FedEx's earnings disappointment and outlook warning earlier this week were a 'wake-up call,' says the 'Mad Money' host.
host said he's feeling a new level of "anxiety about industrial" companies. "Small- and medium-sized businesses [are] doing well; big industrial just not doing well."
Smaller companies are faring OK because U.S. consumer activity, which accounts for two-thirds of the American economy, is holding up.Shares of FedEx plunged nearly 13% on Wednesday after the company late Tuesday blamed the U.S.-China trade war and the loss ofFedEx also lowered full-year guidance for fiscal 2020.on Tuesday's post-earnings conference call with analysts said, "There is a lot of whistling past the graveyard about the U.S.
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