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Monday, March 16, 2020

Earnings this week : March 16 - 20, 20 (wk 12)

Notable earnings reports: 

  • New Age Beverages (NASDAQ:NBEV), FuelCell Energy (NASDAQ:FCEL), Coupa Software (NASDAQ:COUP) and Revlon (NYSE:REV) on March 16; 
  • FedEx (FDX), Michaels Companies (NASDAQ:MIK) and Designed Brand (NYSE:DBI) on March 17; 
  • General Mills (NYSE:GIS), Five Below (NASDAQ:FIVE) and Futu Holdings (NASDAQ:FUTU) on March 18; 
  • Darden Restaurants (NYSE:DRI), Children's Place (NASDAQ:PLCE), Lennar (NYSE:LEN), Crowdstrike (NASDAQ:CRWD), Momo (NASDAQ:MOMO) on March 19; 
  • Tiffany (NYSE:TIF) and Hibbett Sports (NASDAQ:HIBB) on March 20.

 Spotlight on FedEx:
FedEx (FDX) is one of the first heavyweight multinationals to report earnings after the coronavirus acceleration in the U.S. Analysts project the shipper will report revenue of $16.9B, consisting of $8.7B from the FedEx Express segment, $5.6B from the ground segment and $1.7B from the freight segment. EPS of $1.48 is expected and operating margin is anticipated to come in at 3.1%. What about guidance? How FedEx models and discusses the coronavirus impact on the U.S. economy could swing UPS (NYSE:UPS) up or down and sway the transportation sector as a whole.

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