FDX

You chose FedEx as the first stock among these stocks. Is it under pressure today, having fallen by only 0.6% along with the market as a whole? What is your opinion on FedEx stock today?

I think FedEx might be my go-to option for bearish trading today. I promised you only one bearish trade today, but look, I'm going to join the current trend, which is a bearish trend as you'll see shortly with Rick's explanation.

It appears to me that a double top has already formed around the descending "Hit it" level.

FedEx reported 13% revenue growth in its most recently completed quarter, and the company successfully is reducing its operational capacity. Since 2022, there's been an 8% reduction in its fleet size, the management team anticipating headwinds to the number of units being transported.