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Stock Market & Financial Investment News

News For FDX From The Last 14 Days
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September 19, 2014
16:24 EDTFDXStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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10:28 EDTFDXOptions with decreasing implied volatility
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07:18 EDTFDXWeb.com to hold a summit
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06:29 EDTFDXFedEx says potential adverse court ruling could impact results
FedEx said in a filing that on August 27, the Ninth Circuit reversed the district court decisions and held that the plaintiffs in California and Oregon were employees as a matter of law. "While we do not agree with the court’s decision and will ask the court to reconsider and petition for en banc review by the full Ninth Circuit Court of Appeals, during the first quarter of 2015 we established an accrual for the estimated probable loss in this case that was required to be recognized pursuant to applicable accounting standards. This amount was immaterial. Material exposure above the accrued amount, however, is reasonably possible, and accordingly we have undertaken a process to attempt to estimate a range of reasonably possible loss based on currently available information relating to the case. This process has included attempting to evaluate what facts may arise in the course of discovery and what legal rulings the courts may render and how these facts and rulings might impact FedEx Ground’s loss. For a number of reasons, we are not currently able to estimate a range of reasonably possible loss in excess of the amount accrued. With respect to the matters that are pending outside of the Ninth Circuit, it is reasonably possible that potential loss in some of these lawsuits or changes to the independent contractor status of FedEx Ground’s owner-operators could be material. We have undertaken a process to attempt to estimate a range of reasonably possible loss based on currently available information relating to these cases. We are not currently able to estimate a range of reasonably possible loss. We do not believe that a material loss is probable in these matters. In addition, we are defending contractor-model cases that are not or are no longer part of the multidistrict litigation. These cases are in varying stages of litigation, and we do not expect to incur a material loss in any of these matters."
September 18, 2014
13:55 EDTFDXFedEx upgraded to Outperform from Peer Perform at Wolfe Research
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10:27 EDTFDXOptions with decreasing implied volatility
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08:37 EDTFDXFedEx price target raised to $183 from $170 at RW Baird
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06:13 EDTFDXFedEx price target raised to $180 from $170 at Citigroup
Citigroup raised its price target for FedEx shares to $180 saying the company's "solid" Q1 results points to potential upside to FY15 estimates. Citi keeps a Buy rating on the stock.
September 17, 2014
17:35 EDTFDXFedEx could reach new highs, Barron's says
FedEx shares could reach new highs, driven by quarterly results, Barron's contends in its 'Barron's Take' column. Reference Link
16:25 EDTFDXOn The Fly: Closing Wrap
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12:22 EDTFDXOn The Fly: Midday Wrap
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10:18 EDTFDXFedEx expects to add 50,000 seasonal hires across various segments
09:10 EDTFDXOn The Fly: Pre-market Movers
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09:04 EDTFDXFedEx expects to reach goals for profit improvement plan, confident on cost side
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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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September 15, 2014
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 EDTFDXUPS squeezed by growth of e-commerce, power of Amazon, WSJ says
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September 9, 2014
14:43 EDTFDXFedEx September volatility elevated into Q1 and outlook
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