Outdoor signage board with FedEx logo. Modern office building. Editorial 3D rendering

FOR a minute, FedEx investors were on a festive roll.

Like the rest of the S&P500, Fred Smith’s Memphis-based delivery giant has been on a market rollercoaster lately.

The under-fire stock dipped to $151 in early December, before recovering 11% to $168 on Monday this week, buoyed by the ‘will-they-won’t-they’ suggestion that China and the US may have struck a trade bargain.

But that’s where FedEx and the S&P500 parted company.

As it became clear FedEx was in line for a big Q2 2020 ...

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