FedEx Near 52-Week High Ahead Of 3Q Earnings: High Oil Prices A Concern

FedEx (FDX) is scheduled to report 3Q 2012 earnings before the bell on Thursday, March 22. The results are typically disseminated at 7:30 a.m. EST and will follow with a conference call at 8:30 a.m. Profits from FedEx are widely seen as a proxy for economic growth and tend to heavily influence the broader market gauges, including the equity index futures. FedEx shares are near a 52-week high in advance of the 3Q earnings release, following a solid report back in early February from rival UPS and the strengthening domestic economy….

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