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FedEx (FEDX) Reports Decline In Profits, Stock Dips 4.89%
Thursday, December 17, 2009 - 2:35pm | 66For the quarter ended on November 30, FedEx Corporation (NYSE: FDX) reported a profit of $345 million, a 30% decline from the previous $493 million and a revenue of $8.6 billion, a 9.9% drop. The company is planning to resume a salary increase and some retirement-plan contribution for the...
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FedEx Corp. (FDX) All Set To Show Weakness On Charts
Thursday, December 17, 2009 - 11:38am | 125FedEx Corp. (NYSE: FDX)(FREE stock trend analysis) announced on Thursday that its Q2 earnings fell 30% as lower fuel charges took a bite out of average prices, thus offsetting a general increase in shipping volume and leading to forecast of a softer-than-expected Q3. FedEx Corp. (FDX)(FREE stock...
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Stock Market News for December 17, 2009 - Market News
Thursday, December 17, 2009 - 9:59am | 398The US Federal Reserve’s extraordinary intervention in the credit markets that began almost two years ago is likely to continue – at least in the near future. Yesterday, at the end of the two-day meeting of the Federal Open Market Committee, the Fed repeated its commitment to keep interest rates “...
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Benzinga’s Earnings Roundup (PIR, GIS, WGO, SCHL, RAD, FDX)
Thursday, December 17, 2009 - 9:03am | 414Pier 1 Imports, Inc. (NYSE: PIR) today reported third-quarter profit of $38.8 million or $0.37 a share as compared to a loss of $36.9 million or $0.41 a share in the year ago period. Sales increased to $327.1 million against $300.9 million from the same quarter last year. Pier 1 Imports fell by 0....
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Fast Money Picks For December 16th (TSO, TSL, EXPD, IPI)
Tuesday, December 15, 2009 - 8:35pm | 104CNCB's Fast Money Gary Kaminsky thinks that Expeditors International of Washington (NASDAQ: EXPD) is breaking out and recommends it as a buy. Expeditors (EXPD) gained 1.27% today. Tim Seymour likes Tesoro Corporation (NYSE: TSO), while Guy Adami recommends Trina Solar Limited (ADR) (NYSE: TSL)....
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FedEX (FDX) Could Witness Material Earnings Expansion
Tuesday, December 15, 2009 - 5:25pm | 70Barclays wants to own FedEx Corporation (NYSE: FDX) shares with expectations that earnings across the cycle will impress and considers the concerns about secular pricing weakness as predominantly cyclical. It has given a 12-month price target of $98 for FedEx and expects that a combination of...
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Company News for December 14, 2009 - Corporate Summary
Monday, December 14, 2009 - 9:58am | 184• Citigroup (NYSE:C) announced its agreement to repay the $20 billion in TARP bailout funds • Reports said Google (NASDAQ:GOOG) plans to begin selling its own "Nexus One" cell phone directly to customers as early as next year • The holiday shipping rush kicks in this week, with FedEx (NYSE:FDX)...
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Stocks Flying Under the Radar (12/12/09)
Saturday, December 12, 2009 - 5:01pm | 195Here's a new stock screen for all of you to munch on this weekend - I'm basically looking for stocks that have a book value per share that is more than its price per share (i.e. less than "1"). Also, I wanted only those stocks that are showing in increase in interest from the institutions (i.e....
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FDX vs UPS: Comparing the Shipping Giants
Thursday, December 10, 2009 - 3:41pm | 607On a lethargic day in terms of market action on Monday, the day’s biggest news arrived in the after-hours session when FedEx (FDX) boosted its profit guidance for the current quarter to $1.10 a share from 65-95 cents a share. FedEx cited increased demand for its international and ground shipping...
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New 52-Week High Stocks (FDX, APW, WLP, SYY, DAN)
Tuesday, December 8, 2009 - 12:37pm | 195FedEx Corporation (NYSE: FDX) has made a new 52-week high at $90.50 after FedEx Corp. (FDX) boosted its fiscal second-quarter earnings guidance, citing better-than-expected growth in its international priority and ground shipping volumes, along with continued cost-cutting efforts. Currently, AMD is...
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CHRW has Pricing Cushion in This Transition Period
Tuesday, December 8, 2009 - 12:02pm | 127Analyst Gallo of Wells Fargo Securities maintained his “outperform” rating for CH Robinson Worldwide Inc (NASDAQ: CHRW). According to Wells Fargo Securities, the strength in spot market pricing in the month of November does not seem to be broad based. A recovery in volumes seems to be stronger than...
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Stock Market News for December 08, 2009 - Market News
Tuesday, December 8, 2009 - 10:13am | 495Stocks ended Monday’s trading almost unchanged as investors looked for fresh signs to keep the upward momentum going. Fed Chairman Ben Bernanke’s remarks that interest rates are likely to remain low hurt the dollar, which in turn helped stocks of companies that do business overseas. Lower...
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Stock Futures Signal Mixed Open
Tuesday, December 8, 2009 - 8:21am | 169Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21%, Dow Jones futures down 0.07% and NASDAQ 100 futures down 0.13% at 0933 GMT (4:33 a.m. EST). FedEx Corp (NYSE: FDX) will be in the spotlight after saying that its Q2 earnings would...
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FedEx (FDX) Says Earnings will top Previous Guidance
Tuesday, December 8, 2009 - 7:51am | 122FedEx Corp. (NYSE: FDX) raised its forecast of earnings for the November quarter, citing stronger-than-expected growth in international priority and ground shipments. The package-delivery company said it expected to report profit of $1.10 per share, down 30% from a year ago, when it earned $1.58...
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ETFs To Watch December 8, 2009 (IYT, SKF, EWJ, DUG, ZSL)
Tuesday, December 8, 2009 - 5:14am | 206Here is the ETF Professor's ETF Watchlist for Tuesday December 8, 2009. On news of FedEx's (NYSE: FDX) increased profit guidance, try the iShares Dow Jones Transportation Average ETF (NYSE: IYT). FedEx is the second-largest holding in the ETF. On news of Japan's new stimulus package, take a look at...