FedEx Corp (FDX) -4.13%
FedEx has fallen over 17 percent in the last two sessions in response to the company cutting its annual profit outlook due to dwindling demand. The company commented that despite a meaningful decline in fuel and the domestic exodus of DHL, significantly weaker macroeconomic conditions are offsetting any potential benefit.
During its 35-year history, FedEx has weathered multiple economic cycles and oil supply crises. While short-term results may suffer, the firm’s powerful network is here to stay.
Arch Coal (ACI) +10.34%, Peabody Energy (BTU) +19.07%
Coal producers advanced as the fuel rose to the highest in seven days in Europe, spurred by an increase in the cost to ship it.
Quick Hits
- Table from Bloomberg listing companies that may financially benefit from Obama spending plan
- P&G and Wal-Mart’s Impact
Peter Lazaroff, Junior Analyst
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