With Oil up big today and all week the stock market was red across the board today. Fed Ex announced they were lowering their 4th quarter earning’s expectations due to higher fuel costs. They report on May 31st, but the bigger issue here is that many people use Fed Ex as a measure on how the US economy is doing. So the broad sell off today looks like a good opportunity for some of our “US” companies that have excellent exposure to foreign markets. Also some of the companies that we have been talking about here were effected by this sell off, FCX in particular was a great opportunity to add to your position.

(FDX: 54.32 -1.86 -3.31%, cap: 16.894B)