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Why FedEx Is A Top Transportation Stock Pick
Tuesday, June 29, 2021 - 10:03am | 367FedEx Corporation (NYSE: FDX) shares initially traded lower after the company disappointed Wall Street with its fiscal fourth-quarter earnings report last week. On Tuesday, Bank of America analyst Ken Hoexter added FedEx to the firm’s US1 list and named it his top transportation stock pick....
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5 FedEx Analysts Break Down Q4 Earnings: 'We Continue To See Upside Potential'
Sunday, June 27, 2021 - 11:16am | 571FedEx Corporation (NYSE: FDX) traded lower by 4% on Friday after the company delivered lackluster fiscal fourth-quarter numbers on Thursday afternoon. FedEx reported fourth-quarter adjusted EPS of $5.01, narrowly beating consensus analyst estimates of $5. Fourth-quarter revenue of $22.6...
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BofA Upgrades 5 Trucking Stocks On Tight Capacity And Improving Economy
Thursday, March 4, 2021 - 11:39am | 465Economists are expecting the U.S. economy to start ramping back up in the first half of 2020, and that rebound is good news for the trucking industry moving forward. The Analyst: On Thursday, Bank of America analyst Ken Hoexter issued the following upgrades to trucking stocks: J B Hunt Transport...
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BofA Upgrades World Fuel Services On Oil Demand, Price Recovery
Tuesday, January 19, 2021 - 1:35pm | 229World Fuel Services Corp (NYSE: INT) is poised to benefit as volumes accelerate in the second half of 2021 and oil prices begin rising, according to BofA Securities. The World Fuel Services Analyst: Ken Hoexter upgraded World Fuel Services from Underperform to Buy, while raising the price target...
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BofA Raises FedEx Price Target For Second Time In 2 Weeks
Friday, September 4, 2020 - 1:37pm | 432FedEx Corporation (NYSE: FDX) traded slightly higher on Friday after one analyst raised his price target for the stock ahead of the company’s earnings report later this month. The Analyst: Bank of America analyst Ken Hoexter reiterated his Buy rating and raised his price target for FedEx...
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BofA Raises FedEx Expectations, Sees Improving Airfreight Price Environment
Thursday, August 20, 2020 - 11:09am | 367FedEx Corporation’s (NYSE: FDX) margins and returns could expand due to the paradigm shift in the pricing environment in the airfreight sector, according to BofA Securities. The FedEx Analyst: Ken Hoexter maintained a Buy rating on FedEx and raised the price target from $177 to $235. The...
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7 High-Risk Stocks For Market Gamblers
Thursday, May 28, 2020 - 2:55pm | 1153Casinos are just starting to open back up following COVID-19 shutdowns, but it may still be a while before some gamblers are willing to venture back to Vegas or even their local casino. Sports gamblers are still waiting for the return of Major League Baseball and other pro and college sports...
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FedEx Gets Upgrade On Increased Barriers To Entry, Express-Ground Integration
Monday, April 13, 2020 - 2:21pm | 336Amazon.com, Inc’s (NASDAQ: AMZN) recent decision to pause its Shipping with Amazon (SWA) third-party delivery business underlines the barriers to entry into the delivery business. Moreover, the integration of FedEx Corporation’s (NYSE: FDX) Express and Ground networks is a positive for...
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8 Stocks To Buy With Dividend Yields Of At Least 9%
Tuesday, January 21, 2020 - 1:00pm | 1214In an unpredictable market, dividend and distribution payments are one of the few things investors can reliably count on. Unfortunately, many stocks that have the highest dividend yields come with a catch. When a stock drops, dividend yields rise given they are calculated as a percentage of share...
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No Holiday Gift From FedEx, But Some Analysts Still See Delivery Around The Corner
Wednesday, December 18, 2019 - 2:30pm | 740FedEx Corporation (NYSE: FDX) shares dropped more than 10% Wednesday after the company's second-quarter earnings miss and fourth guidance cut this year. Analysts acknowledged its dilemma in a changing delivery sector, but some saw FedEx's woes as having bottomed out, with a return to a...
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Analyst: Amazon Blocking FedEx Ground Good News For UPS
Tuesday, December 17, 2019 - 12:07pm | 446FedEx Corporation (NYSE: FDX) shares tumbled Monday after Amazon.com, Inc. (NASDAQ: AMZN) announced a temporary ban on FedEx Ground for third-party Prime sales. To the Street, the new marketplace policy betrayed further deterioration of an already tenuous relationship. The Rating Bank of America...
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Analyst: New UPS CFO Brings Outsider Perspective
Wednesday, August 14, 2019 - 11:15am | 409United Parcel Service, Inc. (NYSE: UPS) has officially named former PepsiCo, Inc. (NASDAQ: PEP) Latin America finance executive Brian Newman as its new CFO, and one analyst said Newman will bring a much-needed fresh perspective to the UPS team. The Analyst Bank of America analyst Ken Hoexter...
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Analyst: Underlying Demand Doesn't Support 'Relief Rally' In Trucking Stocks
Monday, July 15, 2019 - 12:23pm | 515IAA Inc. (NYSE: IAA) has rallied 8% in the past week and is now up 18% since it split off from KAR Auction Services, Inc. (NYSE: KAR) in late June. The salvage auction stock is on fire — along with other trucking stocks — in the past two days, Bank of America Merrill Lynch analyst Ken...
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FedEx Move To 7-Day Ground Delivery Will Have Costs Before Revenue Gains
Friday, May 31, 2019 - 1:12pm | 484The boom in online buying is again forcing a big shipper to expand its service, and that's going to mean more cost. FedEx Corporation (NYSE: FDX) announced on Thursday ground-parcel delivery unit FedEx Ground will add Sunday delivery, starting in January. The move comes just months after FedEx...
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Wall Street Divided On Buying The FedEx Dip
Wednesday, March 20, 2019 - 1:14pm | 630FedEx Corporation (NYSE: FDX) stock dropped nearly 6 percent Wednesday after the company reported below-consensus third-quarter earnings and cut its 2019 guidance. FedEx warned that the international trade war is negatively impacting global growth. “Slowing international macroeconomic...