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US Stock Futures Down, Fed In Focus
Wednesday, June 22, 2011 - 5:17am | 531US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...
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Earnings Scheduled For June 22
Tuesday, June 21, 2011 - 11:48pm | 329Paychex Inc (NASDAQ: PAYX) is projected to report its FQ4 earnings at $0.33 per share on revenue of $515.91 million. FedEx Corp (NYSE: FDX) is estimated to post its FQ4 earnings at $1.72 per share on revenue of $10.42 billion. Red Hat Inc (NYSE: RHT) is estimated to post its Q1 EPS at $0.22 on...
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Stocks To Watch For June 22
Tuesday, June 21, 2011 - 11:40pm | 301Some of the stocks that may grab investor focus today are: Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) to post its Q1 earnings at $0.63 per share on revenue of $2.08 billion. BBBY shares dropped 0.16% to $53.97 in after-hours trading. Adobe Systems Inc (NASDAQ: ADBE) posted a 54...
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Earnings Preview: FedEx & How To Trade It
Tuesday, June 21, 2011 - 12:19pm | 331FedEx Corporation (NYSE: FDX) shares are higher today, gaining 2%, but the real action will come tomorrow, when the Memphis-based company reported earnings. FedEx, led by CEO Fred Smith, is expected to report earnings of $1.72 per share on $10.72 billion in revenues. This is up from last year,...
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Deutsche Bank Positive On FedEx Going Into Earnings
Tuesday, June 21, 2011 - 6:52am | 126Deutsche Bank has a Buy rating and a $133 price target on shares of FedEx (NYSE: FDX) as it previews the company's earnings. In a note to investors, Deutsche Bank writes, "We see a positive risk/reward heading into FDX's FQ4 earnings on Wed. with shares trading at just 13.6x our FY2012 EPS...
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Deutsche Bank Updates 6/21
Tuesday, June 21, 2011 - 6:03am | 455Deutsche Bank made a number of updates in a research report published today. Biogen Idec (NASDAQ: BIIB) had its rating upgraded from Hold to Buy. At the same time, Deutsche Bank raised its price target on the company's stock from $106 to $129. In the report, Deutsche Bank states, "Upgrading to...
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Jefferies Comments On FedEx F4Q Results
Monday, June 20, 2011 - 7:11am | 66According to Jefferies, FedEx (NYSE: FDX) reports F4Q on Wednesday morning. Jefferies said that expectations are especially low heading into the report, suggesting a potential relief rally on inline F4Q results and F2012 guidance. “We believe fuel concerns are overblown, and that pricing is more...
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A Look Ahead: Next Week's ETFs To Watch
Friday, June 17, 2011 - 3:54pm | 506Go away Greece. Seriously, that might be the mantra of those that have dared to be long the market in recent days. Hopes for a solution to Greece's massive fiscal woes buoyed the Dow Jones Industrial Average over the past three days, helping the two indexes to their first positive weekly runs since...
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Citi Updates 6/16
Thursday, June 16, 2011 - 7:02am | 742Citi made a number of updates in a research report published today. Solar Capital (NASDAQ: SLRC) has been downgraded from Hold to Buy. At the same time, Citi reduced its price target on the companies stock from $28 to $26. In the report, Citi states, "We are downgrading the shares of SLRC to a...
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Citi Previews F4Q Results On FDX
Thursday, June 16, 2011 - 6:45am | 162Citi is maintaining its Buy rating and $110 price target on FedEx Corp. (NYSE: FDX) as the company prepares to release its F4Q results next Wednesday. Says Citi, in the report, “With FedEx set to report F4Q11 EPS next Wednesday, focus will be on results relative to expectations and the company's...
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Piper Jaffray Reiterates Overweight and PT of $116 on FedEx
Wednesday, June 15, 2011 - 6:45am | 168Piper Jaffray reiterated its Overweight rating on FedEx (NYSE: FDX). At the same time, Piper Jaffray left its price target on the company's stock unchanged at $116 ahead of the company's quarterly earnings report, which is due on Wednesday, June 22. In a research report published today, Piper...
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Express-1 Expedited Solutions Trading over 6% Higher After Bradley S. Jacobs to Lead Equity Investment of up to $150 Million
Tuesday, June 14, 2011 - 8:34am | 63Express-1 Expedited Solutions, Inc. (NYSE: XPO) and Bradley S. Jacobs today announced that they have entered into an agreement under which Jacobs and minority co-investors will invest an aggregate of up to $150 million in cash in Express-1. Read more here.
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Bradley S. Jacobs to Lead Equity Investment of up to $150M in Express-1 Expedited Solutions
Tuesday, June 14, 2011 - 6:07am | 70Express-1 Expedited Solutions, Inc. (NYSE: XPO) and Bradley S. Jacobs today announced that they have entered into an agreement under which Jacobs and minority co-investors will invest an aggregate of up to $150 million in cash in Express-1, including an investment by Jacobs Private Equity LLC of up...
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Huge Dividend Increases are a Sign of an Economic Turnaround
Monday, June 13, 2011 - 10:20pm | 480What better indication of a company's health than an increase in dividend. And if lots of companies raise their dividend across various sectors, it is a positive sign for the economy. If you own a high yield stock for the long term for its income, and the stock increases its dividend, then you...
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Know Thyself 06-13-2011
Monday, June 13, 2011 - 2:07pm | 951Cusick's Corner Lately I have had a new mantra, "Be an Optimist." However, there is not much on the financial landscape that makes me feel that way, nothing. But I remind myself that emotion is the very thing trading is all about. There are strategies that play to this very mood, .i.e. bearish...