In another successful discussion with Oliver Renick at TD Ameritrade Network on today's economic environment, James Demmert breaks down what the FedEx (FDX) earnings report, combined with the Fed's mid-September warning of a slowdown, suggests about the economy moving forward.
The FedEx (FDX) earnings report indicated $3.44 in EPS and $23.2B in revenue. "FedEx has expressed what other companies that are tied to economic growth have. I think this is a sign what we will see in the upcoming earnings season. Raising prices for FedEx could be counterintuitive in a slowing economy," says James E. Demmert.
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