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published in Blogs

Dec 18, 2019

FedEx(FDX, $163.25) misses fiscal Q2 earnings; disappoints on 2020 guidance

FedEx missed earnings estimates for its fiscal-second-quarter, and also provided lower-than-expected guidance for the full fiscal year 2020.
In the quarter ended Nov. 30, the courier delivery service company’s earnings came in at $2.13 a share, lower than the year-ago quarter’s $3.51. The figure also missed the $2.60 expected by analysts polled by FactSet.

FedEx’s adjusted earnings of $2.51 also fell below analysts’ estimate of $2.78.

The second-quarter earnings were affected by charges of 19 cents a share each for expense related to integrating TNT Express and for aircraft-asset impairment.

The company cited weak global economic conditions, increased FedEx Ground costs from expanded service offerings, the loss of business from a large customer, a continuing mix shift to lower-yielding services and a more competitive pricing environment as some of the factors behind declining operating results.

This week, Amazon temporarily barred certain third-party sellers from using the FedEx Ground delivery network to handle Prime shipments. Earlier in the year, FedEx announced that it’s terminating its ground delivery contract with Amazon, which is building its own logistics network.

Looking ahead, FedEx now expects fiscal full-year 2020 earnings of $9.10 to $10.35 a share – before the impact of a year-end accounting adjustment for a retirement plan. It was unable to forecast the fiscal 2020 year-end mark-to-market (MTM) retirement plan accounting adjustment. The company said earnings should range between $10.25 and $11.50 a share before that adjustment and excluding TNT Express integration expenses and aircraft impairment charges. Analysts surveyed by FactSet were expecting $12.09.

Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer, indicated that FedEx’s revised guidance reflects lower-than-expected revenue at each of its transportation segments and higher-than-expected expenses driven by continued mix shift to residential delivery services. He further mentioned that the company is implementing reductions to the global FedEx Express air network to effectively match capacity with demand, and also taking steps to lower costs.

Related Tickers: FDX

John Jacques

published in Blogs

May 16, 2022

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Edward Flores

published in Blogs

Apr 29, 2022

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Sergey Savastiouk

published in Blogs

May 16, 2022

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.

Sergey Savastiouk

published in Blogs

Mar 14, 2023

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Dmitry Perepelkin

published in Blogs

Mar 14, 2023

5 Habits that Lead to Successful Investing

To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders. Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.

Allana

published in Blogs

Mar 23, 2023

What’s the Difference Between Data Analytics and Machine Learning?

Artificial intelligence (AI) technology is developing rapidly.Data mining can deliver raw numbers, but it does not necessarily provide actionable insights. Structure is necessary to taking abstract information and extracting commonalities, like averages, ratios, and percentages.

Sergey Savastiouk

published in Blogs

Mar 13, 2023

4 Tips for Fast, Effective Stock Analysis

With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence. Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.

Sergey Savastiouk

published in Blogs

Mar 20, 2023

5 Golden Principles in Investing

You have enough faith in that stock, based on research, that the return will equal or exceed the investment. Do unto others.The principles outlined here will ensure that happens. Principle #1: Diversification Investors can’t be one-dimensional when constructing a portfolio.

John Jacques

published in Blogs

Mar 24, 2023

If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

Some of the world’s biggest financial institutions have devoted multi-million dollar budgets to developing algorithms that can find patterns in the market, identify trends, and perform automated trading designed to take advantage of even the smallest price movements. The AI revolution is so big that as it stands today, the world’s five biggest hedge funds all use systems-based approaches to trade financial markets.Indeed, quantitative trading hedge funds now manage $918 billion (according to HFR), which amounts to 30% of the $3 trillion hedge fund industry – a percentage continues to grow with each year that passes.

Sergey Savastiouk

published in Blogs

Mar 15, 2023

The five most important Lessons Learned After 10,000 hours of Trading