FedEx Is Up 24% This Year and Wall Street Is Finally Paying Attention
Retail traders are leaning bullish into FDX earnings as oil surges, the Fed holds, and everyone argues about whether 2026 is 2008
$FDX reports Thursday riding a 24% year-to-date gain — which is genuinely impressive given that the S&P just closed out its third straight losing week and Brent crude is sitting above $100/barrel. The Mag Seven entered correction territory. The vibes are not great, Bob.
The macro context reads like a fever dream: the Fed is expected to hold rates steady while Bloomberg Economics is flagging PCE inflation creeping toward ~3% on the back of elevated oil. Meanwhile, the Bloomberg Businessweek crew is out here reporting consumer household debt hit a record $18.8 trillion in Q4 2025. Bullish backdrop for a logistics giant? Somehow, retail sentiment says yes.
Either FedEx has genuinely decoupled from the chaos, or this is the most confident wrong bet since someone shorted gold in 2020. Thursday will tell us which one.