While the broader market has edged lower over the last two months, FedEx shares are up a whopping 20%. You can thank falling oil prices for some of that gain, but what about the future? Oil prices have fallen in part due to worries about a slowing global economy.
Financial stocks are enjoying a truly astounding rally. Now it's Merrill's turn to keep the bulls in charge or... renew worries about continuing losses from the credit crisis. Which will it be?
The conventional wisdom on Alcoa is pretty simple: surging energy costs + aluminum price increases that lag other commodities = unimpressive profits. Unless the metals giant surprises (nearly) everyone, earnings season is set to start with a whimper.
This could be a big one. Oracle will give us an early read of how American business did in the second quarter. As the largest seller of business software, Oracle has a unique view of the economy.
High fuel prices and a lackluster economy aren't making life easy for FedEx, but that doesn't mean the shipping giant can't make money.