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2021-09-23
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Stephen Weiss Shares His Next Steps For His FedEx Position
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Labor costs and shortage are the main concern for the company, but Weiss expects the labor issues are going to loosen up now that we are done with the summer. He has cut his position right after the call when the stock was trading $6 lower, but he decided to add to the position on Wednesday.</p>\n<p>For him, the story hasn't changed. It has only been pushed back for a couple of quarters. He is staying with the stock and he is going to continue to add to his long position as the stock stabilizes.</p>\n<p>Weiss expects FedEx to perform better than <b>United Parcel Service, Inc.</b> (NYSE: UPS) going forward. Union discussions coming up for UPS and they're going to be much tougher than going out and hire people. FedEx wasn't making money on the <b>Amazon</b> deal, so it got rid of it. 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