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Fedexlong

FedEx Stock Soars on Strong Results, Potential SpinoffFedEx's (FDX) fiscal Q4 results exceeded analyst expectations, propelling its stock towards a potential all-time high. This momentum is driven by several key factors: Margin Expansion via DRIVE Program: Despite tepid revenue growth, FedEx's DRIVE program delivered significant cost reductions, leading to margin improvement across segments. Cautiously Optimistic Guidance: The company forecasts low-to-mid single-digit revenue growth for fiscal 2025, accompanied by continued margin expansion. This cautious optimism reflects strategic initiatives aimed at maximizing profitability. Analyst Revisions and Price Target Increases: The success of the DRIVE program and FedEx's shift toward profitable growth have garnered positive analyst revisions, including price target increases. Potential Spinoff of FedEx Freight: The company's ongoing evaluation of FedEx Freight's role within its portfolio has sparked speculation about a potential spinoff. This scenario has the potential to unlock significant shareholder value. Looking forward, FedEx's fiscal 2025 outlook remains optimistic. The company projects low-to-mid single-digit revenue growth and adjusted EPS of $20.00-$22.00. Furthermore, FedEx plans to repurchase $2.5 billion in stock and achieve its $4 billion cost-cutting target through the DRIVE program. In conclusion, FedEx's strategic focus on operational efficiency, the success of the DRIVE program, and the potential for a FedEx Freight spinoff combine to create a compelling investment opportunity. This confluence of factors positions FDX for a strong year with the potential to reach new highs.
NYSE:FDXLong
by signalmastermind
FedEx's Resilience and Strategic Moves Position it for Growth In the face of various challenges, FedEx Corporation (NYSE: NYSE:FDX ) showcased resilience and strategic adaptability during the second quarter of fiscal year 2024. The company reported a mixed performance across its segments, with some facing revenue declines while others experienced growth. Here's a detailed analysis of the key factors influencing FedEx's current status and a glimpse into why the company may see a spike in the future. Segmental Performance: 1. FedEx Express: - Revenues fell by 6% YoY to $10,254 million, primarily due to volume declines, lower fuel surcharges, and a shift towards lower-yielding services. - Operating income dropped by 60% YoY, reflecting lower revenues, but partially offset by reduced operating expenses. 2. FedEx Ground: - Revenues increased by 3% YoY to $8,639 million, driven by higher yield. - Operating income surged by 51% YoY, attributed to yield improvement, cost reductions, and higher volumes. - Cost per package declined by 2%, thanks to lower line-haul expenses and improved productivity. 3. FedEx Freight: - Revenues declined by 4% to $2,360 million, while operating income grew by 11% YoY, supported by higher yield and increased efficiency despite lower shipments. Liquidity: - FedEx ended Q2 FY2024 with $6,729 million in cash and cash equivalents. - Long-term debt stood at $20,193 million. Strategic Moves: - Completed a $500 million accelerated share repurchase (ASR) transaction, reducing outstanding shares and positively impacting Q2 results. - Capital expenditures for Q2 FY2024 were $1,305 million. Outlook and Guidance: - Revised guidance for 2024 includes an expected decline in revenues by a low-single-digit percentage. - Adjusted earnings per share (EPS) are projected to be in the range of $15.35-$16.85, with a continued focus on business optimization initiatives. - Capital spending for fiscal 2024 is anticipated to be $5.7 billion. - The company aims to repurchase an additional $1 billion of common stock during fiscal 2024. Strengths of FedEx: - Diversified Portfolio: The company operates in multiple segments, mitigating risks associated with fluctuations in specific markets. - Cost Efficiency: FedEx's focus on cost reductions and operational efficiency contributed to improved operating income in certain segments. - Strategic Repurchases: The recent share repurchase and the plan for an additional $1 billion buyback demonstrate confidence in the company's value. Why FedEx May Rise Again: - Resilience Amid Challenges: Despite headwinds, NYSE:FDX has demonstrated resilience and adaptability in optimizing operations. - Strategic Guidance: The company's revised guidance, with an increased EPS range, signals confidence in its ability to navigate challenges and capitalize on opportunities. - Share Repurchase Program: The ongoing commitment to repurchasing shares reflects management's belief in the company's long-term prospects. FedEx's strategic moves, financial resilience, and diversified portfolio position the company for future growth. While challenges persist, the company's proactive measures and revised guidance suggest a positive outlook, potentially paving the way for a resurgence in market confidence and a spike in FedEx's performance. Technical Analysis Investors have paid higher prices over time to buy FedEx and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock is moving within a rectangle formation between support at 232 and resistance at 282. A decisive break through one of these levels indicates the new direction for the stock. The stock has support at dollar 230 and resistance at dollar 268. Negative volume balance weakens the stock in the short term.
NYSE:FDXLong
by DEXWireNews
Buying FedEx at previous resistance.FedEx Corporation - 30d expiry - We look to Buy at 232.11 (stop at 224.61) Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. A lower correction is expected. Bespoke support is located at 232. This stock has seen good sales growth. Our profit targets will be 250.11 and 253.11 Resistance: 250.08 / 255.00 / 260.00 Support: 245.09 / 238.00 / 232.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:FDXLong
by VantageMarkets
Buying FedEx at psychological support.FedEx Corporation - 30d expiry - We look to Buy at 200.11 (stop at 190.48) Daily signals are bullish. Levels below 200 continue to attract buyers. Trading close to the psychological 200 level. Bespoke support is located at 200. We look to buy dips. A higher correction is expected. Trading has been mixed and volatile. This stock has seen good sales growth. Our profit targets will be 224.22 and 228.22 Resistance: 227.26 / 240.00 / 249.00 Support: 215.00 / 206.00 / 200.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets
FedEx looking for a psychological support.FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73) Traded to the highest level in 22 weeks. Trading close to the psychological 200 level. Levels below 200 continue to attract buyers. We are trading at overbought extremes. A lower correction is expected. The sequence for trading is higher highs and lows. Our profit targets will be 225.48 and 229.48 Resistance: 217.39 / 225.00 / 230.00 Support: 209.19 / 200.00 / 192.81 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets
FDX: Overreaction?FedEx Corporation Short Term - We look to Buy at 161.03 (stop at 148.79) The company gave a bleak outlook for profits and plunged in the premarket by 20% .We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected. Our profit targets will be 206.12 and 215.00 Resistance: 200.00 / 240.00 / 320.00 Support: 160.00 / 130.00 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets