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UPS

UPS

$112.74

-2.815 (-2.44%)

09:04
10/09/19
10/09
09:04
10/09/19
09:04

UPS to add over 6,000 vehicles to natural gas fleet

UPS announced plans to purchase more than 6,000 natural gas-powered trucks beginning in 2020 and running through 2022. This three-year commitment represents a $450M investment in expanding the company's alternative fuel and advanced technology vehicle fleet as well as supporting infrastructure. The new vehicles will be equipped with compressed natural gas fuel systems provided under an exclusive agreement with Agility Fuel Solutions, a business of Hexagon Composites. The investment in CNG fuel systems expands UPS's relationship with Agility Fuel Solutions and supports UPS's fleet sustainability efforts. It will help reduce UPS's carbon footprint and is expected to have a positive influence on national CNG market growth. The CNG fleet expansion also provides additional capacity for expanding the use of renewable natural gas. Since 2016, Agility Fuel Solutions has provided natural gas fuel storage and delivery systems to more than 1,700 UPS trucks. As part of the new agreement, Agility will provide complete end-to-end natural gas systems for heavy-duty gas trucks, terminal tractors and medium-duty walk-in vans, which are UPS's familiar brown delivery trucks. These will include on-board CNG fuel storage and management and Agility's certified natural gas engine fuel systems.

  • 29

    Oct

UPS UPS
$112.74

-2.815 (-2.44%)

08/08/19
MSCO
08/08/19
NO CHANGE
MSCO
Equal Weight
Financial impact of Amazon break-up limited for FedEx, says Morgan Stanley
After various media sources indicated yesterday that FedEx (FDX) and Amazon (AMZN) each confirmed that they will not renew their ground-delivery contract, Morgan Stanley analyst Ravi Shanker said he thinks the financial impact to FedEx should be limited, but "the symbolic impact for Parcels is significant." One of the two largest e-commerce parcel delivery companies in the U.S. is no longer doing any business with the dominant e-commerce player, which "would have been unthinkable 5-7 years ago," wrote Shanker, who questions if UPS (UPS) cannot afford to similarly break up with Amazon given their outsized exposure to them as a customer. He also questions when Amazon's contract with UPS is up for renewal and what they will do when that happens given Amazon's recent history of suddenly pulling or not renewing deals, such as with FedEx and XPO Logistics (XPO). Shanker has an Equal Weight rating on FedEx and an Underweight rating on UPS.
08/26/19
DAIW
08/26/19
UPGRADE
Target $130
DAIW
Outperform
UPS upgraded to Outperform from Neutral at Daiwa
Daiwa analyst Jairam Nathan upgraded UPS to Outperform from Neutral and increased its price target to $130 from $116 citing structural strength. Nathan said UPS's integrated network is better positioned to take advantage of the trend towards shorter delivery times and expects 2020 margin improvements from Smart Logistics and Transformation Plans as they take hold. The analyst trimmed his 2020 earnings estimate to $8.10 from $8.30 to reflect higher pension expense, but expanded his multiple to account for structural improvements.
09/18/19
MSCO
09/18/19
NO CHANGE
Target $120
MSCO
Equal Weight
Hard to see rebound for FedEx despite earnings at trough, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker previously believed it was too early to call a bottom for FedEx's (FDX) earnings, but he now thinks that its roughly 20% cut to its fiscal year guidance is big enough to finally call a potential bottom to earnings at the low end of the current outlook's range. However, there are still enough structural headwinds to keep earnings under pressure for a while and it is hard for him to see a path to a rebound, stating that "trough earnings alone is not a reason to buy the stock." Shanker, who is challenged to see a path to sustained growth in FY21+ for FedEx, keeps an Equal Weight rating on the stock and lowered his price target to $120 from $131. He also believes the read-across to UPS is negative given that the same cyclical pressures are at least partly applicable and he thinks the structural issues are more serious for UPS, on which Shanker keeps an Underweight rating.
09/23/19
LOOP
09/23/19
NO CHANGE
Target $140
LOOP
Buy
UPS 'confident and optimistic' in discussion with investors, says Loop Capital
Loop Capital analyst Rick Paterson kept his Buy rating and $140 price target on UPS (UPS) after hosting its VP of Investor Relations Aldred Williams for an investor meeting. The analyst notes that the demand to see the company's presentation was high and its commentary was "consistent" with its outstanding guidance as well as "balanced, confident and optimistic in spite of the current macro headwinds", adding that the productivity from UPS's new automated Ground hubs is meeting expectations. Paterson further states that although the company is impacted by the China trade tensions similar to FedEx's (FDX) discussed headwinds, the management also reflected on the opportunities around intra-Asia trade, Asia to Europe shipments, and U.S. domestic Next Day Air offers.

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FTR

Frontier Communications

$1.02

0.01 (1.00%)

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  • 05

    Nov

LOGI

Logitech

$40.77

0.71 (1.77%)

15:34
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Options
Logitech options imply 8.8% move in share price post-earnings »

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PCG

PG&E

$8.07

0.3 (3.86%)

15:20
10/21/19
10/21
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Periodicals
San Jose would like to see PG&E become electric and gas cooperative, WSJ says »

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ZION

Zions Bancorp

$45.51

0.79 (1.77%)

15:19
10/21/19
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15:19
10/21/19
15:19
Options
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  • 21

    Oct

$NSD

NASDAQ Market Internals

$0.00

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15:17
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PCG

PG&E

$8.06

0.29 (3.73%)

15:16
10/21/19
10/21
15:16
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15:16
Periodicals
San Jose proposes PG&E be customer-owned, likely to face opposition, WSJ says »

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  • 10

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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10/21
15:16
10/21/19
15:16
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NYSE market internals summary »

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COTY

Coty

$11.47

1.345 (13.29%)

15:06
10/21/19
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15:06
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Recommendations
Coty analyst commentary  »

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  • 05

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    Nov

MCD

McDonald's

$210.35

1.87 (0.90%)

, UBER

Uber

$31.31

-0.73 (-2.28%)

15:05
10/21/19
10/21
15:05
10/21/19
15:05
Earnings
Fly Intel: What to watch in McDonald's earnings report »

McDonald's (MCD) is…

MCD

McDonald's

$210.35

1.87 (0.90%)

UBER

Uber

$31.31

-0.73 (-2.28%)

GRUB

GrubHub

$56.13

0.33 (0.59%)

BYND

Beyond Meat

$110.06

0.13 (0.12%)

03/08/13
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  • 22

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CDNS

Cadence Design

$66.25

0.65 (0.99%)

15:04
10/21/19
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15:04
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Options
Cadence Design options imply 7.9% move in share price post-earnings »

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  • 21

    Oct

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  • 19

    Nov

TEVA

Teva

$8.12

0.62 (8.27%)

15:02
10/21/19
10/21
15:02
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15:02
Periodicals
Plaintiff attorneys say Teva settlement looks same as rejected bid, CNBC says »

CNBC's Meg Tirrell…

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  • 07

    Nov

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    Dec

VRTX

Vertex

$176.97

0.73 (0.41%)

14:59
10/21/19
10/21
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14:59
Hot Stocks
Breaking Hot Stocks news story on Vertex »

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  • 19

    Mar

VRTX

Vertex

$177.18

0.94 (0.53%)

14:55
10/21/19
10/21
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FDA approves Vertex Pharmaceuticals' Trikafta for cystic fibrosis »

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  • 19

    Mar

ELY

Callaway Golf

$20.78

-0.01 (-0.05%)

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Callaway Golf announces multi-year partnership with Stephen Curry »

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  • 24

    Oct

LII

Lennox

$249.37

-3.84 (-1.52%)

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Lennox analyst commentary  »

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  • 21

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AMTD

TD Ameritrade

$37.72

0.93 (2.53%)

14:49
10/21/19
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14:49
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14:49
Options
TD Ameritrade options imply 8.6% move in share price post-earnings »

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  • 22

    Oct

NFLX

Netflix

$275.83

0.43 (0.16%)

14:45
10/21/19
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14:45
Periodicals
Netflix may begin crackdown on password sharing, NY Post says »

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  • 29

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BCE

BCE

$49.00

0.13 (0.27%)

, RCI

Rogers Communications

$50.41

0.68 (1.37%)

14:38
10/21/19
10/21
14:38
10/21/19
14:38
Periodicals
CIB considered public utility to compete with Bell, Rogers, Telus, Logic says »

The Canada Infrastructure…

BCE

BCE

$49.00

0.13 (0.27%)

RCI

Rogers Communications

$50.41

0.68 (1.37%)

TU

Telus

$36.64

0.31 (0.85%)

03/08/13
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  • 23

    Oct

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TER

Teradyne

$59.96

1.05 (1.78%)

14:35
10/21/19
10/21
14:35
10/21/19
14:35
Options
Teradyne put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 23

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14:35
General news
Treasury Action: supply kicks off Tuesday with the $40 B 2-year auction »

Treasury Action: supply…

I

Intelsat

$25.44

-1.03 (-3.89%)

14:32
10/21/19
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Eutelsat tells FCC payment to Treasury shouldn't be over 50%, Bloomberg says »

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  • 29

    Oct

BA

Boeing

$329.63

-14.46 (-4.20%)

14:27
10/21/19
10/21
14:27
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14:27
Periodicals
EASA sees Boeing 737 MAX being cleared in January 'at earliest,' Reuters says »

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  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/21/19
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14:17
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14:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/21/19
10/21
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NYSE market internals summary »

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