FedEX (NYSE:FDX) consolidates along the 34EMA on the 1hr chart. Announcement to purchase the 100+ year old delivery firm Genco Supply Chain Logistics (bot ATC Technology Corp 2010) infused with 512.6M from Greenbriar Equity Group LLC.; may bolster an upswing after earnings in two days. FDX initiated restructuring in 2012 that reflects the Oct 2014 bullish trend. Wall Street expects earnings to beat expectations.Still a drop to $172.13 can't be ignored. Institutional holdings @75.89% with 1.14% of short float interest. Beta 1.3 favors a price growth going into 2015. FDX ROA 6.68%; ROE 13.49% and Revenue per Employee $412.74 gives FDX an above average to peers standing. But ROI is below industry standing, 7.67% to 12.18%. EPS growth -14.51% as Industry Standard is 18.82% Acquisition of Geneco is a good move toward a digitalized e-commerce economy. Watching after earnings response. Leaning into Puts because it raises more working capital from a drop in per share price going into 2015. A 50+ day breakout bullish trend at +18% is due for a -5% correction. A Naive prediction shows a price target of $169. Expeditors tops the delivery services sector, with UPS (NYSE:UPS) is a close second. FDX currently outperforms the SPX.
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