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Stock Market & Financial Investment News

News Breaks
June 18, 2014
11:42 EDTFDX, UPSFedEx 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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September 17, 2014
08:54 EDTFDXFedEx expects to spend $1.2B on CapEx in FY15, with 90% for capacity
08:42 EDTFDXFedEx expects EPS, revenue growth assuming stable fuel prices, economic growth
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07:33 EDTFDXFedEx Express reports Q1 revenue of $6.86B, up 4% from a year ago
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07:32 EDTFDXFedEx reaffirms FY15 EPS view $8.50-$9.00, consensus $8.84
The outlook assumes no net year-over-year fuel impact and continued moderate economic growth. The capital spending forecast for fiscal 2015 remains $4.2B. “FedEx reported strong first quarter results, as all three of our transportation segments drove higher revenues and improved profitability year over year,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and CFO. “Our profit improvement programs are progressing as planned and we continue to expect strong earnings growth this year.”
07:31 EDTFDXFedEx says share buybacks benefitted Q1 earnings by 15c per share
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07:31 EDTFDXFedEx reports Q1 EPS $2.10, consensus $1.96
Reports Q1 revenue $11.7B, consensus $11.48B. “FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S. domestic volume at FedEx Express,” said Frederick W. Smith, FedEx Corp. chairman, president and CEO. “More customers are relying on FedEx because they appreciate the competitive advantages provided by our broad portfolio of solutions.”
September 16, 2014
17:02 EDTFDXFedEx subsidiaries to increase shipping rates in 2015
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16:00 EDTFDXFedEx technical comments ahead of results
Shares have outperformed in the last three months, trading up over 10%. The trading range in the same period has been contained between $146 at the low and $155 at the top, the latter being close to the life high. On stronger than expected news, the shares could easily top life highs, opening up a range of $156 to $165 depending on the degree of positive surprise. Without resistance, there may be room for an upside surprise in price. If the shares break the low at $146, the technical picture for the stock could change considerably. A break below $145 would put the current uptrend in jeopardy. Additional supports below are at $140.27 and $135.49 on an extreme move lower.
15:14 EDTFDXNotable companies reporting before tomorrow's open
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14:39 EDTFDXFedEx September 155 straddle priced for 3% move into Q1
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08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
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September 15, 2014
11:40 EDTUPSUPS management to meet with BB&T
Meetings to be held in Los Angeles on September 17 and in Denver on September 18 hosted by BB&T.
08:33 EDTFDXFedEx September volatility elevated into Q1 and outlook
FedEx September call option implied volatility is at 34, October is at 19, January is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 17.
07:40 EDTFDXFactors working in FedEx favor in first quarter of 'turnaround' year, WSJ says
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07:32 EDTFDXFedEx should report solid Q1 results, says Oppenheimer
Oppenheimer raised its Q1 estimates for FedEx slightly above consensus levels, as the firm expects the company to benefit from strong consumer e-commerce sales, improving B2B package volumes, and continued margin expansion in Express. The firm raised its price target on the name to $172 from $168 and keeps an Outperform rating on the stock.
September 12, 2014
07:53 EDTFDX, UPSUPS squeezed by growth of e-commerce, power of Amazon, WSJ says
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September 11, 2014
09:37 EDTUPSActive equity options trading on open
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September 9, 2014
14:43 EDTFDXFedEx September volatility elevated into Q1 and outlook
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13:51 EDTUPSNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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07:50 EDTUPSExecutives' Club of Chicago to hold a luncheon meeting
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