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Investment thesis
FedEx's (FDX) stock has been under pressure over the last couple of years thanks to the U.S.-China trade dispute (which has led to a slowdown in industrial - most profitable end market for FedEx), uncertainty over Brexit which has affected European economies, issues with TNT integration, upfront cost incurred in expanding six and seven days delivery, and exiting Amazon (AMZN) business.
While Wall Street is currently obsessed with Amazon threat and