FedEx and UPS Prepare for Hurricane Isaac and 3 HOT Stocks Moving the Market
Glad tidings at the company’s annual meeting lead shares of Heinz (NYSE:HNZ) higher – FQ1 earnings may improve by 10 percent while organic revenues could rise 5 percent, with emerging markets looking strong.
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Claims from pharmacy groups that Express Scripts’ (NASDAQ:ESRX) $29B acquisition of Medco violated anti-trust regulations were mostly dismissed by a judge yesterday, though the plaintiffs can choose to replead. Claims relating to clinical specialty drugs, may however, proceed further.
Abbott Labs’ (NYSE:ABT) Architect assay, which measures testestorone levels and has better sensitivity, has been accorded the CE mark by the E.U.
Fedex (NYSE:FDX) and UPS (NYSE:UPS) may be impacted by Hurricane Isaac as deliveries in the coastal areas of four American states come to a near halt. Weather related disasters such as hurricanes have been known to have an effect, albeit minor on the quarterly earnings of the delivery companies.
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