Investors are currently limited to the iShares Dow Jones Transports (IYT) as a transport ETF option with net assets of $698 million and 20 component stocks (stats as of 8/8/08 from the iShares website ). The top five holdings account for 43.2% of invested assets and include the following: Burlington Northern Santa Fe (BNI, 10.7%), Union Pacific (UNP, 9.6%), FedEx (FDX, 9.1%), Overseas Shipholding Group (OSG, 6.9%), and United Parcel (UPS, 6.9%). In addition, the iShares Dow Transports ETF also includes three passenger airlines: AMR Corp. (AMR), Continental (CAL), and JetBlue (JBLU); alth...
Fuel surcharges will lag record high fuel costs and the weak economy will hurt LTL freight, US express, and copy services. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to se...
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Kinko’s. The FedEx Express segment offers various shipping services for the delivery of packages and freight. This segment also provides international trade services specializing in customs brokerage and global cargo distribution; international trade advisory services; and publishes customs duty and tax information, as well as provides Global Trade Data, an information tool that allows customers to ...
Oil prices fell Thursday on inventory news that should have been very bullish. Often tops and bottoms occur when stock price action diverges with the news, like we saw yesterday.
This article explains some methods that should profit from falling oil prices without the risk of shorting futures or even the need to open a futures account.
First, do you think Oil prices have peaked? Do you think gasoline prices peaked near Memorial Day, the traditional start of the summer driving season? Gasoline prices here in California often peak on Memorial Day.
FedEx Corporation (FDX) is facing a perfect storm that is likely to send the stock down even further in the near future. The company already lowered its fiscal fourth quarter 2008 earnings guidance to a range of $1.45 to $1.50 per share from a range of $1.60 to $1.80 per share, citing further escalation in [...]
TheStreet.com's Jim Cramer says FedEx exposed three market fictions with its news on Friday.
Sometimes you have to wonder why some stocks just don't stay down after bad news.
Take FedEx (NYSE: FDX) (Cramer's Take). Earlier this year, the stock shed about 10% of its value when it forecast worse-than-expected earnings, citing lower volumes and higher fuel costs. It then proceeded to rally 25% from that dismal forecast even as oil went up dramatically and business in the U.S., part...
3/20 - "...management commented that they do not have as much confidence in the fourth quarter range as usual given the volatility in fuel prices. For fiscal year 2009, management guided for limited earnings growth if current fourth quarter trends continue. Management's guidance is predicated on expectations for slower U.S. GDP growth in calendar 2008 than last year. U.S. GDP grew at an average annual rate of 2.5% in 2007. Additionally, management expects the international economy to expand, albeit at a lower rate than in 2007."
"Based on our new FY08 and FY09 earnings estimates of $6.11 a...
3/20 - "FedEx's guidance is a bit of a disappointment, although on the commentary more than the net results seen ahead. It sees next quarter estimates at $1.60 to $1.80 vs. $1.95 estimates. But its guidance is based on the assumption so long as the economy doesn't weaken further and so long as fuel prices don't rise further."
"The company is also cutting its FedEx Kinko's expansion rates in the U.S. this year, which sounds a lot like a coffee company we all know. FedEx also noted that growth looks very limited in 2008."
The market opened under a bit of selling pressure, but that has since reversed. The oil inventory data released this morning showed a build in supplies. That pushed oil prices lower, and helped lift stocks.
The market also got a boost from Home Depot (HD) seeling its supply business and announcing a $22.5 billion stock buyback. Morgan Stanley (MS) reported strong earnings and revenues, while FedEx (FDX) reported disappointing earnings results. But FDX stock is trading higher on the news, which implies the stock had already priced in this report.
FedEx Corp. said it will offer next-business-day domestic express service in China beginning later this month, hoping to tap further into China's booming economy.
"We are well-positioned to capitalize on China's transition to a consumer economy through its rapidly growing middle class," Michael L. Ducker, president of FedEx Express International, said in a statement.
Many portfolios lost significant money in the market over the past couple of days, but it has presented a golden opportunity to invest in proven companies. FDX has a great market share, and a is positioned to move back to preslump values. Invest and hold tight; if the price drops tomorrow reinvest, and wait for the upswing.
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