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Good morning. Today is Thursday, September 19th. I'm Julie Morgan. FedEx reports earnings today.

Are Weymo and Hyundai teeming up and Boeing gets an aircraft order?

FedEx is set to post first quarter results today after markets close.

Wall Street expects FedEx to post a $4.77, implying a rise of $4.8% while revenue is expected to rise 1% to 21.91 billion.

The stock has gained over 17% so far this year, compared to the 18% rise in the broader S&P 500 index.

In June, FedEx top consensus estimates with its fiscal Q4 earnings report and set revenue guidance ahead of expectations.

Seeking Alpha Analysts Ray Marola pointed out that the company's drive initiative,

including the One FedEx and Network 2.0 initiatives, are helping to drive cost reduction and

efficiency.

Over the last two years, the company has beaten EPS estimates 88% of the time, and has beaten revenue estimates 13% of the time.

Seeking Alpha analyst and Wall Street are bullish and rated the stock a buy while seeking alphas quant rating considers it a

hold.

Over the last three months, EPS estimates have seen two upward revisions and 11 downward

revisions, while revenue estimates have seen one upward

revision versus six downward moves. FedEx will hold its earnings call at

5.30 p.m. with the key being the expectations for the holiday season and

implications of the end of the USPS contract. FedEx continued gains for an

eighth straight session on Wednesday as the stock closed 0.28% higher at $298.17.

Pre-market FedEx is up 1.3%.

Alphabet's Weymo is reportedly in talks with Hyundai Motor to outsource manufacturing

of its self-driving vehicles.

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