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Stock Market & Financial Investment News

News Breaks
November 28, 2012
05:55 EDTSWFT, SWFT, SWFT, COP, COP, COP, NAV, NAV, NAV, WPRT, WPRT, WPRT, CMI, CMI, CMI, ECA, ECA, ECA, R, R, R, XOM, XOM, XOM, UPS, UPS, UPSAmerican Trucking Association is hosting a summit
ATA Summit on Natural Gas in Trucking is being held in Arlington, Virginia on November 28-30.
News For COP;NAV;WPRT;CMI;ECA;R;XOM;UPS;SWFT From The Last 14 Days
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October 23, 2014
16:08 EDTSWFTSwift Transport sees FY15 adjusted EPS $1.62-$1.72, consensus $1.65
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16:08 EDTSWFTSwift Transport sees FY14 adjusted EPS $1.29-$1.33, consensus $1.27
16:06 EDTSWFTSwift Transport reports Q3 adjusted EPS 39c, consensus 35c
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15:39 EDTUPSNotable companies reporting before tomorrow's open
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14:08 EDTUPSEarnings Preview: UPS sentiment mixed ahead of Q3 report
United Parcel Service (UPS) is expected to report third quarter earnings on Friday, October 24, before the market open with a conference call scheduled for 8:30 am ET. UPS is a package delivery company and provider of global supply chain management solutions. EXPECTATIONS: Analysts are looking for earnings per share of $1.29 on revenue of $14.2B, according to First Call. The consensus range for EPS is $1.24-$1.35 on revenue of $14.01B-$14.41B. LAST QUARTER: UPS reported second quarter adjusted EPS of $1.21 against estimates for $1.25, on revenue of $14.27B against estimates for $14.1B. On its Q2 report, the company lowered its fiscal 2014 adjusted EPS view to $4.90-$5.00 from the "low end" of the $5.05-$5.30 range, compared to consensus of $5.09. The company announced plans to increase 2014 operating expense for capacity and peak related projects to a total of $175M. CFO Kurt Kuehn said, "These initiatives will increase operating expense this year, but will provide financial benefits for years to come." On its Q2 conference call, management said it would treat Black Friday as a full operating day this year. They expect a "very strong" peak season and said "all options are on the table" going forward after they evaluate their peak season performance, including consideration of a surcharge. STREET RESEARCH: Street research has been mixed in the weeks leading up to UPS’s Q3 earnings report. On July 30 Bernstein said weakness in UPS shares was overdone following its Q2 report. Bernstein remained encouraged by the company's U.S. margins and volume growth. It viewed the stock as undervalued and kept an Outperform rating on the shares. On July 31, Atlantic Equities downgraded UPS to Neutral from Overweight. On September 26, Argus said UPS weakness created a buying opportunity. Argus noted that UPS had already begun hiring temporary workers and building remote villages ahead of the 2014 holiday shopping season. The firm thought the company will benefit from these extra workers into 2015, and it expects the company to benefit from a number of positive trends. It said the stock has a fair value of $115 and kept a Buy rating on the shares. PRICE ACTION: UPS shares have traded modestly higher since Q2 results were released. The stock has gained over 7% over the past twelve months. In afternoon trading ahead of Friday's Q3 report, UPS shares are up more than 1.8%.
08:41 EDTRRyder weakness a buying opportunity, says RW Baird
Baird said they were buyers on weakness of Ryder as the pullback as the firm believes the company is in the early stages of a multi-year transportation outsourcing story. Baird reiterated its Outperform rating and $103 price target on Ryder shares.
07:51 EDTRRyder should be bought on weakness, says RBC Capital
After Ryder reported higher than expected EPS from continuing operations, RBC Capital thinks the company's margins will continue to rise over the next few years, while the stock has multiple additional catalysts, including higher than expected earnings going forward. The firm keeps a Top Pick rating.
October 22, 2014
16:33 EDTROn The Fly: Closing Wrap
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15:14 EDTRRyder weakness is a buying opportunity, says RBC Capital
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10:24 EDTUPSUPS October weekly volatility elevated into Q3 and outlook
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08:00 EDTRRyder expects to record non-cash pension settlement charge in Q4
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07:57 EDTRRyder sees Q4 EPS $1.56-$1.61, consensus $1.59
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07:57 EDTRRyder narrows FY14 comparable EPS view to $5.55-$5.60 from $5.50-$5.60
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07:56 EDTRRyder reports Q3 comparable continuing ops EPS $1.63, consensus $1.63
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07:47 EDTECAEncana reinstated with a Neutral at Credit Suisse
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07:34 EDTXOMFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.
October 21, 2014
15:35 EDTRNotable companies reporting before tomorrow's open
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October 20, 2014
16:39 EDTUPSUPS 2015 rates for ground, air, international,freight, air freight to be up 4.9%
UPS released new published rates for 2015. UPS Ground, Air, International, UPS Freight, and UPS air freight rates within and between the U.S., Canada, and Puerto Rico will increase an average of 4.9%. The increase is effective Dec. 29.
06:12 EDTSWFTSwift Transport upgraded to Buy from Neutral at Citigroup
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October 17, 2014
06:56 EDTSWFTSwift Transport added to short-term buy list at Deutsche Bank
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