FedEx (Ticker: FDX) is certainly a bellwether stock when it comes to earnings. They report after the close today. This report is coming on the heels of this report:
FedEx (NYSE: FDX) is suing the U.S. Commerce Department, saying the Trump administration’s export restrictions would require the company to “police the contents of the millions of packages it ships daily even though doing so is a virtually impossible task.” FedEx had previously ignited Chinese ire over its business practices when a package containing a Huawei phone sent to the U.S. was returned last week to its sender in Britain, in what it said was an “operational error.” Fears that China would blacklist the firm, as a result, sent FDX shares down 2.7% on Monday.
Click the video below as I walk us through our analysis of this pending report release.
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