News Breaks |
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| October 10, 2012 |
| 12:01 EDT |  | CMI, TRLG, HELE, CVX, AA, YUM, EADSY, FDX | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite positive results from Alcoa (AA) and Yum! Brands (YUM) after the bell last night. Stock futures traded near fair value for most of the pre-market trading session, leading to a quiet open for the broader market. The averages opened slightly higher, but immediately began drifting and then fell into negative territory. The market continued to edge lower, once again in a defensive mode... ECONOMIC EVENTS: Domestically, U.S. wholesale sales rebounded 0.9% in August, with inventories up 0.5%, both slightly better than analysts’ forecasts. The pick- up in sales broke a string of three straight monthly declines. The 0.1% July sales dip was revised a little lower to -0.2%. Inventories were revised from a 0.7% July gain to 0.6%. The August inventory-sales ratio dipped to 1.20 from 1.21. In Europe, the IMF said European banks may need to increase their asset sales by 18%, or up to $4.5T by year end 2013 to stem the fiscal crisis...COMPANY NEWS: BAE Systems (BAESY) and EADS (EADSY) announced that they have decided to terminate their merger discussions. The companies said, "Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger.” FedEx (FDX) reaffirmed both Q2 and FY13 EPS estimates, sending the stock higher by about 5%. Cummins (CMI) lowered its FY12 revenue and EBIT guidance and announced a workforce reduction of 1,000-1,500 employees by year-end… MAJOR MOVERS: Among the notable gainers were True Religion (TRLG), up more than 21% after announcing that its Board has formed a special committee to explore a potential sale of the company, and Yum! Brands (YUM), up over 8% after beating Q3 EPS estimates and raising its FY12 adjusted EPS view. Among the noteworthy losers were Helen of Troy (HELE), down over 9% after missing Q2 estimates and cutting FY13 EPS guidance, and Chevron (CVX), down about 4% after noting that its Q3 EPS will be “substantially lower” than Q2 in its interim update... INDICES: Near noon, the Dow was down 74.38, or 0.55%, to 13,399.15; the Nasdaq was down 7.20, or 0.23%, to 3,057.82; and the S&P 500 was down 5.53, or 0.38%, to 1,435.95. |
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News For AA;YUM;EADSY;FDX;CMI;TRLG;HELE;CVX From The Last 14 Days Check below for free stories on AA;YUM;EADSY;FDX;CMI;TRLG;HELE;CVX the last two weeks. |
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| June 19, 2013 |
| 12:09 EDT | | FDX | On The Fly: Midday Wrap
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| 10:02 EDT |  | FDX | FedEx trades up after earnings beat, levels to watch
The company reported results of $2.13 for its Q4 versus consensus of $1.96. Shares are trading up today, but not aggressively. That may have much to do with what the Street is characterizing as conservative guidance. At the current price of $101.56, next resistance is at $103.05, a recent pivot high. There is a small bullish flag on a one day chart, 5-minute basis, that has an upside objective roughly to that level. Support is at $100.68. |
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| 09:38 EDT |  | FDX | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU |
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| 09:27 EDT |  | FDX | FedEx says buying airplanes for replacement, not for capacity growth
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| 09:25 EDT | | AA | Boeing, Alcoa form 'closed loop' program to increase alloy recycling
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| 09:24 EDT | | FDX | On The Fly: Pre-market Movers
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| 09:03 EDT |  | FDX | FedEx guidance for FY14 looks conservative, says Citigroup
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| 08:54 EDT |  | FDX | FedEx sees Q1 EPS growth to be 'solid but challenged'
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| 08:45 EDT | | FDX | FedEx continues to see U.S. GDP to grow 2% in CY13
Projects U.S. GDP growth of 2% for calendar year 2013 and 2.5% for calendar year 2014. Expects industrial production growth of 2.8% in calendar 2013 and 3.5% in calendar 2014. Projections from FedEx Q4 earnings conference call. |
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| 07:37 EDT | | FDX | FedEx reports Q4 FedEx Freight revenue down 1% to $1.39B
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| 07:36 EDT | | FDX | FedEx reports Q4 FedEx Ground revenue up 12% to $2.78B
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| 07:35 EDT | | FDX | FedEx reports Q4 FedEx Express revenue up 3% to $6.98B
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| 07:32 EDT | | FDX | FedEx sees FY14 EPS growth 7%-13%, consensus $7.36
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| 07:30 EDT | | FDX | FedEx reports Q4 EPS ex-items $2.13, consensus $1.96
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| 06:06 EDT |  | EADSY | EADS to keep defense business, but consider its options, Reuters reports
EADS CEO Tom Enders said the company has no plans to give up its defense business but is open to seeking alternatives for parts of it, according to the German newspaper Die Welt, reports Reuters. Reference Link |
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| June 18, 2013 |
| 15:46 EDT | | FDX | FedEx June 100 straddle priced for 4.3% movement into Q4
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| 14:59 EDT | | FDX | Notable companies reporting before tomorrow's open
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| 10:48 EDT | | EADSY | AIG subsidiary expands order for LEAP-1A engines
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| 09:37 EDT | | CVX | BNP Paribas to broker Chevron Nigeria oil sales, Reuters reports
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| 07:13 EDT | | CVX | U.S. oil exports highest in 30 years, Bloomberg reports
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