Good MorningThe Dow Jones Industrial Average (DJIA) pulled back from its intraday high but still finished in the green, leading the entire market to its third straight week of gains. Gold closed down from the all-time high it made earlier in the week.
The catalyst for stocks was the latest reading of the PCE index, which came in slightly cooler than expectations. The PCE is the Federal Reserve’s preferred measure of inflation. Investors believe that if inflation growth remains under control, the Federal Reserve will continue its soft landing posture and lower interest rates at its last two meetings of the year.
With only one trading day left in the month, September has surprised investors with strong gains. However, next week’s job report and continued geopolitical uncertainty may give investors an October surprise in the form of increased market volatility and increased concerns about a recession in 2025. Featured: Who are Nvidia’s New Silent Partners? (Weiss Ratings) 
|
Stocks | | | Wall Street closed its latest winning month and quarter with more records on Monday. The drift higher for U.S. stocks followed a wild start to the week for financial markets in Asia, where Japanese stocks tumbled and Chinese indexes soared.The S&P 500 climbed 0.4% to an all-time high and clinche... Read the Full Story |
|
From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
A predicted Trump would win.
You won’t believe what he’s predicting now. | | | | Click here to see it because it’s a SHOCKER… |
|
Markets | | |
In recent years, high short-interest stocks have become the playground for retail traders and investors, leading to massive rallies and squeezes. These speculative names, driven by a combination of social media buzz and perceived market inefficiencies, showcase extreme volatility, providing trader... Read the Full Story |
|
Markets | | |
Investors now have one more item and trend to worry about in the stock market: how lower interest rates set by the Federal Reserve (the Fed) might affect the future growth prospects for different companies, especially those that rely on steady cash flows to pay out dividends. Historically, lower r... Read the Full Story |
|
From Our PartnersToday, I’m warning of another looming catastrophe.
Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out.
You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy...
There's also no escaping that The Big AI Die-Up is coming. | | | | So go here now to read my new report The Big AI Die-Up… while you still can. |
|
Markets | | |
Shares of CarMax Inc. (NYSE: KMX) jumped by over 15.3% in a single day following the company’s latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars. This divergence dri... Read the Full Story |
|
Stocks | | | U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession.The S&P 500 edged down by 0.1% from its all-time high set the day before, its 42nd... Read the Full Story |
|
From Our PartnersIf you don’t know me, I’ve been in the markets for over 40 years… but recently, I’ve discovered a breakthrough that might be my favorite strategy of ALL time!
While I kept the finer details of these $0.25 Cent Trades under wraps until recently… | | | | Click now to see for yourself what $0.25 Cent Trades is all about |
|
Stocks | | |
The consumer discretionary sector includes industries like retail, restaurants, and leisure and the sector is often viewed as a bellwether for economic health. As consumer confidence rises and disposable income increases, spending in these areas tends to follow suit. Recent data points to a positi... Read the Full Story |
|
Markets | | | China's economy weakened further in recent weeks, according to surveys released Monday, signaling the need for more support as the government ratchets up stimulus. The Caixin purchasing managers survey showed new manufacturing orders fell at the fastest pace in two years in September.“Operating cond... Read the Full Story |
|
Markets | | | Thinner benefits and coverage changes await many older Americans shopping for health insurance this fall. That’s if their plan is even still available in 2025.More than a million people will probably have to find new coverage as major insurers cut costs and pull back from markets for Medicare Advant... Read the Full Story |
|
Markets | | |
Centessa Pharmaceuticals (NASDAQ: CNTA) is a biotechnology stock that has nearly doubled its value so far this year, and its run may not be over. Analysts at Morgan Stanley have just massively raised their price target for the company. The re-rating from $11 per share to $26 per s... Read the Full Story |
|
Markets | | | The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous mo... Read the Full Story |
|
Monday's Early Bird Stock Of The Day FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services. The FedEx Ground segment provides small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight transportation services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. In addition, the company offers supply chain management solutions; and air and ocean cargo transportation, specialty transportation, customs brokerage, and trade management tools and data. The company was founded in 1971 and is headquartered in Memphis, Tennessee. | Should I Buy FedEx Stock? FDX Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of FedEx was last updated on Friday, December 13, 2024 at 1:06 AM.
Pros-
Current stock price is $281.08, which is relatively stable compared to its 12-month high of $313.84, indicating potential for recovery and growth.
-
FedEx Co. has a solid quick ratio of 1.24 and a current ratio of 1.28, suggesting good short-term financial health and ability to meet its short-term obligations.
-
The company recently announced a quarterly dividend of $1.38 per share, translating to an annualized dividend yield of approximately 1.96%, providing a steady income stream for investors.
-
Despite a slight revenue decline of 0.5% year-over-year, FedEx reported a revenue of $21.58 billion, which is substantial and indicates strong market presence.
-
Analysts maintain a consensus rating of "Moderate Buy" with a price target of $316.68, suggesting that there is optimism about the stock's future performance.
Cons-
FedEx reported earnings per share of $3.60, missing the consensus estimate of $4.82 by $1.22, which may raise concerns about its profitability and operational efficiency.
-
The company has a debt-to-equity ratio of 0.72, indicating a moderate level of debt, which could pose risks if market conditions worsen.
-
Recent downgrades from several analysts, including a reduction in price targets, suggest a lack of confidence in the stock's near-term performance.
-
FedEx's net margin of 4.62% is relatively low, which may indicate challenges in maintaining profitability amidst competitive pressures.
-
Revenue expectations for the current fiscal year are projected at $19.59 earnings per share, which may reflect slower growth compared to previous periods.
| | View Today's Stock Pick |
|
