FedEx Corp. FDX -0.10% on Tuesday said a sharp decline in manufacturing activity would harm its profits this year, a sign of how declining Chinese output is ricocheting across economies around the world.
The world’s largest air-cargo shipper by revenue said earnings in the August-ended quarter came in below its already reduced expectations.
via FedEx First-Quarter Earnings View Citing Weak Global Economy – WSJ.com.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.