Fedex Energizes Guidance Zombies

Fedex (FDX) popped its guidance and drove its stock to a 52 week high. If you are a guidance zombie and just react to any damn thing any damn management says then go ahead and trade your brains out. The press release issued by the corporation is pathetically underpowered. You are expected to rely on the following absolute statements uttered by Alan B. Graf Jr., FedEx Corp. EVP and CFO.

1. Better than expected growth in INTL Priority and Fedex Ground. This establishes the top line growth that the market craves.
2. Cost cutting is still a factor but definitely plays second fiddle to revenue
3. Asia and Latin America are particularly encouraging.

No other detail is provided but stay tuned for the complete earnings release which is scheduled for Dec 17, 2009. The devil is in the details. The guidance increase is just the flashy surface stuff.