FedEx Stock Tumbles 20% After Delivering Terrible News for Earnings and the Economy

barrons ^ | Sept. 16, 2022 8:23 am

[Presbyterian Reporter]

Here is another indicator of the gross incompetence by the Biden Crime Family.

[Presbyterian Reporter]

FEDEX will open in 8 minutes.

Currently is-—

$161.64 -43.23 (-21.10%)

[kearnyirish2]

More and more normals are reduced to buying essentials (food, gas, electricity); far less toys being shipped around...

[dfwgator]

How long until Amazon buys them out?

[9YearLurker]

Not looking like a happy market opening over on Bloomberg:

https://www.bloomberg.com/

But one more time, this is not incompetence on the part of the Biden admin; it is part of their plan.

[Varsity Flight]

Futures down approx. -300

[Tench_Coxe]

"global volume softness"

No demand for goods?

[unixfox]

How long until Amazon buys them out?

FedAm. Kinda rolls right off the tongue doesn't it.

[Tell It Right]

The S&P 500 is down 18% from it's ATH in January, even after accounting for dividends (using adjusted historic closing prices of an index fund I often invest in). Since Brandon usurped the WH an S&P 500 index fund would have given you a measly total 2.6% return the past 20 months, while inflation is soaring.

Think about it. Brandon has made the S&P 500 not much better than a savings account.

[Presbyterian Reporter]

FDX FEDEX CORP COM
$158.90 -45.97 (-22.44%)

Fedex at the open today.

The 3rd quarter has not yet ended. October looks pretty dismal for the stock market.

[Leaning Right]

FedEx is saying all this just to embarrass Biden. I think the FBI should raid the houses of all FedEx executives. If nothing else, that would keep the UPS executives in line.

[Delta 21]

Turn down legitimate business to show your wokeness and into the shitter you go!

[Presbyterian Reporter]

FDX FEDEX CORP COM
$155.86 -49.01 (-23.92%)

after 9 minutes of trading.

[9422WMR]

FedEx is crappy. Our company ships UPS and motor freight. We tried to get fedex to put us on their pick up route which goes through our industrial park, but the agent was too busy to work with us. Oh well to hell with fedex, I’m fed up!

[spokeshave]

Dow down to 30,627.67 ....-332.73

[Presbyterian Reporter]

Fedex 52 week high—

266.79
01/05/2022

Fedex is now down $100 from its 52 week high.

[FtrPilot]

FTA: Sales were close, but management said revenue was impacted by “global volume softness.”

That statement makes no sense.

Sales and revenue are largely considered the same metric, and both talk about the amount of money earned through sales. By and large, the terms “sales,” “revenue,” and “sales revenue” are all used interchangeably.

FTA: The economy is slowing.

This is certainly true. However FedEx was able to meet the sales forecast.

FTA: Costs are also a problem.

Costs are the problem.

FTA: The company is going to close more than 90 FedEx office locations, slow hiring, and consolidate some package sorting operations, among other actions, to save some money

A sure sign the country is in a recession.

[allendale]

The whole market is in the midst of a dumpster dive. Soon the political consequences will be unavoidable for the Democrats. Those white suburban women they are counting on, won’t like reading their October statements from their brokers. Abortion won’t matter as much to them as their lost money.

[cuz1961]

What are the chances nanntzi has a short position on this and other crashing stocks

After all, she is obviously finance savvy and HAD to have known all the trillions in the I.R.Act would cause a massive drop in stocks.

Ever see the movie

The Big Short

. ?

( you should watch it ,
EVERY american should watch it).

.

[logi_cal869]

FedEx has become a terrible company.

Any business having received freight from them knows this and is not surprised by this report.

Time for a major shakeup.