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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:12 EDTJBHT, UPS, FDX, ABFS, CNWUPS, Con-way warnings weigh on transportation stocks
Shares of a number of transportation companies are dropping after two of the companies in the sector, UPS (UPS) and Con-way (CNW), pre-announced weaker than expected results. WHAT'S NEW: UPS and Con-way - which provide transportation and supply chain management services - both said that they faced challenges over the last several weeks of the fourth quarter. UPS, which pre-announced its results this morning, stated that it was hurt by the compressed holiday shopping season. The company said the "unprecedented" level of online shopping featured a surge of orders at the very end of the season. As a result of these last minute orders, UPS stated that it had to take "extraordinary measures" that included the deployment of additional equipment and people. UPS estimated that its fourth quarter earnings per share would be $1.25, versus analysts' consensus estimate of $1.43. The company predicted that its fiscal 2013 earnings per share, excluding certain items, would be $4.57, versus the consensus estimate of $4.75. Meanwhile, Con-way said that its expenses generated by employee benefits and cargo claims were higher than expected in the fourth quarter, particularly during December. In addition, its operating efficiencies were lower than anticipated, primarily due to poor weather late in the quarter, the company stated. Con-way estimated that its fourth quarter earnings per share would "approximate" 21c, versus the consensus estimate of 39c. PRICE ACTION: In late morning trading, UPS fell 1.9% to $98.50 and FedEx (FDX) lost 0.5% to $141. Meanwhile, Con-way shares fell 3% to $40, trucker J.B. Hunt (JBHT) dropped 1.15% to $77.60, and another trucking company, Arkansas Best (ABFS), sank 3.5% to $34.10.
News For UPS;CNW;FDX;JBHT;ABFS From The Last 14 Days
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February 2, 2016
07:51 EDTUPSUPS rise 3% after better than expected Q4 earnings, FY16 guidance
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07:50 EDTUPSUPS sees FY16 EPS $5.70-$5.90, consensus $5.73
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07:49 EDTUPSUPS says focus on more-profitable accounts improved International base rates
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07:48 EDTUPSUPS reports Q4 Domestic revenue up 2.6% to $10.3B
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07:47 EDTUPSUPS reports Q4 package deliveries up 1.8% to 1.3B
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07:46 EDTUPSUPS reports Q4 adjusted EPS $1.57, consensus $1.42
Reports Q4 revenue $16.1B, consensus $16.28B.
06:24 EDTUPSOptions expected to be active
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05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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February 1, 2016
14:32 EDTUPSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
13:25 EDTUPSUPS February weekly 93 straddle priced for 3.9% movement into Q4
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11:38 EDTUPSEarnings Preview: UPS sees Q4 operating profit growing at double-digit pace
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11:05 EDTUPSUPS technical commentary ahead of earnings
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January 29, 2016
11:45 EDTUPSUPS volatility elevated into Q4 and outlook
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January 28, 2016
11:58 EDTJBHTJ.B. Hunt raises quarterly dividend 5% to 22c per share
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January 27, 2016
07:43 EDTFDXStephens says FedEx among favorites names over next 12-24 months
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January 26, 2016
17:13 EDTFDXFedEx announces new 25M share repurchase program
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14:00 EDTJBHTSwift 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
10:00 EDTJBHTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Express (AXP) upgraded to Perform from Underperform at Oppenheimer... BankMutual (BKMU) upgraded to Outperform from Market Perform at Hovde Group... Black Hills (BKH) upgraded on acquisition at BMO Capital... Bruker (BRKR) upgraded to Buy from Hold at Cantor... Cedar Fair (FUN) upgraded to Conviction Buy from Buy at Goldman... Charles Schwab (SCHW) upgraded to Buy from Neutral at Nomura... Corporate Office Properties (OFC) upgraded to Buy from Neutral at Mizuho... Entegris (ENTG) upgraded on valuation, outlook at Pacific Crest... First Financial upgraded to Outperform from Market Perform at Keefe Bruyette... Goldman Sachs (GS) upgraded to Buy from Neutral at Nomura... Graphic Packaging (GPK) upgraded to Outperform from Neutral at Macquarie... Home Depot (HD) upgraded to Buy from Hold at Deutsche Bank... Intel (INTC) upgraded to Outperform from Neutral at Macquarie... J.B. Hunt (JBHT) upgraded to Buy from Hold at BB&T... Magna (MGA) upgraded to Buy from Neutral at Citi... Masco (MAS) upgraded to Buy from Hold at Evercore ISI... Mattel (MAT) upgraded to Conviction Buy from Buy at Goldman... O'Reilly Automotive (ORLY) upgraded to Buy from Hold at Deutsche Bank... PACCAR (PCAR) upgraded to Buy from Neutral at Citi... People's United (PBCT) upgraded to Neutral from Underweight at Piper Jaffray... Quality Systems (QSII) upgraded to Overweight from Neutral at Piper Jaffray... RadiSys (RSYS) upgraded to Buy from Hold at Needham... Standard Motor (SMP) upgraded to Buy from Neutral at CL King... Swedbank (SWDBY) upgraded to Hold from Underperform at Jefferies... Toll Brothers (TOL) upgraded to Strong Buy from Outperform at Raymond James... Voyager Therapeutics (VYGR) upgraded to Neutral from Sell at Chardan... Yahoo (YHOO) upgraded to Buy from Hold at Pivotal Research.
08:57 EDTJBHTJ.B. Hunt upgraded to Buy from Hold at BB&T
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07:37 EDTJBHTJ.B. Hunt should be bought at current levels, says RBC Capital
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