I have to say that FedEx position on the market of mail delivery has become even poorer. The reason is in the fact that the management did not take seriously Amazon taking up delivery. Now the former best client has become a severe rival to FedEx.
Last year I drew my attention to FedEx). At that time, its stocks just started the decline that goes on till now. As a result, during the last 11 months, the stock price has dropped by almost 30%. The reason for the beginning of the decline became the actions of Amazon.
The July meeting of the European Central Bank, the new Prime Minister of Great Britain is a supporter of the “hardcore” Brexit, the slowdown in US GDP, Twitter net profit breaking records, and the US Internet giants are under investigation among the main news of last week.