FedEx stock is down because investors need to be patient ... again
FedEx stock is lower on Thursday, as Citigroup warned that investors may need to be a bit more patient with the logistics giant.
Both companies were hit by the fourth-quarter selloff, but their problems are deeper than that. FedEx and UPS have had to invest heavily to increase capacity, all while Amazon.com is testing its own delivery options. A lowered outlook for FedEx for the year didn’t do much to reassure investors, either.What’s new. Citi’s Christian Wetherbee reiterated a Buy rating on FedEx on Thursday, but lowered his price target by $15 to $210.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gap Inc.Gap Inc. stock price, stock quotes and financial overviews from MarketWatch.
Baca lebih lajut »
Amazon took over the $176 billion market for cloud computing. Now it's using the same playbook in logistics.A slew of industry experts say Amazon is prepping itself to take over FedEx and UPS.
Baca lebih lajut »
Stock futures point to lower start ahead of jobless claims, ECB statementU.S. stock-index futures point to a slightly lower start for Wall Street as investors continue to watch U.S.-China trade talks while awaiting data on jobless claims and the outcome of a European Central Bank policy meeting.
Baca lebih lajut »
U.S. stocks open lower with major indexes on track for four-day losing streak
Baca lebih lajut »
Nvidia chart looks like stock could drop back to lows, but there's a way to take advantageOne stock has fell short of chipmakers' big comeback. Todd Gordon, founder of TradingAnalysis.com, sees a bigger break lower for the semis stock.
Baca lebih lajut »
Tesla finally launches $35,000 Model 3, and moves all sales onlineTesla’s Thursday announcement turned out to be making good on its longstanding promise to offer a Model 3 for $35,000.
Baca lebih lajut »
China’s Stock Market Isn’t Too Big to IgnoreHeard on the Street: Investors need to beware the siren call of index inclusion when deciding whether to buy Chinese stocks
Baca lebih lajut »
3 tips for beating the stock market — from a fund manager who keeps doing itHarding Loevner Global Equity Fund has beaten competing funds by 2.7 percentage points annualized over the past five years.
Baca lebih lajut »
Gap to spin off Old Navy as stand-alone company, stock skyrockets more than 25%Gap Inc. stock surges in the extended session Thursday after the retailer says it will split itself into two publicly traded companies, one consisting of its Old Navy brand and a yet-to-be-named company with its Gap, Athleta, Banana Republic, Intermix, and Hill City brands, as sales at the flagship Gap brand fell 5% globally in the fourth quarter.
Baca lebih lajut »
Zscaler stock rallies as results, outlook top Street estimates
Baca lebih lajut »