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Stock Market & Financial Investment News

News Breaks
February 1, 2013
09:54 EDTSODA, UPS, FDXSodaStream says DOT rules stop FedEx, UPS from accepting used carbonators
SodaStream (SODA) said on its corporate website that based on feedback from the United States Department of Transportation, the company will no longer offer exchange carbonators online, effective February 1. DOT regulations prevents UPS (UPS) or FedEx (FDX) from accepting used carbonators from residential customers and customers can no longer bring used carbonators to a UPS or FedEx store or drop-off location for return to SodaStream. The company said, "We continue to work collaboratively with the DOT, UPS and FedEx to evaluate alternative solutions for residential returns and will provide an update on any developments as soon as they become available."
News For SODA;FDX;UPS From The Last 14 Days
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January 23, 2015
16:32 EDTUPS, FDXOn The Fly: Closing Wrap
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15:00 EDTUPSFollow-up: UPS downgraded to Neutral at BofA/Merrill
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13:58 EDTUPSUPS downgraded to Neutral from Buy at BofA/Merrill
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12:33 EDTUPS, FDXOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging. The futures dipped this morning after UPS (UPS) pre-announced that its quarterly earnings would miss Street estimates. The earnings miss dragged other transportation names lower. ECONOMIC EVENTS: In the U.S., Markit's preliminary January manufacturing PMI fell to 53.7 from 53.9 previously, versus expectations for a reading of 54.0. Existing home sales rebounded 2.4% to a 5.04M rate in December, which was below the consensus forecast for a 3% increase. The leading indicators rose 0.5% to 121.1 in December, topping expectations for a rise of 0.4%. COMPANY NEWS: Shares of UPS plunged over 9% after the shipping giant warned that its Q4 adjusted EPS is now expected to be $1.25, below the consensus forecast of $1.47. "UPS invested heavily to ensure we would provide excellent service during peak when deliveries more than double. Though customers enjoyed high quality service, it came at a cost to UPS. Going forward, we will reduce operating costs and implement new pricing strategies during peak season,” said CEO David Abney. Subsequently, its peer, FedEx (FDX), reaffirmed its FY15 EPS forecast of $8.50-$9.00. The outlook compares to a consensus forecast of $8.97. FedEx shares, which were briefly halted for the announcement, are down 2% afterward... Shares of McDonald’s (MCD) slid about 1% near noon after its earnings miss, though the world’s largest restaurant chain's same-store sales declined less than analysts expected. Same-store sales in the company's fiscal fourth quarter declined 0.9%, versus the Consensus Metrix analysts' estimate for a 1.5% drop. Of note, McDonald’s U.S. same-store sales had their first monthly gain in more than a year in December, having risen 0.4%. MAJOR MOVERS: Among the notable gainers was Starbucks (SBUX), which rose 6.5% and had several research firms issue upbeat notes after the company reported in-line results last night. At least three firms responded to the report by raising their price targets on the shares. Also higher was Array BioPharma (ARRY), which jumped 38% after announcing that it has reached a definitive agreement with Novartis (NVS) to acquire worldwide rights to encorafenib, a BRAF inhibitor currently in Phase 3 development. Among the noteworthy losers was Avon Products (AVP), which dropped 11% after Wells Fargo downgraded the stock to Market Perform from Outperform after shares rallied yesterday over 14% following a report that the company has held talks with TPG Capital about a possible deal. Wells says it leveraged buyout math suggests a takeout of the entire company is unlikely. Also lower was DreamWorks Animation (DWA), which fell 9% after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and cut about 500 jobs. INDEXES: Near midday, the Dow was down 42.58, or 0.24%, to 17,771.40, the Nasdaq was up 9.68, or 0.2%, to 4,760.08, and the S&P 500 was down 3.40, or 0.16%, to 2,059.75.
11:18 EDTUPSUPS downgraded to Market Perform from Outperform at Raymond James
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10:40 EDTUPSUPS hits session lows, levels to watch
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10:35 EDTFDXFedEx resumes, down 2.3% after reaffirming FY15 outlook
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10:28 EDTFDX, UPSFedEx backs FY15 outlook after UPS issues profit warning
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10:24 EDTFDXFedEx backs FY15 EPS 8.50-$9.00, consensus $8.97
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08:45 EDTUPSUPS volatility elevated into warning on FY14, FY15 earnings
UPS overall option implied volatility of 17 compares to its 26-week average of 15 according to Track Data, suggesting large price movement into warning on FY14, FY15 earnings.
08:42 EDTUPSUPS drops after peak season costs weigh down Q4 profits
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08:39 EDTUPSUPS drops 5.5% after warning on FY14, FY15 earnings
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08:37 EDTUPSUPS now sees FY15 EPS growth 'slightly less' than long-term 9%-13% target
The company now anticipates 2015 diluted earnings per share growth to be slightly less than its long-term target of 9%-to-13%. UPS said it expects solid business growth across all segments in 2015. However, increased pension expense of approximately $180M due to lower discount rates, and currency headwinds of more than $50M will negatively impact results. FY15 EPS consensus $5.64.
08:36 EDTUPSUPS CEO says Q4 financial performance 'clearly disappointing'
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08:34 EDTUPSUPS sees FY14 adjusted EPS $4.75, consensus $4.96
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08:33 EDTUPSUPS sees Q4 adjusted EPS $1.25, consensus $1.47
Company earnings for 2014 were lower than previous guidance, primarily due to the underperformance of the U.S. Domestic segment. While package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher than expected peak-related expenses.
January 22, 2015
14:14 EDTFDXFedEx Freight drivers reject Teamsters in W. Va
FedEx Freight announced that union representation elections were held at its locations in Parkersburg and Charleston, West Virginia, last week resulting in two more losses for the union. Drivers in both locations voted against representation by the Teamsters union and in favor of continuing their direct relationship with FedEx Freight. The Teamsters union also withdrew another election petition the day before the scheduled vote, this time at the Clarksburg, West Virginia, location. “We are proud of our drivers in West Virginia for making informed decisions,” said Pat Reed, executive vice president and chief operating officer, FedEx Freight. “We continue to work with our team to ensure that FedEx Freight remains a great place to work.”
10:03 EDTSODAOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
07:08 EDTSODASodaStream upgraded to Hold from Sell at Stifel
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January 20, 2015
07:39 EDTUPS, FDXUPS FedEx to benefit from lower oil prices, says Bernstein
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