Geopolitics Alpha

FedEx Lifts Outlook as Shipping Rates, Volumes Drive Revenue Growth

Published . Updated .

SHIPPINGFedEx Lifts Outlook as ShippingRates, Volumes Drive RevenueGrowthFDXGEOPOLITICS ALPHA

This report is about container shipping.

Directly affected

  • FDX Fedex+1.8% 30d

    Named in this report.

Indirectly affected

  • BWET Breakwave Tanker Shipping ETF+54.8% 19d

    Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.

  • IYT iShares U.S. Transportation ETF

    iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.

  • ZIM ZIM Integrated Shipping Services+1.3% 30d

    ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.

  • MATX Matson-5.7% 9d

    Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.

  • KEX Kirby-1.1% 30d

    Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.

  • DAC Danaos

    Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FDX-0.30%-1.37%baseafter closeafter closeafter closeafter close
BWETNo price data for this ticker———————
IYTNo price data for this ticker———————
ZIM-2.06%-0.44%baseafter closeafter closeafter closeafter close
MATX-0.28%+0.49%baseafter closeafter closeafter closeafter close
KEXNo price data for this ticker———————
DAC-0.63%-0.48%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

FedEx Lifts Outlook as Shipping Rates, Volumes Drive Revenue Growth WSJ

Source: The Wall Street Journal

Shipping

CompanyWhenMoveStatus
DACthree days earlier-0.48%final price
DACfive days earlier-0.63%final price
FDXthree days earlier-1.37%final price
FDXfive days earlier-0.30%final price
MATXthree days earlier+0.49%final price
MATXfive days earlier-0.28%final price
ZIMthree days earlier-0.44%final price
ZIMfive days earlier-2.06%final price

Shipping

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the shipping case looks

12 out of 100

“FedEx Lifts Outlook as Shipping Rates, Volumes Drive Revenue Growth” scores 12 out of 100. The score uses 1 sources.