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While the markets are generally fixated on what the Magnificent Seven is doing in terms of first-quarter earnings, there are other names investors may want to track. This morning's earnings bonanza was highlighted by names like Coca-Cola (KO), BP p.lc.
Recent tariff news has caused a broad shock across the market, including international investments, the retail and manufacturing sector, and even ethereum. As a former transportation analyst, its effect on the transportation sector has caught my attention.
The holiday shopping season in recent years kicked off with a five-day weekend that began on Thanksgiving and wrapped up on Cyber Monday. According to the National Retail Federation, roughly 197 million shoppers participated in the retail frenzy this year.
The pandemic was a wake-up call for many companies, highlighting the fragility of their supply chains. After the pandemic, nearshoring, or the act of moving business production closer to home to neighboring countries, has become an important disruptive theme.
Following the strong Q3 results, FDX shares jumped 13% in after-market trade on elevated volume on mar 21.
FedEx (FDX) missed both earnings and revenue estimates for fiscal 2024 and cut the revenue guidance for the fiscal year on an expected drop in demand from the U.S. Postal Service.
The National Retail Foundation came out with its holiday sales projections for 2023 and expects retail to increase 3-4% over last year. But much of that growth comes from online retail and other nonstore sales.
FedEx (FDX) topped earnings estimates but missed on revenues. It provided upbeat guidance for the fiscal year despite the ongoing demand weakness.