The 2 Stocks Investors Must Watch This Week
Investors have been pleased to see the stock market fare much better in 2023 than it did in 2022. stock markets haven't yet returned to all-time highs, but the gains so far this year have clawed back a considerable portion of the ground lost in the bear market last year.
Yet many market participants still aren't convinced that the economy will cooperate in generating a robust growth environment for the companies in which they own shares. That's why so many investors pay close attention to quarterly financial reports, and this week, the two most important releases will come from FedEx (NYSE: FDX) and AutoZone (NYSE: AZO). Here's why and what you can expect to see from these two well-known businesses in their respective reports.
Shares of FedEx have risen by more than 40% so far in 2023. However, the stock has paused in its ascent during the summer months, easing back from its July highs and remaining short of its record levels from 2021.
Source Fool.com
Fedex Corp. Stock
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 295 € there is a slightly positive potential of 12.88% for Fedex Corp. compared to the current price of 261.35 €.
