HomeBusinessIndustrialsFedEx (FDX) Results Signaling A Global Recession?
FedEx (FDX) Results Signaling A Global Recession?

FedEx (FDX) issued preliminary results that indicated that the shipping giant expects first quarter revenue of around $23.2B and first quarter adjusted earnings to be approximately $3.44 per share. FedEx (FDX) said that it was hit by lower volumes globally and blamed macroeconomic weakness in Asia and service challenges in Europe. FDX stock price plummeted following the news and dragged down competitors like United Parcel Service (UPS), Amazon (AMZN), and Packaging Corp Of America (PKG). Jenny Horne weighs in on the fallout as this could be a signal of a global recession. Then, Alex Coffey discusses an example skewed put butterfly option trade with a neutral to bullish direction.

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