Fedex Corp FDX Scheduled to Report Earnings
FDX Fedex Corp before earnings 12-17-19
With five out of the last 6 daily candlesticks in the SPY unfolding as "melted candlesticks," and heavy volume, it appears the stock market is ready for short-term profit-taking.
This means the ETF opened and closed at basically the same price. (As seen by small bodied candlesticks)
If this scenario plays out into a day of selling, I will be looking for weak stocks to sell short. Here is a scan for today of stocks with bearish order flow.
Have a great day.
Pete
FedEx earnings
Wells Fargo said all eyes will be on the company’s full year guidance, which currently stands between $11 and $13 per share. The firm said FedEx could lower guidance as uncertainty about international trade issues, impacts on the global economy and shipping volumes weigh on FedEx.
cnbc.com/tuesday-fedex-earnings-outlook
Spiraling Amazon-FedEx Feud Escalates With This Latest Move
Amazon.com (AMZN) is barring its third-party sellers from using FedEx's (FDX) ground delivery for Prime shipments, as the shipping giant makes a final holiday shopping push. Amazon stock rose and FedEx stock fell.
investors.com/news/fedex-stock-falls-amazon
Why Wall Street sees the stock market on the verge of a ‘melt-up’
Is the stock market on the brink of breaking into an unmitigated run-up to fresh records?
A number of other geopolitical headwinds, at least momentarily, have died down, including concerns about market-roiling effects of uncertainty surrounding the Byzantine pathway toward a U.K. exit from the European Union.
