Federal Express just announced its conference call and FedEx is known as the bellwether of the global economy. In its latest quarterly announcement, it was forecast of above 2% growth in the global economy and there was also a rise in packages and volume sent in the last quarter. So far so good and it looks like the bull still has some room to run.
So what other companies earning is important to note for global economic health?
A simple check will be the top constituents in the MSCI Index. As of this writing, it’s as below
- General Electric (In particular the sales in China to estimate the growth in second largest economy)
- 3M Co
- Honeywell International
- United Technologies Corp
- Union Pacific Corp
- Lockheed Martin Corp (Would exclude this as it’s in the defense sector)
- United Parcel Service
- Caterpillar (This is a good gauge as the items are big ticket items and does reflect corporate optimism in the industry)