Companies that could issue positive surprises include Becton, Dickinson and Company (BDX), SucessFactors (SFSF) and Sunoco (SUN). Penn Virginia Corporation (PVA) could potentially disappoint investors. The Week's Events November has historically been one of the best months for the major markets, according to the[More...]

We are maintaining our Hold on FedEx Corp. (FDX), but raising our target price to $90. In line with earnings guidance provided on September 9, FDX reported 2009 fiscal first quarter (August 31) EPS of $1.23, which was up from earlier guidance of $0.80-$1, but down 23% year over year, largely due to a 66% increase in fuel costs. We are raising our fiscal 2009 (May 31) diluted EPS estimate to $5.25 from $4.90, the high end of FDX diluted EPS guidance of $4.75-5.25 and initiating our fiscal 2010 estimate at $6. Fuel surcharges will lag record high fuel costs and the weak economy will hurt LTL freight, U.S. express and copy services. Remedial actions include cost-control measures and cuts in capital spending. FDX recently increased its annual dividend rate by 10% to $0.44 per share, which provides a 0.5% yield. FDX?s long-term goals[More...]

BorgWarner Inc. (BWA) is expected to benefit from the growing demand for its strong technology-based product portfolio. About $1.95 billion of new powertrain business is expected between 2008 and 2010. The company has healthy financials with low debt and has taken further initiatives to maintain margins in the challenging North American industry environment. However, due to high... [More...]

Anyone still remember Channel One, the TV channel that is pumped into 11,000 local schools and included ten minutes of news and two minutes of commercials in exchange for free equipment? In April, Primedia (PRM) sold the channel to Alloy Inc. (ALOY), the former clothing retailer that’s now a marketing company that focuses on the [...]