U.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year.
FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
FedEx had an operating margin of 7.1% with a net income of $1.23 billion. That represents a net income jump of 119% year-over-year.
FedEx stated that freight supporting ground and express during peak time achieved the best second-quarter operating margin since 2006.
In this video are my thoughts on FedEx and what is most likely to happen with support and resistance price points.
Comment
⋅
This was my first video. How did I do? Did you find any value?
I did miss speak at one point saying UPS when I meant to say FedEx.
This is a great video and I really gained a lot. I plan on buying some 4/16 290C because I think it is currently trading around good support levels and has had a decent pull back.