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Stock Market & Financial Investment News

News Breaks
June 18, 2014
08:41 EDTFDXFedEx sees U.S. GDP growth for calendar 2014 of 2.2%
Says Ground and Freight "performing well," and Express remains on track to achieve its profit improvement plan despite the fuel headwinds the company has experienced. Says expectations for economic growth for remainder of the year have improved somewhat. Sees industrial production growth of 3.6% this year and 3.7% in calendar 2015. Says global economy recovering from Q1, says slowdown in China has steadily improved. Sees global GDP growth of 2.7% in calendar 2014 and 3.1% in calendar 2015. Sees U.S. GDP growth for calendar 2015 3.1%. Sees U.S. GDP growth this year affected by weather. Says will complete share repurchase program this year. Comments made on the Q4 earnings conference call.
News For FDX From The Last 14 Days
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November 21, 2014
08:59 EDTFDXFedEx price target raised to $179 from $149 at Bernstein
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November 19, 2014
07:23 EDTFDXFedEx, UPS preparing for earlier holiday rush after last year, WSJ says
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November 14, 2014
16:58 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).

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