Transportation, very important.*
From Yahoo Finance, September 15:
FedEx (FDX) withdrew its full year earnings guidance and reported preliminary first quarter results that fell short of Wall Street estimates, sending shares tumbling in extended trading on Thursday.
"Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S." FedEx CEO Raj Subramaniam warned in the release. "We are swiftly addressing these headwinds, but given the speed at which conditions shifted, first quarter results are below our expectations."
FedEx shares fell as much as 15% in after hours trade....
....MUCH MORE
The last few after hours trades were at $170.9 down $34.11 (-16.64%)
*From the introduction to "Using Satellite Imagery Data to Generate Alpha":
As mentioned in the intro to 2018's "Hedge Funds: 'The Tipping Point for Alternative Data'":
As mentioned in the intro to 2018's "Hedge Funds: 'The Tipping Point for Alternative Data'":
My introduction to the subject was when one of my mentors tasked me with counting tractor-trailers pulling up to the loading dock of a company he was considering buying.
After three days I asked if this was the highest use of my time and was "promoted" to scouring help-wanted ads to see who was growing enough to be hiring.
For our younger readers, help-wanted (or position available) ads were a type of classified advertising found in newspapers.
Newspapers were a medium of communication that....
Probably not directly related, Tokyo opened down over 1%
