DIRS.INFO The most relevant business & tech news

☆ XPO Logistics incoming CEO on earnings early read, company transition and outlook
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXPO Logistics incoming CEO on earnings early read, company transition and outlookCNBC's Frank Holland joins 'Squawk Box' with XPO Logistics incoming CEO Mario Harik to discuss the company's third-quarter expectations.

☆ Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, fuboTV and more
▼ + stars: | 2022-10-18 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Here are the companies making headlines before the bell:Johnson & Johnson (JNJ) – Johnson & Johnson shares rose 1.4% in the premarket after beating top and bottom line estimates for the third quarter, helped by growth in pharmaceutical sales. Hasbro had cut its sales forecast earlier this month, noting increased consumer sensitivity to higher prices. Goldman Sachs (GS) – Goldman earned $8.25 per share for the third quarter, beating the $7.69 consensus estimate, while revenue topped Wall Street forecasts as well. XPO Logistics (XPO) - XPO issued a preliminary third-quarter sales forecast that was slightly below analyst estimates and would be its smallest quarterly sales since 2015. However, the transportation company also raised its profit forecast, and the stock rose 1.5% in premarket trading.

☆ Stocks making the biggest moves midday: Hasbro, Salesforce, Carnival, Lockheed Martin & more
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Hasbro — Shares of the toy company dipped 2.3% after the company reported third-quarter earnings that missed expectations. Salesforce — Salesforce shares gained 5.2% after Starboard Value revealed to CNBC that it has taken a "significant" stake in the software giant. Carnival Corporation — Shares of the cruise company jumped more than 12% after one of Carnival's subsidiaries began an offering of $1.25 billion of senior priority notes due 2028. Goldman Sachs — Goldman Sachs rallied 3% after beating third-quarter analyst expectations for profit and revenue on better-than-expected trading results. Lockheed Martin — Shares of the aerospace company jumped 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was higher than a Refinitiv estimate of $6.66 per share.

☆ Cybersecurity Tops the CIO Agenda as Threats Continue to Escalate
▼ + stars: | 2022-10-17 | by ( Steven Rosenbush | ) www.wsj.com time to read: +6 min

Cyber and information security has been at the top of their agenda since 2020. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner forecasts that worldwide information security and risk-management spending by end-users will reach $188.336 billion in 2023, up 11.3% from the current year. It’s what boards are talking about,” said Truist Financial Corp. Chief Information Security Officer Howard Whyte. He and Truist CIO Scott Case work closely to understand the Charlotte, N.C.-based bank’s changing attack surface and cybersecurity risk.

☆ Trucking company XPO releases some quarterly results ahead of brokerage spinoff
▼ + stars: | 2022-10-17 | by ( Frank Holland | In | ) www.cnbc.com time to read: +2 min

The XPO Logistics Inc. logo on a truck departing the company's distribution hub in Barcelona, Spain, on Thursday, May 12, 2022. Trucking company XPO Logistics on Monday said it expects to post third quarter revenue that would come in below analysts' expectations. For the truck brokerage segment that will become RXO, the company expects revenue to decrease 2% year over year and volume to increase 9%. Truck brokerage connects truckers with customers in the on-demand "spot market." The RXO spinoff follows a previous spinoff of XPO's contract logistics business into GXO , which began trading last year.

☆ Here are Monday's biggest analyst calls of the day: Apple, Amazon, Netflix, Kroger, SunPower & more
▼ + stars: | 2022-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Apple as overweight Morgan Stanley named the tech giant as its top pick in a downturn. Cowen reiterates Amazon as outperform Cowen said shares remain attractive heading into earnings later this month. Morgan Stanley resumes Prologis as overweight Morgan Stanley resumed coverage of the supply chain logistics company and named it a top pick. Morgan Stanley upgrades Clorox to equal weight from underweight Morgan Stanley said in its upgrade of Clorox that it sees some earnings upside ahead of the company's earnings later this quarter. Oppenheimer reiterates Chipotle as outperform Oppenheimer says Chipotle is a "rarity" as the firm sees earnings upside among a deteriorating macro.

☆ What Cramer is watching Monday — BofA nice beat and my informal poll says people hate the market
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What Cramer is watching Thursday — hot inflation slams stocks, sends bond yields soaring
▼ + stars: | 2022-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Goldman Sachs starts Club holding Linde (LIN) with a buy rating and a $338 per share price target. This is an industrial secular grower and there are only a handful including Honeywell (HON), which is also a Club stock. But keeps outperform (buy) rating and $195 per share price target. Credit Suisse cuts Club holding Apple (AAPL) price target to $190 per share from $201. Citi downgrades American Express (AXP) to sell from neutral, cuts price target to $130 per share from $159.

A once-bustling logistics mergers-and-acquisitions market is quieting down as slipping freight demand and higher borrowing costs dampen deal making in the sector. Company valuations are moderating in a softening freight market and rising borrowing costs are making deals tougher to complete. The market for freight and logistics companies surged during the pandemic as retailers sought to rush goods to consumers, fueling strong growth in shipping demand, higher freight rates and record profits for companies ranging from regional truck operators to international freight forwarders. Foreign-based ocean carriers and freight forwarders have also shown great interest in the U.S. logistics market as they seek to expand their end-to-end supply-chain services. But logistics companies looking to expand their reach and private-equity firms looking to expand existing logistics portfolios are still hunting deals.

☆ XPO Logistics Names CFO Ahead of Planned Spinoff of Freight Brokerage Business
▼ + stars: | 2022-10-10 | by ( Kristin Broughton | Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

XPO Logistics Inc. named a new finance chief ahead of the planned spinoff of its freight brokerage business later this year, part of an ongoing effort to split the sprawling transportation company into smaller pieces. Carl Anderson will take over as chief financial officer on Nov. 8, Greenwich, Conn.-based XPO Logistics said Monday. XPO Logistics in 2021 spun off its supply-chain business GXO Logistics Inc., which provides services such as warehousing and e-commerce. XPO Logistics reported a total profit of $141 million during the quarter, down 10% from a year earlier. During his tenure as finance chief, Mr. Tulsyan played a key role in the spinoff of the GXO supply-chain business.

☆ XPO Logistics Appoints CFO, Assembles Board
▼ + stars: | 2022-10-10 | by ( Kathryn Hardison | ) www.wsj.com time to read: +1 min

XPO Logistics Inc. has assembled its board of directors and appointed a chief financial officer as it proceeds with plans to spin off its tech-enabled brokered transportation platform. Brad Jacobs will serve as executive chairman, and Johnny C. Taylor Jr., Allison Landry, Jason Aiken and Michael Jesselson will remain as directors, the company said. Three additional directors were named to the board: Bella Allaire, the executive vice president of technology and operations with Raymond James Financial; Mario Harik, future chief executive officer of XPO following the spinoff; and Irene Moshouris, the senior vice president and treasurer of United Rentals. XPO Logistics appointed Carl Anderson as its chief financial officer. Mr. Anderson most recently served as CFO of Meritor Inc., a global supplier of OEM and aftermarket parts for commercial vehicle and industrial markets, XPO Logistics said.

☆ Cramer's lightning round: ZIM Integrated Shipping Services is not a buy
▼ + stars: | 2022-10-07 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Sirius XM Holdings Inc : "I am neutral to this stock after being a big supporter for a very long time." Desktop Metal Inc : "The company's losing money, and I'm not recommending any companies that lose money." Loading chart...ZIM Integrated Shipping Services Ltd : "Unsustainable yield. Unsustainable numbers. Loading chart...Bandwidth Inc : "I will not recommend companies that are losing money."

And other up-and-coming ‘machine-health tech’ firms are offering similar wares. ‘Predictive-Maintenance’ Tech Is Taking Off as Manufacturers Seek More EfficiencyWalgreens Boots Alliance Inc. said Thursday it would appoint Hsiao Wang as its new chief information officer, as tech leader Francesco Tinto departs. Warehouse robots offer a stopgap to the labor crunch despite technology limitations, chief information officers say. American Airlines Names New Tech Chief Ganesh Jayaram, currently CIO of Deere & Co., is joining the airline as its chief digital and information officer. XPO Logistics CIO Readies for Shift to Chief Executive Role Tech-savvy CEOs look at every opportunity as having tech as part of the answer, says Mario Harik.

☆ Dow drops 300 points as traders fret over FedEx warning
▼ + stars: | 2022-09-16 | by ( Jesse Pound | ) www.nbcnews.com time to read: +1 min

Stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an ugly earnings warning from FedEx about the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. That data sparked a decline of more than 1,200 points for the Dow. “There is a lot of nervousness about how the global economy can affect the U.S. economy now, while the U.S. economy is dealing with its own set of very serious issues. The Dow Jones Industrial Average has declined 4.7% this week, while the S&P 500 is 3.8% lower.

☆ Stocks making the biggest moves midday: FedEx, Adobe, Boeing and more
▼ + stars: | 2022-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Snowflake - Shares of the cloud computing company dropped more than 6% as growth stocks led Friday's sell-off. The decline came even as Needham initiated coverage of Snowflake with a buy rating, as the Wall Street firm sees potential new uses for its platform. Adobe – Adobe's stock built on Thursday's declines, sinking just over 3% after a slew of downgrades from Wall Street analysts. Bank of America downgraded the technology stock to neutral as it awaits further clarity on Adobe's Figma acquisition.

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

Search resuls for: "XPO"

16 mentions found