These Big Cap Stocks Are Moving the Most Today: From FedEx to Amazon And More.

Jun 21, 2022

These Big Cap Stocks Are Moving the Most Today: From FedEx to Amazon And More.

Stock futures fell slightly Wednesday as the S&P 500 fell for the second day in a row, and the focus shifted to Federal Reserve Chairman Jerome Powell’s speech before Congress.

And these big cap stocks were primed to move on Wednesday:

FedEx (FDX) was down 3.1% in premarket trade after the transportation company posted fiscal fourth-quarter results above analysts’ expectations but gave disappointing forecasts. The business estimates between $16.50 and $18.50 per share for the current fiscal year, up from about $15 per share in fiscal 2023. Wall Street had predicted a share price of around $18.30. FedEx also expects sales to grow “flat to low-single-digit percent” in fiscal 2024.

Other big cap stocks  like Tesla (TSLA) were up 1.4%. Elon Musk, CEO of Tesla, met with India’s Prime Minister Narendra Modi on Tuesday and expressed confidence that the electric-vehicle maker will be in India as soon as feasible. Musk stated that Modi was pressuring Tesla to make large investments in India, which they expect to do.

Amazon.com (AMZN) was down marginally in premarket trade, falling to $125.62. Jefferies analysts upgraded their price objective on the stock to $150 from $135, citing the company’s position as a key beneficiary of the emergence of artificial intelligence, as AWS benefits from increasing usage to train and execute AI models.

Meanwhile, Amazon has announced that Prime Day, the online retailer’s annual promotional event, will be held on July 11-12. Amazon reportedly made $12 billion in sales during last year’s Prime Day.

La-Z-Boy (LZB) expects fiscal first-quarter sales of $470 million to $490 million, down $604.1 million from the previous year and below analysts’ projections of around $522 million.

KB Home (KBH), Patterson Cos. (PDCO), and Winnebago (WGO) are all slated to announce earnings on Wednesday.

Peloton Interactive (PTON) was down 3.5% in premarket trade to $7.97 after Wolfe Research downgraded the digital workout business to Underperform with a price target of $6, according to the Fly.

Subscribe Our Newsletter

Insider News: China's E-Commerce Giant JD.Com Is Reportedly Laying Off At Least 400 Workers, Adding To Massive Layoffs Seen At Other Major Chinese Tech Firms Like Alibaba And Tencent
Insider News: China’s E-Commerce Giant JD.Com Is Reportedly Laying Off At Least 400 Workers, Adding To Massive Layoffs Seen At Other Major Chinese Tech Firms Like Alibaba And Tencent

JD.com's announcement came after claims that Alibaba, another e-commerce behemoth, was also contemplating cutting off at least 15% of its workforce in 2022. This would result in the loss of almost 39,000 employment, Reuters said, referencing anonymous individuals.

Companies
The Stock Market Just Suffered Its Worst Week Since 2020. Here’s What Comes Next.
The Stock Market Just Suffered Its Worst Week Since 2020. Here’s What Comes Next

Although rational, the loss has been unpleasant for investors who have been taught to trade on the dips. This week, the Nasdaq Composite saw two straight one-percentage-point gains, which converted into losses by the end of the trading day.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Constantine

Top 5 Most Prospective Tokens in the Metaverse.
Over the past 20 years, information technology has determined the development vector of the main spheres of society: economic, political, spiritual, and social.

discover
Litecoin Mining Guide: How to Get Started in 2025?

Alexander

Litecoin Mining Guide: How to Get Started in 2025?

A step-by-step guide to Litecoin mining in 2025, including tips on hardware, mining methods, and optimizing energy consumption for beginners.

Crypto Exchange Business
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.