FedEx Delivers a Glimmer of Hope
Posted on July 06, 2009 at 08:55 AM EDT
Minyan Morning Memo One to Watch: A European magazine answering to the unpronounceable name of WirtschaftsWoche is not normally at the top of Wall Street’s reading list. But when the head of FedEx’s (FDX) international business pontificates in its pages today he sees glimmers of an upturn it bears watching for any would-be bulls. The world’s largest express delivery outfit is a key canary in any economic coal mine as its earnings are impacted by everything from fuel to protectionism. Investors who hope talk of green shoots amounts to more than clutching at straws should look to the stock for signs of ...
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