On this episode of Stock Movers:- FedEx (FDX) is higher after it reinstated its profit and sales forecast, saying revenue will grow by 4% to 6% in the current fiscal year, and expects adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share. Still, the company said it expects a $1 billion hit from trade volatility this year due to President Donald Trump’s tariffs and the loss of a key exemption for low-value goods.- Lennar (LEN) is moving to the downside as its forecast for quarterly home orders missed analysts' estimates due to affordability concerns and the wavering job market. Lennar's results "reflect both the continued pressures of today's housing market and the consistency of Lennar's operating strategy," according to Co-Chief Executive Officer Stuart Miller.- Intel (INTC) is falling as Citigroup downgrades to sell from neutral, pointing to the beleaguered chipmaker’s rich valuation. The stock rallied 23% on Thursday after Nvidia agreed to invest $5 billion in the company. Analyst Christopher Danely says “the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed.”See omnystudio.com/listener for privacy information.
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4:27
FedEx Earnings; Intel Downgrade; Tesla Upgrade
On this episode of Stock Movers:- FedEx (FDX) is higher after it reinstated its profit and sales forecast, saying revenue will grow by 4% to 6% in the current fiscal year, and expects adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share. Still, the company said it expects a $1 billion hit from trade volatility this year due to President Donald Trump’s tariffs and the loss of a key exemption for low-value goods.- Lennar (LEN) is moving to the downside as its forecast for quarterly home orders missed analysts' estimates due to affordability concerns and the wavering job market. Lennar's results "reflect both the continued pressures of today's housing market and the consistency of Lennar's operating strategy," according to Co-Chief Executive Officer Stuart Miller.- Intel (INTC) is falling as Citigroup downgrades to sell from neutral, pointing to the beleaguered chipmaker’s rich valuation. The stock rallied 23% on Thursday after Nvidia agreed to invest $5 billion in the company. Analyst Christopher Danely says “the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed.”- Tesla (TSLA) is rising on an upgrade. Baird is upgrading it to outperform from neutral, noting that the electric-car maker is increasingly viewed as the leader in physical AI. Baird’s Ben Kallo says the “relatively muted stock reactions following a series of less than stellar quarters and investor inbounds regarding long-term initiatives lead us to believe focus has increasingly shifted to the future for TSLA.”See omnystudio.com/listener for privacy information.
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4:10
BAE Systems Up, SMG Rallies, Croda's US Investors
On this episode of Stock Movers:- Goldman Sachs reinstated coverage of BAE Systems Plc with a recommendation of buy.- Swiss Marketplace Group’s shares rallied in its Switzerland debut, showing solid demand and a positive sign for Europe’s recovering initial public offering scene. - Croda International’s stock jumped the most in nearly five months after an American investment management company disclosed it held more than 5% voting rights in the British chemicals supplier.See omnystudio.com/listener for privacy information.
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4:11
FedEx Rises, Netskope Climbs in Debut, Intel Soars
On this edition of Stock Movers:- FedEx (FDX) shares rose in after hours trading after the company reported better than expected earnings. FedEx reinstated its full-year profit outlook, a sign that the company is gaining some clarity on the future of its business even while the pressure from tariffs is far from over. Adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share, the company said Thursday in a statement detailing its first-quarter results. The midpoint is slightly below the $18.25 average of analyst estimates compiled by Bloomberg. The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts.The sales forecast suggests FedEx anticipates robust volumes during the holiday season, typically its busiest period. Results in its Express unit were helped by higher-margin priority packages, increased US parcel volumes and savings from its cost-cutting initiatives.- Netskope (NTSK) jumped 18% in its trading debut, after the cybersecurity firm raised $908.2 million in an initial public offering. Shares in the Santa Clara, California-based company closed at $22.49 each on Thursday, above the IPO price of $19 apiece. The deal was priced at the top of the increased price range of $17 to $19 each. The trading gives the company a market value of $8.6 billion, based on the outstanding shares in its filings. Founded in 2012, the company’s cloud-native Netskope One platform incorporates artificial intelligence models to help companies protect customers from threats and keep sensitive data secure, according to the filings. It counts Colgate-Palmolive Co., Home Depot Inc. and Bayer AG among its customers. Netskope’s IPO drew demand for more than 23 times the available shares, Bloomberg News reported Tuesday. To Chief Executive Officer Sanjay Beri, the strong demand reflects how the company is “modernizing both networking and security for the cloud and AI era.- Intel (INTC) shares soared today after the firm announced that Nvidia had agreed to invest $5 billion in the company and co-develop chips for PCs and data centers. The move comes less than a month after President Donald Trump sealed a deal for a roughly 10% US government stake in Intel. Thursday’s surge in Intel shares pushed the stock to $30.57, boosting the value of the government’s stake to about $13 billion, a $4.4 billion gain on paper since the deal was inked in August. Under that agreement, the US government said it would buy 433.3 million shares of Intel’s common stock at $20.47 per share.See omnystudio.com/listener for privacy information.
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6:31
Closing Bell: Intel Rallies, Novo Nordisk Jumps, FedEx Sees Sales Growth
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- The US government’s bet on Intel (INTC) is paying off in a big way after a surprise investment from Nvidia Corp. sparked the biggest rally in the chipmaker’s shares in nearly four decades. Intel shares soared 23% on Thursday after the firm announced that Nvidia had agreed to invest $5 billion in the company and co-develop chips for PCs and data centers. The move comes less than a month after President Donald Trump sealed a deal for a roughly 10% US government stake in Intel. Thursday’s surge in Intel shares pushed the stock to $30.57, boosting the value of the government’s stake to about $13 billion, a $4.4 billion gain on paper since the deal was inked in August. Under that agreement, the US government said it would buy 433.3 million shares of Intel’s common stock at $20.47 per share.- Novo Nordisk (NOVO) rose the most in a month after its diabetes blockbuster Ozempic beat Eli Lilly & Co.’s older drug Trulicity in a real-world survey of certain US patients. Medicare patients who took Ozempic were 23% less likely to have a heart attack, stroke or die than people on Trulicity, Novo said in a presentation at the European Association for the Study of Diabetes conference in Vienna. The study followed almost 60,000 people with diabetes and heart disease. - FedEx (FDX) reinstated its full-year profit outlook, a sign that the company is gaining some clarity on the future of its business even while the pressure from tariffs is far from over. Adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share, the company said Thursday in a statement detailing its first-quarter results. The midpoint is slightly below the $18.25 average of analyst estimates compiled by Bloomberg. The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts.See omnystudio.com/listener for privacy information.
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