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MARKETS LIVE BLOG:

STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Better Stock Buy Now: FedEx or UPS?

Daniel Foelber, The Motley Fool
·6 min read
Better Stock Buy Now: FedEx or UPS?

FedEx (NYSE: FDX) stock suffered its largest single-day decline in company history last week after it cut its full-year fiscal 2023 guidance and gave a disappointing outlook for the first half of the fiscal year (which ends May 31, 2023). United Parcel Service's (NYSE: UPS) stock price fell 4.5% in sympathy, but it was not nearly as severe when compared to FedEx's 21.4% decline. FedEx stock is now down more than 50% from its all-time high set in May 2021, while UPS is only down 27.4% from its all-time high set in February.

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