At the top of Friday's "Mad Money" program, host Jim Cramer talked about a number of companies that were set to report their quarterly earnings this week. On Tuesday, FedEx Corp. (FDX) is set to report, and the company has been struggling. But it's a great conference call to get a feel on the economy, Cramer said. Let's check and see what the charts and indicators look like for this key transportation stock.
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Shares have rebounded smartly to challenge the declining 50-day moving average line.
The detrended Rydex ratio remains very bullish.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
This is still a very difficult market for individual stock picking as the action is strongly correlated.