FedEx Jumps; Lennar Lower; Intel Downgrade
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…
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