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Stock Market & Financial Investment News

News Breaks
January 6, 2014
09:14 EDTFDXFedEx announces $2B senior notes offering, accelerated share buyback program
FedEx announced that it intends to offer, subject to market and other conditions, $2B of senior unsecured notes pursuant to an effective registration statement previously filed with the SEC. FedEx intends to use proceeds from the offering to make payments under accelerated share repurchase agreements with Goldman, Sachs & Co. and JPMorgan Chase Bank, National Association, London Branch, which are part of the company’s previously announced share repurchase program. The effectiveness of the ASRs is conditioned upon the closing of the notes offering. Under the terms of the ASRs, FedEx has agreed to repurchase an aggregate of $2B of its common stock from the banks, with an initial delivery of approximately 11.4 million shares based on current market prices. The final number of shares to be repurchased under each ASR will be based on a discount to the volume-weighted average stock price for Rule 10b-18 eligible transactions in FedEx’s common stock during the term of the relevant transaction. Purchases under the ASRs are expected to be completed prior to the end of FedEx’s current fiscal year on May 31. FedEx expects to continue to repurchase shares in the open market from time to time, subject to market and other conditions.
News For FDX From The Last 14 Days
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September 17, 2014
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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