Is It Time To Short FedEx Again???

Two months ago, I wrote a post titled,

FedEx On Notice Today

FedEx reported earnings that beat on revenue, but missed profit estimates.  During the earnings call, FedEx decreased their 2019 numbers because of the ongoing US-China tariff war, which has already affected 10% of its businesses in China.  On that news FedEx sold off hard.

Morgan Stanley analyst Ravi Shanker notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.

That’s bad news

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