Savings fuel new buyback plan

FEDEX CORP. $176 is still a buy for long-term gains. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 260.2 million; Market cap: $45.8 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.6%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S. and 220… Read More

Beware: Activists get mixed results

Activist investors tend to target companies that can enhance shareholder value through asset sales or other moves. However, you have to evaluate these pressure campaigns on a case-by-case basis. Sometimes these moves succeed (see FedEx), but others seem poised to fail (Kohl’s).
FEDEX CORP. $216 is… Read More

FedEx’s earnings just jumped 29.6%

FedEx’s earnings just jumped 29.6%

Higher shipping rates led to a 9.9% jump in revenue for this company during the most-recent quarter despite lower package volumes.

The stock trades at 12.6 times the company’s 2022 earnings forecast.

FEDEX CORP. (New York symbol FDX; www.fedex.com) delivers packages and documents in the U.S. and… Read More