FedEx (FDX) Gets A Bump From The Drop in Crude

July 16, 2008 11:36 AM EDT

FedEx Corporation (NYSE: FDX) is up 3.3% today in reaction to today's continued sell-off in Crude. Crude is down nearly $5 today and has dropped nearly 10% over in the last two sessions.

FedEx has ratcheted down earnings guidance the past few quarters due to high oil prices.


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