Trading Ideas: FedEx (FDX) Trouble in Memphis - The Correct Call

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Trading Ideas: FedEx (FDX) Trouble in Memphis
May 23, 2008 01:30 PM UTC

The Correct Call

Return	Risk
-1.21%	MID

Analyst

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
FDX		05/23/08	+13.94%	--

Via The Correct Call:

FedEx Corporation (FDX) is facing a perfect storm that is likely to send the stock down even further in the near future. The company already lowered its fiscal fourth quarter 2008 earnings guidance to a range of $1.45 to $1.50 per share from a range of $1.60 to $1.80 per share, citing further escalation in [...]

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