Chart of Day: Stock Pumps on Port Strike

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Keep an eye on FedEx (SYM: FDX). After gapping from about $308 to $253.50, the stock is just starting to pivot higher. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $273, we’d like to see a near-term gap refill at $308. The stock is also pushing higher with the port strike. The idea is that demand for air freight could jump with the strike. Right now, according to Investopedia, “Following months of stalled negotiations over a new labor contract, members of the International Longshoremen’s Association are reportedly planning a walkout beginning Tuesday. The expected labor action by the 47,000-member union would disrupt activities at some of the country's biggest ports and cause rippling impacts throughout the economy.” They also noted that, “Analysts at investment banking firm Stifel said companies with air freight capacity—including FedEx and logistics rival United Parcel Service (UPS)—are positioned to benefit from a potential dockworker strike as shippers turn to the skies to sidestep the affected port facilities.” Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You further understand that we will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained in Daily Guru Trades may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Daily Guru Trades’ past results are not necessarily indicative of future performance. Employees of Daily Guru Trades are subject to certain restrictions in transacting for their own benefit. SPECIFICALLY, EMPLOYEES ARE NOT PERMITTED TO BUY OR SELL ANY SECURITY RECOMMENDED FOR THREE (3) TRADING DAYS FOLLOWING THE ISSUE OF A REPORT OR UPDATE. Daily Guru Trades’ Newsletter contains Daily Guru Trades’ own opinions, and none of the information contained therein constitutes a recommendation by Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Daily Guru Trades’ past results are not necessarily indicative of future performance. DO NOT EMAIL Daily Guru Trades SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH WE CANNOT PROVIDE. The Editor's personal investing goals and risk tolerance may be substantially different from those discussed in the Newsletter and/or circumstances may have changed by the expiration of the three day restricted period, the investment actions taken by the Editor in the accounts the Editor directly or indirectly owns may vary from (and may even be contrary to) the advice and recommendations in the Newsletter.Investing involves substantial risk. Neither the Editor, the publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from using the Newsletter. While past performance may be analyzed in the Newsletter, past performance should not be considered indicative of future performance. No subscriber should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing the prospectus and other public filings of the issuer. To the maximum extent permitted by law, the Editor, the publisher and their respective affiliates disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations in the Newsletter prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. The Newsletter's commentary, analysis, opinions, advice and recommendations represent the personal and subjective views of the Editor and are subject to change at any time without notice.The information provided in the Newsletter is obtained from sources which the Editor believes to be reliable. However, the Editor has not independently verified or otherwise investigated all such information. Neither the Editor, the publisher, nor any of their respective affiliates guarantees the accuracy or completeness of any such information. The Newsletter is not a solicitation or offer to buy or sell any securities. Further, the Newsletter is in no way intended to be a solicitation for any services offered by Daily Guru Trades Neither the Editor, the publisher, nor any of their respective affiliates are responsible for any errors or omissions in the Newsletter. You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these partner emails, please unsubscribe here.