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☆ These cheap stocks with upside could be the next bull market winners
▼ + stars: | 2024-01-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is on the verge of confirming a new bull market has begun, and these stocks could be the next big winners. Here's the criteria: Average analysts' forecasts imply at least 15% upside moving forward. Average analysts' forecasts imply more than 15% upside moving forward. Analysts think the stock can climb even higher, with their average forecasts implying nearly 22% upside moving forward. Analysts forecast a further 21% upside moving forward.

Persons: Stocks, Jane Fraser's, Conor Cunningham, Wells Organizations: Nasdaq, CNBC, Financial, Citigroup, Citi, Shipping, FedEx, Analysts, Melius Research, JBL, L3Harris Technologies

☆ Camilo Villegas: After unimaginable personal tragedy, Colombian golfer is a champion again
▼ + stars: | 2023-11-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

On July 26, 2020, Villegas and wife Maria’s 22-month-old daughter Mia died following a four-month battle with tumors on the brain and spine. “She was a very little kid, full of energy, and everything seemed to be going in the perfect direction,” Villegas told CNN Sport’s Patrick Snell. Rob Carr/Getty ImagesFront row seatSlowly, but surely, momentum began to change for Villegas, “a little snowball” gathering speed and size. Mia’s Miracles was flourishing under Maria’s presidency, Villegas was back competing at PGA Tour events and then, in December 2021, the greatest boost yet. No surprises as to which foundation Villegas directed the donation towards.

Persons: Camilo Villegas, “ Mia, Villegas, Maria’s, Mia, ” Villegas, CNN Sport’s Patrick Snell, “, ”, putts, ‘, ’ ”, Phil Mickelson, Andy Lyons, Miami’s, Jack Nicklaus, Barbara, Maria, that’s, “ It’s, ” Maria, Rob Carr, Mateo, –, – Villegas, Sweden’s Alex Noren, Ross Kinnaird, Mia –, she’s, we’ve, RSM Birdies, Love, “ We’ve, We’ll Organizations: CNN, PGA, Bermuda, Nationwide Children’s, FedEx St Jude, Miami’s Nicklaus Children’s, Health Care Foundation, Getty, Port Royal, RSM Locations: Ohio, Charlotte , North Carolina, Bermuda

☆ Goldman's top trades for earnings season: Firm says buy call options on these stocks into results
▼ + stars: | 2023-10-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The firm recommends buying call options into the individual companies' reports in what it calls its top "tactical" trades for earnings. "Option implied earnings day moves are elevated suggesting investors are nervous regarding upcoming earnings reports," Goldman analyst John Marshall wrote Thursday. Investors are contending with several headwinds that are making them uneasy into earnings results. Cenovus stock has ticked up more than 6% from the start of the year. The firm says call options for the December term with a $470 strike are the play ahead of Nvidia's results.

Persons: Goldman Sachs, Goldman, John Marshall Organizations: Goldman, Cenovus Energy, Energy, FedEx, Nvidia Locations: Israel, Cenovus

☆ An suspended for three months by PGA Tour for doping violation
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports/File Photo Acquire Licensing RightsOct 11 (Reuters) - South Korean golfer An Byeong-hun has been suspended by the PGA Tour for three months for a doping violation, the U.S.-based circuit said on Wednesday. "He has cooperated fully with the Tour throughout the process and accepted his suspension," the PGA Tour said, adding that it had no further comment on the matter at this time. The 32-year-old An, whose suspension is retroactive to Aug. 31, will be eligible to return to competition on Dec. 1. An recorded four top-10 finishes in 31 events during the 2022-23 PGA Tour season. His last PGA Tour start was at August's BMW Championship where he finished 43rd in the penultimate playoff event.

Persons: Byeong, Christopher Hanewinckel, Frank Pingue, Toby Davis, Ed Osmond Organizations: FedEx St, Jude Championship, PGA, Doping Agency, August's BMW, Thomson Locations: Memphis , Tennessee, USA, U.S, Korea, Toronto

Uber is adding a new task to its list of services: mailing consumers' return packages. Uber will charge a flat fee of $5 for the service or $3 for its Uber One members. While the service is expected to be used primarily to return packages, Uber drivers will also mail new packages that are sealed and have prepaid labels. Much of that volume involves delivery to businesses that do not return packages often, Jindel said, and he believes many people will continue to return packages themselves, rather than pay Uber $5 to do it. Yet Jindel estimates demand for Uber's return package service could be around 574,000 parcels on business days.

Persons: Uber, Satish Jindel, Jindel Organizations: UPS, FedEx, Drivers, U.S . Postal Service, ShipMatrix Locations: San Francisco, U.S

☆ Lucas Glover: How a former Navy SEAL helped golfer overcome 10 years of yips and become the sport’s most in-form player
▼ + stars: | 2023-08-18 | by ( Jack Bantock | Don Riddell | ) edition.cnn.com time to read: +6 min

In 2009, Glover was crowned US Open champion and became the world’s 15th best-ranked golfer. It was time to call in help, and that support arrived in the shape of former Navy SEAL Jason Kuhn. Keyur Khamar/PGA TOUR/Getty ImagesHaving first met with Kuhn in May, Glover began to work with the ex-Navy SEAL shortly after. Glover has a perfect record at the Presidents Cup, triumphing in 2007 and 2009, with Johnson his teammate at both tournaments. The Presidents Cup is a biennial competition between Americans and an international team open to players outside the United States and Europe.

Persons: Lucas Glover, Scotsman Tommy Armour, Ernie Els, Danielle Kang, Bernhard Langer, Glover, ” Glover, CNN Sport’s Don Riddell, “, Mike Segar, Jason Kuhn, Kuhn, Tyler Matzek, Keyur Khamar, –, It’s, he’s, that’d, ”, …, ” Ryder, – Zach Johnson, Ryder, Johnson, I’ve, – I’ve, Robert Galbraith, Reuters Scottie Scheffler, Wyndham Clark, Patrick Cantlay, Brian Harman, Brooks Koepka, Max Homa – Organizations: CNN, Scotsman, Bethpage, Reuters, NCAA Division, Major League Baseball, NCAA, MLB, Navy, Atlanta Braves, ex, Wyndham Championship, FedEx St, Jude, BMW, US Ryder, Rome, US Team, Harding, Golf Club, PGA of America, Team USA, triumphing Locations: Georgia, New York, Illinois, San Francisco , California, Italy, Frisco , Texas, United States, Europe

☆ Collin Morikawa pledges to donate $1,000 per birdie to Maui wildfire recovery
▼ + stars: | 2023-08-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Collin Morikawa will donate $1,000 for every birdie he makes on the PGA Tour this month to support those affected by the devastating wildfires in Maui, Hawaii, the American golfer announced Thursday. The two-time major champion will set aside the sum for each birdie holed across three FedEx Cup Playoff events, starting with the FedEx St. Jude Championship, which teed off in Memphis, Tennessee, on Thursday. Though Morikawa was born and raised in California, his family emigrated to Maui from Japan, with his grandparents owning a restaurant in Lahaina. 22 has already added $6,000 to the pot, having holed six birdies during an impressive opening round at the FedEx St. Jude Championship on Thursday. Ahead of the start of Friday’s round, Morikawa is two shots behind Spieth at five-under.

Persons: CNN — Collin Morikawa, Josh Green, Richard Bissen, Morikawa, ”, “, ” Morikawa, texted, ’, Andy Lyons, Jordan Spieth, Tom Kim, Spieth Organizations: CNN, PGA, FedEx, FedEx St, Jude, It’s, Getty, TPC, BMW Championship, East Lake Golf Club Locations: Maui, Hawaii, Memphis , Tennessee, Lahaina, California, Japan, Instagram, Maui United, “, Illinois, Chicago, Atlanta , Georgia

☆ Jon Rahm’s ‘crazy’ request for the PGA Tour – a porta potty at every hole
▼ + stars: | 2023-08-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Given the power to change anything on the PGA Tour, Jon Rahm says he would prioritize one addition above all others. “I know this is going to sound very stupid, but as simple as having a freaking porta potty on every hole. CNN has contacted the PGA Tour for comment on Rahm’s request. Thrilled with the nutritionists on hand at The Players Championship, Rahm wants to see them employed across more PGA Tour events, as well as expansions of on-site workout facilities. “I’ve had a good career so far, and only once I’ve been able to get multiple PGA Tour wins,” Rahm said.

Persons: Jon Rahm, It’s, “, I’ve, ”, Rahm, Sergio Garcia, Darren Clarke, Andrew Redington, Brooks Koepka, Koepka’s, “ I’ve, –, ” Rahm, Jon Super Organizations: CNN, PGA, K, Augusta, FedEx St, Jude Championship, TPC, FedEx Locations: Straffan, Kildare, Ireland, Memphis , Tennessee

☆ FedEx pilots reject 30% pay hike proposal, but a strike isn’t imminent
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The FedEx pilots who belong to the Air Line Pilots Association voted 57% against the proposed contract, which was reached in May and endorsed by union leadership. But even with the “no” vote, the 5,200 FedEx pilots won’t be able to go on strike any time soon. FedEx pilots are covered by the Railway Labor Act, which despite the name, covers both rail workers and airline employees. The FedEx pilots, who unlike most FedEx employees count as airline employees when it comes to which labor law they work under, have not cleared any of those hurdles so far. There have been numerous examples in recent years of union rank-and-file voting no on deals that were recommended by union leadership.

Persons: won’t, ”, “, John Deere Organizations: New, New York CNN — Pilots, FedEx, Air Line Pilots, Teamsters, UPS, Railway Labor Act, United Airlines, American Airlines, United, United Auto Workers Locations: New York, United States

☆ What is open on Juneteenth 2023?
▼ + stars: | 2023-06-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Almost 40% of US employers now provide Juneteenth as a paid holiday, a significant increase from just 9% two years ago, according to data from HR consulting firm Mercer. It became a federal holiday in 2021, after President Joe Biden signed the Juneteenth National Independence Day Act. Here is what’s open and closed on Juneteenth 2023. TD Bank, which remained open last Juneteenth, will also be closed on Monday. RetailersMost major retailers and grocery stores will be open on Juneteenth.

Persons: Mercer, Juneteenth, Joe Biden, Gordon Granger, —, Abraham Lincoln, Brandon Bell, Wells, Patrick T, Fallon Organizations: New, New York CNN, Union Army, Communities, United States Post, FedEx, UPS, Federal Reserve, Bank of America, Chase, TD Bank, Getty, Nasdaq, New York Stock Exchange, Juneteenth ., Pew, Walmart, Target Locations: New York, Galveston , Texas, United States, Houston , Texas, Rolling Hills Estates , California, AFP

☆ Buy FedEx as it narrows gap against rival UPS thanks to ground delivery, Atlantic Equities says
▼ + stars: | 2023-06-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

It's time to buy shares of shipping giant FedEx as the company narrows its valuation gap against rival UPS, according to Atlantic Equities. FedEx shares trade at a trailing price-to-earnings ratio of around 19, while UPS trades at 13, per FactSet. "In line with management, we assume a constant operating ratio from FY23E onwards, enabling us to illustrate consensus' permanent cost out assumptions," Holmes said. FedEx stock has climbed steadily this year with a roughly 28% gain. FDX YTD mountain FedEx stock has climbed 28% from the start of the year.

Persons: Oliver Holmes, Holmes, — CNBC's Michael Bloom Organizations: FedEx, UPS, COVID

Walmart — Shares of the big box retailer rose slightly after the company reported an earnings and revenue beat for the fiscal first quarter. However, its adjusted earnings guidance for the fiscal second quarter came in lower than expectations. Bath & Body Works — The retailer's shares jumped more than 9% after its fiscal first quarter earnings topped expectations. Take-Two Interactive — Shares surged almost 13% and hit a new 52-week high following the company's earnings announcement Wednesday. To be sure, the company's guidance for bookings in the first-quarter and full-year fell below Wall Street's expectations.

☆ Buy this shipping giant ahead of earnings next month, Deutsche Bank says
▼ + stars: | 2023-05-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Deutsche Bank thinks FedEx 's quarterly report next month can lead to a big move higher for the stock. FDX YTD mountain FedEx stock in 2023. FedEx is slated to report fiscal fourth-quarter results on June 20. Mehrotra noted that, while he expects quarterly earnings slightly below consensus, the fiscal 2024 guidance will be positive. "Things will get interesting ... when assessing full year 2024 guidance," he said.

☆ FedEx warns it won't bail out UPS customers at the last minute if drivers strike
▼ + stars: | 2023-03-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

The Teamsters Union has threatened a UPS strike when its contract expires in July. UPS CEO Carol Tomé has repeatedly said that a "win-win-win" is "very achievable" for the Teamsters, UPS employees at large, and the company, despite the union's spicy rhetoric. But even the threat of a UPS strike this summer, which would be the first since 1997, is already driving some UPS customers to look for alternative shipping options. Carere also suggested that FedEx is not interested in serving as a temporary solution for UPS customers. FedEx customers were alerted to the March 31 in a letter distributed earlier this month.

☆ FedEx is laying off more than 10% of managers in a cost-cutting crusade. Read the full memo from the CEO.
▼ + stars: | 2023-02-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +2 min

FedEx told staff it is in the process of laying off 10% of its officer and director team. The company has been on a cost-cutting crusade since the end of last year to rescue profits. Read CEO Raj Subramaniam's letter to staff below. The CEO said today's cuts, along with some consolidation of teams within the company, are intended to ensure the company remains competitive and agile. Read the full memo from CEO Raj Subramaniam to FedEx staff here:

☆ 2 looming problems are threatening to hammer FedEx — and that's not even counting the recession
▼ + stars: | 2022-12-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

FedEx CEO Raj Subramanian said the company is facing less demand due to an "e-commerce reset." "I think the main macro issue in the United States is really the e-commerce reset," FedEx CEO Raj Subramanian said on the call. Market share worriesThe question e-commerce-related businesses have been asking all year is how much of the pandemic growth will stick. Companies from Shopify to Paypal have taken the conservative view: that e-commerce growth will revert to where it was headed in 2019. He told Insider that UPS is growing faster with small and medium businesses, and is more profitable than FedEx.

Dec 20 (Reuters) - FedEx Corp (FDX.N) will slash an additional $1 billion in costs as recession threatens and the COVID-19 pandemic demand bubble deflates, the delivery company said on Tuesday. Shares rose 3.7% to $170.48 in extended trading after Memphis, Tennessee-based FedEx also reported a bigger fiscal second-quarter profit than Wall street expected. The global delivery company angered investors and analysts in September when it yanked its forecast, triggering the biggest one-day stock drop in company history. FedEx warned in November that U.S. volume in the year-end quarter was below company projections as the pandemic-driven e-commerce bubble deflated. On Tuesday, FedEx said second-quarter adjusted profit fell to $815 million, or $3.18 per share, from $1.3 billion, or $4.83 per share, a year earlier.

☆ ‘Porch pirates’ stole an estimated 260 million packages in the last year. How to prevent theft on your doorstep
▼ + stars: | 2022-12-18 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

Andresr | E+ | Getty ImagesYou may not be the only person eager for packages to arrive at your house. Over the last year, an estimated 260 million delivered packages were stolen, according to a report from SafeWise, an online guide to security and safety products. The total annual lost to this type of theft is an estimated $19.5 billion, according to SafeWise. "The other aspect of this crime that makes it unique and likely to continue increasing is that there's very low risk and very low skill involved," Stickle said. If possible, you should sign up to receive an email or text message when your package is supposed to arrive and when it's actually delivered, Murray said.

A white father and son have been indicted by a grand jury on multiple charges, including attempted murder, 10 months after a Black FedEx driver alleged he was chased and shot at after dropping off a package in a Mississippi city. The population of Brookhaven is about 59% Black and 39% white, according to the most recent census data. Gregory Case was originally arrested in February on investigation of conspiracy and Brandon Case on suspicion of aggravated assault. As he was leaving, he said, a man in a white pickup truck began following him closely while honking his horn. The white men — including a father and son — were convicted of murder and sentenced to life in prison.

☆ Padraig Harrington: Golfer gives fans $100 to buy beers for moving out of shadows
▼ + stars: | 2022-11-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Surging towards an emphatic victory at the Charles Schwab Cup Championship – the PGA Tour Champions season finale – drinks were already set to flow for the Irishman, but Harrington seemed determined to start the party early. Approaching one fan at the sideline, Harrington handed over a wad of cash – to be spent specifically on beers. In May, Justin Thomas admitted to being blown away by the eye-watering $18 price of beer at the PGA Championship in Tulsa, and it seems similar calculations were on Harrington’s mind in Arizona. In carding 27-under, the Irishman matched the PGA Tour Champions record score in relation to par, equaling Jack Nicklaus’ effort at the Kaulig Companies Championship in 1990. Harrington poses with the Charles Schwab Cup Championship trophy.

Oct 24 (Reuters) - United Parcel Service (UPS.N) investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival FedEx (FDX.N). Shares in UPS are down roughly 20% so far this year, versus the 40% decline in FedEx stock. At the same time, the UPS sales team has been working to drum up new business. Lego, the $7.3 billion Danish maker of colorful plastic bricks used to build everything from UPS delivery trucks to Hogwarts Castle of Harry Potter fame, switched from FedEx to UPS, according to the sources, who asked not to be identified. Global air and ocean import cargo volumes, a gauge of demand for logistics companies like UPS and FedEx, are slumping.

☆ Analysis: FedEx investors frustrated with new CEO after withdrawn forecast
▼ + stars: | 2022-09-22 | by ( Lisa Baertlein | ) www.reuters.com time to read: +5 min

A FedEx Ground truck drives near a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. Investors, already frustrated by last year's overly optimistic estimate for the holiday shopping season, were disappointed with its profit warning on Sept. 15. Reuters spoke with Bradshaw and five other investors who bought FedEx stock when it looked cheap versus its more profitable and better performing rival United Parcel Service (UPS.N), believing a FedEx business revamp promised healthy returns. FedEx warned business conditions would worsen in the current quarter, which ends as the key Christmas package delivery season begins. Late last month, FedEx told Reuters it was confident in its "stress tested" holiday forecast for this year.

☆ FedEx hikes package rates, details cost cutting as demand weakens globally
▼ + stars: | 2022-09-22 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

Its FedEx Freight rates will increase by an average of 6.9%-7.9%, the company said. It also said it believes it will save between $1.5 billion and $1.7 billion by parking planes and reducing flights. The closure of certain locations, the suspension of some Sunday operations, and other expense actions will save FedEx Ground between $350 million and $500 million, according to the company. FedEx said it will save an additional $350 million to $500 million by reducing vendor use, deferring projects and closing office locations. Despite its bleak warning last week, FedEx stood by its 2025 projections set out in June.

But some analysts note the relative stability of rivals UPS and DHL, and said FedEx's own failure to adapt also contributed to its performance. related investing news Does FedEx's bleak outlook flash a warning signal for investors? Kanarek was among the analysts who noted the mix of factors − internal and external − that likely played a role in FedEx's disappointing results. Confronting realitySome experts see FedEx's performance as an overdue confrontation with market realities coming out of the pandemic, which the company previously failed to acknowledge. If demand continues to slow and manufacturers require less production, Hoexter said FedEx could start to see freight volumes soften too.

☆ Rep. Marie Newman and her husband are packing their stock portfolio with COVID-19 vaccine makers and other pandemic-sensitive companies
▼ + stars: | 2021-04-21 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +11 min

Democratic Rep. Marie Newman's husband has an active stock portfolio. Jim Newman, chief operating officer at Figo Pet Insurance, bought and sold stock in companies that either soared or sputtered during the pandemic, including Pfizer and Moderna, the companies behind the nation's two leading COVID-19 vaccines. Financial disclosures show Jim Newman sold up to $65,000 in Moderna stock on January 2. By February, he turned his interest to Pfizer, twice trading as much as $15,000 worth in the company's stock shares that month. For instance, Newman sold as much as $250,000 in Netflix stock in January, as much as $50,000 in Apple stock in February, and as much as $50,000 in Salesforce stock in January.

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