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Stock Market & Financial Investment News

News Breaks
December 13, 2013
06:28 EDTFDXFedEx upgraded to Strong Buy from Outperform at Raymond James
Raymond James upgraded FedEx due to its aggressive cost improvement plan that is on track and resulting earnings power. Price target raised to $190 from $124.
News For FDX From The Last 14 Days
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March 23, 2015
09:04 EDTFDXFedEx weakness creates buying opportunity, says Argus
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March 20, 2015
16:33 EDTFDXStocks end week higher after market reads Fed statement as dovish
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10:45 EDTFDXFedEx management to meet with Stephens
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06:13 EDTFDXFedEx says paid $1.4B for GENCO, $43M for Bongo international
In its quarterly report with the SEC, FedEx says, "During 3Q15, we acquired two businesses, expanding our portfolio in e-commerce and supply chain solutions. On January 30, we acquired GENCO Distribution System for $1.4B, which was funded using a portion of the proceeds from our January debt issuance. In addition, on December 16, 2014, FedEx acquired Bongo International, LLC for $42M in cash from operations. These acquisitions will allow us to enter new markets, as well as strengthen our current service offerings to existing customers. We expect that the goodwill of $40M associated with our Bongo acquisition will be entirely attributable to our FedEx Express reporting unit. We expect that the goodwill of approximately $1.1B associated with our GENCO acquisition will be primarily attributable to our FedEx Ground and FedEx Express reporting units."
March 19, 2015
07:38 EDTFDXFedEx execution solid, outlook still upbeat, says Oppenheimer
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07:17 EDTFDXFedEx soft Q4 guidance explainable, says UBS
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06:01 EDTFDXFedEx CEO doesn't see Uber as a threat, WSJ reports
FedEx CEO Fred Smith says that while he believes Uber is "terrific," he doesn't see the ride-sharing start-up ever becoming a major threat in package delivery, The Wall Street Journal reports. Reference Link

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