FedEx Stock Jumps on Q4 Earnings Beat: ETFs Likely to Gain
FDXFedEx(FDX) ZACKS·2024-06-27 00:00

After the closing bell on Jun 25, transport bellwether FedEx (FDX) reported robust fourth-quarter fiscal 2024 results. The courier company outpaced earnings estimates and provided a strong earnings forecast for fiscal 2025. Following the results, FDX shares jumped more than 15% in after-market trading on elevated volume. The smooth trading is also expected to be felt in the ETF world, especially for the ones with the highest allocation to FedEx. These include First Trust Nasdaq Transportation ETF (FTXR) , i ...