FedEx Shares Popping, Higher For Longer, and a Lower Market Open 9/21/23
FedEx shares are moving higher on an EPS beat and a raise to full-year guidance. Bernstein's David Vernon explains. Plus, investors are digesting the latest Federal Reserve policy decision, where they paused interest rate increases but signaled the potential for another hike this year. Freedom Capital Markets' Jay Woods and RBC Brewin Dolphin's Janet Mui discuss. And, the markets are pointing to a lower open following back-to-back losses yesterday. Capital Wealth Planning's Kevin Simpson lays out the trading day ahead.
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