Why You Should Be Bullish on FedEx Stock Despite Its Earnings Miss

FedEx Corp. (NYSE: FDX) released a discouraging earnings report Tuesday. Earnings per share (EPS) for the quarter ending Aug. 31 came in at $2.51, compared to an expected $3.04. The Memphis-based shipper also lowered EPS guidance for fiscal year 2018 (which began June 1), from between $12 and 12.80 to between $11.05 and $11.85.

Hurricane Harvey took a small toll on earnings. But a cyberattack in June cost FedEx $300 million in profits for the quarter and was a big reason for the lowered guidance.

In spite of the setback, Money Morning Technical Trading Specialist D.R. Barton, Jr., says it doesn't affect the long-term outlook for FDX. "There are some macro themes that one just has to be part of right now," D.R. said last night on CNBC World, and FedEx is a part of those themes.

Find out how below.

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