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FDX

FedEx Stock Lost From No Vision, But Robust Q2 Earnings ShineU.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year. FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses. FedEx had an operating margin of 7.1% with a net income of $1.23 billion. That represents a net income jump of 119% year-over-year. FedEx stated that freight supporting ground and express during peak time achieved the best second-quarter operating margin since 2006. In this video are my thoughts on FedEx and what is most likely to happen with support and resistance price points.
NYSE:FDXLong
by TickerTimeNews
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