December 20, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Stock Buying Tempered

Please click here for a chart of FedEx stocks (FDX).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of FDX is being used to illustrate the point.
• FedEx is known as the bellwether of the economy.
• The chart shows a big fall in FDX stock after it reported earnings.
• The chart shows that prior to the earnings release, there was heavy volume with a slight drop in the stock.  From a technical analysis point of view, this was a great indication that the stock might fall after earnings.