out hard hit names fedex and american airlines down 20% ups, jb hunt, noefrlg southern auto getting crushed with fedex earnings out next week could it deliver a bounce dan makes maontrarian call and on fed zbleeks so bad it's good means contrarian it's hard to press names down so much fedex down 20% since the december 3rd post g20 gap remember we had the trade deal with china and the stock market gapped up. we have sold off since fedex has been down about 21% since then most of the 25% decline on the year the options market is implying about a 5.5% move in either direction next woke. that is rich to its average over the last four quarters of 3.75%. moved on average the last ten years about 3.5% i think given in massive move over the last few weeks there is a lot of bad news that is probably in the stock right here that being said, i think it's kind of a poster child for all of the issues you mentioned that are weighing on u.s. stocks and global stocks for that matter. so to me the way i look at this thing is it's trading about 11 times this year's expected earnings growth of 14%, 9% sales growth it's trading like investors don't believe that those numbers are ac