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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).

TODAY'S FREE FLY STORIES

BPMC

Blueprint Medicines

$27.01

-0.99 (-3.54%)

04:55
12/05/16
12/05
04:55
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04:55
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Blueprint Medicines to hold a conference call »

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    Dec

CBS

CBS

$60.18

-0.39 (-0.64%)

04:55
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12/05
04:55
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CBS management to meet with JPMorgan »

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PLNT

Planet Fitness

$20.02

0.03 (0.15%)

04:55
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04:55
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Conference/Events
Planet Fitness management to meet with JPMorgan »

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RMBS

Rambus

$12.76

0.09 (0.71%)

04:55
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04:55
Conference/Events
Rambus participates in a conference call with JPMorgan »

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  • 05

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04:55
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04:55
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Conference/Events
UBS economists and strategists hold an analyst/industry conference call »

U.S. Equity &…

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General news
ISM Non-Mfg Index Composite to be reported at 10:00 »

November ISM Non-Mfg…

JCI

Johnson Controls

$45.32

-0.41 (-0.90%)

04:55
12/05/16
12/05
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04:55
Conference/Events
Johnson Controls to hold a meeting »

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  • 05

    Dec

04:55
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General news
Breaking General news story  »

New York Federal Reserve…

CNDT

Conduent

04:55
12/05/16
12/05
04:55
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04:55
Conference/Events
Conduent to host investor meeting »

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  • 05

    Dec

VCRA

Vocera

$17.96

0.07 (0.39%)

04:55
12/05/16
12/05
04:55
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04:55
Conference/Events
Vocera management to meet with Jefferies »

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  • 05

    Dec

  • 06

    Dec

04:55
12/05/16
12/05
04:55
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04:55
Conference/Events
Barclays commodities/energy analysts hold an analyst/industry conference call »

Commodities Analysts…

04:55
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General news
Breaking General news story  »

Chicago Federal Reserve…

JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

04:55
12/05/16
12/05
04:55
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04:55
Conference/Events
Juno Therapeutics to host analyst and investor meeting »

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  • 05

    Dec

TKPPY

Technip

$17.80

0.45 (2.59%)

, FTI

FMC Technologies

$35.60

0.9 (2.59%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
FMC Technologies to host special shareholder meeting »

Special Shareholder…

TKPPY

Technip

$17.80

0.45 (2.59%)

FTI

FMC Technologies

$35.60

0.9 (2.59%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
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  • 05

    Dec

  • 05

    Dec

TGTX

TG Therapeutics

$5.50

0.05 (0.92%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
TG Therapeutics to hold an investor and analyst reception »

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  • 05

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04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
JPMorgan Euro & global equity strategist holds analyst/industry conference call »

European & Global…

CSV

Carriage Services

$27.50

0.21 (0.77%)

04:55
12/05/16
12/05
04:55
12/05/16
04:55
Conference/Events
Carriage Services management to meet with Barrington »

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  • 05

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    Dec

04:55
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General news
Breaking General news story  »

Chicago Federal Reserve…

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Breaking General news story  »

4-Week Bill Announcement…

GNMSF

Genmab

04:55
12/05/16
12/05
04:55
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04:55
Conference/Events
Genmab to hold data review meeting »

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  • 05

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RHHBY

Roche

$27.20

-0.1 (-0.37%)

04:55
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12/05
04:55
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04:55
Conference/Events
Roche to hold an analyst meeting »

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  • 05

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General news
Breaking General news story  »

6-Month Bill Auction to…

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BSFT

BroadSoft

$40.30

-0.35 (-0.86%)

04:55
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Conference/Events
BroadSoft to host investor day »

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  • 05

    Dec

CLF

Cliffs Natural

$9.56

0.32 (3.46%)

04:55
12/05/16
12/05
04:55
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Conference/Events
Cliffs Natural management to meet with JPMorgan »

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