Fedex Corp FDX Earnings Report | FDX Dumps Amazon
Fedex Corp FDX Stock Chart 6.25.19 Before Earnings
FedEx Stock Testing 2018 Low Ahead of Earnings
FedEx Corporation (FDX) reports fiscal fourth quarter earnings after Tuesday's closing bell, with Wall Street analysts expecting earnings per share (EPS) of $4.83 on revenue of $17.85 billion.
Shares of the shipping giant fell more than 6% after it missed fiscal third quarter estimates and lowered full-year guidance in March, warning that “adverse macroeconomic conditions,” better known as trade tensions, were affecting international shipping volume.
investopedia.com/fedex-earnings-62519
FedEx Dumps Amazon
FedEx won't renew its FedEx Express contract with Amazon.com at the end of the month.
More importantly, however, Amazon recently announced plans to step up its investment in logistics in an effort to evolve Prime's two-day shipping benefit into one-day shipping. The company is spending an additional $800 million this quarter alone to build out its fulfillment network.
Home Depot Exhaustion 62519
“But Pete, the algorithms have changed everything, that stuff doesn't work anymore.”
To which I always say, “You can't hide real volume, you can't hide big orders.” The algos only become an issue if you are trading low volume stocks, or on days that very little is going on.
Light volume days can hurt. It's easy for algos to ping obvious stop levels and shake you out of positions. You get mad and blame “the new stock market.” But you know what? You should have done a better job at picking your trades. Don't allocate capital to these situations.
Need proof you can't hide the real volume?
This chart of Home Depot from the last 30 days show TWO clear reversals based on volume. In the Order Flow Masterclass I call this “fuel and exhaustion.”
Combine these two trading setups with tape reading skills and you have easy, fast money. Classic trading principles will always work because you can't hide volume.
Pete
Google Using AI To Meddle In 2020 Election, Prevent ‘Next Trump Situation': Veritas
A new undercover exposé by Project Veritas reveals that the company is programming its machine learning algorithms in order to avoid the “next Trump situation.”
“We all got screwed over in 2016, again it wasn’t just us, it was, the people got screwed over, the news media got screwed over, like, everybody got screwed over so we’re rapidly been like, what happened there and how do we prevent it from happening again,” said longtime Google employee and
head of “Responsible Innovation,” Jen Gennai.
zerohedge.com/google-ai-meddle-2020-election
Trade stress, Iran tensions hits stocks, dollar frets on Fed doves
LONDON (Reuters) – European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc.
