Today we are watching…
1. FedEx (#fedex)
Experts expect FedEx to disappoint investors again when it reports first-quarter earnings after the market closes today. Revenues are expected to remain flat year-on-year at $17.1 billion as the global trade slowdown impacts the company, and its decision to terminate two logistics deals with Amazon start to bite. Adjusted EPS is expected to fall 8.4% to $3.17. The Invstr Community maintains a bullish position with an historic positive winning streak on long positions. Analysts back this up with ‘Buy / Outperform’ recommendations.
2. Chewy (#chwy)
Pet parents’ food source of choice, Chewy Inc., is scheduled to report second quarter earnings after the market closes today. Analysts expect the company to report a loss of $0.11 per share on revenue of $1.14 billion. The Invstr Community has had a bullish run with this company, but not necessarily on a winning streak. Wall Street, on the other hand, suggests punters hold the stock with a 12 month price target of $37.10. So worth paying more attention to your pet’s taste buds!