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FedEx Corporation

5/21/2013, 6:23 PM ET

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Tuesday, May 21, 8:49 AM Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways," is #4 of Bob Farrell's "Market Rules to Remember." Channeling that, BAML's Steve Suttmeier sees stocks continuing their run with risks of a topping-out not arriving unti late summer. He's most bullish on industrials (XLI) - particularly "oversold" EXPD, DE, CAT, FDX - and also thinks financials (XLF) will remain market leaders. 4 Comments
Friday, May 10, 11:24 AM The USPS lost $1.9B in Q1 of 2013 as Congress continues to fiddle with the agency burning through cash. The read-through to UPS (UPS +0.3%) and FedEx (FDX -0.4%) from the plight of the USPS is sometimes murky, but in general analysts think that if the USPS continues to raise rates while cutting services it will help maintain the pricing power of the two freight companies. 8 Comments [Consumer, U.S. Economy]
Wednesday, April 24, 8:50 AM Shares of FedEx (FDX) are up 1.6% premarket off of news that the company will provide air transport services for the USPS. The new contract to fly Express Mail and Priority Mail kicks in during October. Quick reaction to the deal: An obvious win for FedEx, but even more so considering UPS was expected to land 20% to 30% of the business. Comment! [Consumer, On the Move]
Tuesday, April 23, 5:43 PM FedEx (FDX) inks a seven-year, $10.5B air transport deal with the USPS. FDX's current contract expires in Sept. FDX +0.9% AH. (PR) 1 Comment [Breaking News]
Tuesday, April 23, 10:19 AM FedEX (FDX -0.3%) launches a new customizable delivery service which can be accessed through a variety of digital platforms. As part of the initiative, the company will charge customers $5 to reschedule a delivery date or location and tack on a $10 fee to request a 2-hour delivery window. Comment! [Consumer]
Thursday, April 18, 10:50 AM Federal Express (FDX -2.5%) slips lower after RBC Capital takes a cautious view of the company's potential to outperform. The firm reduces its rating to Underperform from Sector Perform and clips its price target to $87. 1 Comment [Consumer, On the Move]
Wednesday, April 10, 12:53 PM The USPS decides not to end Saturday mail delivery this summer because the federal agency says language in the current budget plan passed by Congress won't allow the measure. For now, the losses will continue to bleed. 4 Comments [U.S. Economy]
Monday, April 8, 9:06 AM The waiting game: Don't expect the wheels of justice to turn swiftly for the appeal by UPS (UPS) of the EU rejection of its bid to buy TNT Express with the average appeal taking two years to get hashed out. At the moment, FedEx (FDX) has no interest in stepping in to buy European assets from UPS to make the deal palatable to regulators, but due to the long appeal process there's plenty of time for the company to reconsider. Comment! [Consumer, Global & FX]
Thursday, March 28, 10:10 AM FedEx vs UPS: Stephens initiates coverage on FedEx (FDX -0.2%) with an Overweight rating while lining up UPS (UPS -0.1%) at Equal-Weight. Based on the price targets, the firm sees 28% upside in FedEx while only a modest 5% gainer for UPS. Comment! [Consumer]
Sunday, March 24, 4:58 AM Airlines for America, a trade group that represents large carriers, has said that its members don't have any plans to cancel or postpone flights because of the expected closure of 148 air-traffic control towers. The FAA announced the closures on Friday as part of its program to save $627M because of sequestration. The cost cuts will also affect major airports such as Chicago's O'Hare, where controllers will be required to work fewer hours per month. 7 Comments [U.S. Economy, Consumer]
Friday, March 22, 4:49 AM FedEx (FDX) agrees to acquire up to 14 Boeing 757 jets from United Airlines (UAL) and takes an option to buy another 16 as part of the delivery company's fleet renewal. Converting the jets to carry cargo costs $5M a plane. 3 Comments [Consumer]
Thursday, March 21, 3:34 PM Congress votes to keep Saturday delivery of first-class mail by the USPS, although language in the spending measure easily allows the agency to alter the type of products it delivers. The development is expected to only have a minor read-through for FedEX (FDX -2.5%) due to its partnership with the USPS and an even smaller impact on rival UPS (UPS -1.1%). 6 Comments [Consumer]
Wednesday, March 20, 8:13 AM Is the rough quarter at FedEx (FDX) a sign of something bigger? Though the company says it can adjust its international model to boost profits, retail analysts question if a larger structural tradedown by global customers could be in play. One that could stick. FDX -3.5% premarket. Comment! [Consumer]
Wednesday, March 20, 7:40 AM More on FedEx's (FDX) FQ3: A "very challenging" quarter was impacted by weakness in air freight markets and yield pressure due to industry overcapacity. International revenue came in $100M below guidance as customers opted for lower-yielding services. A focus moving forward will be to replace older less-efficient aircraft and manage traffic flow in Asia to boost profitability. The company sees Q4 EPS of $1.90-$2.10 vs. $2.13 consensus and $6.00-$6.20 vs. $6.35 consensus for FY13. A 10M share buyback is approved. FDX -3.2% premarket. (PR) Comment! [Consumer, Earnings, On the Move]
Wednesday, March 20, 7:31 AM FedEx (FDX): FQ3 EPS of $1.23 misses by $0.15. Revenue of $11B (+4% Y/Y) beats by $0.15B. (PR) 3 Comments [Earnings, Breaking News]
Wednesday, March 20, 12:05 AM Notable earnings before Wednesday’s open: FDX, GIS, LEN Comment! [Earnings]

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