FedEx Freight (FDX) hosts inaugural investor day ahead of planned spinoff from FedEx; outlook medium-term revenue growth 4-6% CAGR and Ex Freight medium-term adj. operating Income growth outlook 10-12% CAGR
FedEx's investor day outlines a medium-term revenue growth target of 4-6% CAGR along with a more ambitious 10-12% CAGR for its adjusted operating income after the planned spinoff.
US War Secretary Hegseth says military will be hanging around in Iran, won't go anywhere, and will make sure Iran complies; Iran will let ships go through
[MARKET UPDATE]: Oil gains with WTI back above USD 88/bbl, while stocks and Treasuries sell-off as FT report gets wider airing that Saudi Arabia’s east-west oil pipeline was hit by a drone attack around two hours ago
FedEx Freight (FDX) hosts inaugural investor day ahead of planned spinoff from FedEx; outlook medium-term revenue growth 4-6% CAGR and Ex Freight medium-term adj. operating Income growth outlook 10-12% CAGR
Saudi Arabia’s east-west oil pipeline was hit by a drone attack, FT reports citing sources; a pumping station was hit around 1pm local time (just over 2 hours ago)
US General Caine says the US operation in Iran achieved its objectives; ceasefire is a pause, the joint force remains ready to resume combat
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This suggests a strategic pivot that could enhance operational focus and investor sentiment, indicating potential value creation through the separation. Keep an eye on peer performances and overall sector implications as markets digest this change.
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