News For UPS From The Last 14 Days Check below for free stories on UPS the last two weeks.
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February 9, 2010
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| 08:42 EDT |  | UPS |
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February 8, 2010
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| 16:00 EDT |  | UPS |
| | 14:39 EDT | | UPS |
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February 4, 2010
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| 15:13 EDT | | UPS |
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February 3, 2010
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| 09:00 EDT |  | UPS |
| theflyonthewall.com: | On The Fly: Analysts Upgrade Summary | | MOST NOTEWORTHY: United Parcel Service (UPS), SVB Financial (SIVB) and ArvinMeritor (ARM) were today's noteworthy upgrades: Deutsche Bank upgraded United Parcel Service to Buy from Hold on expectations the company will benefit from improving international package volumes and restructuring initiatives. The firm raised its target on shares to $70 from $67. JP Morgan upgraded SVB Financial to Overweight from Neutral on valuation following the recent pullback in shares. The firm has a $54 price target on the stock. Baird upgraded ArvinMeritor to Outperform from Neutral and raised its target to $15 from $12 following the Q2 report. The firm said ArvinMeritor has transformed its business model and is well positioned for growth...OTHER UPGRADES: UBS (UBS) was upgraded to Overweight from Neutral at JP Morgan. Occidental Petroleum (OXY) was upgraded to Conviction Buy from Buy at Goldman. Vail Resorts (MTN) was upgraded to Outperform from Market Perform at Wells Fargo. :theflyonthewall.com |
| | 06:34 EDT | | UPS |
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February 2, 2010
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| 08:25 EDT |  | UPS |
| | 07:51 EDT |  | UPS |
| | 07:50 EDT | | UPS |
| | 07:49 EDT | | UPS |
| | 07:48 EDT | | UPS |
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February 1, 2010
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| 16:29 EDT | | UPS |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Monday 2/1 | | The futures were higher throughout the pre-market trading session, which led to a higher open for the broader averages. The positive move was solidified with a couple of in-line economic reports. However, shortly after the open, the market began to relinquish its gains. A better-than-expected manufacturing report reversed the weakness and the averages moved to session highs. The averages then drifted higher, with each of the major indices up as much as 1.0% on the day. The market then traded sideways as it tried its best to hold onto the session’s gains...The Dow rose 118.20 to 10,185.53, the S&P gained 15.31 to 1,089.18, and the Nasdaq added 23.85 to 2,171.20…Among the biggest gainers: Valassis Communications (VCI) surged 17.4% to $24.58 after settling a lawsuit against NewsCorp. (NWSA) for $500M. Cliffs Natural Resources (CLF) soared 7.8% to $43.07 after raising Q4 EPS estimates to 39c from 17c per share…The losers included: Central Pacific Financial (CPF) which slumped 13.6% to $1.40 after being cut to Sell from Neutral at B.Riley & Co. Gannett (GCI) dropped 7.0% to 15.02 after reporting disappointing Q4 results…CURRENCY: The dollar closed 0.43% higher on the yen at 90.62 and 0.47% higher on the euro at 0.7179…COMMODITIES: Crude oil closed up 2.03 to 74.92...Natural gas added 0.28 to 5.41...Gold was higher by 21.50 to 1,105.30…ECONOMIC DATA: The Commerce Department said personal income rose by 0.4% in December, while personal spending rose by 0.2%. Economists expected personal income to increase 0.3%. The core PCE price index, which excludes food and energy, rose 0.1% in December as compared to December 2008; including food and energy, the PCE was up 0.1% from November and 2.1% year-over-year. Construction spending for December fell 1.2% at a seasonally adjusted rate of $902.55B compared to the prior month. January's ISM Manufacturing Index came in at 58.4, above the consensus of 55.0. Tomorrow…Motor Vehicle Sales, ICSC Goldman Store Sales, Redbook Chain Store Sales, and Pending Home Sales Index are due…Notable companies reporting Tuesday before the opening bell include: Archer Daniels Midland Company (ADM), Automatic Data Processing (ADP), D.R. Horton (DHI), Emerson Electric (EMR), Lexmark (LXK), Pepsi Bottling Group (PBG), The Hershey Company (HSY), United Parcel Service (UPS), Wisconsin Energy (WEC), and Whirlpool (WHR). :theflyonthewall.com |
| | 15:30 EDT | | UPS |
| | 13:13 EDT |  | UPS |
| | 12:07 EDT | | UPS |
| theflyonthewall.com: | Earnings Preview: United Parcel Service expectations high heading into Q4 | | United Parcel Service (UPS) is expected to report Q4 earnings before the market open on Tuesday, February 2 with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 74c and revenue of $12.22B. The consensus range is 63c-75c for EPS, and $11.77B-$12.58B for revenue, according to First Call. UPS reported mixed Q3 results, beating EPS while slightly missing on revenue estimates. Following a recent spate of good news investors will be looking for UPS to surpass Q4 estimates. On January 13, RBC Capital upgraded the stock to Outperform from Sector Perform, and raised its target to $72 from $60 on the back of UPS’ increased Q4 guidance given a week earlier. On January 8, the company raised its Q4 EPS guidance to 73c-75c, up from prior estimates of 58c-65c. Q4 consensus is 63c. On January 4, RW Baird upgraded UPS to Outperform from Neutral, citing leverage, improved industry pricing, and cost savings. The price target was raised to $70 from $61. In November the company forecast that holiday deliveries would improve slightly over 2008 levels. Also, UPS CEO Scott Davis told Reuters that he expects volume growth in FY10 and as a result, the company intends to hike shipping rates. Recent news has suggested the company has been firing on all cylinders heading into 2010. The stock has fallen about 7% from its 52-week high of $63.38, reached in early January. However, it's up only marginally since Q3 results were released, despite an abundance of good news. :theflyonthewall.com |
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