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I've heard for the last couple of years that FedEx is a proxy for the economy (as I have about GE).... The most recent airing of this view was Guy Adami on Fast Money about 2 months ago.... Seems to me the market has already pegged them as a bellweather. Maybe they just recognize that perception and are wording their reports to accommodate investor's perception. I can't figure out why any company would actively pursue this particular spot. It seems to me that it would just make your stock price swing more erratically than normal.
Sep 20 11:16 am
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All Comments by Urbane Gorilla! »FedEx: A Proxy for the Economy? [View article]
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