real-time news and commentary for investors
Wednesday, Oct 23
Who's keeping FedEx busy on Cyber Monday?
- FedEx (FDX) expects Cyber Monday shipments to increase 11% Y/Y as online orders boost shipments to over 22M for the day. The news helps temper some of the worries on e-commerce coming out of eBay (EBAY).
- The double-digit pace of online orders easily beats estimates for Black Friday store sales and sets up well for Amazon (AMZN).
- Other retailers with strong online businesses could pick up sales if online continues to grab steal market share away from mall traffic.
- On watch: Urban Outfitters (URBN), Zale (ZLC), Under Armour (UA), Vera Bradley (VRA), and Dick's Sporting Goods (DKS).