• About
  • Meet The Team
  • Privacy Policy
Friday, January 22, 2021

Stocks Telegraph
  • Login
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers
No Result
View All Result
Stocks Telegraph
No Result
View All Result

Should You Be Holding FedEx (NYSE: FDX) Right Now?

by Hasnain R
September 16, 2020
in Featured
Share on FacebookShare on Twitter

FedEx Corporation (NYSE: FDX), a multinational delivery services company has traded up 0.14% after reporting the strong first-quarter results. The delivery services company has reported £14.97 billion of revenue and gains £3.78 per share in the first quarter. The company has also announced its plan to help in the distribution of coronavirus vaccine treatment to hospitals and governments around the globe.

FedEx Corporation has revealed that it is planning to introduce FedEx SenseAware ID, a security-enhanced tracking sensor which the company is planning to use in the distribution of coronavirus vaccine. The delivery services company aimed to connect the world during the period of need. Its main priority is the safety of customers and it has worked continuously to keep the world’s industrial, healthcare, and at-home supply chains flowing amid the pandemic.

If we look at its Q1 result, FedEx Corporation has reported the net income of  $1.25 billion and $4.72 a share as compared to the $2.84 a share in the earlier year quarter. Its adjusted income climbed to $1.28 billion or $4.87 a share. Looking at its revenue, it has recorded the Q1 revenue of $19.3 billion was 14% up from $17 billion a year earlier.  The company said that its earnings growth has emphasized the importance of its business initiatives and investment over the last several years.

FedEx Corporation (NYSE: FDX) shares were trading up 0.14% at $236.67 at the time of writing on Wednesday. Its share price went from a low point around $88.69 to briefly over $241.00 in the past 52 weeks, though shares have since pulled back to $236.67. It has moved up 166.85% from its 52-weeks low and moved down -1.80% from its 52-weeks high. FedEx Corporation’s market cap has remained high, hitting $59.78 at the time of writing.

FedEx CEO said that the “Operating results increased due to volume growth in FedEx International Priority and U.S. domestic residential package services, yield improvement at FedEx Ground and FedEx Freight, and one additional operating weekday.”

2020 is the year of challenges for many companies but FedEx has seen positive growth in its earning because people preferred to stay at a home amid pandemic. This pandemic environment is advantageous for FedEx as customers were turning towards online shopping. But now customers are going out and do shopping as well by visiting the stores physically. But still, FedEx has an advantageous environment right now.

The delivery service company has spent $565 million on fuel across the company during the quarter as compared to 35% less than a year earlier. FedEx did not give an earnings forecast for fiscal 2021 because of the prevailing pandemic which caused uncertainty in the market. But the company said it anticipates annual capital spending of $5.1 billion.

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

Tags: $FDXDelivery ServicesFedEx CorporationFedEx SenseAware IDFedEx stockNYSE: FDXPandemicQ1 Result

Related Posts

Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.
Featured

Jaguar Health (JAGX) Closes its $6M Promissory Notes, What’s Next for JAGX Stock?

January 21, 2021
Top 3 Big Data Stocks for long-term Investment
Featured

Top 3 Big Data Stocks for long-term Investment

January 21, 2021
TG Therapeutics (NASDAQ: TGTX) Ublituximab Receives Fast Track Designation In US
Featured

Adamis Pharmaceuticals Corp (ADMP) shares slide 14% as traders take profits

January 21, 2021
Rekor Systems Inc [REKR] Is Just Getting Started on Gains
Featured

Gevo Stock in a dump mode following $350 million offerings, but buoyant in long-term

January 20, 2021
Tesla Inc. (NASDAQ: TSLA) Reportedly Discuss Nickel Supply Deal With Top Miner BHP
Featured

Alibaba (BABA) Stock comes to life after Jack Ma reappears; The potential prospect of BABA this year

January 20, 2021
Is Twilio (NYSE: TWLO) Stock A Buy?
Featured

All Hail Streaming King Netflix Inc. (NFLX)

January 20, 2021
Next Post

Should You Invest In Inovio Pharmaceuticals (NASDAQ: INO)?

Early Morning Vibes: The 4 Best Stocks To Buy Now

Blonder Tongue Receives U.S. Patent Grant For DMM Series Of Products
by Shan Zee
January 14, 2021
0

American stock markets ended trading largely in the green zone on January 13. The S&P 500 index improved to 3810...

Read more

Early Morning Vibes: The 4 Best Stocks To Buy Now

9 Trending Stocks in Travel Services Industry That Can Be A Good Bets
by Shan Zee
January 20, 2021
0

On January 19, American stock indexes finished trading in the green zone. The S&P 500 Index rose 0.81% to 3799...

Read more

Early Morning Vibes: Top 4 Stocks To Watch Right Now

Why Tesla Inc (NASDAQ: TSLA) Stock Might Be A Great Pick?
by Shan Zee
January 19, 2021
0

For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting...

Read more

Early Morning Vibes: 4 Stocks We Like for Thursday

Energy Focus (NASDAQ: EFOI) Introduces Portfolio Of Germicidal UV-C Disinfection Products
by Hasnain R
January 21, 2021
0

On January 20, American stock markets closed at new all-time highs. The S&P 500 index rose 1.39% to 3852 points,...

Read more

Early Morning Vibes: 4 Stocks We Like for Friday

by Shan Zee
January 15, 2021
0

On January 14, the American stock indices closed in the red. The S&P 500 index dropped 0.38% to 3796 points,...

Read more
  • About
  • Meet The Team
  • Privacy Policy

© 2020 Stocks Telegraph - All Rights Reserved

No Result
View All Result
  • Home
  • Featured
  • Investing
  • Morning News
  • Mid Day Movers

© 2020 Stocks Telegraph - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Get The Best Stocks To Trade Every Day!

Join now to get the Stockstelegraph.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.