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Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:11 EDTSWFTSwift Transport upgraded to Outperform from Market Perform at Avondale
Avondale upgraded Swift Energy citing the improving capital structure and valuation. Price target raised to $26.50 from $25.
News For SWFT From The Last 14 Days
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February 4, 2016
11:21 EDTSWFTOptions with increasing call volume; FMC HST XME RIO BHP PAY DNDK BSX ALLY SWFT
February 1, 2016
10:15 EDTSWFTOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
January 29, 2016
06:34 EDTSWFTSwift board wrestles with CEO Moyes' borrowing, WSJ says
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January 26, 2016
14:00 EDTSWFTSwift spikes after reporting Q4 earnings beat
Shares of trucking company Swift (SWFT) are rallying after reporting better-than-expected quarterly earnings on Monday evening. WHAT'S NEW: Swift reported fourth quarter earnings per share of 53c on revenue of $1.09B. Analysts were anticipating Q4 EPS of 47c on revenue of $1.12B. With its Q4 financial results, the company guided for fiscal 2016 EPS of $1.50-$1.60 against analyst estimates of $1.55. Swift attributed the earnings beat to strong operational execution, declining fuel prices, gains on equipment sales, and a better than anticipated tax rate. "We were able to generate year-over-year rate increases in our three largest reportable segments, despite difficult comparison quarters. Investments in our fleet technology are also beginning to pay off, with improved accident and workers' compensation trends, driver retention, and fuel efficiency in the quarter. We also realized improvements in our Intermodal container turns," the company said in a letter to investors. WHAT'S NOTABLE. In late September, the company slashed it fiscal 2015 EPS view to $1.43-$1.52 from $1.64-$1.74. At the time, the company blamed its reduced view, in part, on the additional carrying expense associated with the large volume of new tractors received late in the second quarter due to delivery delays, as well as a reduction in expected volumes of seasonal project business in Q4 of 2015 due to customers' recent logistical changes. A month later, with its third quarter results, the trucking company noted that as it moved into Q4, it would focus on improving utilization of its fleet. PRICE ACTION: Shares of Swift lost about 50% of their value in 2015 and closed Monday at $13.67. In Tuesday afternoon trading, shares of Swift are up over 19% to $16.31. OTHERS TO WATCH: Shares of other companies in the truck and logistics space are also up, including JB Hunt (JBHT), Hub Group (HUBG), Landstar System (LSTR), and Werner Enterprises (WERN).
January 25, 2016
19:28 EDTSWFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Swift Transportation (SWFT), up 5.4%... Sanmina (SANM), up 4.6%... Rambus (RMBS), up 6.6%. ALSO HIGHER: Aratana Therapeutics (PETX), up 12.9% after filing a New Animal Drug Application with the FDA... Relypsa (RLYP), up 16.5% after announcing results from Veltassa drug-drug interaction studies. LOWER: Centene (CNC), down 1.9% after announcing an internal search for six hard drives that are unaccounted for.
16:15 EDTSWFTSwift Transport sees FY16 EPS $1.50-$1.60, consensus $1.55
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16:13 EDTSWFTSwift Transport reports Q4 EPS 53c, consensus 47c
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14:29 EDTSWFTNotable companies reporting after market close
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11:24 EDTSWFTOptions with increasing volume
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10:56 EDTSWFTSwift Transport February volume and volatility increases into Q4 and outlook
Swift Transport February 13 and 14 calls are active on total call volume of 8,800 contracts (140 puts) suggesting traders taking positions for upside price movement suggesting large near term price movement into the expected release of Q4 results on January 26. February call option implied volatility is at 71, March is at 63; compared to its 52-week range of 25 to 69.
10:16 EDTSWFTHigh option volume stocks
High option volume stocks: IRM SWFT STLD AAN PKG NVRO PZZA SYY EDAP SSYS

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