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FedEx Delivers Good News: The Bottom Is in for This Stock

FedEx TodayFDXFedEx233.14+6.64 (+2.93233.14 +6.64 (+2.93%) 52-Week Range194.29▼308.53DividendYield2.49308.53Dividend Yield2.49%P/E Ratio13.79Price Target276.83Add to WatchlistFedEx’s NYSE: FDX Q1 results triggered a 5% after-hours stock price increase, signaling a bottom for this market. Not only is the company sustaining growth, but it forecasts acceleration and cost-saving initiatives have it set up for a leverage earnings rebound. Among the details of the report is the affirmation of annualized structural cost savings of $1 billion, which ...