Stock Movers: FedEx, Intel, Tesla
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Stock Movers: FedEx, Intel, Tesla
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.”
Sep 19, 2025