FDX
📉 FedEx’s stock is down, with guidance that is not at all positive, raising concerns about its short-term performance.
⏳ The company announced a spin-off, but it is believed that it may happen in a year, creating a potential special investment situation.
⚠️ Technically speaking, FedEx has strong support at $238, but its cyclical nature and role as an economic thermometer warrant caution.
@bernardodegarcia:
“FedEx guidance is not at all positive. FedEx is very interesting to me. It announced the spin-off, but I think it may happen in a year, and the stocks jumped just because, 10%, only to end up correcting. Now, yes, it might be interesting if we want to invest in this special situation. Notice that, technically speaking, FedEx at 238 holds very well. Where is it trading right now? Where is it trading right now? Where is the fly? Kii, where is the fly? Kaki, at 238. 238, it has no qualms about going below. I wish, I wish, 238, 225 would be fantastic. But, you know, these companies are quite cyclical and are like a half-thermometer of the US economy and so on.”
In @bernardodegarcia’s video, viewers can see the exact part of the YouTube video where FedEx is discussed:
View the video on YouTube.
Read more articles analyzing FedEx (FDX) at the provided link. FDX stock.
