|Bid||0.00 x 1300|
|Ask||0.00 x 1000|
|Day's Range||222.44 - 226.00|
|52 Week Range||214.17 - 274.66|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||12.61|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.18%)|
|1y Target Est||289.11|
Industrials are feeling the pinch of the volatile market. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, Scott Gamm and Seema Shah of Principal Global Investors discuss.
U.S. officials said the administration sought to revise the treaty in September and was rebuffed by other nations, prompting the decision to withdraw. The State Department will deliver a notice to the Universal Postal Union in Switzerland Wednesday, White House Press Secretary Sarah Huckabee Sanders said in a statement.
The DCS (Dedicated Contract Services) segment is J.B. Hunt Transport’s (JBHT) second-largest segment in terms of revenues. In the third quarter, the segment’s revenue share was 24.7%—up 0.9% from 23.8% in the third quarter of 2017. The segment’s third-quarter revenues rose 24% YoY to $543.0 million from $438.0 million in the third quarter of 2017.
A Charlotte developer has begun construction in the Triad on a 270,000-square-foot facility for a familiar international delivery courier.
One of the main tenets of Dow Theory is that major trends are identified when a major average such as the Dow Jones Transportation Average moves beyond its previous swing high/low and is then confirmed by movements in other indexes. As a result, many active traders tend to keep a close eye on the transportation sector and look to it as a leading indicator that can predict the movements of the broader market. As discussed above, the transportation sector is often looked to as a leading indicator that points to how traders expect the broader market to behave.
Shares of global shipping giant FedEx (NASDAQ:FDX) are knocking on the door of the bears. Last Thursday, FedEx stock entered bear territory, as shares shed in excess of 20% from its late January peak and all-time-high of $272.65. As most investors and consumers are aware, as economic activity picks up steam and the demand for shipping packages grows, FedEx is there on the scene with its worldwide network of planes and white panel trucks.
The more than 50 current and former executives at Memphis-based public companies earned $180 million in total compensation in 2017.
Republican candidate Bill Lee has a clear fundraising advantage on Democratic candidate Karl Dean according to the filings — including a big advantage in Memphis.
What trade war with China? Executives at the biggest companies are fixated on the negative impact of a stronger U.S. dollar than tariffs now.
Amazon (AMZN) is boosting the starting wage for its US employees to $15 an hour. About 250,000 current employees and some 100,000 seasonal workers are expected to benefit from the pay hike, which will take effect on November 1. Rising wages usually drive up costs, and that’s an impact Amazon is expected to feel as it lifts the starting pay rates for hundreds of thousands of employees.
The FedEx World Hub might be the best visual representation for the approaching holiday season. While the official peak is Thanksgiving to Christmas, volume is already starting to increase at the Memphis World Hub, which means additional seasonal workers will continue to be added. In total, the Memphis-based shipping and logistics provider plans to hire 55,000 additional workers, with 3,800 of those at the Memphis hub.
The USPS has proposed a 12.3% price increase for its lightweight parcel service and a 9.3% increase for non-lightweight service.
Check out the companies making headlines after the bell: Square SQ stock rose more than 1 percent during post-market trading Thursday. During the day, shares dropped as much as 15 percent in the wake of the the announcement that its CFO Sarah Friar will be leaving the company to become the CEO of social media site Nextdoor.
The U.S. Postal Service has proposed a 9 to 12 percent increase to the shipping service used by Amazon.com. The Parcel Select Service, which is also used by United Parcel Service and FedEx, is the last and typically the most expensive step in the shipping process that gets the packages to customers' doorsteps.
Packaging giant FedEx Corporation ( FDX) has seen its shares drop 30 points in the past three weeks, and the stock has now lost nearly 8% since the first trading day of 2018. That's a startling turnaround for the perennial market leader, which posted double-digit percentage returns in 2016 and 2017. This early cyclical play and its rival United Parcel Service, Inc. ( UPS) have long held reputations as canaries in the coalmine for the U.S. economy, measuring the output of American industry through their shipping habits.
More important, how is that world to be as safe as the one we’re in now?“It is not as complicated as it sounds, and it is not as dangerous as it sounds,” said Elpert Hodge, executive vice president of M2C Aerospace Inc., a New England startup working to build a flight system for single-pilot commercial aircraft operations. The startup hopes to meet airlines’ desire to cut costs while addressing a pilot shortage that’s already curtailed air service in some regions. The technology to achieve this is likely to be available soon.