{"id":149746,"date":"2019-06-17T10:45:13","date_gmt":"2019-06-17T14:45:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149746"},"modified":"2019-06-17T07:04:27","modified_gmt":"2019-06-17T11:04:27","slug":"fdx-analysis-will-fedexs-discontinuation-of-delivery-for-amazon-drag-on-its-stock","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/fdx-analysis-will-fedexs-discontinuation-of-delivery-for-amazon-drag-on-its-stock\/","title":{"rendered":"FDX Analysis: Will FedEx\u2019s discontinuation of delivery for Amazon drag on its stock?"},"content":{"rendered":"<div id=\"inves-1894727303\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 17, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <\/strong><a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>IFCMarkets<\/strong><\/a><\/p>\n<p><strong>Will FedEx\u2019s discontinuation of air delivery for Amazon drag on its stock?<\/strong><\/p>\n<blockquote><p>FedEx decided not to continue the contract on air express delivery for Amazon packages. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/stocks-prices\/fdx\"> FedEx stock price<\/a> continue rebounding?<\/p><\/blockquote>\n<p>FedEx\u2019s third quarter financial results were below expectations due to slowing global economies: the company reported earnings per share of $3.03, short of analyst estimates of $3.10. Net income fell to $797 million from $1.02 billion compared to the same quarter last year, with revenue rising from $16.5 billion to $17 billion. FedEx announced June 7 it will no longer provide air express delivery for Amazon packages in the US while continuing to serve as a carrier and last-mile delivery partner. Amazon accounted for only 1.3% of FedEx\u2019s total revenue in 2018. FedEx stock dropped less than 1% on the news.<\/p>\n<p>FedEx\u2019s next earnings report is scheduled for June 25. The company is expected to report earnings of $4.89 per share, a 17.26% year-over-year decline. However Zachs investment research company estimates FedEx will record a 3.75% increase in revenue from the year-ago period to $17.96 billion. FedEx\u2019s stocks is currently trading at a forward price-to-earnings (P\/E) ratio of 9.64. For comparison, its industry has an average forward P\/E of 12.92, meaning FedEx\u2019s stock is trading at a discount to the industry. While continuing global growth slowing is a downside risk for FedEx stock, the company is making investments to create new services and streamline in-house network of shipping and delivery services which should boost its competitiveness.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/FDX__O_17June2019.png\" alt=\"FDX is rising toward MA(50) 06\/17\/2019 Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"ul-tick\">On the daily timeframe the <b>S-FDX: D1<\/b> is retracing higher after falling to six-month low in the end of May.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> gives a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates uptrend: it has widened up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal: it is below the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\"> RSI oscillator <\/a> is declining but has not reached the oversold zone yet.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 165.79. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 158.07. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit\/loss ratio to the breakeven point. If the price meets the stop loss level (158.07) without reaching the order (165.79), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p><div id=\"inves-3319954633\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 165.79<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 158.07<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Will FedEx\u2019s discontinuation of air delivery for Amazon drag on its stock? FedEx decided not to continue the contract on air express delivery for Amazon packages. Will the FedEx stock price continue rebounding? FedEx\u2019s third quarter financial results were below expectations due to slowing global economies: the company reported earnings per share of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-149746","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=149746"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149746\/revisions"}],"predecessor-version":[{"id":149755,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149746\/revisions\/149755"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}