Updating FEDEX CORP., AMEREN CORP., and APACHE CORP.

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FEDEX CORP. $130 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 316.6 million; Market cap: $41.2 billion; Price-to-sales ratio: 0.9; Dividend yield: 0.5%; TSINetwork Rating: Average; www.fedex.com) has announced a new share buyback program that lets it repurchase up to 32 million of its common shares. If you include the 7.4 million shares left under its old plan, the company can now buy back up to 39.4 million shares, or 12.4% of the total outstanding. Share buybacks raise earnings per share and other per-share calculations and give the remaining shareholders a larger stake in the company. There are no time limits for these purchases. The company’s customers continue to shift to slower but cheaper forms of transportation, such as trucks and ships, instead of its more expensive overnight international air service. However, more of its clients are ordering goods online, which has pushed up volumes at its ground delivery division. FedEx is a buy. AMEREN CORP. $36…