FDX Stock Recent News

Shipping stocks fell as the end of the port workers' strike looks to put paid to the prospect of sustained higher freight rates

The signs of a market shift are appearing in these consumer-focused names.

Now that Federal Reserve Chairman Jay Powell has pivoted towards his “other mandate,” we should take a cue from my six-year-old, who yells from the back seat:

Most of the important news in the financial markets goes over investors' heads, only to wake up to new market price action and realize they should have not only paid attention but also acted upon the news that was released in the recent past. Today's most important news—and implications—can be taken from the recent port strikes that started this week.

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Shipping giant FedEx says it has launched contingency plans in order to minimize the impact of a union dockworker strike impacting dozens of U.S. ports.

Shares of package delivery giant FedEx (FDX) advanced to start the trading week amid predictions that demand for air freight could increase if dockworkers at ports on the U.S. East Coast and Gulf Coast begin a labor stoppage.

The East Coast port strike is set to begin Tuesday, potentially costing the economy $5 billion per day. Here are the stocks analysts are watching.

FedEx's DRIVE and Network 2.0 programs aim to streamline operations, saving $6 billion annually by 2028 without sacrificing top line growth. Despite a recent 9% stock price drop, FedEx offers a 4.0% buyback yield and 2.1% dividend yield, making it attractive for long-term investors. The expiration of the USPS airmail contract poses short-term challenges but could improve margins through better fleet utilization and cost management.

FedEx Corporation FDX is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.