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Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:58 EDTUPS, FDX, 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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September 16, 2014
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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08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
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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.
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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September 4, 2014
06:14 EDTFDXFedEx Q1 estimate raised above consensus at Citigroup
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