FedEx TANKS After Profit Forecast and 4 Hot Stocks Demanding Attention
FedEx Corporation (NYSE:FDX): On Wednesday, U.S. stocks were bouncing between small gains and losses in early trading on Wall Street. FedEx fell following the huge package delivery company’s cut of its profit forecast for the year. FedEx, which several investors see as a bellwether for the global economy, stated that its earnings would take a hit due to of weakness in its express delivery business. This signifies that FedEx’s global customers are choosing slower, cheaper delivery options. FedEx’s stock dropped 84 cents to $86.70. Shares of FedEx Corporation are trading 1.09% lower today.
Don’t Miss: FedEx Echoes GLOBAL SLOWDOWN Fears.
Heckmann Corporation (NYSE:HEK) had a great Tuesday. The stock was boosted nearly 40 percent, and it made its big move after the news hit the market that Heckmann reached an agreement for a merger with Power Fuels, Inc., which is a closely held environmental company in the Bakken Shale area, North Dakota. Shares of Heckmann Corporation are trading 8.09% higher today.
Macy’s, Inc. (NYSE:M): As part of its landmark multi-year, 400 million dollar renovation of Macy’s Herald Square, the retailer will debut the Herald Square Cafe this week, just in time for the fall fashion season. Nestled within The World’s Largest Shoe Floor on 2, the Herald Square Cafe will be looked upon fondly in New York’s newest and premier shoe shopping destination. Tempting all senses with exotic coffees, artisan chocolates, and fine champagne, the Herald Square Cafe gives shoppers the ultimate trifecta of indulgence after they browse the “must-shop” destination of the fall 2012 season. Shares of Macy’s, Inc. are trading 0.90% lower today.
Guidewire Software Inc (NYSE:GWRE) saw a fiscal Q4 profit as the insurance software maker reported broad-based revenue growth, caused by gains in services revenue. Shares saw a 13 percent boost to $33.15 premarket as results topped analyst expectations. Shares of Guidewire Software Inc are trading 9.44% higher today.
ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) had a big day on Tuesday, and the key resistance line, for several weeks, has contained the prices, but on Monday, it saw a surge, boosting 1.48 to 15.09, or 11 percent, on 3.3 million shares. Look for the next target to be about 16.60 short-term and secondary target around 19. Shares of ISIS Pharmaceuticals, Inc. are trading 1.86% lower today.
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