Cloudy for the Saudi Future, FedEx Shipping Weakness, and Mortgage Mayhem
Trendi21 Maalis 2023

Cloudy for the Saudi Future, FedEx Shipping Weakness, and Mortgage Mayhem

Oil companies have been booming over the last year and no one has benefited more than Saudi Aramco, the state-owned oil and gas company based in Dhaharan, Saudia Arabia. One of the largest oil companies in the world has recorded the largest profit ever earned by a company. Saudi Aramco made $161 billion in net income, we think oil will continue to trend up in the short term, but over the long term will be a fuel source of the past.


FedEx is showing some weakness in its performance and will trend down in the short term if they don't take action to be more efficient and generate new cash.


After SVB's collapse mortgage rates fell 1% this past week and bitcoin is up 67%, but don't rush out to buy a house or any crypto just yet. We'll dive into the trend to give you the takeout you need to know.


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Jaksot(64)

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