Out Fox The $treet - December 18, 2019
Stocks to watch on Wednesday:
Slack (WORK) - report after report continues to suggest Microsoft (MSFT) has become aggressive in pushing Office clients into their competitor to Slack. Teams now has far more users and Slack is facing decelerating growth. My price target remains $17.50 and the chart suggests the risk remains to the downside.
FedEx (FDX) - the package delivery company remains a disaster. The stock appears to have more downside risk after another quarter of missing analyst estimates. FedEx is an interesting stock to watch as the company inevitably hits bottom as Europe improves.
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