Shares in FedEX are still up about 13% YTD despite a nearly 15% decline over the past month. The strong performance has been boosted by ongoing strength in FedEX's main express segment, due to higher revenues per package and higher U.S. volumes. I expect the recent spinoff of the freight segment, which just completed on June 1, to benefit FedEX's remaining businesses.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
FDX's consistent efforts to reward its shareholders through dividend hikes highlight its financial bliss.
FedEx pilots have ratified a new deal that would raise their wages by about 40% this year, their union said on Tuesday, following nearly five years of negotiations with the parcel delivery company.
FedEx Freight (NYSE:FDXF) shares traded around $152 on Tuesday afternoon after Bank of America initiated coverage of the newly independent less-than-truckload (LTL) carrier with a ‘Buy' rating and a $185 price target. The initiation comes one day after FedEx Freight was spun off from FedEx Corp (NYSE:FDX, XETRA:FDX), with FedEx retaining a 19.9% ownership stake.
Investors need to pay close attention to FDX stock based on the movements in the options market lately.
In the latest trading session, FedEx (FDX) closed at $338.49, marking a -17.79% move from the previous day.
After two years of testing, “the technology is there,” says CEO John Smith. Now the ball is in the regulators' court.
FedEx (FDX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
FedEx Freight completed its spin-off from FedEx and will begin trading on the New York Stock Exchange (NYSE) Monday (June 1) under the ticker symbol “FDFX.
Shares of FedEx (FDX) rose on Wednesday after JPMorgan upgraded the shipping giant ahead of the planned separation of its freight business. Analysts believe the move could unlock additional shareholder value and improve transparency across the company's operations.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.