As we reach the middle of December, equities have settled down from their surging trend at the beginning of the month. While major indexes hit highs for the year, many investors were bullish that the end of 2010 would bring promising results to stocks. But the last few days have been all but encouraging, as stocks have struggled to do more than break even. Yesterday saw markets sink into the red upon news that the greenback had regained some of its strength thanks to continued troubles in the highly-indebted eurozone. Now that the Bush-era tax cuts have been extended beyond 2010, investors anxiously await how this news will impact trading in the coming days. While markets have been stuck in a multi-day horizontal rut, we look to data releases to help push equities one way or the other before the Christmas break [see Ten Commandments of ETF Investing].
Today, FedEx Corporation
Analysts predict the firm will bring in EPS of $1.31 with revenues nearing the $10 billion mark. Last quarter saw FedEx miss their earnings by just one cent, and the company hit their three previous estimates, so hopefully they will get back on track and once again deliver strong results. If the company hits its revenue marks, it will mean a 13% rate of growth from this point last year, showing that business has been picking up as our economy continues to gain traction [see also our Stock Lookup Tool].
In light of this earnings announcement, the iShares Dow Jones Transportation Average Index Fund
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Disclosure: No positions at time of writing.
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