Delivery giant FedEx Corp. (FDX) has shed about $25 billion in market value over the past year as its stock plunged roughly 40%. FedEx’s stock is likely to slide even further amid strong headwinds including the ongoing U.S.–China trade conflict, a slowing global and U.S. economy, and the recent severing of ties with e-commerce giant Amazon.com Inc. (AMZN). The most immediate news creating the gloomy outlook is FedEx’s recent lowering of its annual profit forecast, citing a number of factors, according to a Wall Street Journal story on the company’s challenges as detailed below.
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