|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||180.26 - 183.02|
|52 Week Range||150.94 - 266.67|
|Beta (3Y Monthly)||1.83|
|PE Ratio (TTM)||9.89|
|Earnings Date||Mar 19, 2019|
|Forward Dividend & Yield||2.60 (1.44%)|
|1y Target Est||222.92|
Last week, Raj Subramaniam became one of the most powerful people at FedEx. Today, the compensation for that new responsibility is known.
The FedEx St. Jude Invitational might be a few months away, but another event is about to tee off on the fairways of the TPC Southwind.
For the broader market, it's an eternal truth that headline drivers come and go. And right now there are signs that today's oxygen-deprived and giddy bulls are facing one wall they're unlikely to overcome on the price chart of the SPDR S&P 500 ETF (NYSEARCA:SPY). This marks a good spot for shorting the SPY ETF. Let me explain.Source: Shutterstock It has been a terrific eight weeks and counting for bullish SPY ETF investors who either held their breath or better yet, ignored the market's multiple bearish narratives and took advantage of panicky price behavior. Of course, now more than ever, the December bottom looks like a case of "what was I thinking?" as most people were anxiously selling and not buying an extremely oversold S&P 500.But all good things do come to an end, and for the SPY ETF, that day of reckoning looks to be near.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBottom line, today's overly bullish atmosphere -- in which bad news is greeted optimistically in the SPY and good news is taken at face value -- is already seeing signs of wear and tear beneath the surface.What am I talking about? Actually, it's more like what am I seeing in more than a few SPY constituent stocks that are considered market barometers -- and the price action is not good. Some Weekly Charts Affecting the SPY ETFTake transport and logistics behemoth FedEx (NASDAQ:FDX). While shares have rebounded over the past several weeks along with the SPY ETF, the weekly chart shows a name which led the market lower and continues to display relative weakness during the current rally. * 10 Smart Money Stocks to Buy Now And more concerning technically, shares of FDX are now setting up in a bearish flag pattern against lateral resistance and a broken 62% support level dating back to 2016's corrective low.Do you want another "prime" example of how today's bulls have taken things a bit too far? Politics and headline folly aside, technology and retail giant Amazon (NASDAQ:AMZN) is warning that another wave of selling is in the cards.Okay, so it's hard to feel sorry for any longer-term investors in AMZN for more than the past year. Nonetheless, shares have lagged the SPY in recent weeks, and that should be a concern. Even more of a worry? In recent days, that weakness has found the stock failing to clear its key 200-day simple moving average and consolidating in the lower half of a multi-week volatile, but mostly lateral, trading range.Still want more evidence? How about Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) or Caterpillar (NYSE:CAT)? That's right, more market heavyweights that despite their gains of the past several weeks are showing more determined signs that all is not well with the SPY ETF.But if that doesn't convince you, maybe it's enough to simply appreciate what a very well-overbought rally into resistance looks like? I like to think so. And currently, you don't need to look any further than the S&P 500. SPY ETF Daily ChartIn our observation, the SPY ETF is showing very real reasons why investors should consider locking in profits, maybe reduce open losses or even take on a short. Bottom line, by our reckoning and which we hope you'll agree with, the S&P 500 enjoys a very nice risk-to-reward set-up against a wall, barrier or whatever you want to call it on today's price chart for a bearish short stock position.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Time to Short the SPDR S&P 500 ETF appeared first on InvestorPlace.
The FedEx Corp. Small Business Grant Contest is back and bigger than ever. Memphis-based FedEx Corp. launched its 7th annual contest Tuesday, Feb. 19, with a grant pool of $220,500, making it the largest amount of funds since the contest was launched in 2012. In 2018, there was $120,500 in total prize money for the winners.
Richard Blum, the head of private-equity firm Blum Capital, also bought Synopsys stock and sold Hologic stock in January.
FedEx Corp. (FDX) today announced the launch of its seventh annual Small Business Grant Contest. This year, the contest offers grants and services to ten U.S.- based small businesses, distributing a collective prize pool of $220,500—the largest sum since the contest was established in 2012. In addition to the grants, winners will also receive an additional dollar amount in credit to use towards FedEx Office print and business services to help run their businesses, as well as packages designed to help them with website optimization, design thinking, social media, and print expertise.
UPS Hikes Its DividendUPS raised the dividend rateUnited Parcel Service (UPS) continued its policy of enhancing shareholders’ wealth. On February 15, the company announced that it raised its quarterly dividend rate 5.5% to $0.96 from $0.91 paid
The fourth-quarter results posted yesterday by XPO Logistics, Inc. (NYSE: XPO) reveal as much about Amazon.com, Inc.'s logistics intentions as they do about XPO's outlook. XPO's "largest customer," which the company won't identify but which everyone believes to be Amazon.com, Inc. (NASDAQ: AMZN), is taking in-house most, if not all, of its $600 million of annual spend with XPO. As a result, XPO reported that its key earnings metric – EBITDA – fell short in the fourth quarter, and that quarterly operating income in its transportation and logistics divisions declined year-over-year.
The unexpected news yesterday that David J. Bronczek would retire Feb. 28 as FedEx Corp.'s (NYSE: FDX) president and COO, as well as his departure the same day from the company's board less than three weeks after being named a director, has left people searching for answers. A sentence buried at the end of a Jan. 28 Securities and Exchange Commission filing, which disclosed Bronczek's elevation to the board, may offer a clue. Frederick W. Smith, the company's chairman, CEO and a management board member, turns 75 on Aug. 11.
shares closed down 2.5% Friday to $179.30 after the company announced that David Bronczek will step down as president and chief operating officer and will be replaced by Raj Subramaniam. The move becomes official March 1 after Bronczek, 64, made a "personal decision" to retire, the company said in a regulatory filing. Bronczek was named to the board on Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express.
FedEx Plunges 2.5% after President and COO Bronczek ResignsPresident and COO resigns Shares of FedEx (FDX) fell 2.5% on February 15 after the company revealed in an SEC (Securities and Exchange Commission) filing that its president and COO, David
XPO Logistics warned that its "largest customer" — widely seen as Amazon — is downsizing its business. XPO Logistics stock tumbled; UPS, FedEx fell.
XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds. XPO shares fell $8.53 to $51.02 a day after the company missed fourth-quarter profit targets and warned that it could lose $600 million in revenue in 2019 due to a reduction in business from its biggest customer, which XPO did not name. Current and former XPO employees as well as industry insiders told Reuters that the customer is Amazon.
Its influence continues to expand, and it seems that no sector is safe from the threat of Amazon disruption. On Friday alone, (XPO) (XPO) shares plummeted nearly 20% after the company reported a customer loss that analysts suspect is Amazon. XPO is just the most recent in a long line of companies—in a variety of sectors—that have been affected by Amazon.
Raj Subramaniam will take over as president and chief operating officer March 1, replacing David Bronczek, the shipping giant said in a statement Thursday. Bronczek had just been named to the board Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express, the company’s largest business unit.
Shares of FedEx Corp. sank 3.0% and United Parcel Service Inc. shed 1.3% in midday trade Friday, bucking the gains seen in the broader market, after fellow transportation company XPO Logisitics Inc. said its largest customer is curtailing about two-thirds of its postal injection business. XPO declined to comment on who the customer was, but J.P. Morgan analyst Brian Ossenbeck said the loss of business is likely Amazon.com Inc. taking capacity in-house. Ossenbeck said he could see FedEx and UPS shares "react negatively on the implication that Amazon is reducing third party transportation exposure." The shares were the biggest decliners in the Dow Jones Transportation Average , which rose 0.3%, compared with the Dow Jones Industrial Average's 350-point, or 1.4% gain. Meanwhile, XPO's stock tumbled 16%.
A recent bit of surprise FedEx news concerning an executive departure has FDX stock down on Friday.FedEx (NYSE:FDX) says that David J. Bronczek is retiring from his various roles at the company. This has him leaving behind the position of President and COO, as well as giving up his seat on the Board of Directors.The FedEx news doesn't provide much in the way of details as to why Bronczek is retiring from the company. Instead, it simply states that the former President and COO is doing so for his own personal reasons.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the departure of Bronczek has FDX stock down on Friday, the company already has a replacement ready to take over for him. This replacement is Raj Subramaniam, who will be taking over the roles of President and COO on March 1.Raj Subramaniam is the current President and CEO of FedEx Express. He will continue to hold this position after taking on the additional roles being left open by Bronczek's retirement. Subramaniam will also be serving as the co-President and co-CEO of FedEx Services. * 10 Hot Stocks Leading the Market's Blitz Higher "On behalf of the Board and management team, we recognize Dave for his years of service to FedEx. FedEx has a deep bench of talent, and I am confident that the transition will be seamless," Frederick W. Smith, Chairman and CEO of FedEx, said in a statement. "Raj has significant experience in many areas of our portfolio, which will be vital as he steps into this position."FDX stock was down 3% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post FedEx News: FDX Stock Slips on Executive Departure appeared first on InvestorPlace.
XPO Logistics cut guidance and said it lost profits from a large customer. Investors will believe that’s the last-mile logistic business XPO provides for Amazon.com.
The backing from Amazon will bolster Michigan-based Rivian’s plans to bring an electric truck to market in late 2020. Rivian remains in talks with General Motors Co. about the largest U.S. automaker making an investment or collaborating another way, people familiar with the matter said. Chief Executive Officer R.J. Scaringe said in his first interview since reports of Rivian’s talks with Amazon and GM surfaced earlier this week that he was seeking companies that could help the electric-vehicle maker grow.
The step back from an acquisitions strategy that helped build the company follows a weaker-than-expected earnings report and a lowered profit outlook for this year, the WSJ Logistics Report’s Jennifer Smith writes, the latest signs of wavering growth at the business. Industry analysts believe that’s likely Amazon, which is bringing more of its logistics operations in-house. The company’s decision to abandon its multi-headed headquarters move into New York marks a retreat in the face of stiff opposition from some local politicians, the WSJ’s Laura Stevens, Jimmy Vielkind and Katie Honan report.
A case of a lost package escalates when it’s housing tens of thousands of dollars worth of Rolex watches – like the $20,000 Rolex Yachtmaster, complete with an “oyster bracelet.”