Stock Movements, New Facilities, Pricing Strategies, Earnings Release Schedules, and Survey Results - Analyst Notes on Norfolk Southern, MGM, FedEx, TJX and UPS
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NEW YORK, May 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Norfolk Southern Corp. (NYSE: NSC), MGM Resorts International (NYSE: MGM), FedEx Corporation (NYSE: FDX), The TJX Companies, Inc. (NYSE: TJX) and United Parcel Service, Inc. (NYSE: UPS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2264-100free.
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Norfolk Southern Corp. Analyst Notes
On May 6, 2014, shares of Virginia-based, railroad Company - Norfolk Southern Corp.'s (Norfolk) gained 0.12%, ending the day at $93.75. During the session, the Company's shares opened at $93.38 and vacillated in the range of $93.18 - $94.60. Norfolk traded 2.14 million shares during the day, higher than its 30-day average trading volume of 1.66 million shares. Over the past 12 months, the shares of the Company increased 20.48%, as compared to the broader market index (S&P 500), which increased 15.68% during the same time period. The full analyst notes on Norfolk Southern are available to download free of charge at:
http://www.analystsreview.com/2264-NSC-09May2014.pdf
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MGM Resorts International Analyst Notes
On May 1, 2014, AEG and MGM Resorts International (MGM) owned, Las Vegas Arena Company, broke ground on a world-class, privately funded, $375 million indoor arena. The facility is set to open in spring 2016. Located west of the Las Vegas Strip, between New York-New York and Monte Carlo resorts, the new 20,000-seat arena will host boxing, UFC and other sporting events, major headline entertainment, awards shows and special events. Commenting on the development, Jim Murren, Chairman and CEO of MGM, said "We are committed to ensuring that Las Vegas retains its title as Entertainment Capital of the World for generations to come. The addition of this world-class arena, which will attract new events to the market and enable existing events to grow in scale, is an integral component in that strategy." The full analyst notes on MGM are available to download free of charge at:
http://www.analystsreview.com/2264-MGM-09May2014.pdf
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FedEx Corporation Analyst Notes
On May 2, 2014, FedEx Corporation (FedEx) announced pricing changes for its two segments: FedEx Freight and FedEx Ground. The Company informed that FedEx Freight will increase its published fuel surcharge indices by 3 percentage points, with effect from June 2, 2014. According to the Company, despite this increase, FedEx Freight's fuel surcharge remains one of the lowest among the major less-than-truckload carriers in the U.S. Further, FedEx Ground will apply dimensional weight pricing to all shipments, effective January 1, 2015. Presently, FedEx Ground applies dimensional weight pricing only to packages measuring three cubic feet or greater. According to FedEx, this change will align the FedEx Ground dimensional weight pricing with FedEx Express by applying it to all packages. The full analyst notes on FedEx are available to download free of charge at:
http://www.analystsreview.com/2264-FDX-09May2014.pdf
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The TJX Companies, Inc. Analyst Notes
On May 6, 2014, The TJX Companies, Inc. (TJX) announced that the Company will release its Q1 FY 2015 sales and earnings results on May 20, 2014, before 9:30 a.m. ET. Carol Meyrowitz, TJX's CEO, will hold a conference call with stock analysts to discuss the Company's Q1 FY 2015 results, operations and business trends at 11:00 a.m on the same day. According to Zacks Investment Research, the consensus EPS estimate for Q1 FY 2015 is $0.67. The full analyst notes on TJX are available to download free of charge at:
http://www.analystsreview.com/2264-TJX-09May2014.pdf
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United Parcel Service, Inc. Analyst Notes
On May 1, 2014, United Parcel Service, Inc. (UPS) released a study highlighting the broad use of e-commerce for industrial purchases. The study stated that in the year 2013, more than 63% of industrial supply buyers made purchases online, with half of those purchasers spending at least 50% of their annual budget with suppliers who have an e-commerce platform. Distributors opened new routes for customers through their e-commerce websites, with 34% of survey respondents claiming they made online purchases outside of their existing supplier base in the last year. The survey was conducted by UPS and TNS, a global market research expert. A total of 1,500 industrial supplies purchasers were interviewed in the U.S. to gain a deeper understanding of their perceptions in five key areas of the purchasing process: researching and selecting suppliers; the purchase transaction; suppliers' websites; shipping, delivery and returns; and post-sales service and support. The full analyst notes on UPS are available to download free of charge at:
http://www.analystsreview.com/2264-UPS-09May2014.pdf
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