FedEx Corp (FDX)

[iam802]

FDX just gap up on opening and break through the kumo resistance.

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With this, it has break through the resistance level at 74.43 on the Daily Chart ( a level that goes back to last Novemeber).



On the Weekly chart, it is even more positive. The level has just help push it out of the kumo resistance. In other words, we have bullish signals on both the Daily and Weekly charts for FedEx (FDX).

[winston]

Negative comments from Fedex on their future healthcare cost as a result of Healthcare reform.

Last quarter, I thought the companies would put aside one-time charges. Looks like they are now starting to address the issue, slowly but surely.

[iam802]

FedEx raises outlook (<< 802 : despite this positive news, the overall market isn't moving much..pretty flat to me)

http://finance.yahoo.com/news/FedEx-rai ... l?x=0&.v=3

NEW YORK (Reuters) - FedEx Corp (NYSE:FDX - News) raised its outlook on Monday on strong volume growth, giving a boost both to its own shares and to the broader market as investors acted on hopes that the economy is stronger than they had thought.

FedEx's shares were up over 5 percent after the economic bellwether said more packages are flowing through both its air and ground networks, said BB&T Capital Markets analyst Kevin Sterling.

"This is macro-related," he said. "It's a volume-driven story."

FedEx now expects fiscal 2011 earnings of $4.60 per share to $5.20 per share, up from its previous forecast of $4.40 to $5.00, the company said in a statement.

Analysts on average were expecting $4.98 per share, according to Thomson Reuters I/B/E/S.

The company expects its premium "International Priority" service to grow more than 20 percent in the first quarter, the company said.

For the first quarter, ending on August 31, FedEx raised its earnings per share forecast to a range of $1.05 to $1.25, up from a prior view of 85 cents to $1.05 and ahead of analysts' estimates of $1.01.

Both FedEx and rival United Parcel Service Inc (NYSE:UPS - News) are poised to benefit from even a slow economic recovery because during the downturn, they cut expenses and became more efficient, said Sterling, who has a "buy" rating on FedEx and a $100 price target. "They're getting volume, which is growing the top line, and they've got leverage on the bottom line."

UPS shares also rose last week when the company raised its outlook while reporting second-quarter earnings.

Memphis, Tennessee-based FedEx also said it would restore its company match for 401(k) plans effective January 1, another sign of confidence, Sterling noted.

"We continue to like both FedEx and UPS as we see strong leverage to volume growth amidst a more stable pricing environment," Deutsche Bank analyst Justin Yagerman wrote in a note to clients. He has a "buy" on FedEx as well.

[winston]

Not vested

FedEx 1Q profit doubles; will cut 1,700 jobs
Sep 16, 2010 07:46 EDT

FedEx says its fiscal first-quarter earnings doubled and the company will cut 1,700 jobs as it consolidates its trucking operations to save money.

The company is also boosting its quarterly per share outlook to between $1.15 and $1.35, from $1.05 to $1.25.

The Memphis, Tenn., company earned $380 million, or $1.20 per share, compared with $181 million, or 58 cents per share a year ago.

Revenue rose 18 percent to $9.46 billion.

FedEx will combine its FedEx Freight and FedEx National LTL operations on Jan. 30, closing 100 facilities and cutting 1,700 workers. FedEx Corp. says the move, along with other cost cuts, will ensure it's profitable next year.

FedEx shares fell $2.27, or 2.6 percent, to $83.67 in pre-market trading.

Source: AP News

[iam802]

Business slowing...

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FedEx reduce full year earnings forecast.

http://www.bloomberg.com/news/2011-09-2 ... cline.html

[winston]

Fedex to cut thousands from workforce

Fedex, the global delivery company, said Wednesday it was planning to cut "several thousand" people from its workforce via a voluntary departure program beginning early next year.

Company chairman Fred Smith said at an investment conference in Memphis, Tennessee, that the cuts would come in the company's Fedex Express global express delivery service, and in the US unit, Fedex Services.

The cuts are part of a plan to boost profits by $1.7 billion by 2016, mainly through intensified cost reductions.

They also come in the wake of the company's warnings that its business is being hit by the global economic slowdown.

The company gave no specific number on the staff reductions, but emphasized they would be voluntary.

"Our overall strategy is closely tied to effective yield management," Smith said in a statement ahead of the conference.

"The key is striking the right balance between volume growth and yield improvements. With slow economic growth, however, the cost reduction programs... are also essential to achieve our financial goals."


Source: AFP Global Edition

[winston]

What is FedEx Telling us About the Global Economy? by Cullen Roche

Everyone always thinks that Alcoa kicks off the earnings season, but I don’t see it that way. The real earnings season kicks off with FedEx who usually reports well in advance of Alcoa and gives us a much more meaningful look into the state of the economy.

So what’s the global bellwether telling us? Here are some of the key highlights from their earnings report yesterday and the conference call:

■ Guidance for the full-year was in-line with expectations after last quarter’s big cut. That could mean things are a bit more stable. The outlook certainly isn’t deteriorating much.

■ Mike Glenn said they still see growth in the global economy:

■ The European economy remains “weak”.

■ High oil prices remain a big risk to their expenses and margins.

■ Political uncertainty is not helping matters:

“the mounting uncertainty in the U.S. related to fiscal policies and their potential to impact earnings by further restraining economic growth is a concern.”

■ Operating margins were down just slightly.

■ Revenues were decent at 5% year over year.

■ Total US Domestic package shipments were down -2%. This is an improvement over the last two quarters and more consistent with the low, but not negative economic growth we’re seeing in the US at present.

http://pragcap.com/what-is-fedex-tellin ... al-economy

[iam802]

FedEx earning calls just concluded.

Key point from CFO, Alan Graf

Graf: "Higher weight per shipment, LTL yields and average daily LTL shipments improved income at Freight.

Graf: "Express Q1 operating income grew 14% and operating margin improved 50 basis points year-over-year"

Graf: "As part of our profit improvement program, we are continuing to evaluate further cost reduction actions… at Express"

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[winston]

not vested

ANOTHER GOOD SIGN FOR THE U.S. ECONOMY

The world's largest shipper just broke out to a new high... and that's good for America.

Over the past few years, we've profiled the soaring bull markets in construction stocks, bank stocks, and entertainment stocks.

We figure that if these sectors are enjoying rising profits and soaring stock prices, the economy can't be doing all that bad.

Today's chart looks at the surging share price of FedEx (FDX). FedEx is the world's largest shipping company.

It employs an army of employees and fleets of planes and trucks to deliver manufactured goods. Therefore, its business rises and falls with the strength of the economy.

As you can see below, business is improving. After about six months of moving sideways, FedEx shares just broke out to a new all-time high. It's more proof that the economy may not be booming, but it sure isn't busting.

source: Daily Wealth

[winston]

Four Reasons to Buy FedEx Corporation

By Faisal Humayun

Source: GuruFocus

http://www.thetradingreport.com/2015/09 ... rporation/