|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||47.11 - 52.29|
|52 Week Range||41.05 - 116.27|
|Beta (3Y Monthly)||2.15|
|PE Ratio (TTM)||18.05|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||93.20|
GREENWICH, Conn. - February 18, 2019 - XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, today announced the launch of its dynamic website redesign at ...
plunged 12.73% to close at $51.97 Friday after the global freight transportation and warehousing company missed Wall Street's fourth-quarter earnings expectations and warned of a reduction of business for 2019. Quarterly revenue totaled $4.39 billion, up 4.6% to $4.19 billion from a year ago. "We expect that our adjusted EBITDA growth this year will be in the range of 6% to 10%," Bradley Jacobs, chairman and CEO, said in a statement.
The Dow Jones Industrial Average jumped more than 1% while the Nasdaq Composite struggled to stay above breakeven on Friday, finishing 61 basis points higher, as markets head into a three-day weekend. (That's right, don't forget to keep your screens off on Monday, unless you just want to get in a little extra chart studying.) Speaking of which, here are the five top stocks to trades for when the markets reopen Tuesday: Deere (DE) Click to Enlarge Shares of Deere (NYSE:DE) came under slight pressure Friday, falling just 2.1% despite missing on earnings expectations and beating on revenue estimates. With shares hovering right near $165 resistance, Deere would've needed a strong quarter to launch its stock into breakout mode.Now pulling back, we have to see where support comes into play. Short of Friday marking the short-term low, a test of the 50-day seems likely.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf we get a broader market correction -- and perhaps some trade-war worries -- we could get DE stock down into this $145 to $148 area. That puts uptrend support, and the 200-day moving average, into play. * 7 Financial Stocks With Accelerating Growth That would give investors a low-risk long opportunity should they find DE attractive. Nvidia (NVDA) Click to Enlarge Shares of Nvidia (NASDAQ:NVDA) were up big in after-hours trading Thursday evening. The company's earnings results and guidance gave bulls confidence, running shares up over $170. That was a key level in the stock though -- and one we outlined earlier this week.With shares up just over 2% now, confidence isn't all that high and the move isn't all that impressive as NVDA fades off its highs. Bulls want to see to the stock stay over the 21-day moving average now. Below and the 50-day is on the table and possibly a test of uptrend support down below $140.If the 21-day holds, a run up to $174 is possible. Above that and $200 becomes a possibility again. Canopy Growth (CGC) Click to EnlargeLike Nvidia, the modest post-earnings rally in Canopy Growth (NYSE:CGC) isn't exactly inspiring the bullish spirits on Wall Street. Shares continue to hold up over this $45 to $46 level, as well as uptrend support and the 21-day moving average.So long as that's the case, CGC can technically move higher. If it closes above $50, it could trigger a move up to the prior highs near $60. Below the 21-day moving average, though, and Canopy Growth stock may need some time to reset. Applied Materials (AMAT) Click to EnlargeA rally from sub-$30 to more than $40 per share right into the 200-day moving average put bulls in a poor risk-reward situation with Applied Materials (NASDAQ:AMAT). Particularly with the company reporting earnings.Despite a top and bottom line beat, AMAT stock pulled back after somewhat disappointing guidance. That said, shares are bouncing nicely off the 21-day moving average. Considering the run-up prior to earnings, this price action isn't all that bad.Aggressive bulls can buy now and use a close below the 21-day as their stop. Conservative bulls can buy on a potential breakout over the 200-day moving average.Bears have a play too. If they didn't like the quarter and don't like the stock, they can consider shorting AMAT with a stop-loss on a close over the 200-day. More conservative bears can wait for a break of the 21-day.If they get it, they can look to ride AMAT down to the 50-day moving average. Newell (NWL) and XPO Logistics (XPO) Click to Enlarge Newell Brands (NYSE:NWL) (top) beat on earnings but missed on revenue estimates for the fourth quarter. Making matters worse, guidance disappointed.In all, the report sent shares reeling, down more than 20% Friday. As such, NWL stock remains a no-touch. Its plunge below $18 thrusts it into no man's land and puts the $15 lows on the table.This one remains a disaster, just like XPO Logistics (NYSE:XPO), below.A top and bottom line earnings miss sent XPO spiraling lower Friday, falling more than 12%.While XPO is rallying off the lows, it's in no man's land, too. Like Newell, its 52-week lows are on the table of possibilities, and it's hard to have much trust in this name until it can get above its 21- and 50-day moving averages.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post 6 Top Stocks to Trade Tuesday, Including Canopy Growth appeared first on InvestorPlace.
Stocks that moved substantially or traded heavily on Friday: Arista Networks Inc., up $23.17 to $263.95 The cloud-computing company beat fourth-quarter forecasts on a surge in revenue and issued a strong ...
XPO Logistics warned that its "largest customer" — widely seen as Amazon — is downsizing its business. XPO Logistics stock tumbled; UPS, FedEx fell.
XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds. XPO shares fell $8.53 to $51.02 a day after the company missed fourth-quarter profit targets and warned that it could lose $600 million in revenue in 2019 due to a reduction in business from its biggest customer, which XPO did not name. Current and former XPO employees as well as industry insiders told Reuters that the customer is Amazon.
While XPO didn’t identify the mystery client, Wall Street analysts and industry consultants said it was almost certainly Amazon.com Inc. The e-commerce giant has been building its own package-delivery business to reduce its dependence on third-party carriers and logistics companies. XPO’s largest customer cut back by two-thirds, Jacobs said, eliminating $600 million in sales for operations such as processing and transferring packages to the U.S. Postal Service.
Shares of FedEx Corp. sank 3.0% and United Parcel Service Inc. shed 1.3% in midday trade Friday, bucking the gains seen in the broader market, after fellow transportation company XPO Logisitics Inc. said its largest customer is curtailing about two-thirds of its postal injection business. XPO declined to comment on who the customer was, but J.P. Morgan analyst Brian Ossenbeck said the loss of business is likely Amazon.com Inc. taking capacity in-house. Ossenbeck said he could see FedEx and UPS shares "react negatively on the implication that Amazon is reducing third party transportation exposure." The shares were the biggest decliners in the Dow Jones Transportation Average , which rose 0.3%, compared with the Dow Jones Industrial Average's 350-point, or 1.4% gain. Meanwhile, XPO's stock tumbled 16%.
The head of transport and logistics giant XPO Logistics, Inc. (NYSE: XPO) today ruled out any acquisitions for the foreseeable future, saying that repurchasing the company's shares at currently depressed prices is a far more effective use of its capital. Merger and acquisition activity is a "much, much lower priority for us," Brad Jacobs said in an interview with FreightWaves after the Greenwich, Conn.-based concern reported fourth-quarter and full-year 2018 results. XPO came very close to making an acquisition near the end of 2018, Jacobs said.
XPO stock tanked a whopping 12.7 percent after the transportation company reported disappointing fourth-quarter results. Canopy Growth CGC — Cannabis producer Canopy Growth rallied 3 percent Friday after it reported third-quarter revenue rose 282 percent over the last year in one of Wall Street's first looks into the legal recreational marijuana market in Canada. PepsiCo PEP – Shares of Pepsi rose nearly 3 percent after the beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates.
XPO Logistics Inc (NYSE: XPO ) reported disappointing fourth-quarter results and lowered its 2019 guidance Thursday. This may cause a “sentiment shift” that could persist for the next several quarters, ...
XPO Logistics cut guidance and said it lost profits from a large customer. Investors will believe that’s the last-mile logistic business XPO provides for Amazon.com.
The backing from Amazon will bolster Michigan-based Rivian’s plans to bring an electric truck to market in late 2020. Rivian remains in talks with General Motors Co. about the largest U.S. automaker making an investment or collaborating another way, people familiar with the matter said. Chief Executive Officer R.J. Scaringe said in his first interview since reports of Rivian’s talks with Amazon and GM surfaced earlier this week that he was seeking companies that could help the electric-vehicle maker grow.
The step back from an acquisitions strategy that helped build the company follows a weaker-than-expected earnings report and a lowered profit outlook for this year, the WSJ Logistics Report’s Jennifer Smith writes, the latest signs of wavering growth at the business. Industry analysts believe that’s likely Amazon, which is bringing more of its logistics operations in-house. The company’s decision to abandon its multi-headed headquarters move into New York marks a retreat in the face of stiff opposition from some local politicians, the WSJ’s Laura Stevens, Jimmy Vielkind and Katie Honan report.
Transport and logistics provider XPO Logistics Inc. (NYSE: XPO) will close a Memphis distribution center that had been the site of alleged worker mistreatment by the company, saying today it chose to shutter the facility after its sole customer, telecom giant Verizon Wireless (NYSE: VZ), decided to no longer fulfill product from there. The facility, which employs 400 people, is expected to close in June, XPO said in a statement today. Layoffs will begin April 15 and be spread out over two weeks, according to an XPO letter to employees posted yesterday on the Teamsters union website.
Shares of XPO Logistics, one of the largest transportation and warehouse companies in the world, plummeted more than 13 percent after reporting weaker-than-expected earnings and issuing a dire warning about its business in 2019.