|Bid||155.89 x 300|
|Ask||215.60 x 100|
|Day's Range||164.45 - 166.05|
|52 Week Range||138.90 - 175.75|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
U.S. stocks closed moderately lower last week, which on the charts resulted in some key initial moving averages being violated. It’s the dead of summer on Wall Street and despite turbulence in Washington, the broader stock market is holding up and trading in a choppy sideways move. Take a step back from this choppy tape for the time being, for it is better to miss an opportunity than to have to dig yourself out of a string of unnecessary losses in a low probability and choppy stock market environment.
Shares of FedEx Corporation (NYSE:FDX), while still higher by around 10% for the year, have seen a one-way street slide since the first half of July. As a reminder, we currently find ourselves in a choppy August stock market period, which is to say that from a trading perspective, less is more as it helps preserve previous capital and prevent psychological damage. Avg. (ETF) (BATS:IYT) last week broke below their 200-day simple moving average for the first time since June 2016.
Expeditors International of Washington (EXPD) sees 30% of its revenues originating in the US and the remainder coming from overseas.