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But some analysts note the relative stability of rivals UPS and DHL, and said FedEx's own failure to adapt also contributed to its performance. related investing news Does FedEx's bleak outlook flash a warning signal for investors? Kanarek was among the analysts who noted the mix of factors − internal and external − that likely played a role in FedEx's disappointing results. Confronting realitySome experts see FedEx's performance as an overdue confrontation with market realities coming out of the pandemic, which the company previously failed to acknowledge. If demand continues to slow and manufacturers require less production, Hoexter said FedEx could start to see freight volumes soften too.

☆ Wall Street is on a knife's edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife's edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses , effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄...You get the idea.

☆ Wall Street is on a knife’s edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife’s edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses, effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄…You get the idea.

☆ Jim Cramer: My biggest worry with the Fed and why it has us in a holding pattern
▼ + stars: | 2022-09-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

There's a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

NEW YORK, Sept 16 (Reuters Breakingviews) - If only FedEx delivered profit as reliably as parcels. Boss Raj Subramaniam blamed macroeconomic trends, but the performance at United Parcel Service (UPS.N) suggests poor judgement made matters worse. FedEx raised wages amid Covid-19, when delivery people were putting in overtime to get toilet paper and hand sanitizer onto doorsteps. Founder Frederick Smith is presiding as executive chairman after Subramaniam ascended to be chief executive in June. FedEx plans to cut back flights, reduce working hours, defer hiring and close some of its office locations to save money.

☆ What Cramer is watching Friday — FedEx's disaster, Street hates Adobe deal, Uber cyberattack
▼ + stars: | 2022-09-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

I wrote Thursday night about how this latest sell signal on Wall Street will hurt some stocks more than others. Downgrades and price cuts everywhere on Wall Street. CNBC's tech team says Silicon Valley loves the move, but clearly Wall Street does not. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Traders work during the opening bell at the New York Stock Exchange (NYSE) on Wall Street in New York City on August 16, 2022.

☆ Stocks fall after FedEx warns of global recession
▼ + stars: | 2022-09-16 | by ( Nicole Goodkind | Cnn Business | ) edition.cnn.com time to read: +1 min

New York (CNN Business) US stocks fell on Friday after FedEx served investors a brutal pre-earnings announcement about the state of the global economy. The S&P 500 fell 0.7% and the Nasdaq Composite was down 0.9%. The Dow dropped 4.1% for the week, and the S&P 500 and Nasdaq dropped 5% and 5.5%, respectively. The weakening global economy, particularly in Asia and Europe has hurt(FDX)'s express delivery business. During an interview Thursday on CNBC, FedEx CEO Raj Subramaniam was asked if he believes the slowdown in his business is a sign of the start of a global recession.

☆ Home Depot’s customers have been resilient despite economic headwinds, CEO says
▼ + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Home Depot's business has remained strong even as turbulent economic conditions pinch consumers' wallets, CEO Ted Decker told CNBC's Jim Cramer on Friday. His comments were in response to Cramer questioning him about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam warned of on Thursday's "Mad Money." "Our consumer, our customer, pro and DIY have been resilient," Decker said. And guess what, they're spending more time in that home, and that home's aging," Decker said. He acknowledged that the seasonal aisle has seen some softness, even though the project business has held steady.

☆ FedEx boss warns of a 'worldwide recession' and outlines plans to close stores, freeze hiring, trim hours, and park planes to cut costs
▼ + stars: | 2022-09-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

The company reported disappointing earnings, blaming reduced package demand and economic conditions. FedEx plans to cut costs by reducing flights, closing 90 retail stores, and trimming hours. But you know, these numbers, they don't portend very well," FedEx CEO Raj Subramaniam said in response to a question about whether the economy was "going into a worldwide recession." It reported earnings of $3.44 a share, significantly below analysts' consensus of $5.14, according to Refinitiv data cited by CNBC. To help mitigate the situation, FedEx plans to cut flights and temporarily park some aircraft, trim labor hours, and freeze hiring.

☆ Stocks making the biggest moves midday: FedEx, Adobe, Boeing and more
▼ + stars: | 2022-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Snowflake - Shares of the cloud computing company dropped more than 6% as growth stocks led Friday's sell-off. The decline came even as Needham initiated coverage of Snowflake with a buy rating, as the Wall Street firm sees potential new uses for its platform. Adobe – Adobe's stock built on Thursday's declines, sinking just over 3% after a slew of downgrades from Wall Street analysts. Bank of America downgraded the technology stock to neutral as it awaits further clarity on Adobe's Figma acquisition.

☆ 3 takeaways from Friday's meeting, including how defensive plays are wins in this two-sided market
▼ + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There is a bifurcation in the market Quick hit: AMZN, PG, DHR, AAPL Club events to watch for next week 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ 5 things to know before the stock market opens Friday
▼ + stars: | 2022-09-16 | by ( Candice Choi | ) www.cnbc.com time to read: +4 min

Here are the most important news items that investors need to start their trading day:Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fallWall Street was headed toward another down week with U.S. stock futures lower Friday. A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Bed Bath & Beyond closuresWhen Bed Bath & Beyond announced last month that it would close roughly 150 of its "lower producing" namesake stores, many people wondered if the location near them would be among those shuttered. In late August, Bed Bath said that it secured more than $500 million in new financing ahead of the key holiday season and that it was trimming its workforce, in addition to the store closures.

☆ FedEx warns of a global recession, cutting sales forecast by half a billion dollars
▼ + stars: | 2022-09-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN Business —FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. What’s more, FedEx said it expects business conditions to further weaken in the current second quarter, which runs through November. While global revenue this quarter is likely to be flat compared to a year earlier, FedEx’s earnings are expected to plunge more than 40%. Additionally, the Dow Transportation Index fell 5%, while shares of FedEx rival UPS (UPS) closed about 5% lower. While it gave the sharply lowered guidance for the current quarter, FedEx said it was withdrawing its full-year guidance issued in June due to the “continued volatile operating environment.

☆ Investing Club: The week in review, the week ahead — Sept. 16, 2022
▼ + stars: | 2022-09-16 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

As we saw from Starbucks (SBUX), Humana (HUM) and Danaher (DHR) this week, companies are still investing in the future despite the difficult macroeconomic environment. Conferences will continue next week and within the portfolio we look forward to hearing from Nvidia (NVDA), Salesforce (CRM) and Qualcomm (QCOM). On Thursday, initial jobless claims for the week ending Sept. 10 came in at 213,000, a decrease of 5,000 from the prior week and below expectations of 227,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Amazon remains top pick at UBS — and in our portfolio — despite FedEx’s alarming guidance
▼ + stars: | 2022-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We are particularly encouraged by this analysis, because investors out there may end-up wrongly interpreting FedEx (FDX)'s terrible guidance and economic outlook as a warning about Amazon's business. Analysts are now scrambling to assess whether the problems that FedEx described in its business and the global economy at-large will slow Amazon's e-commerce. Since there are many differences between FedEx and Amazon's business, we are sticking with our long-term thesis on Amazon. Bottom line We like UBS' work here as many on Wall Street clearly extrapolated FedEx's guidance to mean Amazon's e-commerce business is struggling — when, in actuality, it is not. If consumers roll back their discretionary spending, which Amazon's e-commerce business relies on, profits from AWS can help offset changes in consumer spending behavior.

☆ FedEx inflamed recession fears. These are our least economically sensitive stocks
▼ + stars: | 2022-09-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +12 min

FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Watch Jim Cramer's full interview with FedEx CEO Raj Subramaniam
▼ + stars: | 2022-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Jim Cramer's full interview with FedEx CEO Raj SubramaniamThe "Mad Money" host interviewed FedEx CEO Raj Subramaniam on Thursday's episode of the show.

☆ FedEx's fiasco sends another sell signal. But some stocks won't be hit as hard
▼ + stars: | 2022-09-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Let's just say I wanted to be more positive — but there was, alas, nothing to be positive about really. The market, I think, on Friday will be down hard off this one company's negativity because it touches every tentacle. I am sure people will sell Club holding Amazon (AMZN), for example, even as Amazon doesn't even do business with FedEx. The one thing I will stick behind though is what I said at Thursday's "Monthly Meeting" for Club members. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ FedEx CEO says he expects the economy to enter a ‘worldwide recession’
▼ + stars: | 2022-09-15 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

FedEx CEO Raj Subramaniam told CNBC's Jim Cramer on Thursday that he believes a recession is impending for the global economy. But you know, these numbers, they don't portend very well," Subramaniam said in response to Cramer's question of whether the economy is "going into a worldwide recession." The CEO's pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. Shares of FedEx fell 15% in extended trading on Thursday. The chief executive, who assumed the position earlier this year, said that weakening global shipment volumes drove FedEx's disappointing results.

☆ Cramer says investors should remain calm after FedEx’s bad quarter but brace for more economic pain
▼ + stars: | 2022-09-15 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer advised investors not to panic after FedEx's worse-than-expected first quarter. Cramer outlined three reasons why investors shouldn't let the company's bad quarter scare them too much:This was CEO Raj Subramaniam's first quarter leading the company. "Maybe the bears who insist that the Fed raise and raise and raise and raise [interest rates] don't know what they're talking about," Cramer said. However, this doesn't mean that investors shouldn't brace themselves for more pain ahead, he said. "Most of us didn't know until tonight we had this many problems and that they are all getting much worse, not better."

☆ FedEx shares sink after company cites weakening global demand
▼ + stars: | 2022-09-15 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

Shares of FedEx closed down more than 21% Friday after the company posted bleak preliminary earnings, citing weakening demand in global shipment volumes. Morgan Stanley analyst Ravi Shanker said the report could indicate a return to normal as pent-up demand from the pandemic wanes. The updates from FedEx came alongside fiscal first-quarter earnings that fell well short of Wall Street expectations. The company was scheduled to release results and hold a conference call with executives next week, but issued the report early. For its fiscal second quarter the company expects adjusted earnings per share of at least $2.75 on revenue of between $23.5 billion to $24 billion.

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