Fedex is feeling the pinch of a global slowdown, as other companies have been warning. The companies says online shopping is down as consumers rather spend their time traveling and going to concerts with their disposable dollars.
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%...
Life is not only about trading but also about English speaking practicing lol. This is my 1st try for an English video idea, as this set-up is so good that worth a shot! I'll be waiting for the 161-162 spot to long, and I would take this trade without leverage and take it as a 7% risk trade! Let's see how it goes yo!