The Latest Breaking News from FDX

Futures were mixed Wednesday as Nvidia and AMD fell on an AI chip export ban report.

Fedex is due to report earnings after the close on Tuesday. The Barchart Technical Opinion rating is an 88% Buy with a Strengthening short term outlook on maintaining the current direction.

FedEx hiked its dividend and will embark on a major reorganization, part of its plan to slash billions of dollars in costs. FDX stock jumped out of a buy zone.

Macroeconomic challenges have put pressure on the volumes of logistics companies, leading to a decline in the revenue and earnings for United Parcel Service (UPS) and FedEx (FDX). However, as volumes start improving, which of these two stocks is the better buy now? Let’s find out….

FedEx earnings topped views, with the delivery giant also raising EPS guidance as cost costs offset demand weakness. FDX stock soared Friday.

FedEx advanced Thursday as analysts have upgraded the stock to a buy.

FedEx earnings reported late Tuesday fell less than expected. FDX stock is testing support, up 17% from a late September low.

In total, the iron condor will generate around $1.30 per contract or $130 of premium.

Despite widespread macro headwinds, lucrative federal investments in the U.S. transportation infrastructure are expected to bode well for the freight and logistics industry, which possesses a significantly positive outlook. FedEx (FDX) and United Parcel Service (UPS) are slated to be primary beneficiaries. But which of these stocks is the better…