FDXF FedEx Freight

$FDXF remember they run on diesel and customers driven...going down..diesel will kill this for the rest of the year...big boy will try to keep it up....

$FDXF +16.40 $MANH +6.2 $XPO +6.56 - inventories flow$ under control and deliverie$ to ya - keep on trucking

$FDXF FDXF is surging, near 127.55, up about 16.28 percent, after FedEx Freight beat estimates and raised its outlook. Adjusted EPS came in at 1.49, above the 1.39 BofA expected. Operating income rose 12 percent to 358 million dollars for a 14.7 percent margin. Shipments per day fell only 0.7 percent, better than the 3 percent decline BofA modeled. The raised guidance is the bigger story. The company lifted its transition period adjusted operating income outlook to 695 to 715 million from 605 to 645 million, and raised its adjusted operating margin target to 12.5 to 12.7 percent from 11.5 to 12.0 percent. BofA says the improvement is driven mostly by pricing, not volume. BofA kept a Buy but trimmed its target to 137 from 140 on peer multiple compression and a murkier freight outlook. FedEx Freight trades at 26.5 times 2027 EPS versus 33 for XPO and 28.5 for Old Dominion. Follow me for more on the freight names.

$FDXF under 100 before earning...oil is up 3% this will have another new 52 weeks low today..

$FDXF earning will be bad... customers is out of money...and international shipments is low..port worker will be laid off...set buy at 90 after earning at month end

$FDXF Cramer recommended buying this at the spin-off. Now down over 30%. Also recommended HON but that was a flop as well. High diesel prices won't help this stock and there will most likely be more pain ahead.

$FDXF Down 5% since yesterday morning. Trades like a technology stock rather than transportation