Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer: What FedEx Earnings Reveal About the U.S. Economy

Video Credit: The Street - Duration: 01:28s - Published < > Embed
Jim Cramer: What FedEx Earnings Reveal About the U.S. Economy

Jim Cramer: What FedEx Earnings Reveal About the U.S. Economy

Real Money Stock of the Day FedEx reported adjusted earnings per share of $3.05 for the quarter, missing analyst expectations of $3.15, though revenue of $17.04 billion met estimates.

Why is the stock down over 10 percent?

The world's largest package delivery group warned that 2020 full-year profits would likely fall short of Wall Street's expectations, blaming the trade situation as the culprit.

"The market is changing as volumes are moving out of the (US Postal Service) and we are in-sourcing more," FedEx CEO Fred Smith said, adding, "Over the summer, these challenges increased somewhat due to the decision to not renew our largest Amazon contract and deepening trade disputes." As FedEx is traditionally viewed a bellwether for the U.S. economy, did FedEx just signal we're not even close to seeing the full impact of a prolonged trade conflict and Fed Chair Jerome Powell has a few things to consider when it comes to the economy?

Catch Jim Cramer's take in the video above.

Premium Pick: The Fed Will Likely Cut Interest Rates Wednesday, but Will the Market Care?

Bull Market Fantasy: Week 3 Waiver Wire and Week 2 Injury Recap Action Alerts PLUS peek: How Jim Cramer Knew to Sell Shopify Stock Before Its Recent Plunge Apple News: Should Apple Buy Up a Hollywood Studio?

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

0
shares
ShareTweetSavePostSend
 

Recent related news from verified sources

Jim Cramer: Trump Has China 'Where He Wants Them'

CNBC’s Jim Cramer said President Donald Trump has the upper hand in the China trade war because...
Newsmax - Published


You Might Like


Recent related videos from verified sources

Jim Cramer: The President Has China Where He Wants Them In the Trade Talks [Video]Jim Cramer: The President Has China Where He Wants Them In the Trade Talks

Jim Cramer has some thoughts on the trade talks. He said that he believes, even if the trade talks go sideways, that President Trump will still walk away a winner so long as there are no tariffs..

Credit: The Street     Duration: 03:11Published

How the Doves Took Over Trade Talks [Video]How the Doves Took Over Trade Talks

Whew. The trade talks are here and the markets are rallying on the hope of a conclusion to the trade war. Jim Cramer weighed in on the trade talks, explaining why the talks are top of mind for him. ..

Credit: The Street     Duration: 01:55Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.