In its recent quarterly report, FedEx reported earnings of $3.86 per share, exceeding estimates and marking a significant increase from the previous year. Despite slightly missing revenue estimates, the company showcased its confidence by announcing a new $5 billion share repurchase program, with plans for $500 million in share repurchases in the coming quarter.
While FedEx's success may have set the stage,
Technical Outlook
In a market where delivery services play an increasingly crucial role,
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