FedEx is in ‘penalty box’ after profit warning: Strategist

James G. Cole

FedEx’s (FDX) earnings warning and full year guidance retrieval put concerns about the economy into the forefront. The pre-earnings announcement also highlights the severity of the challenges facing the U.S carrier. “To categorize the magnitude, I don’t think it’s an understatement to say its extreme,” Jonathan Chappell, Evercore ISI senior […]