FedEx (FDX) Offering Possible 19.05% Return Over the Next 7 Calendar Days

FedEx's most recent trend suggests a bullish bias. One trading opportunity on FedEx is a Bull Put Spread using a strike $222.50 short put and a strike $217.50 long put offers a potential 19.05% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $222.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $217.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for FedEx is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for FedEx is bullish.

The RSI indicator is at 67.12 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for FedEx

UPS Hikes SurePost Rates To Match USPS Peak Surcharges
Wed, 09 Sep 2020 19:45:14 +0000
UPS Inc. (NYSE: UPS) said it will increase rates by 24 cents on all parcels moving under its SurePost parcel-induction product with the U.S. Postal Service (USPS), effective Oct. 18.The per-parcel increase matches a 24-cent peak-season holiday surcharge imposed by USPS, the first time the agency has ever levied surcharges during the holiday season. The USPS charges will be levied on large commercial customers like UPS, which under the SurePost program dumps massive volumes deep into the postal infrastructure for last-mile residential deliveries. However, large postal users are expected to pass on the USPS increases in much greater magnitude, thus creating profit centers for that traffic.UPS' announcement, which appeared last week as a short announcement on its website, somewhat follows the lead of rival FedEx Corp. (NYSE: FDX), which announced that all shipments tendered through its postal-induction product, called SmartPost, would be subject to a peak-season surcharge. Parcel-delivery experts said then that it was just a matter of time before UPS came to market with price adjustments on its own product.The effective date of the UPS increase comes nearly a month before its peak holiday surcharges take effect. UPS surcharges will apply to shippers tendering a combination of weekly air and ground residential volumes, as well as SurePost. FedEx's surcharges apply to shippers tendering residential and commercial volumes moving by air and ground. SmartPost surcharges will be broken out separately.The FedEx and UPS surcharges will be targeted at high-volume shippers. They are expected to be hefty, ranging between $1 and $5 per parcel largely depending on the weekly volumes tendered during the peak periods for each.The per-piece surcharges will increase as a shipper tenders more weekly volumes to the carriers. Which shippers are eligible for the surcharges, and the amount they will pay, depend on multiple factors. One of the key factors is the quantity of a shipper's weekly peak volumes relative to its activity during February. For example, a FedEx customer will be eligible for surcharges if it tenders 35,000 weekly volumes during peak via residential and commercial services. However, the surcharges will only be imposed on residential volumes..See more from Benzinga * eBay, UPS Enter Into Enhanced Tie-up * FedEx, UPS Holiday Advice To Big Shippers: Bring The Big Wallet * LTL, Parcel Carriers Close Up As Laura Moves Through(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

UPS to hire 100,000 seasonal workers for extended holiday shopping rush
Wed, 09 Sep 2020 16:40:02 +0000
United Parcel Service Inc on Wednesday said it would hire more than 100,000 workers for the winter holiday season, which retailers are stretching out to avoid overwhelming a delivery network already taxed by pandemic-fueled online shopping. The world's largest package delivery company plans to hire about the same number of seasonal holiday helpers as last year. It expects this year's peak season to extend from October to January – one month longer than last year, as retailers prep for their earliest-ever kickoff.

FedEx (FDX) to Report Q1 Earnings: What's in the Cards?
Wed, 09 Sep 2020 16:04:04 +0000
FedEx's (FDX) Q1 performance is likely to have been aided by higher revenues at its Ground unit. However, weakness at the Express unit is likely to have been a dampener.

Transportation Stocks Could Sell Off Into Fourth Quarter
Wed, 09 Sep 2020 15:50:34 +0000
The Dow Jones Transportation Average has reached a zone of heavy resistance and could give back a big chunk of gains posted since March.

UPS to Hire 100,000 Workers for Holidays – Shares Rise
Wed, 09 Sep 2020 15:35:00 +0000
"We're preparing for a record peak holiday season," UPS said as it plans to hire an additional 100,000 workers.

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