文章核心观点 - 公司虽面临运营效率、市场竞争等挑战，但通过成本削减、技术投入等举措，业绩开始好转，股价有上涨潜力，建议强力买入 [2][9] 背景 - 公司运营效率低下，表现落后于竞争对手，如2024财年截至5月31日，快递部门运营利润率仅1.9%，低于货运部门的20%和陆运部门的13% [3] - 关键业务板块收入下滑，2024财年第三季度总收入同比下降2%，从222亿美元降至217亿美元，快递业务收入因业务量减少和燃油附加费降低下降2% [3] - 公司失去与美国邮政的合同，该合同年收入约17亿美元，反映其运营效率低下和客户关系维护能力不足 [4] 盈利情况 - 公司最新财报超市场预期，非GAAP每股收益5.41美元，超分析师预期0.04美元，收入221亿美元，超预期4000万美元，同比增长0.9% [5] - 第四季度调整后营业收入18.7亿美元，超市场预期的18.2亿美元，高于去年的17.7亿美元，得益于成本降低、收益率提高和自保成本降低 [5] - 公司宣布回购25亿美元普通股，首财季回购10亿美元，还将年度股息率提高10%至每股5.52美元，财报发布后股价上涨近17% [5] 估值 - 过去三个月，分析师对公司盈利预期保守，有4次上调每股收益预期和19次下调收入预期，但公司估值指标显示其股票相对于行业被低估 [6] - 公司远期非GAAP市盈率为14.44，行业中位数为18.65，有-22.60%的折扣，若估值与行业中位数趋同，股价有29.16%的上涨潜力 [6] - 公司预计每股收益增长率为17.42%，未来3 - 5年复合年增长率为13.90%，短期和中期每股收益增长预计将超过行业中位数 [6] 风险与应对 - 行业面临美国货运需求增长放缓、运力过剩、运费疲软等问题，公司货运业务受影响，盈利能力下降 [7] - 亚马逊在配送市场的主导地位增加了竞争，2023年亚马逊配送包裹量达59亿个，超过联合包裹和公司 [7] - 2023年公司陆运部门存在工资差距和劳动力问题，司机流失率达30% - 40%，难以吸引和留住合格司机 [7] - 公司通过精简运营、利用网络优势、投资先进技术和数据分析等举措应对风险，如扩大库存跟踪平台、建立创新实验室和数据平台 [7] 总结 - 公司采取成本削减和技术投资等措施，有望实现业务好转，近期财报显示努力开始见效，2025财年前景乐观 [9] - 公司远期市盈率低于行业中位数，有较大上涨潜力，建议强力买入 [9]

文章核心观点 - 截至6月28日当周CE 100指数微涨0.4%，6月持平，年初至今上涨2.9%略低于道指3.7%涨幅；部分公司股价上涨，同时耐克等公司表现不佳拖累指数 [1] 市场表现 - 截至6月28日当周华尔街及CE 100指数表现平淡，该周指数因“Move”“Banking”和“Enablers”板块上涨微涨0.4%；6月CE 100指数持平，年初至今上涨2.9%略低于道指3.7%涨幅 [1] 上涨公司情况 联邦快递（FedEx） - 上周公布第四季度财报推动股价上涨18.1%，公司处于成本削减DRIVE计划中，分析师更看好其下半年定位；营收同比增长1%至221亿美元，快递业务日均货量下降1%但地面业务增长1%，第四季度调整后营业利润率扩大40个基点至8.5% [1] 三菱金融集团（MUFG） - 股价上涨11.8%，6月情况复杂；6月26日签署协议向泰国金融科技公司Ascend Money投资1.95亿美元以支持亚太地区商业银行业务扩张；同时因违反客户保密规定遭日本金融厅下令整改 [2] MongoDB - 股价上涨9.8%，虽上周无重大新闻或财报发布，但被认为在Synapse Financial破产事件中可能有积极作用；获投资管理公司ClearBridge Investments好评，公司提供领先现代数据库平台，2022年实现非GAAP盈利，随着营收增长利润率有提升空间 [2] 下跌公司情况 耐克（Nike） - 股价下跌22.4%，6月28日周五暴跌近20%，公司预计新财年销售额下降；首席执行官将此归咎于产品系列表现不佳，且公司采用D2C模式减少零售合作策略让Hoka等品牌抢占货架空间；分析师认为管理层信誉受严重挑战，C级管理层变动可能性增加不确定性 [2][3] 施乐（Xerox）和DraftKings - 表现不佳拖累CE 100指数，但文档未详细说明下跌原因 [2]

文章核心观点 FedEx财报向好带动UPS股价上涨，其财报对UPS投资者有积极启示，若UPS下半年业务量改善且每包裹收入增长符合市场预期，有望实现收入增长目标，当前估值良好 [1][9][10] 分组1：业务量情况 - FedEx美国国内业务量下滑态势缓和，暗示UPS业务量有望在下半年重新增长，UPS管理层预计二季度美国国内日均业务量同比略有增长 [2] - FedEx预测2025年整体收入将实现低个位数至中个位数增长，且主要由业务量驱动，表明行业业务量环境正在改善，利于UPS增长计划 [3] 分组2：定价策略 - UPS三年计划的关键是每票收入增长超过每件成本增长，需要良好定价环境，FedEx首席财务官预计定价环境具有竞争力且合理 [4] - FedEx每包裹收入持续增长，第四季度美国每包裹收入同比增长2.2%至23.14美元，总综合包裹收益率同比增长2.1%至24.41美元，对UPS定价策略有利 [5] 分组3：市场趋势 - 全球封锁措施曾影响电商增长，FedEx管理层认为2025财年电商增长将是实现收入增长目标的“主要因素”，电商交付增长将超过企业对企业（B2B）需求，意味着消费支出趋势正回归疫情前水平 [6] 分组4：业务拓展 - FedEx拓展医疗保健业务能力，证明了UPS积极发展高利润率医疗保健相关收入策略的正确性，UPS计划到2026年将医疗保健相关收入从2016年的51亿美元翻倍至200亿美元 [7] 分组5：投资机会 - UPS有机会赢回去年因劳工合同谈判期间担心罢工而转向其他物流网络的客户，若下半年业务量改善且每包裹收入增长符合市场预期，UPS有望在2024年下半年实现4% - 8%的收入增长 [9] - UPS目标市场（包括医疗保健和电商配送）的持续增长将有助于收入增长和利润率扩张，尽管FedEx财报不算出色，但足以消除对需求恶化的担忧，UPS有望实现全年业绩指引，当前股价相对于2025年预计收益的市盈率略高于14倍，估值良好 [10]

Warren Buffett is widely known as one of the best value investors of all time. However, there is more that goes on in his thought process than just value. In his 2023 shareholder letter, he quoted Charlie Munger’s advice to him in 1965:“Warren, forget about ever buying another company like Berkshire. But now that you control Berkshire, add to it wonderful businesses purchased at fair prices and give up buying fair businesses at wonderful prices. In other words, abandon everything you learned from your hero, ...

jxfzsy I last reported on FedEx (NYSE:FDX) late last March in an iREIT article, where I rated the stock as a hold. Despite rising nearly 15% following this week’s earnings report, the shares are still down single digits since that piece debuted. The latest earnings call provides evidence that FedEx is back on a growth path following several consecutive quarters of lackluster results. Even so, I’ll admit that I find the sudden surge in the share price a bit overdone. FDX is a solid dividend stock and a m ...

Unexpected catalysts are driving the share prices of some previously beaten down stocks sharply higher, presenting a buying opportunity for investors. Surprise earnings beats, new partnerships and takeover rumors are lifting the share prices of several well-known companies that had fallen on hard times.For investors, these catalysts present an opportunity to take a position as the stocks begin to rally off their recent bottoms, riding the share price to big gains. In the current set-up, the potential reward ...

Sundry Photography FedEx (NYSE:FDX) reported its fiscal Q4 ’24 earnings results Tuesday night, June 25th, 2024 after the closing bell, and the stock rose $39, or 15%, yesterday, June 26th, on heavy volume as FedEx disclosed on page 2 of the earnings release that “FedEx Freight has announced plans to further optimize its operations and match capacity with demand through planned permanent closure of 7 freight facilities... (further on in the press release), “FedEx management and the Board of Directors are ...

HAMILTON, ONTARIO - MAY 29: A FedEx truck is displayed prior to the RBC Canadian Open at Hamilton ... [+] Golf & Country Club on May 29, 2024 in Hamilton, Ontario. (Photo by Vaughn Ridley/Getty Images)Getty ImagesFedEx stock (NYSE: FDX) saw a 15% rise on Wednesday, June 26, after it reported Q4’24 results (fiscal ends in May) better than the street estimates. FDX stock is up 17% year-to-date, compared to -12% returns for its peer – UPS stock. FedEx’s Q4 revenue and earnings largely aligned with our expectat ...

Shares of FedEx Corporation (FDX) performed very impressively on the bourse on Jun 26, ending the trading session at $296.19, up 15.5% from Jun 25’s closing price. The massive northward movement was owing to the better-than-expected earnings per share reported by the package delivery company. Apart from the earnings beat, management issued a favorable earnings forecast for fiscal 2025. This, too, pleased investors leading to the double-digit stock price appreciation.Highlights of Q4 EarningsFedEx's fourth-q ...

These two dividend growth stocks can level up your portfolio.Investing in dividend growth stocks is one of the most reliable strategies for preserving and growing capital in the stock market. These companies, with their proven track records of consistently increasing shareholder payouts, demonstrate financial strength, competent management, and a competitive edge in their respective industries. Such stocks offer investors a potent combination of steady income and potential for capital appreciation.However, ...