In Thursday’s Blitz Daily with Lance Ippolito, we take a look at top logistics company FedEx as bullish options activity heats up ahead of earnings.
The company has struggled to keep up with its brown-brand top competitor UPS of late, but there could be something more going on underneath the hood…
FedEx is due to report earnings after the close on Thursday, March 17. Analysts Expect an average of $4.67 per share in earnings for the quarter.
If the company can meet those expectations, that’s a positive year-over-year growth rate of 34.6% (it reported earnings of $3.47 per share in the same quarter last year).
It seems the big-money traders have confidence in FedEx’s ability to do just that!
Of course that wasn’t the only order flow hitting the tape Thursday. I have two more massive options trades waiting below…
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