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Stock impact report

“FedEx (FDX) is the Economy,” Says Jim Cramer [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
Logistics giant FedEx Corporation (NYSE:FDX) made news last week after its CFO, John Dietrich, commented at a Baird industrial conference that it expected to improve profitability in its fiscal second quarter. The CFO revealed that FedEx Corporation (NYSE:FDX) expected adjusted earnings per share to sit at $4.05, which was higher than $4.02 of analyst estimates. Dietrich's comments sent the shares higher as they assuaged investor worries about a slow holiday season in a year marked by tariffs and inflation. Cramer commented on FedEx Corporation (NYSE:FDX) in the context of investing in retail stocks and cautioned about interest rates: "Well, I, I'm still very wary of going too much retail until I see better but FedEx was good yesterday. "FedEx (FDX) is the Economy," Says Jim Cramer Copyright: bialasiewicz / 123RF Stock Photo "Look, the best thing I saw yesterday was Raj, was at FedEx, I thought that was great. Because FedEx is the economy. That made me feel better. . .but let Show less Read more
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