The only sure thing...
$FedEx(FDX.US$ is a bellwether for US economy and the world as well, there are lots of uncertainties with the company to manage cost in this uncertain economy. one thing certain about the economy is that it will go into recession soon. Fed for sure will increase another 75 bps by next week at least and another 100 bps for remaining year at least. The interest rate hike will have a lag impact for about 9 months. so play your card right.. if i want to get one right, it will be this one.
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Bluezingy : fdx aint the only transportation company in the world
Mr-Golden SunOP Bluezingy: One of the 2 biggest express co in the US. they have 700 own airplanes.. go check wikipedia.
Bluezingy : did ups or dhl share price drop? how about shunfeng in china?
https://www.bloomberg.com/opinion/articles/2022-09-16/fedex-s-problems-are-about-fedex-not-the-world
Bluezingy : btw..owning the planes is a heavy cost...it is nothing to boast about especially in modern era
Mr-Golden SunOP Bluezingy: not yet.. wait til their qtrly earning.. like Cramer said 70 pct can be caused by Macro economy but 30 pct of fdx drop can be self inflicted wound. btw US is still the world economy #1 today and USD still currency of choice.. may not be for long but today they still are..
Mr-Golden SunOP Bluezingy: very true.. same as owning LV or Prada.. you can brag.. but the plane can go point to point at their own timing as long as can get authority approval