FDX Short after ER. FDX closed out today at a key level. Keep an eye out too see what happens tomorrow. After hours we are looking a small red. We are sitting at a key pivot point
Comment:
Shares of Fed Ex (FDX) are coming under pressure this morning despite posting record results of $20 billion in sales over the previous quarter along with a 114% jump in earnings power. Revenue climbed nearly 20% compared to the same timeframe last year with earnings stretching to an impressive $1.23 billion over the past three months. Shipping quantities jumped 29% since September with higher rates and fees applied to help cover increased expenses. Shares had been up nearly 93% so far in 2020 as consumers’ daily habits changed dramatically amid the breakout. Shares of FDX are down nearly 3% ahead of the opening bell as future guidance was withheld.