The Week Ahead: FedEx, Darden, and Oracle Earnings
We're also watching for Kroger, plus housing starts and existing home sales.
Jeremy Glaser: After a busy week of geopolitical intrigue, data releases, and central bank news, this week brings a handful of earnings.
FedEx had solid pricing, volume, and execution last quarter, according to analyst Keith Schoonmaker. He sees the firm's competitive advantages as intact and expects the company to be able to increase profitability over time as it invests in automation, re-fleeting, and in improving the performance of its TNT acquisition. Shares are fairly valued ahead of earnings.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.