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Stock Market & Financial Investment News

News Breaks
June 18, 2014
11:42 EDTUPS, FDXFedEx hits 52-week high after results top expectations
Shares of package delivery company FedEx (FDX) hit a fresh 52-week high after the company's fourth quarter results beat analysts' consensus estimates. WHAT'S NEW: This morning, FedEx reported Q4 earnings per share of $2.46 and revenue of $11.8B, topping analysts' consensus estimates of $2.36 and $11.66B, respectively. The company posted Express segment revenue of $7B vs. $6.98B last year, Freight segment revenue of $1.55B-$1.39B last year and Ground segment revenue of $3.01B vs. $2.78B last year. The company said Ground average daily volume grew 8% in the quarter, primarily driven by growth in e-commerce. WHAT'S NOTABLE: The company forecast fiscal 2015 EPS of $8.50-$9.00, compared to consensus of $8.76. This outlook assumes continued moderate economic growth. Capital spending for the year is expected to be around $4.2B. CFO Alan B. Graf, Jr. expects FY15 results to benefit from "base performance improvement and ongoing execution of our profit improvement initiatives at FedEx Express, continued profitable growth at FedEx Ground and FedEx Freight, and our share repurchase program. We remain committed to improving earnings, cash flows, returns on invested capital and returns to shareowners, with the most recent example of the latter being our announced 33% increase in the quarterly dividend." On its earnings conference call, FedEx said it anticipates revenue and earnings growth from ongoing improvements in all of the company's transportation segments with moderate global economic growth driving volume and yield increases. Its goal is to achieve annual double-digit operating margins for the total company in the near future. The company sees U.S. GDP growth for calendar year 2014 of 2.2%. FedEx expects to complete its share repurchase program this year and said it is "always" looking for acquisitions. PRICE ACTION: In late morning trading, FedEx rose $6.53, or about 4.7%, to $146.86 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $147.90. Including today's advance, the stock is up approximately 47% over the past 12 months. OTHERS TO WATCH: FedEx's main competitor, United Parcel Service (UPS), is up about 0.5% to $102.12.
News For FDX;UPS From The Last 14 Days
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December 16, 2014
09:45 EDTFDXFedEx provides short-term trade opportunity, says Bernstein
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December 15, 2014
17:03 EDTFDXFedEx announces acquisition of GENCO
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10:00 EDTUPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
09:24 EDTFDXFedEx says higher e-commerce purchases increases residential deliveries
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08:53 EDTFDXFedEx December volatility increases into Q2 and outlook
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06:04 EDTUPSUPS downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded UPS to Hold with a $116 price target citing a more balanced risk/reward profile following the recent rally in shares. The stock is up 12% over the past three months. Shares of the shipping giant closed Friday down 63c to $110.
December 11, 2014
14:47 EDTFDXFedEx management to meet with
Meeting to be held in Florida on December 18 hosted by William Blair.
11:07 EDTFDXFedEx December volatility increases into Q2 and outlook
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10:13 EDTUPS, FDXOn The Fly: Analyst Initiation Summary
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09:03 EDTUPSUPS management to meet with UBS
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06:18 EDTUPSUPS initiated with a Neutral at UBS
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06:17 EDTFDXFedEx initiated with a Neutral at UBS
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December 10, 2014
16:57 EDTFDXFedEx Freight says Teamsters withdraw election petition
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08:14 EDTUPSUPS management to meet with UBS
Meeting to be held in Seoul, South Korea on December 10 hosted by UBS.
December 9, 2014
07:46 EDTUPSUPS management to meet with UBS
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December 8, 2014
08:11 EDTUPSUPS management to meet with UBS
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December 5, 2014
07:12 EDTUPSUPS management to meet with UBS
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December 4, 2014
12:39 EDTFDXFedEx December volatility up, shares near record high into Q2 and outlook
FedEx December call option implied volatility is at 24, January is at 21, April is at 20; compared to its 26-week average of 22 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q2 results on December 17.
08:14 EDTFDXFedEx price target raised to $200 from $175 at Oppenheimer
Oppenheimer thinks that FedEx's risk/reward ratio is positive, as it believes the company has a number of positive macro catalysts, including lower fuel prices, strong e-commerce, and upbeat U.S. economic trends. The firm is also upbeat on the company's profit improvement plan and keeps an Outperform rating on the shares.
07:53 EDTUPSUPS management to meet with UBS
Meeting to be held in Sydney, Australia on December 4 hosted by UBS.
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