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Stock Market & Financial Investment News

News Breaks
June 13, 2014
09:42 EDTFDXFedEx June volatility elevated into Q4 outlook
FedEx June call option implied volatility of 24, July and October is at 16, January is at 17; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results before the market open on June 18.
News For FDX From The Last 14 Days
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June 17, 2015
09:11 EDTFDXFedEx sees FY16 to be peak year for investment in Ground
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09:08 EDTFDXFedEx says properly identified delivery people an 'important issue'
FedEx (FDX) executives, responding to a question about "a prominent user of parcel services," likely referring to Amazon.com (AMZN), reportedly exploring its own solutions for delivery, said that "what a lot of people lose in this conversation" is that setting up a transportation network is extremely capital intensive, requires very sophisticated information technology and takes a very long time to build out to scale. FedEx also said that "research has indicated time and time again that a uniformed person with proper identification showing up at your doorstep is an important issue for customers" and that the consistency of customer experience is very critical. FedEx noted that it will continue to monitor these situations, but that it feels "pretty comfortable in terms of our strategy going forward and our ability to serve the e-commerce market and our customers."
09:02 EDTFDXFedEx says B2B volume a 'bit soft' for last nine months
Remarking on a question about business-to-business, or B2B, trends, FedEx said volume for B2B for "probably the last nine months" has been a "little bit on the soft side," but added that it is "not seeing anything that would suggest that there's anything going on here." There clearly were some inventory disruptions with the port situation on the West Coast last year, as manifested mainly at peak, but the company thinks "most of that is flushed out now" and FedEx expects fairly normal business levels going forward.
08:58 EDTFDXFedEx says below-consensus Q1 view factored into FY16 EPS guidance
Earlier, FedEx projected FY16 adjusted earnings to be $10.60-$11.10 per diluted share before year-end mark-to-market pension accounting adjustments. On its Q4 call, the company said it expects year-over-year growth in Q1 to be "less than the current consensus" due to higher annual incentive compensation accruals in 1Q16 compared to 15, but noted that the Q1 view is factored into its annual guidance.
08:51 EDTFDXFedEx sees Q1 year-over-year profit growth to be below current consensus
Q1 EPS consensus $2.67. FedEx CFO Alan Graf, said on the company's Q4 earnings call: "Although we don't give quarterly guidance, I'm going to give a little bit for the first quarter here." The company projects "much stronger" profitability growth in the second half of the year, citing the profit improvement initiatives at Express continuing to gain traction throughout the year, Graf said. However, the company expects year-over-year growth in Q1 to be "less than the current consensus" due to higher annual incentive compensation accruals in 1Q16 compared to 15. Capital expenditures are going to increase in FY16 to approximately $4.6B, Graf noted, stating that the increase from FY15 is largely due to a higher investment and continued expansion of the Ground network. "Given Ground's historical high ROIC, investing in network expansion fits our financial objectives as well as our operational objectives," Graf said.
08:41 EDTFDXFedEx lowers U.S. GDP growth view to 2.3% in 2015, 2.9% in 2016
On its Q4 earnings call, FedEx said its annual U.S. GDP forecast is for 2.3% growth in calendar 2015 and for 2.9% growth in calendar 2016. The company expects industrial production growth of 2.2% this year and 3.2% in calendar 2016. FedEx now expects global growth of 2.5% in calendar 2015 and 3% for calendar 2016. On its Q3 earnings call, FedEx said its annual U.S. GDP forecast was 3.1% growth for both calendar 2015 and 2016 and said it expected global growth of 2.8% in calendar 2015 and 3.1% in calendar 2016.
08:38 EDTFDXFedEx Chairman says profit improvement plan on schedule
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07:35 EDTFDXFedEx reports Q4 Freight segment revenue $1.57B
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07:34 EDTFDXFedEx reports Q4 Ground segment revenue $3.57B
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07:33 EDTFDXFedEx reports Q4 Express segment revenue $6.7B
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07:33 EDTFDXFedEx to increase mandatory retirement age for directors to 75 from 72
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07:32 EDTFDXFedEx reports Q4 adjusted EPS $2.66, consensus $2.43
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07:31 EDTFDXFedEx sees FY16 adjusted EPS $10.60-$11.10, consensus $10.88
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07:30 EDTFDXFedEx reports Q4 EPS $2.66, consensus $2.43
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June 16, 2015
15:01 EDTFDXNotable companies reporting before tomorrow's open
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14:20 EDTFDXFedEx June 182.5 straddle priced for 2.7% movement into Q4
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13:49 EDTFDXFedEx technical comments ahead of earnings
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12:22 EDTFDXFedEx June volatility elevated into Q4 and outlook
FedEx June call option implied volatility of 39, July is at 21, October is at 20; compared to its 52-week range of 14 to 29, suggesting large near term price movement into the expected release of Q4 results before the market open on June 17.
11:26 EDTFDXAmazon working on app to crowdsource package delivery, WSJ reports
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11:03 EDTFDXAmazon working on app to crowdsource package delivery, DJ reports
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