FedEx (FDX) has seen some divergence with its competitor UPS (UPS). The FDX stock price is down over 35% year-to-date. “Consumer social media mentions of completing a transaction online is seeing seasonal weakness likely due to inflation. There is continued unwinding of pandemic behaviors. Therefore, consumers are opting to shop in-store this year for the holidays. Are customers wanting to save on shipping costs? FedEx (FDX) tends to specialize in larger items like furniture and appliances. FedEx is lagging behind UPS in terms of purchase intent and consumer happiness,” says LikeFolio’s Megan Brantley. Tom White and Kevin Hincks weigh in on U.S. versus international shipping options.
Fast Market
19 Dec 2022
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