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Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:12 EDTUPS, CNW, FDX, JBHT, ABFSUPS, 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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September 16, 2014
16:00 EDTFDXFedEx technical comments ahead of results
Shares have outperformed in the last three months, trading up over 10%. The trading range in the same period has been contained between $146 at the low and $155 at the top, the latter being close to the life high. On stronger than expected news, the shares could easily top life highs, opening up a range of $156 to $165 depending on the degree of positive surprise. Without resistance, there may be room for an upside surprise in price. If the shares break the low at $146, the technical picture for the stock could change considerably. A break below $145 would put the current uptrend in jeopardy. Additional supports below are at $140.27 and $135.49 on an extreme move lower.
15:14 EDTFDXNotable companies reporting before tomorrow's open
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14:39 EDTFDXFedEx September 155 straddle priced for 3% move into Q1
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11:48 EDTCNWCon-way downgraded to Market Perform from Outperform at Cowen
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10:02 EDTCNWCon-way unit opens multi-client warehouse in Thailand
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09:59 EDTCNWOn The Fly: Analyst Downgrade Summary
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08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
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08:30 EDTCNWCon-way downgraded to Neutral at RW Baird
As reported previously, Baird downgraded Con-Way to Neutral from Outperform citing incremental risk from both investor sentiment and visibility to the pace of margin improvement. The firm has a $55 price target on the shares.
06:30 EDTCNWCon-way downgraded to Neutral from Outperform at RW Baird
September 15, 2014
11:40 EDTUPSUPS management to meet with BB&T
Meetings to be held in Los Angeles on September 17 and in Denver on September 18 hosted by BB&T.
09:59 EDTJBHTOn The Fly: Analyst Downgrade Summary
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08:57 EDTJBHTJ.B. Hunt downgraded to Underperform from Neutral at BofA/Merrill
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08:33 EDTFDXFedEx September volatility elevated into Q1 and outlook
FedEx September call option implied volatility is at 34, October is at 19, January is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 17.
07:40 EDTFDXFactors working in FedEx favor in first quarter of 'turnaround' year, WSJ says
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07:32 EDTFDXFedEx should report solid Q1 results, says Oppenheimer
Oppenheimer raised its Q1 estimates for FedEx slightly above consensus levels, as the firm expects the company to benefit from strong consumer e-commerce sales, improving B2B package volumes, and continued margin expansion in Express. The firm raised its price target on the name to $172 from $168 and keeps an Outperform rating on the stock.
September 12, 2014
07:53 EDTFDX, UPSUPS squeezed by growth of e-commerce, power of Amazon, WSJ says
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September 11, 2014
09:37 EDTUPSActive equity options trading on open
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September 9, 2014
14:43 EDTFDXFedEx September volatility elevated into Q1 and outlook
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13:51 EDTUPSNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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07:50 EDTUPSExecutives' Club of Chicago to hold a luncheon meeting
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