FedEx: Beaten Down Stock That Deserves Patience
FedEx(FDX) Seeking Alpha·2024-06-10 09:27
StefonlintonSummary FedEx Corporation (NYSE:FDX) is scheduled to report its Q4 fiscal year 2024 earnings on June 25th, after the market close. The stock has been decimated since the start of April, underperforming the S&P 500 by a wide margin year-to-date. However, I believe FedEx's stock is entering oversold territory due to short-term macro challenges and higher CAPEX associated with its cost-saving programs. Wall Street is estimating that FedEx's revenue growth will turn positive again over the next ...