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Stock Market & Financial Investment News

News Breaks
March 19, 2014
06:12 EDTUNP, CNW, NSC, UPS, CSX, YRCW, FDXFedEx results to show how much winter hurt whole freight industry, WSJ reports
FedEx reports Q3 earnings this morning, and the Wall Street Journal suggests it will offer a look into how badly this winter hurt the air-express business, but the wider U.S. freight and transportation industry. Reference Link
News For FDX;UPS;CNW;YRCW;NSC;UNP;CSX From The Last 14 Days
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February 2, 2016
07:48 EDTUPSUPS reports Q4 Domestic revenue up 2.6% to $10.3B
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07:47 EDTUPSUPS reports Q4 package deliveries up 1.8% to 1.3B
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07:46 EDTUPSUPS reports Q4 adjusted EPS $1.57, consensus $1.42
Reports Q4 revenue $16.1B, consensus $16.28B.
07:19 EDTNSCPennsylvania dems raise concern over potential CP-Norfolk deal, Reuters says
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06:24 EDTUPSOptions expected to be active
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05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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February 1, 2016
14:32 EDTUPSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
13:25 EDTUPSUPS February weekly 93 straddle priced for 3.9% movement into Q4
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11:38 EDTUPSEarnings Preview: UPS sees Q4 operating profit growing at double-digit pace
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11:05 EDTUPSUPS technical commentary ahead of earnings
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January 29, 2016
11:45 EDTUPSUPS volatility elevated into Q4 and outlook
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January 28, 2016
10:42 EDTNSCNorfolk Southern upgraded to Market Perform at Avondale (pre-open)
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09:37 EDTNSCNorfolk Southern downgraded to Neutral from Buy at Buckingham
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09:15 EDTYRCWYRC Worldwide 1.1M share Block Trade priced at $10.68
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January 27, 2016
16:36 EDTNSCOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory as sliding oil prices and disappointing guidance from Apple (AAPL) and Boeing (BA) had investors on the defensive. The averages reversed and moved into positive territory following a rally in oil, which came despite the weekly Department of Energy inventory build up coming in higher than expected. The market pared its gains heading into the Fed's rate announcement and then moved sharply lower following the central banks comments about lower growth in U.S. in 2016. Other comments were less dovish than expected and the market sold off into the close. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision was issued at 2:00 pm, with the Federal Reserve keeping interest rates unchanged and commenting that the "Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate... Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further." COMPANY NEWS: Apple (AAPL) declined $6.55, or 6.55% to $93.44 after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, with that distinction going to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted $11.43, or 8.93%, to $116.58 after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Shell (RDS.A, RDS.B) investors approved the company's proposed acquisition of BG Group (BRGYY), with roughly 83% of votes cast in favor of the deal. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which added 8.7% to its already meaningful gains over the past several days after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote. Also higher was Freeport McMoRan (FCX), which gained 10.95% to $4.66 after Indonesia's energy minister said he is "certain" of finding a solution to extend the company's copper export permit and as analysts applauded the company's decision to consider selling mining assets to pay down debt. Meanwhile, United Technologies (UTX), Biogen (BIIB) and Norfolk Southern (NSC) rose 0.19%, 5.15% and 1.44%, respectively, following their earnings reports. Among the noteworthy losers was DeVry (DV), which crashed 15.4% to $20.09 after the FTC filed suit over its allegedly deceptive marketing, with the Department of Education also announcing actions against the for-profit education company. Also lower were U.S. Steel (X), VMware (VMW) and Anthem (ANTM), which lost 14.35%, 9.82% and 4.74%, respectively, following their earnings reports. INDEXES: The Dow fell 222.77, or 1.38%, to 15,944.46, the Nasdaq lost 99.51, or 2.18%, to 4,468.17, and the S&P 500 declined 20.68, or 1.09%, to 1,882.95.
08:07 EDTNSCNorfolk Southern provides further details in expense savings
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08:06 EDTNSCNorfolk Southern expects to reduce headcount by 2,000 employees by 2020
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08:05 EDTNSCNorfolk Southern plans to reduce costs, achieve annual savings of $650M by 2020
Norfolk Southern announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The company's projected expense reduction and disciplined cost control initiatives are in the categories of compensation and benefits, purchased services and rents, materials, and fuel. The company expects to achieve annual productivity savings of more than $650M per year by 2020, growing from an initial $130M in 2016. With this plan, Norfolk Southern expects to improve consistency, reliability, and availability, resulting in a faster, lower cost, and more profitable railroad. The Company has already begun implementing the plan and expects associated net benefits to begin appearing in Norfolk Southern's financial results beginning in the first half of 2016. The strategic plan, which was announced on Dec. 4, 2015, is the result of a six-month, comprehensive evaluation of the company's business model, including customer service, network performance efficiency measures, and revenue growth. As a result of these measures, the Company expects to achieve an operating ratio below 70 in 2016 with additional improvements driving OR to less than 65 by 2020, with double digit annual EPS growth, increased ROE and higher return of capital.
08:03 EDTNSCNorfolk Southern reports Q4 EPS $1.20, consensus $1.23
Reports Q4 revenue $2.52B, consensus $2.57B. Results included expenses related to restructuring the company's Triple Crown Services subsidiary and closing its Roanoke, Va., office, which together reduced fourth-quarter net income by $31 million, or 10c per share.
07:43 EDTFDXStephens says FedEx among favorites names over next 12-24 months
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