Now that Federal Reserve Chairman Jay Powell has pivoted towards his “other mandate,” we should take a cue from my six-year-old, who yells from the back seat:
“FedEx!”
For years she has been enamored with the FedEx Corp (FDX) logo. Neither her sister nor her parents are sure why, but the affinity is real. See a truck on the road, yell “FedEx!” loudly to score the point.
I didn’t have the heart to tell her that FedEx disappointed investors with a sanguine outlook a couple of weeks ago. The stock corrected lower, as usually does after earnings.
(Seriously, the best time to buy FedEx lately has been right after the company talks to Wall Street and the suits sell their shares.… Read more
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