<\/p>\n
\n \n Shares of FedEx surged by 5.5% following a robust earnings report for the fiscal first quarter. The company reported an adjusted earnings per share of $3.83 on revenues of $22.24 billion. This performance exceeded analysts’ expectations, which had forecasted earnings of $3.59 per share and revenues of $21.66 billion.\n <\/p>\n \n Intel’s stock experienced a slight pullback after an impressive day where shares soared by 22%. This rally was fueled by Nvidia’s announcement of a $5 billion investment in Intel, aimed at co-developing data center and PC chips. However, Citi downgraded Intel’s shares from neutral to sell, expressing concerns that the stock is overvalued based on its foundry business prospects, which they believe have a minimal chance of success.\n <\/p>\n \n Shares of Lennar fell by 3% after the homebuilder reported third-quarter revenues that fell short of expectations. The company posted revenues of $8.81 billion, while analysts had anticipated $9.00 billion. On a positive note, Lennar’s earnings surpassed estimates, coming in at $2.29 per share compared to the consensus estimate of $2.10.\n <\/p>\n \n Apple saw a slight boost in its stock price after JPMorgan raised its price target from $255 to $280. The investment firm noted strong demand for Apple’s latest iPhone models based on early sales data from Asia, which contributed to the positive sentiment around the stock.\n <\/p>\n \n Shares of Stellantis, the parent company of Jeep, gained nearly 2% after Berenberg upgraded the stock from hold to buy. The firm acknowledged that while Stellantis’ earnings recovery may take time and could be impacted by strategic one-offs or impairments in the second half of the year, the overall narrative surrounding the company is improving.\n <\/p>\n \n Klaviyo’s shares rose by more than 5% following an upgrade from Morgan Stanley, which moved the email platform company from equal weight to overweight. The firm highlighted Klaviyo’s expanded market opportunities, suggesting that these factors will support durable growth moving forward.\n <\/p>\n \n Bill Holdings experienced a 2% increase in shares after Truist upgraded the financial operations platform from hold to buy. The firm is optimistic about Bill Holdings’ revenue growth, believing it will exceed expectations, especially in light of recent share accumulation by activist shareholders.\n <\/p>\n \n \u2014 CNBC’s Alex Harring, Sean Conlon, Michelle Fox, Fred Imbert, and Sarah Min contributed reporting.\n <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines before the bell: FedEx Shares of FedEx surged by 5.5% following a robust earnings report for the fiscal first quarter. The company reported an adjusted earnings per share of $3.83 on revenues of $22.24 billion. This performance exceeded analysts’ expectations, which had forecasted earnings of $3.59 per share and […]<\/p>\n","protected":false},"author":1,"featured_media":1241,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1240"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1241"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\n
\n Check out the companies making headlines before the bell:
\n <\/span>
\n <\/span>
\n <\/span>\n <\/p>\nFedEx<\/h2>\n
Intel<\/h2>\n
Lennar<\/h2>\n
Apple<\/h2>\n
Stellantis<\/h2>\n
Klaviyo<\/h2>\n
Bill Holdings<\/h2>\n