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Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22

The Exchange

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FedEx vs UPS - Is FedEx the Better Performer?

The consensus view is that FedEx really dropped the ball in execution. But there are a couple of tailwinds for FedEx that could rescue them. Stock is very cheap at 12 times earnings, 2.5% dividend effectively.

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