FedEx cut sales forecast by half a billion as demand for packages tumbles | FRO Message Board Posts


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Msg  13470 of 13488  at  9/16/2022 2:42:53 PM  by

riverwalk


FedEx cut sales forecast by half a billion as demand for packages tumbles

 FDX stock tumbled the most since 1980.    It's down 22% today. 
 
Two takeaways. 
 
Container shipping is a no go for me.    ZIM might look cheap but not if a leading indicator of transports like FDX came out with such a dire forecast. 
 
Secondly, I'm amazed that analysts are still foaming at the FED to raise another 100 basis points when clearly the leading indicators show we are headed for a recession and peak inflation is behind us.      


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