Costco stock has held up well in the current market downturn. Its shares, which closed on Friday at $504.14, have risen about 12% during the past three months.), will hold its fiscal 2023 first-quarter earnings call after the market closes on Thursday, Sept. 22.
Shares of the global freight and logistics giant plunged on Friday after the company said on Thursday night that it expects , excluding some items, to be $3.44 per share, or roughly 33% below the average analyst estimate of $5.10. Sales during the period were $23.2 billion, according to the company’s preliminary earnings data.In addition, FedEx withdrew its earnings forecast for 2023, saying macroeconomic trends have “significantly worsened,” both internationally and in the U.S. The company added that these trends are likely to deteriorate further, dashing hopes of a sales recovery during the crucial holiday season.
and apple also,
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And with FedEx results.. “Fed will become ex of many traders / investors” 🤣🤣
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Why FedEx's stock plunge is so bad for the whole stock marketFedEx shares plunged 21.6% in afternoon trading Friday to a two-year low. The $44.25 price decline shaved about 270 points off the Dow Jones Transportation Average , accounting for more than one-third of the Dow transports 774-point, or 5.7% drop. FJB BTFD Doesn't help supply chain/inflation much if they start cutting back.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
Stock Market Today: Dow Closes 100 Points Lower; FedEx Stock Drops Over 20%Stocks ended a haywire week with losses on Friday. The major indexes are now down four of the last five weeks. Sounds like we should invite James Taylor to celebrate this milestone with tune… Trust in stock markets and 401ks is being eroded - saving all the money you earned through work or inheritance under your mattress would have saved many from huge equity and bond losses in the markets - let’s keep being skeptical of the fed I have a better description than haywire 😒
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Stocks end lower after FedEx warning, post weekly declinesStocks fell Friday after FedEx issued a profit warning that stirred fears of a global recession. The Dow Jones Industrial Average fell around 140 points, or 0.5%, to close near 30,822: FJB FedEx can effect the whole market with a thought 😂😂😂 crazy times..
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
The S&P 500 sank 5% in a very bad week for stocks. These 20 lost up to 24%A profit warning from FedEx, an expensive acquisition for Adobe and fear of the Federal Reserve all weighed on the stock market.
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