April home prices came down slightly to +6.3% according to Case-Shiller data. FedEx is expected to fetch +8% earnings growth.
Key Economic Data to Deluge Market This week.
Reports this week will help inform the Fed on how to adjust inflation rates in the (near?) future.
Investors need to pay close attention to FedEx (FDX) stock based on the movements in the options market lately.
FedEx Corporation FDX will release its fourth quarter financial results, after the closing bell on Tuesday.
The Street is seeing the first expected, positive yoy growth since mid-22 for FedEx's revenue, operating income, and earnings per share when the company reports its Q4 2024 earnings this week. CEO Raj Subramaniam in the last 18 months has said that FedEx's goal is for consistent (within reason) 10% operating margin over time, but I think Raj and the FedEx management team will have to do better than that for shareholders. The US and the rest of the world are returning to a more normal ecommerce and freight delivery market the last 24 months, and FedEx will be greatly served to continue to rationalize margins and push for better efficiencies.
The Fed's inflation measure is expected to be up 2.6% in a year. Earnings from Nike, Carnival, Micron, FedEx, and Walgreens.
Realty Income can be a great source of monthly income for investors, especially with its yield currently beating the S&P 500 average. Target has an impressive track record for dividend growth, as its streak recently hit 53 straight years of increases.
After a week of firsts, Nike, FedEx and Micron Technology are leading the stock market through the last week to midyear.
FedEx (NYSE: FDX) is scheduled to report its fiscal Q4 2024 results on Tuesday, June 25 (FedEx's fiscal ends in May). We expect FDX stock to trade higher post the Q4 announcement, with its revenue and earnings expected to be above the street estimates.
Revenue weakness due to lower demand is likely to hurt FedEx's (FDX) Q4 results.
Evaluate the expected performance of FedEx (FDX) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.