FedEx, UPS Deliver Clues About Market Direction

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 9, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx, UPS Deliver Clues About Market Direction - Minyanville

    Yesterday morning package delivery giant FedEx delivered good news and a rosy forecast to the market.

    Investors and traders responded in kind by taking FedEx shares up 2.7% on the day to a new 52-week high.

    Yet, despite what appeared to be good news for the economy, the overall market was lower by 1% Tuesday.

    So what should one make of this seeming contradiction? FedEx is a leading transportation company and it plays an integral role in business, government, and consumer activities. Shouldn’t the market take its cue from such influential stocks? Surely good news from FedEx is good news for the economy and by proxy, the stock market?