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FDX

FedEx

$192.29

0.62 (0.32%)

15:55
12/01/16
12/01
15:55
12/01/16
15:55

Fedex put volume heavy and directionally bearish

Bearish flow noted in Fedex with 7,436 puts trading, or 1.3x expected. Most active are Jan-17 190 puts and 12/9 weekly 182.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on December 20th.

FDX FedEx
$192.29

0.62 (0.32%)

11/17/16
BMOC
11/17/16
INITIATION
BMOC
Market Perform
FedEx initiated with a Market Perform at BMO Capital
BMO Capital initiated UPS with a Market Perform and a $190 price target.
11/18/16
BMOC
11/18/16
INITIATION
BMOC
Market Perform
FedEx initiated with a Market Perform at BMO Capital
As noted earlier, BMO Capital initiated coverage of FedEx with a Market Perform rating. FadiChamoun expects the margins of the company's Express business to rise, and predicts that the market share of its ground business should increase. However, the analyst expects the company's capital spending to remain high and predicts that the integration of TNT could prove to be challenging. Target $190.
11/18/16
11/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/16
11/28/16
NO CHANGE

Tax reform likely provides big earning boost to transports, says UBS
UBS analyst Thomas Wadewitz said the possible impact to cash flow and earnings from potential U.S. tax reform would be big for U.S. rails, TL names, and JB Hunt (JBHT). Free cash flow would also improve for UPS (UPS) and FedEx (FDX). The analyst believes the anticipation of potential tax reform is likely to support strong valuation for the group. Wadewitz said his favorite names in the space include Norfolk Southern (NSC), Swift Transport (SWFT), FedEx, and Canadian Pacific (CP).

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INPX

Inpixon

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Orbital ATK

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CST

CST Brands

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MCD

McDonald's

$154.30

0.58 (0.38%)

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GE

General Electric

$27.08

-0.13 (-0.48%)

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  • 02

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$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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TRN

Trinity Industries

$28.35

1.05 (3.85%)

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IYT

iShares Transportation Average

$171.36

2.41 (1.43%)

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08:20
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General news
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PRO

PROS

$26.59

0.65 (2.51%)

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  • 29

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XLK

Technology Select Sector SPDR

$55.77

0.69 (1.25%)

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XLE

Energy Select Sector SPDR

$64.49

0.35 (0.55%)

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XLY

Consumer Discretionary Sector SPDR

$90.03

0.9 (1.01%)

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XLB

S&P Select Materials SPDR

$54.17

0.49 (0.91%)

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XLU

Utilities SPDR

$52.46

-0.51 (-0.96%)

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XLP

Consumer Staples Sector SPDR

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STX

Seagate

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XLV

Health Care Select Sector SPDR

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IWM

iShares Trust Russell 2000 Index Fund

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VAR

Varian Medical

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DIA

Diamonds Fund ETF

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