FedEx

FDX

Market cap $78.5B

FedEx recently spun off its freight business. The stock is heading into earnings with its price at an all-time high.

Investors need to pay close attention to FDX stock based on the movements in the options market lately.

In the latest trading session, FedEx (FDX) closed at $338.49, marking a -17.79% move from the previous day.

Expedia Group (NASDAQ:EXPE | EXPE Price Prediction) is back in the spotlight after a 42.34% Q1 adjusted EPS beat and a freshly minted $5 billion buyback authorization that has the travel-rebound crowd piling back in.

FedEx (FDX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX, “FedEx”) today announced the completion of its spin-off of FedEx Freight Holding Company, Inc. (NYSE: FDXF, “FedEx Freight”), establishing FedEx Freight as an independent, publicly traded company and focused leader in the North American less-than-truckload (LTL) industry. FedEx Freight common stock will begin “regular way” trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “FDXF.” FedEx will continue to trade on.

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Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Stocks futures are pointing lower this morning after major indexes closed at record highs yesterday, as investors await economic data and earnings reports; a key inflation indicator is due to be released this morning; Snowflake shares are soaring after the cloud software company reported earnings and announced a paid of deals; Costco and Dell are scheduled to release their quarterly results after the closing bell; and FedEx Freight will start trading on Monday after completing a spinoff from its parent company. Here's what you need to know today.

NEW YORK, May 27, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600:  FedEx Freight Holding Company (NYSE: FDXF) will replace EPAM Systems Inc. (NYSE: EPAM) in the S&P 500, and EPAM Systems will replace Shutterstock Inc. (NYSE: SSTK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, June 2. S&P 500 & 100 constituent FedEx Corp. (NYSE:FDX) is spinning off FedExFreight Holding in a transaction expected to be completed June 1.