Earnings Reports

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We finish up 2017 with some important earnings. FedEx Corp $FDX after the close on Tuesday gives us insight into the economy and online retail giants $AMZN. Analysts will look for Christmas Shopping guidance.

fedex holiday

FedEx has been a star of the the bull market rally this year, up over 11% just in the past month.

Earnings consensus forecast for the fiscal second quarter is  $2.89 in EPS on $15.68 billion in revenue.

FedEx is in a position with a strong guidance for holiday deliveries to get one up over it's rival United Postal Service. $UPS has been dealing with delays since 'Cyber Monday'.

With the general market at record highs on tax reform hopes and $AMZN the darling of the rally $FDX earnings will be influencial come Tuesday. Like the rest of the market you have to ask yourself are prices ahead of themselves however?

$FDX closed Friday at $240.05 and has a 52-week range is $182.89 to $243.48.

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