FedEx Stock price

[sonnychiba]

Anybody know why the FedEx stock price (as well as UPS) has taken such a tumble recently? Is it just the time of year or are there other circumstances? From around $98 down to $83.

 

[VaB]

I think the cat is finally out of the bag about the imminent sale of FedEx to Disney and the Michael Moore Production company. Everyone is dumping it for UPS and DHL.

Seriously though, everything is down a buttload the last week. The market is as low as it's been in 2 years. That kind of stuff drags everything down. I hope that's it anyway.

 

[SNIZ]

It's My Fault

I started my ESOP last week..so like every other stcok I have ever bought, it went down right after I bought it, sorry guys...my bad.

 

[satpak77]

overall market

is headed down

individual stocks, regardless if company is "good" or not, 90% of time, follow the overall market trend

 

[Daddy]

Historically, FDX and UPS have been leading indicators of economic expansion and/or retrenchment...they have both run up on the promise of economic growth and are now turning south on the speculation that international expansion may be coming to a screeching halt. Everyone knows that the world economy doesn't turn on a dime, but everyone is spooked by many of the latest numbers that have come out recently both here at home and abroad.

 

[satpak77]

Historically, FDX and UPS have been leading indicators of economic expansion and/or retrenchment...they have both run up on the promise of economic growth and are now turning south on the speculation that international expansion may be coming to a screeching halt. Everyone knows that the world economy doesn't turn on a dime, but everyone is spooked by many of the latest numbers that have come out recently both here at home and abroad.

the only thing that makes stock prices go up/down is physical buying and selling of shares. Now, why did people buy or sell? Likely underlying fundamentals, economy, overall market, interest rates, etc. However, the stock itself does not go up or down without buying and selling.

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=FDX

as shown by link above, FDX has 302 M "shares outstanding". This basically means that everyone and anyone, from Aunt Minnie to George Soros types (by the way, of Jet Blue fame), who may want to buy, have only 302 M shares "on the shelf for sale" of share inventory to buy.

As share inventory (shares outstanding) is reduced, the price goes up. And vice versa.

As shown by link above, multiple big-name mutual funds and investment companies have unloaded FDX stock (thus sending the price down). Why? Who the he11 knows, not you, not me. And the big money managers ain't gonna offer up why either. But they are selling.

Note that stocks in almost all cases, follow the overall market (SP 500 index, NASDAQ index, etc) trend. It does not matter if its a "good company." The market is like a powerful river, if it flows one way, even the best speedboats are gonna get drifted in that direction. The "better speedboats" may resist the water flow for awhile or even make a little progress against it, but its only a matter of time before "the river" wins.

A historical look-back on bear markets and full-blown market crashes (1929, 1973, 1987, 2000) had some of/all of the following conditions

Rising fuel prices or "high" prices for that particular era ***
Republican president (not getting political, but its true) ***
Rapid in-succession interest rate hikes (no % value, just perceived as "high" for the applicable time frame) ***
Perceived pending recession or inflation **
Weak dollar *
Trade deficit *

*** = 100% we meet that condition
** = meet the condition to some extent
* = yes that condition exists but not major huge factor right this second

just my 2 cents

later

 

[seefive]

if any of you guys really knew anything about the stock market you would be retired on a beach somewhere.

On another note, FedEx business is booming and they don't have enough lift to move all the freight.

 

[klhoard]

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Well, it's not due to a shortage of pilots. April is shaping up to be another "One trip month" for me. . . .
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Ahhhhhhhhh, you couldn't pay me enough to commute. . . .
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[satpak77]

uhh...

if any of you guys really knew anything about the stock market you would be retired on a beach somewhere.

well I am not retired but I made about $120 K in the market from 2003 till present.

Not bad for a regular mope who flies airplanes for a living.

my beach time might be down the road however

thanks for the comments.

 

[Huck]

Well, it's not due to a shortage of pilots. April is shaping up to be another "One trip month" for me. . . .

I got 105 hours of levelling in the last six weeks on the back of the ten.

None of it "first fly." Just week long trips that over-sixty guys called in sick for.

 

[seefive]

whatever satpak. thanks for your "bull**CENSORED****CENSORED****CENSORED****CENSORED**"

 

[satpak77]

whatever satpak. thanks for your "bull**CENSORED****CENSORED****CENSORED****CENSORED**"

dude don't get mad at ME, I simply responded to your post.

stocks I have bought since March 2003 are

RIMM
TASR
NTES
ASKJ
AMR

those accounted for the majority of my gains. These are actual trade I made in my account.

If I offended you or something I apologize.

take care man