the overall magnitude of the drop shouldn't be exaggerated. On top of that, economic indicators should start picking up again. The Fed has pivoted from a strongly hawkish position back to neutral. Letting easier credit into the economy should help consumer confidence, and thus enable FedEx's business to pick up.It's also important to remember that FedEx has tremendous franchise value due to its powerful brand and entrenched infrastructural advantages. The value of the business doesn't swing 30% in a year simply because it delivers fewer packages. FDX stock is sharply overreacting to minor economic swings that most people will forget within a couple of years. Cheap Versus the RailsThe railroad stocks are looking rather expensive at the moment. Most of the sector is trading at or near new 52-week highs and sporting fairly lofty price-to-earnings ratios for a typically sedated sector. Canadian National Railway is at 21x trailing, 18x forward earnings, for example. Union Pacific is at 21x trailing and 17x forward earnings. CSX (NYSE:CSX) is at 20x and 16x, respectively. Against that backdrop, FDX stock really pops at 16x trailing and 12x forward earnings, and that's even after the stock rallied from $170 to $195 recently.It simply doesn't make a whole lot of sense intuitively that FedEx is doing so poorly while the rails are experiencing boom times. Sure, railroads tend to carry more commodity goods, whereas FedEx has more retail and consumer traffic. Still, though, as the economy goes, if consumers aren't buying as much stuff, the demand for raw commodities will drop as well. Transports tend to trade together as a sector; it's unlikely that FedEx stock can continue to drastically underperform the rails for long. * 7 Energy Stocks to Buy as Oil Booms Bears on FDX stock can make one counterargument to this line of reasoning. FedEx acquired TNT Express in 2016, which greatly enhanced its market presence in Europe. The European economy remains among the weakest of the major developed players in the world. You can argue that FedEx is unduly struggling due to its heightened European exposure. That said, the rails have exposure to other economies as well, particularly Canada and China, which are not so hot right now either. It hardly seems fair to blame FedEx's underperformance on non-U.S. exposure. FDX Stock VerdictI personally started buying FDX stock in January at $176 per share, and I've added to my position since then. While another correction to that level would set up an amazing opportunity to take a position in this global freight leader, the current price is still more than fair.FDX stock should trade at $250 or higher based on both comparable earnings of other transportation companies and where FDX stock traded last year. Yes, there was a brief recession scare late last year. But it's over now and the Fed has reopened the cheap money taps again. Don't miss your chance to get on-board with FDX stock before it makes a full recovery.At the time of this writing, Ian Bezek owned FDX stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post FedEx Stock Is a Strong Buy Under $200 appeared first on InvestorPlace.

  • If You Own Realty Income Stock, It’s Time to Take Your Profits
    InvestorPlace6 days ago

    If You Own Realty Income Stock, It’s Time to Take Your Profits

    Everything you think you know about REITs? Forget it before you put Realty Income (NYSE:O) under the microscope. Realty Income stock is far less subject changes in interest rates than most investors care to believe, and much more of a sentiment-driven trading vehicle than most investors care to concede.Source: Yuriy Trubitsyn via UnsplashTo that end, now would be a good time to take profits on Realty Income stock if you're long, and if you're daring enough, perhaps even short it.That's a counterintuitive strategy for students of what makes the market tick. Rising rates are supposed to work against real estate investment trusts by increasing the cost of capital, while falling or stagnant interest rates help make and keep money cheap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRight now the Federal Reserve seems mostly ready to let rates stand pat, with some whispers of a rate-cut circulating in the market's ether. That's supposed to be good for REITs.In the real world though, we've rarely seen that relationship hold up. In the real world, Realty Income is uncomfortably vulnerable here. * 7 AI Stocks to Watch with Strong Long-Term Narratives Right REITOn paper, it shouldn't have happened. But it did. Against a backdrop of steady rate increases over the course of last year, Realty Income stock rallied from an early-2018 low near $47 to a high-near $74 just a couple of weeks ago. That's a 57% gain.Why didn't the Fed's four rate-hikes deflate the rally? Because there's far more to the matter than mere interest rates. Many investors get the market's easy stuff. Earnings growth is good. Bear markets are bad. Diversity staves off volatility.Not all investors can fully process multi-faceted and sometimes arbitrary pressures on a stock though. Realty Income is one of those names with a lot of moving parts.Chief among them is the fact that it rents space to some of the world's most recognized and reliable companies. Its top tenants include Walgreens Boots Alliance (NASDAQ:WBA), FedEx (NYSE:FDX) and Dollar General (NYSE:DG). Those companies may ebb and flow, but for the most part they're not going anyway. And, unlike 2008's subprime mortgage meltdown, the underlying assets that make up realty income aren't quite as subject to an implosion as on over-mortgaged home is.If nothing else, Realty Income has been and always will be at least reasonably dependable.There's a much bigger (albeit related) tailwind that's boosted the O stock price far more than rising rates have worked against it, however. That is, the solid economic growth that inspired last year's quartet of interest rate increases in the first place. Wrong TimeWhile the tariff war, in addition to a long-lived government shutdown, has dialed back the impressive and consistent GDP growth, it still is growth.After soaring to a pace of more than 2.0% in the latter half of 2017 and racing to annualized growth of 4.2% in the second quarter of 2018, Corporate America was humming. Corporate profits reached record levels during the third quarter of last year, prompting investment in more growth and the leasing of new profit centers.Realty Income had no trouble finding and keeping consumer-facing tenants, boasting an occupancy rate of 98.6%. It was able to raise its average rental prices as well. Economic strength mattered more than rising interest rates, pushing shares upward.The backdrop is changing now though, for fundamental as well as psychological reasons. Fundamentally, the economy may still be on a reasonably firm footing, but growth rates are undeniably slowing. International trade friction is very real, and the year-over-year comps translate into tougher comparisons.In the meantime, Q4's GDP growth was pared back to match multi-year lows near 2.2%. It's not bad, but it's certainly not red hot. There's also no particular reason to suspect growth will turn red-hot again anytime soon.Psychologically, investors may be starting to realize they got a little ahead of themselves with Realty Income last year. It's not the first time it's happened either. The weekly chart tells the tale. This REIT is really good at rallying for prolonged periods, but that rally is always unwound in a big way.The relative slowdown in the very economic growth that catapulted Realty Income stock last year, will serve as the bearish fodder the market needs now that shares are uncomfortably overextended. Bottom Line for Realty Income StockThe great irony is, none of the stock's past rises and falls nor any of its future gains and losses will actually be a full reflection of the REIT's results. Revenue, operating income and funds from operations are all quite steady, and the real estate investment trust recently announced its 101st dividend increase.It's been a picture of consistency and reliability. The big swings of the O stock price are largely prompted by traders' ever-changing perception.Nevertheless, if that's the game most investors are playing, then that's the game would-be buyers have to play too. Anyone interested may want to let some of the froth burn off first. It could take a while to gauge the true strength of the economy here anyway.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post If You Own Realty Income Stock, It's Time to Take Your Profits appeared first on InvestorPlace.

  • Amazon Is Gearing Up to Challenge FedEx and UPS
    Motley Fool6 days ago

    Amazon Is Gearing Up to Challenge FedEx and UPS

    New investments in air cargo transport companies point to development of its own third-party carrier service.

  • FedEx warehouse at Miami International Airport to expand
    American City Business Journals7 days ago

    FedEx warehouse at Miami International Airport to expand

    Aeroterm will expand the FedEx cargo warehouse at Miami International Airport. The Miami-Dade County Commission approved a ground lease with the developer April 9. The county agreed to add six acres to the 23.4-acre site Aeroterm has leased at MIA since 2004.

  • Benzinga7 days ago

    BMO Shares Takeaways From Meeting With FedEx, Expects Cost Savings From Buyouts, TNT Express

    A series of meetings with FedEx Corporation (NYSE: FDX ) management received a high level of interest from investors, according to their host, BMO Capital Markets.  The research firm said the stock has ...

  • Zacks Earnings Trends Highlights: Nike, FedEx, Adobe and Oracle
    Zacks7 days ago

    Zacks Earnings Trends Highlights: Nike, FedEx, Adobe and Oracle

    Zacks Earnings Trends Highlights: Nike, FedEx, Adobe and Oracle

  • Barrons.com7 days ago

    Senator David Perdue Buys FedEx and Alphabet Stock, Sells IBM and First Data

    Senator David Perdue (R., Ga.) has been buying stock with relatively moderate gains so far in 2019 and selling stock that has been rocketing this year. A joint account that he owns with his wife Bonnie Perdue has been buying (FDX) (ticker: FDX), class C (GOOGL) (GOOG), and (BKNG) stock (BKNG) in March and April. Perdue disclosed the transactions in a regulatory form he filed.

  • U.S. looking 'very closely' at Qatar-Air Italy deal - Pompeo
    Reuters8 days ago

    U.S. looking 'very closely' at Qatar-Air Italy deal - Pompeo

    The United States is scrutinising state-owned Qatar Airways' acquisition of a 49 percent stake in Air Italy, which has been flying to U.S. destinations since June in a move seen by U.S. lawmakers as flouting a deal not to add new flights to the domestic market. Both Republicans and Democrats at the Senate Foreign Relations Committee hearing said they were concerned that the deal with the Italian carrier violated an agreement Qatar Airways reached with the United States in early 2018.

  • Reuters8 days ago

    U.S. looking 'very closely' at Qatar-Air Italy deal -Pompeo

    The United States is scrutinizing state-owned Qatar Airways' acquisition of a 49 percent stake in Air Italy, which has been flying to U.S. destinations since June in a move seen by U.S. lawmakers as flouting a deal not to add new flights to the domestic market. Both Republicans and Democrats at the Senate Foreign Relations Committee hearing said they were concerned that the deal with the Italian carrier violated an agreement Qatar Airways reached with the United States in early 2018.

  • Q1 Earnings Season Gets Underway
    Zacks8 days ago

    Q1 Earnings Season Gets Underway

    Q1 Earnings Season Gets Underway

  • There’s Still Plenty More Near-Term Pain for Boeing Stock
    InvestorPlace8 days ago

    There’s Still Plenty More Near-Term Pain for Boeing Stock

    While the S&P 500 gained 0.10% on Monday, Boeing (NYSE:BA), one of its most embattled constituents, lost more than 4% on the day with Boeing stock closing at under $375.Two things happened Monday to put a damper on Boeing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst, Bank of America Merrill Lynch cut its rating on Boeing from buy to neutral. Second, investors were still freaking out after the company said that it would slow the production of the 737 to 42 aircraft a month starting in mid-April. If you own BA stock, you knew both of these events would come to pass. Analysts Get Paid to AnalyzeAnalysts are reactive. If something bad happens, they have to redo their financial models to account for the potential headwinds to revenues and earnings. There will likely be more of them before the 737 Max 8 is cleared to fly. * 8 Risky Stocks to Watch as Earnings Season Kicks Off As for slowing production, there's not much sense in going full-tilt on a plane's production schedule until you know how much of your backlog is still in the pipeline. It's already lost orders, and there will likely be more losses in the coming weeks. In March, Bank of America (NYSE:BAC) analyst Ken Hoexter recommended that FedEx (NYSE:FDX) should slow its purchase of Boeing 767s and 777s to conserve cash, plowing the savings into share repurchases. "Given the share price decline at FDX, we believe it may look to reduce capex to increase its planned buyback. The company could discuss such a plan when it reports on Tuesday," Hoexter wrote in a note to clients Mar. 18. To see analysts recommending reduced purchases of planes other than the 737 ought to be a horrifying thought to Boeing shareholders. The last thing it needs at this point is a mass exodus from other Boeing aircraft. If this were to happen in earnest, Boeing would likely be affected, because it would leave investors with little hope for the future. So far, there's no indication that FedEx is going to slow its Boeing orders. Remember Why You Own Boeing StockI read somewhere that if you can't explain in a single sentence why you own a particular stock, you shouldn't own it. I believe investors should own Boeing stock because it makes the best planes on the planet generating vast amounts of free cash flow in the process. That sentence says a lot about Boeing. It says the company cares about the kind of planes it produces. It says the company wants to make planes as efficiently as it can so that it generates higher profits for shareholders. And finally, it says the company cares about keeping its balance sheet sound by generating gobs of free cash flow to pay down the debt required to build these expensive planes. It says all that in one sentence of 26 words and 149 characters. Before I answer the question of whether things are going to get worse for Boeing, I'd like shareholders reading this to write out (in one sentence) why you own Boeing stock. It will help you get through this last piece. Are Things Going to Get Worse?Of course, they are. Since the Ethiopian Airlines crash, I've written two articles about the company, both positive. The last piece I called Boeing a superior stock to Airbus (OTCMKTS:EADSY) because of its cash flow generation. Also, I feel that the significant test CEO Dennis Muilenburg and his team is currently facing will make Boeing a stronger company in the long run. I wrote a pieceBefore the Ethiopia crash about the 7 Reasons You Want Boeing Stock in Your Portfolio. I have no hesitation recommending this stock over the long haul. However, the crisis it's facing has a long way to go before it's over. Lawsuits, hearings, testing, discussions with customers, nervous passengers, etc. Currently trading 28% above its 52-week low of $292.47, any further bad news will most certainly send its stock spiraling toward $300 or lower. Now is not the time to be guessing about the future.Has it bottomed? I don't think so. When will we know it's bottomed? When the 737 Max is back flying and enough time has passed to allow investors to forget what's happened over the past six months. So, yes, I do believe that things are likely to get worse before they get better. The Bottom LineThat said, if you're like me and can explain in a sentence why it makes sense to own Boeing stock, you'll gladly buy some more below $300. But it will be a bumpy ride.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post There's Still Plenty More Near-Term Pain for Boeing Stock appeared first on InvestorPlace.

  • Benzinga8 days ago

    UPS To Roll Out Major Pricing Revamp As It Benefits From Network Efficiency Steps

    According to Rob Martinez, CEO of parcel consultancy Shipware, LLC, employees in UPS' revenue management operations, the group that along with its executive leadership manages the company's pricing initiatives, are currently being trained on the new structure. The result, he explained, has been both a boost in density and a reduction in the company's unit costs as more packages move through a fixed-cost infrastructure. The savings are likely to be passed on to shippers in the form of lower rates, although some shippers may see rate increases if the company determines that it is not being properly compensated for its true cost to serve, Martinez added.

  • Lowe's exec: FedEx bot could mitigate logistics challenges
    American City Business Journals9 days ago

    Lowe's exec: FedEx bot could mitigate logistics challenges

    Your neighborhood Lowe’s just got a lot closer. When Memphis-based FedEx Corp. rolls out its new autonomous delivery bot — the FedEx SameDay Bot — Lowe’s will be one of its first retail partners.   The Memphis Business Journal recently spoke with Donald Frieson, executive vice president of supply chain for Lowe’s, who said the bot could be a timesaver for both professional and DIY customers and could also mitigate larger industry challenges. “If you think about what's happening in the industry relative to driver shortages [and] rising transportation costs, this is a unique opportunity to look at something different that could be scalable,” Frieson said.

  • The Big Challenge -- and Opportunity -- Facing UPS and FedEx
    Motley Fool9 days ago

    The Big Challenge -- and Opportunity -- Facing UPS and FedEx

    Is e-commerce growth creating margin pressure for both businesses?

  • Benzinga9 days ago

    In 'Delivery Nation,' All Roads Lead To The Final Mile

    Matt Bergerson, the director of omnichannel fulfillment for retailing co-op REI, has this fantasy: The legendary purveyor of outdoor equipment would establish delivery stations along the Appalachian trail so hikers and walkers that need to replenish their supplies along the way can order them from their smartphones or tablets and receive them at designated pickup points. The Seattle-based company has no such plan on the table, Bergerson said in a recent interview.

  • TheStreet.com9 days ago

    Jim Cramer: 3 Stocks Showing That Earnings Weakness Is a Time to Buy

    The article notes that the dozens of companies have slashed numbers and that "companies that miss earnings estimates could respond by cutting spending, which could trigger stock market selloff." Yes, as the top of the article cries out, "Expected Earnings Pullback Sets Up Big Test for Bull Market" that is one of the longest streaks in two decades. The drugstore chain truly had a terrible quarter.