Fedex Q2 2021 earnings beat.Fedex (FDX) reported 2nd Quarter November 2021 earnings of $4.83 per share. The consensus earnings estimate was $4.23 per share on revenue of $22.4 billion. The company said it expects fiscal 2022 earnings of $20.50 to $21.50 per share, excluding items. The company's previous guidance was earnings of $19.75 to $21.00 per share and the current consensus earnings estimate is $19.49 per share for the year ending May 31, 2022. New $5 Billion Share Repurchase Program Authorized, including $1.5 Billion Accelerated Share Repurchase Program.
Q2 November 2021
EPS = $4.83
Revenue = $22.4B
P/E = 12.793
Div/yld = 1.163
price levels on the 1day chart
EMA200 = $255.86
EMA150 = $255.05
EMA100 = $250.15
EMA50 = $243.22
Trend channel
breakout = $258.72
R3 = $255.45
R2 = $251.78
R1 = $247.71
pivot = $244.44
S1 = $240.77
S2 = $236.70
S3 = $233.43
breakdown = $229.76
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
FDX trade ideas
FDXDISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks,
expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision,
or contact the specialists’ institutions. Thank you
FEDEX DEFINITELY A BULLISH REVERSAL PATTERN 1. BROKE RESISTANCE $241.49
2. CLOSED ABOVE EMA 50 ON DAILY
3. THE NEWS
Cargo Force Wins $100 Million Postal Service Contract for Priority Mail
Cargo Force, which provides terminal handling services for U.S. Postal Service parcels moving by air via FedEx Express (NYSE:FDX), said Friday it is opening four new facilities to support express mail service after winning a seven-year, $100 million contract.
The new facilities in Seattle, San Diego, Detroit, and Orlando, Florida, cover 173,000 square feet in total and will create 255 jobs across the four sites, the company said. The contract also renews service in Jacksonville, Florida, and Omaha, Nebraska.
Last year, Cargo Force also won a large Postal Service contract to process Priority Mail in Milwaukee, Pittsburgh, Boston, and Tampa, Florida. It now operates 14 airport facilities around the country to support the Postal Service.
Cargo Force is owned by investment firms Audax Private Equity and Greenbrier Equity Group. Sister company Alliance Ground International manages cargo operations for airlines at airports around the country and provides other services, such as de-icing aircraft and staffing ticket counters in passenger terminals.
Miami-based Cargo Force processes about 300 million pounds of Priority Mail, according to its website.
Local mail plants send Priority mail to Cargo Force warehouses, where it is scanned and sorted by destination, packed into containers, and tendered to FedEx. After FedEx flies the shipment to the destination city, Cargo Force retrieves and unpacks the containers, sorts and scans the mail by ZIP code, and delivers it to local mail centers. Postal drivers then carry the individual parcels to homes and businesses.
The Seattle-Tacoma facility opened Oct. 4 and the other locations will open Nov. 1, the company said.
FDX - LONG When the times come.FDX was oversold not long ago and it's still under its Fair Value.
I expect the shipping companies to make bank this holiday's quarter., especially after raising shipping prices. Black Friday and Christmas are going to ramp up the e-commerce once again.
However, I'll be patiently waiting to enter around the 227-226 (~0.618 fib) level and go long and enjoy the ride all the way to 252. Timeframe to take profit, maybe around February-March and if things go south (because we never know) my stop loss will be triggered right below 215.
This is not financial advise, always trade at your own risk and remember to manage it well.
$FDX - death cross near but could have bottomedFDX has had recent issues with labor costs that drove the stock down. Strong day yesterday though and more consolidation from that move today. Death cross (100EMA crosses below 200EMA) is near and normally a bad sign. With this company already down 25%, it seems like the selling should be over. Keep your stops close though because if this is not the bottom, another 10% or so down is expected.
FDX OversoldFDX is oversold on the daily with the RSI sitting at a whopping 17. Too far gone and expect a bounce like most names that sold off the last two weeks. There is a healthy gap above that can fill, especially with the holiday season coming up. Trade is invalidated with a daily close below $217