HomeBusinessTransportationFedEx (FDX) Plummets Following Preliminary Earnings
FedEx (FDX) Plummets Following Preliminary Earnings

FedEx (FDX) plummets following its preliminary earnings report. Scott A. Schneeberger discusses FDX and compares it to other transport stocks such as UPS Inc. (UPS), Union Pacific (UNP), and CSX Corp. (CSX), as well as packaging stocks Packaging Corp. (PKG) and Amazon (AMZN). He also talks about how FDX maps out its cost-cutting plan and withdraws its fiscal year 2023 earnings forecast. Finally, he notes that Oppenheimer has perform rating on FDX. Tune in to find out more.

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16 Sep 2022

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