{"id":25474,"date":"2023-06-21T10:19:03","date_gmt":"2023-06-21T14:19:03","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/fedex-tesla-amazon-winnebago-peloton-and-more-stock-market-movers\/"},"modified":"2023-06-21T10:19:04","modified_gmt":"2023-06-21T14:19:04","slug":"fedex-tesla-amazon-winnebago-peloton-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=25474","title":{"rendered":"FedEx, Tesla, Amazon, Winnebago, Peloton, and More Stock Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stock futures slipped Wednesday after the
\n S&P 500
\n closed lower for the second day in a row and attention turned to Federal Reserve Chairman Jerome Powell\u2019s testimony before Congress.<\/p>\n

These stocks were poised to make moves Wednesday:<\/p>\n

\n

\n FedEx
\n (FDX) was falling 2.7% in premarket trading after the shipping giant reported fiscal fourth-quarter earnings that beat analysts\u2019 estimates but issued guidance that disappointed. The company said it expects earnings for the current fiscal year of between $16.50 and $18.50 a share, up from nearly $15 a share in fiscal 2023.\u00a0Wall Street had been expecting about $18.30 a share.
\n FedEx
\n also said it sees sales growing \u201cflat to low-single-digit-percent\u201d\u00a0in fiscal 2024.<\/p>\n

Shares of competitor
\n United Parcel Service
\n (UPS)\u00a0were down 1%.<\/p>\n

\n Tesla
\n (TSLA) was rising 1.3% to $277.98. CEO Elon Musk met with India\u2019s prime minister, Narenda Modi, on Tuesday and said he was confident the electric-vehicle maker \u201cwill be in India and will do so as soon as humanly possible.\u201d Musk said Modi was pushing
\n Tesla
\n to make \u201csignificant investments in India,\u201d and that\u2019s \u201csomething we intend to do.\u201d<\/p>\n

Separately, analysts at Barclays downgraded Tesla to Equal Weight from Overweight but raised their price target to $260 from $220.<\/p>\n

\n Amazon.com
\n (AMZN) was up slightly, rising to $126.24 in premarket trading. Analysts at Jefferies raised their price target on the stock to $150 from $135, saying they see the company as a \u201ccore beneficiary\u201d from the
rise of artificial intelligence as \u201cAWS benefits from increased usage to train and run AI models.\u201d<\/p>\n

\n Amazon,<\/span>
\n meanwhile, announced that Prime Day, the online retailer\u2019s annual promotional event, will take place on July 11-12. It has been estimated that Amazon reaped sales of about $12 billion in last year\u2019s Prime Day.<\/p>\n

\n Winnebago Industries
\n (WGO), the recreational-vehicle maker, was falling 3.9% after reporting a decline of 38% in fiscal third-quarter sales.<\/p>\n

\n La-Z-Boy
\n (LZB), the furniture maker, said it expects fiscal first-quarter sales of $470 million to $490 million, down $604.1 million a year earlier and below analysts\u2019 expectations of about $522 million. Shares fell 2.3%.<\/p>\n

\n Peloton Interactive
\n (PTON) was falling 2.5% in premarket trading to $8.05 after shares of the digital exercise company were assumed at Wolfe Research at Underperform with a price target of $6.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures slipped Wednesday after the S&P 500 closed lower for the second day in a row and attention turned to Federal Reserve Chairman Jerome Powell\u2019s testimony before Congress. These stocks were poised to make moves Wednesday: FedEx (FDX) was falling 2.7% in premarket trading after the shipping giant reported fiscal fourth-quarter earnings that beat […]<\/p>\n","protected":false},"author":1,"featured_media":25475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-25474","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nFedEx, Tesla, Amazon, Winnebago, Peloton, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures slipped Wednesday after the S&P 500 closed lower for the second day in a row and attention turned to Federal Reserve Chairman Jerome\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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