FDX Jun 2025 290.000 put
| Previous close | 23.95 |
| Open | 39.93 |
| Bid | 39.40 |
| Ask | 40.30 |
| Strike | 290.00 |
| Expiry date | 2025-06-20 |
| Day's range | 39.93 - 41.55 |
| Contract range | N/A |
| Volume | |
| Open interest | 133 |
- Yahoo Finance Video
FedEx: Trade downs to deferred freight could 'drag' on revenue
FedEx’s (FDX) fiscal first quarter earnings disappointed Wall Street while cutting its full-year guidance, sending its stock plunging in Friday's session. Stephens Equity Research Managing Director for Transportation Daniel Imbro has an Overweight rating on FedEx, believing the stock reaction to be justified while recommending "buying it here at the $250s as the next 12 months offers an attractive risk-reward from these levels." While the postal carrier looks to the holiday season, Imbro anticipates this year “to shape up a little more seasonally normal” and that FedEx is “seeing good leading indicators” with potential risks still lying ahead. Imbro notes the shipping giant sees more trade downs from priority freight to deferred freight: “If that continues, that could be a drag on actual revenue." When asked about the possible effects of future tariffs, Imbro says the impact could be mixed and “some parts of the business might get busier as supply chains get disrupted but ultimately tariffs would be inflationary." Watch the video above to hear what might be next for FedEx after its latest earnings report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nour El Hoda Seleem.
Investor's Business DailyDow Jones Struggles While Energy Stock Soars; Nvidia Gives Back Gains (Live Coverage)
The Dow Jones, S&P 500 and Nasdaq were all lower on the stock market today. A power stock added to a winning steak.
CNN BusinessFedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
