FedEx profits rise 7 percent

FedEx profits rise 7 percent (via AFP)

Global package delivery giant FedEx Wednesday reported a 7 percent rise in first-quarter earnings, fueled by growth in some segments and lower operating costs in others. Profits at FedEx, which is often seen as a proxy for global economic activity,…

Southpoint Capital likes these stocks [Q1 Letter]

Clint Carlson Far ViewSouthpoint Qualified Fund and Southpoint Qualified Offshore Fund returned 2.5% net for the first quarter, compared to the S&P 500's 6.2% return and the Russell 2000's 12.7% gain. During the first quarter, Southpoint's funds averaged 133% long and 70% short. Q1 2021 hedge fund letters, conferences and more The fund's long positions added 13% gross Read More

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