FedEx Is Rising, but Here's the Real Stock to Watch Friday
Friday appeared as though it would be another down day for the stock market, following turbulence earlier in the week as investors reacted to the Federal Reserve's latest monetary policy edict. As of 8 a.m., stock futures contracts were generally lower. Dow Jones Industrial Average (DJINDICES: ^DJI) futures were down 106 points to 35,796, while S&P 500 (SNPINDEX: ^GSPC) futures fell 23 points to 4,646 and futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) declined 147 points to 15,724.
Even outside of peak earnings season, Wall Street always wants to see how key companies are doing, and the news from shipping giant FedEx (NYSE: FDX) was encouraging enough to send its stock significantly higher after its most recent quarterly report. However, there was another stock that put FedEx's gains to shame. Below, we'll look more closely at FedEx's results and then turn our attention to this even bigger winner on Friday.
Image source: FedEx.
Source Fool.com
