FedEx Paints a Macro Picture

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 26 June 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

2024 was a year of uncertainty for FedEx and the business of getting goods from A to B. Looking out to 2025, they expect shipping to pick up again. (00:21) Asit Sharma and Dylan Lewis discuss: - Rivian and Volkswagen’s partnership and why capital and scale are the name of the game in electric vehicles. - FedEx’s year focusing on costs paying off, and what their outlook says about the general macro picture. (15:24) Adam Ante, CFO of Paycor, walks Ricky Mulvey through how the company fits into the landscape of payroll and HR software and the investment thesis behind naming an NFL Stadium. Companies discussed: RIVN, VWAPY, FDX, PYCR, PAYC Host: Dylan Lewis Guests: Asit Sharma, Adam Ante, Ricky Mulvey Producer: Ricky Mulvey Engineers: Tim Sparks, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rivian goes Vroom Vroom room and FedEx delivers. Motley Full Money
0:08.6	starts now. I'm Dylan Lewis and I'm joined over the airwaves by Motley Full analyst,
0:24.0	Osset Sharma.
0:25.0	Osset, thanks for joining me.
0:26.0	Dylan, I'm excited to be with you today.
0:29.0	We've got a look at two businesses up big this week
0:32.0	and I'm excited to dig into them.
0:34.0	We've got FedEx and Rivian both on the move both in the green.
0:37.8	We also have a check-in with a CFO on software spend and naming rights for NFL stadiums.
0:43.0	Acet, let's kick off with the biggest of the big movers today.
0:47.0	Electric vehicle maker, Rivian, up over 25% this week.
0:51.0	After news out that Volkswagen is going to be putting five billion
0:54.7	dollars into the business I'm going to run through the terms of this quick and
0:59.2	then I want to get your take that five billion is broken up into a few different pieces.
1:04.0	Rivian's getting a $1 billion initial injection,
1:07.0	plan to grow to a $3 billion stake from Volkswagen over time,
1:11.0	and then a $2 billion investment in a joint venture company that will
1:15.8	supply future vehicles for both Volkswagen and Rivian.
1:20.5	Market clearly love the news for Rivian here. What do you see? market clearly good
1:24.7	good for rivian here
1:26.1	it's clearly good for rivian which has been burning cash on its way to
1:31.5	gaining scale in the EV industry.
	...

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