FedEx On Pace for Record High Close — Data Talk

Dow Jones Newswires

FedEx

+2.58%

FedEx Corporation (FDX) is currently at $315.80, up $3.38 or 1.08%

Would be new all-time closing high (Based on available data back to April 12, 1978)
Would be first new record closing high since May 27, 2021, when it closed at $315.59
On pace for largest percent increase since Jan. 27, 2026, when it rose 2.61%
Currently up five of the past six days
Currently up three consecutive days; up 3.81% over this period
Best three day stretch since the three days ending Jan. 8, 2026, when it rose 3.88%
Up 9.33% month-to-date; on pace for best month since Nov. 2024, when it rose 10.52%
Up 9.33% year-to-date
Up 14.81% from 52 weeks ago (Jan. 29, 2025), when it closed at $275.06
Would be a new 52-week closing high
Up 59.44% from its 52-week closing low of $198.07 on April 8, 2025
Traded as high as $317.49; highest intraday level since Jan. 15, 2026, when it hit $318.00
Up 1.62% at today's intraday high

All data as of 3:06:03 PM ET

Source: Dow Jones Market Data, FactSet

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Intel, FedEx and JetBlue fall premarket; Nvidia and Booz Allen rise

Investing.com

Booz Allen Hamilton Holding Corp.

+2.46%

Advanced Micro Devices

-17.31%

Investing.com -- U.S. stock futures slipped lower Friday after President Donald Trump flagged potential military action against Iran, while Intel’s earnings disappointed.

Here are some of the biggest premarket U.S. stock movers today:

Intel (NASDAQ:INTC) stock slumped 13% after the chipmaker reported a fourth-quarter net loss of $333 million and unveiled a dour outlook for the current quarter, flagging supply shortages that could extend well into 2026.
Nvidia (NASDAQ:NVDA) stock rose 1.4% after Bloomberg reported that Chinese authorities have told major technology companies they can prepare orders for the tech giant’s H200 AI chips, suggesting Beijing may be close to formally approving imports of these critical AI components.
Intuitive Surgical (NASDAQ:ISRG) stock rose 1.6% after the medical device maker beat Wall Street ‍estimates for fourth-quarter profit and revenue on growing demand for its ⁠surgical robots used in minimally invasive procedures.
Clorox (NYSE:CLX) stock fell 0.2% after the maker of household cleaning products announced that it has entered an agreement to acquire Gojo Industries, the manufacturer of Purell, valued at $2.25 billion.
Capital One (NYSE:COF) stock fell 2.4% after the bank’s fourth quarter adjusted earnings came in short against expectations, and it agreed to acquire startup Brex for $5.15 billion.
FedEx (NYSE:FDX) stock fell 0.5% after the parcel delivery giant announced plans to cut up to 500 jobs in France as part of a major overhaul to its domestic operations in the country.
Slb (NYSE:SLB) stock rose 0.3% after the energy technology group posted fourth-quarter earnings above expectations, driven by robust North American activity and international demand. It also announced a dividend increase and pledged to return over $4 billion to shareholders in 2026.
Booz Allen Hamilton (NYSE:BAH) stock rose 5.6% after the advanced technology company reported third-quarter fiscal 2026 results that beat expectations despite revenue declines, with investors focusing on the company’s strong profitability metrics.
Silver miners Hecla Mining (NYSE:HL) and Coeur Mining (NYSE:CDE) rose as silver prices touched record highs and neared $100-per-ounce mark for the first time.
Delta Air Lines (NYSE:DAL), JetBlue Airways (NASDAQ:JBLU) and Southwest Airlines (NYSE:LUV) all fell after a winter storm swept across the U.S. with heavy snow and sleet in the forecast, causing the cancellation of hundreds of scheduled flights.

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FedEx plans to restructure operations in France, cutting up to 500 jobs

Investing.com

Advanced Micro Devices

-17.31%

Apple

+2.60%

Investing.com -- FedEx Corp (NYSE:FDX) announced Friday a proposed transformation program to modernize and simplify its domestic operations in France.

The proposal includes restructuring the company’s facility footprint and investing up to €78 million in new infrastructure and technology.

As part of the restructuring, FedEx may reduce up to 500 operational positions in France. The company also plans to scale down its station footprint from 103 to 86 stations across the country.

Despite the job cuts, FedEx indicated that the transformation could potentially create more than 770 new full-time and part-time operations positions in France.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Rothschild downgrades FedEx as rally priced in benefits of LTL spin-off

Investing.com

Advanced Micro Devices

Investing.com --Rothschild downgraded FedEx Corporation (NYSE:FDX) to Neutral, stock rally reflects much of the expected value from the planned spin-off of its less-than-truckload business.

FedEx shares have risen about 37% over the past three months given LTL sector separation which is scheduled for June.

The move followed a period of depressed valuation, but the current price leaves limited room for further gains.

The broker ran a fresh sum-of-the-parts analysis to assess the impact of the split. It estimates the combined value of the two businesses implies a share price of about $316, close to current trading levels. Based on that work, Rothschild set a $317 price target, which is roughly 3% upside.

Under the plan FedEx will spin off its LTL unit as a standalone company. Rothschild expects the new business to trade in line with listed peers, supported by its scale and similar trends in revenue growth, margins and earnings. That outcome would create about $10 billion of value compared with where the unit is currently embedded within FedEx.

The remaining parcel business, which will keep the FedEx name, has improved over the past four years through cost reductions and operational changes.

Rothschild said that progress supports a valuation slightly ahead of peers, many of which are facing pressure from a weaker economic backdrop. There would be modest value erosion of about 6% for the legacy business after the spin-off, equivalent to roughly $3 billion, due to changes in group structure.

Rothschild said the expected value creation from the LTL separation is largely offset by limited downside in the remaining parcel operation, leaving little upside at the group level.

The broker left its forecasts largely unchanged and said it remains constructive on FedEx’s underlying financial outlook.

It added that it is slightly more positive on the long-term prospects of the standalone LTL business, citing recent steps to expand its sales force and invest in technology to support pricing and revenue growth.

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Is the Stock Market Open Today? Here Are the Trading Hours for Martin Luther King Jr. Day. — Barrons.com

Dow Jones Newswires

Sandisk Corporation Common Stock When-Issued

-15.95%

FedEx

+2.58%

United Parcel Service

+4.37%

By Mackenzie Tatananni

Martin Luther King Jr. Day has arrived, bringing investors a day to digest a flurry of recent news items.

This month, concerns about the U.S.'s Jan. 3 operation in Venezuela, plus potential intervention in Iran and Greenland, took center stage. Last week, U.S. banks kicked off in earnest the latest earnings season. Investors have also been playing the tech trade, boosting shares of memory-related stocks such as Sandisk.

Here's what you should know about trading hours on Monday.

Is the Stock Market Open or Closed on Martin Luther King Jr. Day?

The New York Stock Exchange and the Nasdaq Stock Market will be closed on Monday. Bond markets will be closed, as will over-the-counter markets, where securities trade over a broker-dealer network instead of a major exchange.

Markets will reopen at their regular hours on Tuesday Jan. 20.

What About International Markets?

As Martin Luther King Jr. Day is strictly a U.S. federal holiday, international stock markets are unaffected and will remain open.

These include the London Stock Exchange, the Euronext Paris, the Stock Exchange of Hong Kong, the Shanghai Stock Exchange, and the Tokyo Stock Exchange.

Will Banks and Post Offices Be Open?

Federal Reserve banks and United States Postal Service locations will be closed. USPS service will be suspended, with the exception of Priority Express Mail, which operates all year.

Physical bank branches also will be closed. ATMs and digital banking services should be available, though customers should confirm with their local branch.

What About Private Carriers?

FedEx services including FedEx Freight, Office, Custom Critical, and Logistics will be open. The carrier offers modified service on Monday, with early on-call pickups and drop box pickups in some areas.

While UPS doesn't offer pickup or delivery on the holiday, its time-sensitive Express Critical service is available. A limited number of UPS Store locations will be open, so it's best to check your nearest store for hours of operation.

What Should I Know About Martin Luther King Jr. Day?

Martin Luther King Jr. Day is observed annually on the third Monday of January, a tradition stretching back to November 1983, when President Ronald Reagan signed the King Holiday Bill into law.

The day celebrates the life and legacy of the Baptist minister, who played a key role in ending legal segregation in the U.S. His advocacy work also paved the way for the creation of the Civil Rights Act of 1964 and the Voting Rights Act of 1965.

King's "I Have a Dream" speech exemplified his prowess as an orator. The activist called for civil and economic rights for all Americans amid the historic March on Washington for Jobs and Freedom in August 1963. More than 200,000 people gathered in the nation's capital to protest racial discrimination.

King won the Nobel Peace Price in 1964 for his leadership during the Civil Rights movement and commitment to nonviolent protest.

At the age of 39, he was shot and killed by ex-convict James Earl Ray. Ray was sentenced to 99 years in prison in 1969 after pleading guilty as part of a bargain to avoid the death penalty.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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Is the stock market open on MLK Day? Does the post office deliver mail?

MarketWatch

FedEx

+2.58%

United Parcel Service

+4.37%

By Charles Passy

The Monday holiday commemorates the birth of civil-rights leader Martin Luther King Jr.

The Martin Luther King Jr. statue is seen at the MLK Memorial in Washington, D.C.

On Monday, Americans will pay tribute to the late civil-rights leader Martin Luther King Jr.

Martin Luther King Jr. Day commemorates the life and legacy of King, who was born on Jan. 15, 1929, and became a leading voice in the fight for racial justice. MLK Day, as the holiday is often called, was made a federal holiday in 1983 and was first observed in 1986.

The holiday is always celebrated on the third Monday in January. Here's what you can expect.

Are stock and bond markets open on MLK Day?

All U.S. stock exchanges SPX COMP will be closed Monday. Bond traders also get a long weekend, as bond markets will be closed on Monday, too.

Does the post office deliver mail on MLK Day?

The U.S. Postal Service will not deliver mail on Monday. FedEx (FDX) will offer modified service. UPS (UPS) will not offer pickup or delivery service.

Are government offices open on MLK Day?

Since MLK Day is a federal holiday, all nonessential federal government offices are closed. The same generally applies to state government offices.

Are banks open on MLK Day?

Banks are generally closed, owing to the fact it's a federal holiday. Of course, you can still make transactions using an ATM or your banking app.

Are schools open on MLK Day?

Schools are typically closed on MLK Day, though there have been exceptions. It's always best to check with your school or school district.

What about stores?

Stores are likely to be open on MLK Day - and many use the occasion to promote sales throughout the entire holiday weekend.

-Charles Passy

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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FedEx Adds 17 Electric Trucks To Delivery Fleet In Japan

dpa-AFX

FedEx

+2.58%

MEMPHIS (dpa-AFX) - Federal Express Corporation (FDX) on Thursday said it has expanded its zero-tailpipe emissions fleet in Japan with the deployment of 17 electric trucks, supporting its goal of achieving carbon-neutral operations by 2040.

FedEx has introduced Mitsubishi Fuso eCanter and Isuzu ELF EVs for parcel pickup and delivery in Tokyo, Kanagawa and Osaka. Each vehicle has a 1.5-ton payload and is expected to reduce tailpipe emissions by about 3.3 metric tons per vehicle per year, compared with diesel-powered trucks.

The move supports Japan's climate targets, including a 60% reduction in greenhouse gas emissions by 2035 versus 2013 levels and achieving net-zero emissions by 2050.

'These new EVs will reduce emissions on high-density urban routes while helping us maintain the speed and quality our customers expect,' said Kei Alan Kubota, managing director of FedEx Japan.

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