Stocks suffer amid recession fears after FedEx withdraws outlook | AlphaStreet
Transportation stocks suffered this week after FedEx Corporation (NYSE: FDX) reported unimpressive preliminary results for the first quarter of 2023. The cargo giant’s shares were down 24% soon after the announcement. The pessimism spurred by the weaker-than-expected results and cautious outlook is reflected in the performance of the company''s arch-rival United Parcel Service, Inc. (NYSE: […]
Stocks suffer amid recession fears after FedEx withdraws outlook | AlphaStreet
Transportation stocks suffered this week after FedEx Corporation (NYSE: FDX) reported unimpressive preliminary results for the first quarter of 2023. The cargo giant’s shares were down 24% soon after the announcement. The pessimism spurred by the weaker-than-expected results and cautious outlook is reflected in the performance of the company''s arch-rival United Parcel Service, Inc. (NYSE: […]