|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||152.34 - 154.89|
|52 Week Range||137.78 - 217.45|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||90.45|
|Forward Dividend & Yield||2.60 (1.69%)|
|1y Target Est||N/A|
UPS expects to deliver an average of 32 million packages and documents a day during the holiday season. Yahoo Finance’s Adam Shapiro and Jared Blikre discuss on The Ticker.
New York mayor Bill de Blasio is not too happy with FedEx. The mayor was not too happy when one of the company's autonomous delivery robot was spotted in the city.
The collaboration with U of M Global provides paths for certifications and degrees to hundreds if not thousands of Methodist Le Bonheur employees. And an expansion of FedEx's program means there are 'another 10,000 employees at FedEx at 130 locations around the country who will have the opportunity to become a Tiger.'
Stavros Lambrinidis said the U.S. and E.U. must work together to stop China from violating international laws instead of fighting with each other about tariffs.
It was another down day as traders fear that the trade war could worsen before it gets better. Let's look at a few top stock trades in the meantime. Top Stock Trades for Tomorrow No. 1: Coupa Software (COUP)Source: Chart courtesy of StockCharts.comCoupa Software (NASDAQ:COUP) was just unlucky when it came to its earnings date. The market took a hit on Monday and Tuesday, with COUP reporting after the close on the former.It sent shares reeling at the open, but the stock has since recouped most of those losses. Okay fine, I'll show myself out after the charts, but this one is exciting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock found support at the 50-day and 100-day moving average. After briefly breaking below these marks, shares reclaimed them and rallied higher. Conservative bulls who go long COUP can now use a close below the 50-day and 100-day moving averages as their stop-losses. More aggressive traders will use Tuesday's low. * 7 Exciting Biotech Stocks to Buy Now Either way, let's see if the stock can rally up to resistance between $155 and $160. If it can, a breakout could be on deck. On the flip side, a move below Tuesday's low could put $125 and/or the 200-day moving average on the table. Top Stock Trades for Tomorrow No. 2: Peloton (PTON)Source: Chart courtesy of StockCharts.comFirst Peloton (NASDAQ:PTON) was hated. Then it was apparently loved as momentum traders got a hold of it and ran it from the low-$20's to a high of $37 just the other day. The stock even rallied 4.5% in the face of a market-wide correction. There were only a handful of stocks showing relative strength that day.In any regard, shares were down 9% with less than one hour to go in Tuesday's trading session. It leaves PTON sitting right on the 78.6% retracement. After such a big move up, I'm not in any rush to buy Peloton on its first sign of a pullback.If the 78.6% retracement holds, let's see if PTON can erase some of these losses. If not, look for a test down into the $30 to $31 area, where Peloton will find a momentum breakout spot, as well as the 61.8% retracement and 20-day moving average. Falling below that level puts the $29 IPO price on the table. Top Stock Trades for Tomorrow No. 3: Canopy Growth (CGC)Source: Chart courtesy of StockCharts.comThe S&P 500 spent much of the session lower by more than 1%, yet cannabis stocks were holding up. In fact, they weren't just avoiding new lows, they were actually trading higher.Specifically regarding Canopy Growth (NYSE:CGC), bulls have to see two things from the stock, one of which needs to happen, the other of which can't happen. CGC needs to break above downtrend resistance and needs to avoid making new 52-week lows.Regarding the latter, the 50-day moving average has been a lid on the stock price and most recently rejected CGC amid its late-November surge. While holding up over $17.50 in the short-term is good, we need to see more before we can trust CGC on the long side. Clearing the 50-day is the first step in that process.Trading higher amid a down day in the markets could be a positive development in that regard. Let's keep an eye on this one. Top Stock Trades for Tomorrow No. 4: Realty Income (O)Source: Chart courtesy of StockCharts.comOne of America's favorite REITs, Realty Income (NYSE:O) has been struggling lately. For those looking to buy, they may hope those struggles continue.Shares look to be setting up in a descending triangle pattern (blue lines). That's where downtrend resistance continues to squeeze a stock lower into a static level of support. If it gives way, it should usher in lower prices.I don't know that O will get down to $72, but it would make an excellent buy as it pertains to risk/reward. If its decline takes time, though, the 200-day moving average may support the stock before it gets there. Top Stock Trades for Tomorrow No. 5: FedEx (FDX)Source: Chart courtesy of StockCharts.comIt feels like FedEx (NYSE:FDX) stock has been struggling for a long time now. $150 has been support over the past year, with one slip down to $138 in October.Falling below $150 puts that sub-$140 level on watch again. Below that and even more selling can take place. Before we can really trust FDX on the long side, we need to see it reclaim downtrend resistance and the 50-week moving average.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Biotech Stocks to Buy Now * 10 of the Best Stocks to Buy Right Now From the JUST 100 List * 4 Marijuana Stocks to Own If the U.S. Legalizes Pot The post 5 Top Stock Trades for Wednesday: COUP, PTON, CGC appeared first on InvestorPlace.
Shares of FedEx Corp. slumped 3.7% in midday trading, enough to lead the losers in the Dow Jones Transportation Average and to put them on track for a third straight decline. Analyst Todd Fowler at KeyBanc Capital lowered his earnings-per-share estimates for the package delivery service, citing "ongoing macro weakness" that is negatively impacting sales mix, as as well as integration and investment costs for FedEx's Express and Ground businesses. The cuts come ahead of FedEx's fiscal second-quarter report, which is scheduled to be released in two weeks. He cuts his second-quarter EPS estimate to $2.75 from $2.94 (the FactSet consensus is $2.86), his fiscal 2020 estimate to $12.00 from $12.25 and his 2021 estimate to $13.75 from $14.25. He reiterated his sector weight rating. "Broadly, we don't expect F2Q20 to be a positive inflection, with cost actions expected to more fully materialize late FY20/21," Fowler wrote in a note to clients. As FedEx led all 20 of the Dow transports's components lower, the Dow transports fell 2.1% while the Dow Jones Industrial Average shed 352 points, or 1.3%.
Looking at the retailing and logistics colossus that Amazon.com, Inc. (NASDAQ: AMZN) has become, it's hard to comprehend how the company went about its delivery business 20 years ago. David Glick bore witness. Glick worked at Amazon from 1998 to 2018.
Today we'll take a closer look at FedEx Corporation (NYSE:FDX) from a dividend investor's perspective. Owning a strong...
By Nari Ansari, General Partner and Gal Peleg, Vice President at TCV Compliance seems to divide enterprises into three categories: Those that primarily publicize it as proof of “good governance,” those that actually push the boundaries far enough to bring consequences, and everyone else with their heads down, trying to address whatever regulatory standards govern […]
Writing for Barron’s, Allen Root argued that the one-day deliveries put too much financial pressure on the e-commerce giant, with no equivalent opportunities to increase revenue. Barron’s noted that while Amazon is spending $1.5 billion in the fourth quarter to increase the number of one-day deliveries, the service is essentially rendered for free as it is offered as part of the Amazon Prime membership, which comes with a flat yearly fee. A shipping executive told Barron’s that they could order a Nutella Jar from Amazon with one day delivery for $6.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese state media said the government would soon publish a list of “unreliable entities” that could lead to sanctions against U.S. companies, signaling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang.The Communist Party-backed Global Times said in a tweet early Tuesday that the list was being sped up in response to a bill sponsored by Republican Senator Marco Rubio requiring sanctions against Chinese officials involved in alleged abuses of Uighur Muslims in the far west region of Xinjiang. Beijing has threatened to publish such a list of companies since May, after the U.S. placed restrictions on Huawei Technologies Co.December 2, 2019 China’s foreign ministry later sidestepped a question about the report, saying only that the country’s determination to oppose foreign interference was unwavering. “China will take further necessary measures according to the development of the situation,” ministry spokeswoman Hua Chunying told a regular news briefing.Any response from China on the Xinjiang issue that hits U.S. companies would add another obstacle as the world’s two biggest economies struggle to finalize a phase-one deal to de-escalate their trade war. Investors are looking for any signs of progress ahead of a Dec. 15 deadline for President Donald Trump to add yet more tariffs on Chinese imports.Stocks were mixed in Asia as investors contemplated the latest developments in China, as well as Trump’s move to threaten new levies on France and slap steel tariffs on both Brazil and Argentina.Hong Kong BillOn Monday, Trump said that trade talks with China had been complicated by legislation he signed last week threatening sanctions on officials who undermine Hong Kong’s semi-autonomy from Beijing. That legislation, along with a bill that bans the export of crowd control devices to Hong Kong police seeking to stem pro-democracy protests, led China to threaten sanctions on some human rights organizations and halt U.S. naval visits to the city.Trump Signals Hong Kong Law Complicates China Trade TalksGlobal Times Editor-in-Chief Hu Xijin said Tuesday that the Xinjiang bill would spur more retaliation from China, writing on Twitter that U.S. officials may face visa restrictions and U.S. diplomatic passport holders could be banned from entering the province. China stands accused of incarcerating as many as a million Uighurs as part of an anti-terrorism campaign, actions it describes as voluntary re-education.China hasn’t specified which companies would be affected by the blacklist, though courier firm FedEx Corp. has been under particular scrutiny this year. Any move from President Xi Jinping’s government must also weigh the costs on China’s economy, which is growing at its slowest pace in decades.The U.S. House of Representatives is expected to vote Tuesday on the Xinjiang bill, which amends a version passed by unanimous consent in the Senate in September. It adds provisions that require the president to sanction Chinese government officials responsible for the repression of Uighurs, a predominantly Muslim and Turkic-speaking ethnic group, and places restrictions on the export of devices that could be used to spy on, or restrict, the communications or movements of group members.Year-End GoalLawmakers are working to resolve differences between the House and Senate versions of the bills to find a version that can pass swiftly through Congress before the end of the year. Rubio said that means any changes would need to be “pre-cleared” by the relevant committees so the bill could be passed by unanimous consent in the Senate.Among other provisions, the bill requires the president to submit to Congress within 120 days a list of senior Chinese government officials who have committed human rights abuses against Uighurs in Xinjiang or elsewhere in China. That list would include Xinjiang Party Secretary Chen Quanguo and officials responsible for mass incarceration or reeducation efforts targeting Uighurs and other predominantly Muslim ethnic minorities.The president would be required to impose visa and financial restrictions under the Global Magnitsky Act on the listed individuals. The State Department would also need to submit a report to Congress on human rights violations in the region.(Updates with foreign ministry response in third paragraph)\--With assistance from Dandan Li and Daniel Ten Kate.To contact the reporters on this story: Jeffrey Black in Hong Kong at email@example.com;Daniel Flatley in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Daniel Ten Kate at email@example.com, ;Malcolm Scott at firstname.lastname@example.org, Jon HerskovitzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Mattress and bedding giant Tuft & Needle left on an unprotected cloud server hundreds of thousands of FedEx shipping labels containing customer names, addresses and phone numbers. More than 236,400 shipping labels were found on an Amazon Web Services (AWS) storage bucket without a password, allowing anyone who knew the easy-to-guess web address access to the customer data. Tuft & Needle was founded in 2012 in Arizona.
UPS will reportedly debut "early next year" its real-time tracking service of medical packages that uses a combination of high-powered sensors that interact with Bluetooth, cellular and Wi-Fi technologies, and data analytics.
(Bloomberg) -- Amazon.com Inc. is gearing up for the online holiday shopping season—super-charged on Cyber Monday—by fine-tuning its sprawling delivery network to ensure orders get to customers on time. To that end, the company is testing a new inventory storage service to help meet holiday demand and its next-day shipping pledge without overcrowding its warehouses or running out of products.The new service, Amazon Storage and Replenishment, lets its merchants stage inventory close to Amazon’s delivery operation so products can be quickly replenished, according to documents reviewed by Bloomberg. Amazon is trying out the program in Ontario, California, about 20 miles from its closest facilities and has plans to expand the program to other locations around the country, according to the documents.Having spent billions of dollars building a sophisticated network of highly automated warehouses that use robots, conveyor belts and thousands of people to quickly pack and ship products, the company is now turning to a decidedly 20th-Century innovation: cheap warehouse space.Amazon has capacity challenges during the holidays, including Cyber Monday when U.S. shoppers are expected to spend a record $9.4 billion online. Amazon shares warehouse space with merchants that sell their products on its marketplace, and the company has already jacked up its storage fees during peak season to discourage those partners from cluttering facilities with too many products. But that presents the risk of merchants being overly cautious and Amazon losing sales when items run out. It can also frustrate Amazon’s merchant partners when they get stuck with a big bill to stow products that aren't selling. The new service seeks to solve both problems: declutter expensive facilities while having backup inventory close by.“Amazon is trying to figure out how to provide a logistics service merchants will pay for and not end up with warehouses full of items no one is buying,” says Juozas Kaziukenas, founder of New York e-commerce research firm Marketplace Pulse. “Many sellers are inexperienced in handling this and lose serious money on fees.”The service is the latest effort by Amazon to reach further up the supply chain to control the flow of goods from factories where products are made to customers' homes. By taking more control of logistics, Amazon feels it is less susceptible to the costly delivery snafus it faced in the U.S. in 2013 and two years later in the U.K.Amazon is becoming less of an online retailer and more of a platform and delivery pipeline for online commerce. More than half of all goods sold on the company’s site come from independent merchants who pay commissions on each sale. Amazon keeps examining every leg of the supply chain for ways to make buying something online as fast and affordable as a quick trip to the store.Amazon declined to comment.For Amazon, every holiday represents a race to find new capacity. U.S. shoppers will spend $135 billion online in November and December, representing 13.4% of all holiday sales, up from 12.3% a year ago, according to EMarketer. The shopping season is also shorter this year with six fewer days between Thanksgiving and Christmas than last year.Amazon invited merchants who use Fulfillment By Amazon, its logistics service, to try the new storage and replenishment program this year. For now, the service prohibits shoes and apparel, perishables and hazardous materials.Most attention on Amazon's logistics ambitions to date have focused on the “last mile” delivery of packages to customers' homes. Amazon has historically used United Parcel Service, the U.S. Postal Service and FedEx to make deliveries. But it has been expanding its capabilities by creating a network of independent service partners who start their own businesses and hire drivers dedicated to making Amazon deliveries. Amazon also has an Uber-type program called Flex that lets independent contractors make Amazon deliveries in their own vehicles.The new storage experiment shows Amazon trying to control the “middle mile,” a critical stage of logistics connecting factories and ports with stores and shoppers’ homes. As Amazon and other retailers seek to shorten delivery times, the middle mile has to be reconfigured with more inventory stored closer to shoppers. Two-day delivery to most of the U.S. population can be achieved with only four shipping hubs while next-day delivery to the same group requires about 16 hubs, according to logistics experts.Amazon’s push for next-day delivery is costing more than the company expected, tempering the expectations of investors who had become accustomed to Amazon delivering bigger profits. The cheap storage experiment is a way for Amazon to make the most of its existing facilities while it continues to invest in next-day delivery, said Michael Levine, analyst at Pivotal Research Group.“Amazon has not done a big fulfillment center buildout in 18 months,” he says. “This feels like another way to solve the same capacity problem.”The ultimate goal is a future where buying something online is as fast and affordable as a quick jaunt to the store—even during the holiday season rush.To contact the author of this story: Spencer Soper in Seattle at email@example.comTo contact the editor responsible for this story: Robin Ajello at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With Amazon, FedEx and UPS handling millions of packages a day, expedited delivery is overwhelming mailrooms - and city streets.
FedEx Corp. has been hammering out a bottom the past six months. In this daily bar chart of FDX, below, we can see that FDX has been in a downtrend since last November. The daily On-Balance-Volume (OBV) line shows improvement from early October which means that buyers of FDX have finally become more aggressive.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Aero Miami FX, LLC, FL and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.