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Afternoon Market Update (F, ORCL, RIMM, FDX)
Thursday, September 16, 2010 - 11:34am | 210Shares of Ford Motor Co (NYSE: F) gained about 5% after Barclays Capital upgraded the company from “equal weight” to “overweight.” Barclays has also lifted the price target from $15 to $16 per share. Analyst Brian Johnson said that the shares have "compelling upside value", as investors keep on...
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Company News for September 16, 2010 - Corporate Summary
Thursday, September 16, 2010 - 10:15am | 461• FedEx (NYSE: FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 • Microsoft (NASDAQ: MSFT) launched its new...
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Fedex: Not Good Enough, At Least For Right Now (FDX)
Thursday, September 16, 2010 - 8:33am | 280Fedex (NYSE: FDX) reported earnings this morning that missed Wall Street's estimates, despite beating on the top line. Fedex reported $1.20 in earnings for its most recent quarter, a penny shy of estimates. Revenues came in at $9.46 billion, slightly better than the $9.42 billion Wall Street was...
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A Peek Into The Market Before The Trading Starts
Thursday, September 16, 2010 - 8:31am | 481Pre-open movers US stock futures moved down today, as investors awaited several reports that could give some more hints about the position of American businesses. Futures on the Dow Jones Industrial Average fell 26 points to 10,483 and S&P 500 futures declined 4.90 points to 1,116. Nasdaq 100...
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FedEx Posts In-Line FQ1 Earnings, Issues Earnings Guidance
Thursday, September 16, 2010 - 8:26am | 304FedEx Corp (NYSE: FDX) has reported in-line earnings for the fiscal first-quarter and issued its earnings guidance. FDX posted its FQ1 earnings at $380 million or $1.20 per share, up from $181 million or $0.58 per share in the year-ago period. The company's sales increased 18% y/y to $9.46 billion...
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US Stock Futures Dip As Traders Await Several Reports
Thursday, September 16, 2010 - 8:21am | 278US stock futures moved down today, as investors awaited several reports that could give some more hints about the position of American businesses. Futures on the Dow Jones Industrial Average fell 29 points to 10,480 and S&P 500 futures declined 3.20 points to 1,118. Nasdaq 100 futures sank 2...
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Futures Slip Before Jobs Data, FedEx Earnings
Thursday, September 16, 2010 - 7:05am | 147Stock futures were down moderately early Thursday as U.S. investors waited for key economic data related to inflation and the jobs market along with a few key earnings reports, most notably from Oracle (Nasdaq: ORCL) and FedEx (NYSE: FDX). As of 6:15 a.m. in New York, the Dow Jones Industrial...
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Earnings Scheduled For September 16 (ORCL, FDX, PIR, RIMM, XSEL, MCS, SYMX, NLCI, MTRX, MLHR)
Thursday, September 16, 2010 - 5:45am | 253Oracle Corp (NASDAQ: ORCL) is likely to post its FQ1 EPS at $0.36 on $7.27 billion in revenue. FedEx Corp (NYSE: FDX) may post its FQ1 profit of $1.20 per share on revenue of $9.41 billion. Pier 1 Imports Inc (NYSE: PIR) is expected to report its Q2 earnings of $0.11 per share on revenue of $310.08...
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Stocks To Watch For September 16 (ORCL, DBRN, RIMM, GME, FDX)
Thursday, September 16, 2010 - 5:08am | 240Some of the stocks that may grab the investor focus today are: Wall Street expects Oracle Corp (NASDAQ: ORCL) to post its FQ1 EPS at $0.36. ORCL's shares moved up 0.08% to $25.76 in after-hours trading. Dress Barn Inc (NASDAQ: DBRN) reported its Q4 net income at $0.52 per share, up from $0.40 per...
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Six Large Corporations Announce New Supplier Program (T, BAC, C, IBM, PFE, UPS)
Tuesday, September 14, 2010 - 9:08am | 148A consortium of large businesses in a variety of industry sectors today announced a new way for small businesses to compete with greater ease to sell goods and services to global companies, potentially leading to the creation of new jobs and economic growth. AT&T (NYSE: T), Bank of America (...
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FedEx F1Q11 Preview
Tuesday, September 14, 2010 - 7:37am | 97FedEx Corporation (NYSE: FDX) is scheduled to report F1Q11 earnings Thursday, September 16th before the market opens and is expected to report at the higher end of EPS guidance and introduce midpoint 2Q11 guidance above consensus, Piper Jaffray reports. Guidance range is currently $1.05-1.25,...
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The Week in Preview: FedEx, Best Buy, Oracle and Lots of Economic Data
Monday, September 13, 2010 - 8:17am | 437Last week, the Fed's Beige Book report confirmed that the economy continues to grow, but at a slower pace than in previous periods. This week will bring plenty of economic data to either support or contrast with the Fed's findings. Monday: Federal government budget balance for August Tuesday:...
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Zacks Earnings Preview: Oracle, Federal Express, Discover Financial, Kroger's and Best Buy - Press Releases
Monday, September 13, 2010 - 8:03am | 2045For Immediate Release Chicago, IL – September 13, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Oracle (ORCL), Federal Express (FDX), Discover Financial (DFS), Kroger's (KR), and Best Buy (BBY).To see more earnings analysis, visit http...
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WHAT'S ON TAP?
Sunday, September 12, 2010 - 2:00am | 1434For the week of September 13th (in conjunction with Econoday): It’s a moderately heavy week on the news front. We’ll get a trickle of important earnings including Best Buy and FedEx. We also have important inflation reports, retail sales, industrial production and several local manufacturing...
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Mike Khouw And Carter Worth Are Bearish On FedEx Corporation (FDX)
Saturday, September 11, 2010 - 6:56am | 268Carter Worth analyzed, on CNBC's Options Action, FedEx Corporation's (NYSE: FDX) chart, and his analysis showed that a bearish pattern is forming. He was looking at a daily closing price in the last two years, and he concluded that the stock has tripled from the March lows. He spotted a head and...