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0 0.00076657723265631 0 -0.00172479877347636 0.00536604062859335 0.00536604062859335 0.00479110770410119 0.0068991950939057
Stock impact report

FedEx losses mount as gloomy outlook permeates transportation sector [Seeking Alpha]

RXO, Inc. (RXO) 
Company Research Source: Seeking Alpha
on Friday and is reverberating through the transportation/delivery/logistics sector. The company blamed soft demand for premium delivery for the outcome, amplified by a challenging macro environment evidenced by the 50-basis point cut in interest rates this week. “The magnitude of the Fed rate cuts [on Wednesday] signals the weakness of the current environment,” CEO Raj Subramaniam said on the earnings call , adding that the company is “not assuming a significant comeback on the industrial environment in the rest of this calendar year.” Wall Street analysts mostly expect secular headwinds impacting the company longer-term. Morgan Stanley's Ravi Shanker said EPS needs to reach $17 in the next three quarters for the company to reach its guidance expectations, despite market and idiosyncratic headwinds ahead. Shanker downgraded FedEx ( FDX ) to Sell. The out-sized reversal in the stock, leaves FedEx ( FDX ) shares at a discount, but DeVas Research warns this is a “value trap for Show less Read more
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