FedEx earnings could save this lagging sector

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

FedEx is set to report earnings after the bell, and it could be a lifeline to this lagging sector.

A solid earnings report could lift one lagging group: the industrials. Weighed on by Boeing's recent sell-off, it is the only S&P sector in the red in March with losses of nearly 2 percent.

"We want to take advantage of all this e-commerce growth that we're expecting, and right now e-commerce sales as a percentage of total retail sales is around 12, 13 percent. By 2025 it should be around 25 percent of total sales," Tepper said Monday on CNBC's"Trading Nation.""The stock has been completely crushed because of this possible threat from Amazon logistics. But I think that's overdone.

Ari Wald, head of technical analysis at Oppenheimer, said a different name in industrials looks the best positioned to move higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nope. Awful earnings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FedEx should delay Boeing deliveries and boost stock with buybacks instead, Bank of America saysBank of America suggested on Monday that the logistics company could boost its stock by delaying planned purchases of Boeing airplanes. Or invest in your employees! BA should deliver their own planes and not ship them via FedEx. If you choose delays... (Hint: Consider the benefits of listening 2 your Labor Unions over D regulation...?)
Source: CNBC - 🏆 12. / 72 Read more »

Elon Musk vs. SEC; Brexit chaos; FedEx earningsToday’s top business headlines with ChristineRomans: - S&P 500 climbs to five-month high - CNN poll: 7 in 10 say economy in good shape - Lyft plans to raise more than $2B in its IPO - DraftKings looks to cash in on March Madness ChristineRomans Basically Trump is killing it ChristineRomans Trumps America ChristineRomans Hate him all you want stats say Trumps doing a good job
Source: CNN - 🏆 4. / 95 Read more »

FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell How did they send in their earnings? Hope they 'deliver' a good 'package'!! Great puns there. (With help from my Singaporean Executive Assistant, Jon. We both guffawed at that.) Best, Michael
Source: CNBC - 🏆 12. / 72 Read more »

Elon Musk vs. SEC; Brexit chaos; FedEx earningsToday’s top business headlines with ChristineRomans: - S&P 500 climbs to five-month high - CNN poll: 7 in 10 say economy in good shape - Lyft plans to raise more than $2B in its IPO - DraftKings looks to cash in on March Madness ChristineRomans Basically Trump is killing it ChristineRomans Trumps America ChristineRomans Hate him all you want stats say Trumps doing a good job
Source: CNN - 🏆 4. / 95 Read more »

FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell How did they send in their earnings? Hope they 'deliver' a good 'package'!! Great puns there. (With help from my Singaporean Executive Assistant, Jon. We both guffawed at that.) Best, Michael
Source: CNBC - 🏆 12. / 72 Read more »

This sector should post earnings growth double the market, but the trade comes with some risksInvestors should consider industrial stocks as their valuation, strong fundamentals and expected earnings growth make them an attractive investment, according to experts.
Source: CNBC - 🏆 12. / 72 Read more »