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Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:58 EDTFDX, UPS, TNTEYUPS advances after abandoning takeover of TNT
UPS (UPS) indicated this morning that it would not acquire Dutch delivery company TNT Express (TNTTY) as previously planned because the E.U. has decided to block the deal over competition concerns. As a result, UPS said that it would pay TNT a EUR200M termination fee. In a note to investors earlier today, Deutsche Bank analyst Justin Yagerman responded to the news by upgrading UPS to Buy from Hold. UPS will likely buy back more shares of its own stock following the termination of the deal, wrote Yagerman, who raised his earnings per share estimates to reflect the expected additional buybacks. The analyst, who added that investors had been cautious about the acquisition, increased his price target on UPS shares to $92 from $83. Similarly, Jefferies analyst Peter Nesvold wrote that UPS would likely buy back a large amount of additional shares or increase its dividend soon. The company could announce such a move after February 5, when the E.U. is expected to announce that it will block the TNT acquisition, wrote the analyst, who maintained a Hold rating on the stock. Meanwhile, Nesvold added that FedEx (FDX) is "extremely unlikely" to launch its own bid for UPS. In early afternoon trading, UPS rose $1.14, or 1.46%, to $79.06, while FedEx added 0.77% to $98.15.
News For UPS;FDX;TNTEY From The Last 14 Days
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November 21, 2014
08:59 EDTFDXFedEx price target raised to $179 from $149 at Bernstein
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November 20, 2014
15:25 EDTUPSUPS says company has not be been contacted by Ackman, Bloomberg reports
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10:45 EDTUPSRumor: UPS moves up on activist investor speculation
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November 19, 2014
07:23 EDTUPS, FDXFedEx, UPS preparing for earlier holiday rush after last year, WSJ says
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November 18, 2014
10:10 EDTUPSUPS management to meet with Stephens
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November 17, 2014
17:36 EDTUPSUPS says any unplanned surge during holiday may cost customers, Reuters says
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November 14, 2014
16:58 EDTFDXThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
15:56 EDTUPSUPS to hold a webcast
UPS Retiree Webcast is being held on November 17 at 3:30 pm. Webcast Link
November 13, 2014
14:28 EDTUPSUPS confirms FY14 adjusted EPS view $4.90-$5.00, consensus $4.96
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13:54 EDTUPSUPS sees repurchasing over $15B over next five years
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13:31 EDTUPSUPS down 1% as analyst day meeting continues
UPS gave FY15 and long-term guidance during the meeting.
13:30 EDTUPSUPS targets EPS growth of 9%-13% from 2015-2019
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13:25 EDTUPSUPS sees FY15 U.S. Domestic revenue up 5%-6%
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13:21 EDTUPSUPS sees FY15 EPS $5.45-$5.70, consensus $5.71
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November 10, 2014
07:12 EDTFDXCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.

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