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The risks around oil have changed with the drone strikes in Saudi Arabia -- but while disruption in supply should be easily absorbed by the rest of the market, sentiment changed before price.
Aside from FedEx, here are several restaurant and food (including pet food) companies reporting earnings to watch this week.
Hanesbrands is one consumer cyclical offering a 3.8% dividend yield.
It is managing the trade and deciding when to reduce positions that impact results far more than anything else.