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Stock Market & Financial Investment News

News Breaks
April 18, 2013
10:00 EDTFDX, EWBC, ALKS, TSM, EXPD, EBAY, HBAN, ESE, APAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alkermes (ALKS) downgraded to Neutral from Buy at Mizuho... Apache (APA) downgraded to Neutral from Overweight at JPMorgan... eBay (EBAY) downgraded to Neutral from Outperform at Macquarie... ESCO Technologies (ESE) downgraded to Perform from Outperform at Oppenheimer... East West Bancorp (EWBC) downgraded to Market Perform from Outperform at BMO Capital... Expeditors (EXPD) downgraded to Underperform from Sector Perform at RBC Capital... FedEx (FDX) downgraded to Underperform from Sector Perform at RBC Capital... Huntington Bancshares (HBAN) downgraded to Neutral from Buy at Compass Point... TSMC (TSM) downgraded to Equal Weight from Overweight at Morgan Stanley... eBay (EBAY) downgraded at Macquarie... East West Bancorp (EWBC) downgraded at Sterne Agee.
News For ALKS;APA;EBAY;EWBC;ESE;EXPD;FDX;HBAN;TSM From The Last 14 Days
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March 18, 2015
09:09 EDTFDXFedEx CFO says 'not ruling out' larger buybacks, currently buying 'steadily'
FedEx CFO Alan Graf said on the company's Q3 call, in response to a question about the company's balance sheet and taking on debt, that he "couldn't help" himself on taking on more debt than needed for Genco since "rates were so good" that FedEx could take advantage of what is in a sense "essentially free equity." Graf added that he is "not ruling out" further, larger buybacks, but at the moment FedEx is "steadily" buying back shares to prevent dilution.
09:03 EDTFDXFedEx says 400K share bought back during Q3
FedEx noted on its Q3 call that it did continue its stock buyback during the quarter and bought 400,000 shares back and that it plans to continue to buyback shares to prevent dilution from compensation programs. The company said its capital plan "remains steady as she goes, with expansion at Ground continuing. Ground's "substantial" CapEx is needed to continue to build automated hubs and satellites to handle the additional traffic that the company is expecting, FedEx executives noted.
08:57 EDTFDXFedEx says too early to talk about significant shifts in trade due to dollar
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08:54 EDTFDXFedEx CFO says company projecting 'record' earnings again for FY16
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08:40 EDTFDXFedEx sees U.S. GDP to grow 3.1% in 2015, 2016
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07:36 EDTFDXFedEx says Ground average daily volume grew 7% in Q3
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07:35 EDTFDXFedEx says expects to deliver 'record' Q4, FY earnings
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07:35 EDTFDXFedEx says share repurchases had 11c y/y positive impact on Q3 EPS
07:33 EDTFDXFedEx CEO says company had 'very successful' peak season
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07:32 EDTFDXFedEx reports Q3 FedEx Express segment revenue $6.66B
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07:31 EDTFDXFedEx sees FY15 EPS $8.80-$8.95, consensus $8.87
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07:30 EDTFDXFedEx reports Q3 EPS $2.01, consensus $1.87
Reports Q3 revenue $11.7B, consensus $11.79B.
March 17, 2015
15:18 EDTFDXNotable companies reporting before tomorrow's open
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14:38 EDTFDXFedEx technical comments ahead of earnings
The shares have been trading in a range largely bound by $170 at the low and $180 at the high since December of last year. So well-defined is the range that the 50-day moving average has gone flat, neatly bisecting the range at $174.63. These bounds may help us better understand where the shares may move following results. A breakout above $180 on strong news or outlook would resolve this range bullishly. The life high at $183.51 would very likely be tested, opening up a run to the $185 to $190 area. When ranges resolve, they tend to exhibit strong price reactions which could easily exceed the reaction expected by straddle pricing. On neutral news, the stock may fall near the 50-day moving average. If the news is a bearish surprise, we could expect the low of the range to be tested at the $170 area. It would take a break below that range low to turn the trend to bearish. Next support in that event would be at $167.62.
14:28 EDTFDXFedEx March 177 straddle priced for 3.6% movement into Q3
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08:45 EDTEBAYeBay marketplaces GMV to accelerate in 2H15, says Bernstein
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08:34 EDTFDXFedEx March volatility elevated into Q3 and outlook
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07:01 EDTEBAYeBay launches Sotheby's live auctions experience
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06:42 EDTEBAYeBay to start selling Sotheby items today, NY Times says
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06:02 EDTHBANHuntington Bancshares to add 250 jobs in Michigan
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