242.50 -0.38 (-0.16%)
After hours: 7:18PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||238.64 - 243.51|
|52 Week Range||214.17 - 274.66|
|PE Ratio (TTM)||14.47|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.02%)|
|1y Target Est||287.08|
August was another strong order month for aircraft makers. Boeing (BA) booked 99 aircraft orders in August, most of which came from the 737 Max family with 90 orders. After cancellations, the company is left with 94 net orders.
One day prior to the start of the PGA TOUR’s TOUR Championship at East Lake Golf Club in Atlanta, teen entrepreneurs myCryptoHippo from JA of Central Ontario won the second annual FedEx Junior Business Challenge program for their business presentation and secured a $75,000 donation from FedEx to further support youth entrepreneurship.
For the past few years, Boeing (BA) has been behind Airbus in the order booking race. However, Boeing seems set on breaking that record in 2018.
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of Philip Morris PM . Karen Finerman was a buyer of FedEx FDX . Steve Grasso was a buyer of General Electric GE .
Tesla shares are nothing more than a trade for an inexperienced day-trader hoping to be on the right side of the call over the course of the market open. You have none of that with Tesla. Who knows what the Justice Department will find in its fact-finding mission?
FedEx shares drop on a dismal first quarter report with even a Morgan Stanley analyst calling it a “messy start.” Shares of United Parcel Service was also modestly down despite announcing a new national advertising campaign. FedEx Corporation shares were tumbling on Tuesday, closing the day down 5.53% on nearly 7 million shares traded. FedEx reported earning $3.46 per share in its fiscal first quarter vs. the $3.80 that analysts had expected.
FedEx's executive VP Rajesh Subramaniam downplayed Amazon's logistics threat during the company's most recent earnings call, saying its new delivery service "should not be confused as competition with FedEx."
finished Tuesday's trading down $12.60, or 5.5%, after the firm reported earning $3.46 per share in its fiscal first quarter vs. the $3.80 that analysts had expected. "Another year, another messy start," Morgan Stanley equity analyst Ravi Shanker wrote in a note following the earnings release, lamenting the combination of mixed quarterly results but aggressive forward guidance from management. Despite missing first-quarter earnings estimates due to rising wages and tariff concerns, FedEx executives boosted EPS guidance for fiscal-year 2019 as a whole to a range of $17.20-$17.80, up from prior guidance of just $17-$17.60.
Analysts are feeling positive about cash flow at Fedex Corp. as the company begins to move on from expensive pension contributions and wage hikes that dragged down the shipping firm's latest quarterly earnings. FedEx shares tanked on Tuesday after FDX missed analysts' profit expectations for its fiscal first quarter, but those who follow the stock see brighter days ahead.
On a day stocks rose in spite of new tariff moves, FedEx fell after reporting disappointing profits and Viking Therapeutics announced surprisingly strong results from a drug trial.
The major U.S. indices closed Tuesday's session on a high note, shrugging off a new round of trade turmoil as the U.S. and China exchange threats over trade pacts. has spent years debating with financial firms over how much access the social media company should have to financial information that was transferred over its Messenger platform, according to a Wall Street Journal report. The Journal reports that as recently as last year the company haggled with financial firms for the ability to use customer data for targeted advertising purposes.
Stocks that moved substantially or traded heavily on Tuesday: Oracle Corp., down 15 cents to $49.03 The business software company reported weaker sales than analysts expected. FedEx Corp., down $14.15 ...
The stock market was modestly higher amid an exchange of tariffs between the U.S. and China. FedEx fell after its EPS report.
The U.S. will levy 10% tariffs on $200 billion worth of China-made goods, with tariffs rising to 25% by the end of 2018. China retaliated, saying it would impose $60 billion of tariffs on U.S. goods. ended slightly lower after cloud services revenue at the software giant came in below forecasts.
It may seem like more packages are landing on your doorstep than ever before, but your online shopping habit isn’t translating to profits for FedEx.
Apple (NASDAQ:AAPL) hasn’t been trading that well lately, but that’s what happens when a $1 trillion market cap stock gets bid up into a big event. After a lower high, Apple broke below its 20-day moving average. Interestingly, NFLX stock has put in a series of higher highs (purple arrows) as well as lower lows (blue arrows).
-- which is down some 5% Tuesday afternoon following disappointing earnings -- has shown a strong correlation to any bad news related to the U.S.-Chinese trade war, as the iconic American company ships packages around the world. This came into sharper focus this week as President Donald Trump announced further tariffs affecting more than $200 billion in Chinese exports to America. Although FDX is primarily down Tuesday due to a disappointing earnings report, the White House bluster isn't helping.
Despite that tailwind, FedEx reported weaker than expected quarterly bottom line results despite reporting stronger than expected revenue and boosting its 2019 outlook. Specifically, FedEx now sees FY2019 EPS of $17.20-$17.80 vs. its prior guidance of $17.00-$17.60 and the consensus of $17.40. While FedEx cited some modest impact was had on its business due to tariffs with China (China-U.S. bidirectional packages are 2% of FedEx revenue), it forecasted continued revenue growth ahead which reflects the shift toward digital commerce mentioned above.
Experts are increasingly worried that the ramp up in tariffs between the U.S. and China will make it more difficult to end the trade wars between the two biggest economies. Stock strategists say the market rose on a relief rally, shrugging off concerns because the tariffs are lower than expected. Stocks are shrugging off the latest round of tariffs between the U.S. and China and rallying on Tuesday, even with warnings the trade war could be more prolonged and harmful to the global economy than many investors believe.
Ryan McQueeney recaps earnings results from Oracle and FedEx, discusses Trump's new tariff announcement, and explains why Facebook and Macy's have teamed up. Later, the host is joined by Dave Bartosiak to chat about Nio, the so-called Tesla of China.
“Mercantilism does not work.” The above words from Fred Smith — founder, chairman and CEO of FedEx Corp. — during the company’s Monday earnings call once again proved, when it comes to his pro free-trade stance, Smith does not mince words. While the Memphis-based shipping and delivery giant posted relatively strong numbers for fiscal 2019, reporting revenue of $17.1 billion for the quarter — that figure was $15.3 billion in Q1 2018 — the numbers quickly became secondary. The biggest impression during the call occurred at the end, when Smith talked about current trade issues, which he called “very worrisome.” Smith referenced President Donald Trump’s plans, announced earlier that day, to impose tariffs on $200 billion worth of Chinese goods. "There is a lot of conversation about the trade issues these days," Smith said.
The fiscal first quarter was a mixed bag for FedEx (NYSE:FDX), with FedEx stock off 3.9% in afternoon trading. There was strength across the main three units of FedEx’s business. As for FedEx Ground, there was a 13% increase and FedEx Freight posted a gain of 18%.