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Stock Market & Financial Investment News

News Breaks
December 4, 2012
07:14 EDTCSX, PACR, JBHT, UNP, CGI, NSC, KSU, FDX, SWFTRail, trucking firms benefit from booming trade with Mexico, Reuters reports
U.S. rail and trucking companies are making big investments on both sides of the border with Mexico to capitalize on booming trade between the two countries, reports Reuters.Reference Link
News For KSU;UNP;CSX;NSC;JBHT;SWFT;CGI;PACR;FDX From The Last 14 Days
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June 17, 2015
18:26 EDTFDXFedEx could gain 35%, Barron's says
FedEx (FDX) shares are less expensive than UPS (UPS) and shares could gain 35%, Barron's contends in its 'Barron's Take' article. Reference Link
17:19 EDTFDXOn The Fly: Top stock stories for Wednesday
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14:42 EDTCSXOption volume leaders
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12:23 EDTFDXOn The Fly: Top stock stories at midday
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11:08 EDTKSUOptions with increasing implied volatility
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09:39 EDTFDXFedEx sees 2017 CapEx to be at high end of target range
FedEx said its thinks 2017 will be "another year that's going to be a little bit on the high end" of its preferred range for capital spending to be about 6%-8% of revenue. Citing its aircraft delivery schedule, FedEx said it "looks like 2017 will be a little bit higher than that, maybe 9%-9.5%" The company added that it is going to continue to make long-term investments to improve its productivity and drive cash flows, whether they're acquisitions or CapEx.
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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