FedEx pioneered overnight delivery in 1973 and remains the world's largest "express" package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight; its asset-based less-than-truckload shipping segment.
The company gained a lot of interest from COVID-19, the confinement made the company generate more revenue and have better results. Since early december, the stock price has started to fall due to poor sales projections; however, there is still no 100% confirmed cure and the instability that the new virus strain may cause could favor its future.
Fundamentals:
- Growth
- P/B 3.1x VS 3.1x industry
- 10.6% estimated growth in net earnings for the next 3 years
- ROE 17% vs. 11.4% industry
Technicians:
- Price level above SMA 250-200-150
- Williams R% at -77% levels
- RSI (30) Oversold
- 11% average upside during the month
After a 19% correction from December 9th to January 8th, we can see that the sale was stopped on a $243 support. From this point on, the stock presented a reversal, the RSI is favorable and the stock is well below its medium term moving average.
The company gained a lot of interest from COVID-19, the confinement made the company generate more revenue and have better results. Since early december, the stock price has started to fall due to poor sales projections; however, there is still no 100% confirmed cure and the instability that the new virus strain may cause could favor its future.
Fundamentals:
- Growth
- P/B 3.1x VS 3.1x industry
- 10.6% estimated growth in net earnings for the next 3 years
- ROE 17% vs. 11.4% industry
Technicians:
- Price level above SMA 250-200-150
- Williams R% at -77% levels
- RSI (30) Oversold
- 11% average upside during the month
After a 19% correction from December 9th to January 8th, we can see that the sale was stopped on a $243 support. From this point on, the stock presented a reversal, the RSI is favorable and the stock is well below its medium term moving average.