tl;dr
FedEx Corporation (NYSE:FDX) and Amazon (NASDAQ:AMZN) reportedly held talks last year to explore doing more business with each other once again after a high-profile split in 2019. Sources indicated to The Wall Street Journal that the two companies discussed FedEx (FDX) once again accepting returns o...
FedEx Corporation (NYSE:FDX) and Amazon (NASDAQ:AMZN) reportedly held talks last year to explore doing more business with each other once again after a high-profile split in 2019. Sources indicated to The Wall Street Journal that the two companies discussed FedEx (FDX) once again accepting returns of Amazon (AMZN) packages at its retail locations. Currently, Amazon (AMZN) has partnerships with a number of companies to handle its heavy load of package returns each year, including a deal with United Parcel Service (UPS).
While FedEx (FDX) and Amazon (AMZN) have not struck a deal yet, the development coincides with Amazon (AMZN) looking to improve the package return experience for its millions of customers. FedEx (FDX) could also have a lot to gain if talks heat up again, with Amazon's (AMZN) accounting for nearly 40% of U.S. e-commerce sales. Looking ahead, FedEx (FDX) is scheduled to report fiscal fourth quarter earnings on March 21. The shipping giant is forecast to report revenue of $22.09B and EPS of $3.50. Shares of FedEx (FDX) pushed 0.38% higher in premarket action on Monday. Over the last 52 weeks, FDX is up just over 30%. The dividend yield for new buyers of FDX stock is 1.99%.
More about FedEx Corporation
FedEx Corporation, a multinational delivery services company, has a market capitalization of $63.3 billion and a stock price of $296.44. The stock has seen a 13.3% decrease in performance over the last year, with a 52-week range of $350.38 to $296.44. Despite this, the company has a strong revenue of $87.9 billion and a healthy profit margin of 4.88%. The market sentiment for FedEx Corporation is currently neutral, with a Relative Strength Index (RSI) of 15.01, indicating the stock is oversold, and a Bollinger Bands value of 0.139, suggesting a potential uptrend. However, caution should be exercised given the stock's recent bearish trend and the uncertainty in the market.
More about Amazon.com Inc
Amazon.com, Inc. is a dominant player in the retail-catalog and mail-order houses industry, with a market cap of $1.81 trillion. The stock is currently trading at $3,499.12, with a 52-week range of $2,881.00 - $3,773.08. The stock has a beta of 1.2, indicating it is more volatile than the market as a whole. The Relative Strength Index (RSI) is currently at 55.78, suggesting the stock is neither overbought nor oversold. The moving average convergence divergence (MACD) is 2.9, indicating a bullish trend. The stock has shown strong support at the $3,000 level and resistance at the $3,500 level. The market sentiment towards Amazon.com Inc. is positive, given its strong financial performance, diverse business segments, and solid brand reputation. However, investors should be aware of the potential risks associated with the stock's high volatility and the overall market uncertainty.
More about United Parcel Service Inc
United Parcel Service Inc (UPS) is a well-established American multinational shipping and supply chain management company, with a market cap of $130.77 billion. The stock is currently trading at $158.28, with a P/E ratio of 19.64 and a dividend yield of 2.81%. From a technical analysis perspective, UPS has been trading within a narrow range, with support at $105.89 and resistance at $158.28. The Relative Strength Index (RSI) is indicating a slightly bearish sentiment, while the Bollinger Bands are showing a potential breakout. However, given the current market uncertainty and volatility, there are potential risks associated with this analysis, and past performance may not necessarily be indicative of future results.
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