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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These names are displaying both technical and quantitative deterioration.
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I think that it's pretty telling that Amazon is up and United Parcel and FedEx are down.
Next week we are likely to see some shift in the focus of the market as we move back to macro and big picture issues.