Here's Why You Should Hold on to FedEx (FDX) Stock Now

FedEx Corporation’s (FDX) cost-cutting initiatives are commendable. The announcement of DRIVE, a comprehensive program to improve the company’s long-term profitability, is impressive. However, weakness in FDX's largest segment, the Express unit, owing to volume-related woes is a major headwind.Factors Favoring FDXFedEx's efforts to control costs in the face of persistent revenue weakness are impressive. The announcement of DRIVE is expected to result in permanent savings of $1.8 billion this fiscal year and ...