FedEx Momentum Soars On Possible Billion-Dollar Windfall As Federal Court Rejects Trump's Bid To Stall Tariff Refunds

FedEx Corp. (NYSE:FDX) has broken into the top 10% of the market momentum according to the latest Benzinga Edge Rankings. On Monday, a federal court denied the Donald Trump administration’s request to delay refunds for billions of dollars in tariffs previously deemed illegal by the Supreme Court.

Sustained Technical Strength

The stock’s technical profile remains exceptionally robust, showing positive price trends across short, medium, and long-term horizons. The shipping giant's momentum score climbed from 89.92 to 90.47 week-on-week, fueled by a landmark legal verdict that could result in a massive cash infusion.

Beyond legal catalysts, FedEx is executing an ambitious strategy targeting a $3 billion operating income surge by 2029. Despite the rapid price appreciation, the stock maintains a value score of 74.82, suggesting it is still fairly valued relative to its peers.

Benzinga Edge’s Stock Rankings show a quality score of 82.07; the company's financial health and operational efficiency provide a solid fundamental floor as FDX awaits its next financial update on March 19.

Legal Victory Clears Path For Refunds

The U.S. Court of International Trade is now authorized to formulate relief for businesses that contested global tariffs imposed under the International Emergency Economic Powers Act (IEEPA).

While the administration sought a 90-day delay, the court ruled that “the proper time to issue the mandate is now”. FedEx, which filed a lawsuit seeking a “full refund” of all duties paid, stands as one of the primary beneficiaries of this $133 billion pool of contested funds.

FDX Jumps Nearly 30% YTD

FDX has surged 63.95% over the last six months and is up 29.25% year-to-date, significantly outperforming broader indices.

The stock was 49.10% higher over the year. On Thursday, the stock closed 2.80% lower at $373.35 apiece, and it was 0.57% lower in premarket.

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