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📦 FedEx Delivers
FedEx shares surge more than 10%, Carnival Cruise Line also impresses with earnings and more
Brooks Dyroff
June 25, 2024
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Happy Tuesday, Zingernation! When I first heard about Bitcoin, I thought it sounded a little out there and silly. But then, I found out you could buy pizza with it and I knew that it was a legit project. Fast forward a few years, next thing you know you can put it in your Roth IRA through an ETF. And now one politician is pushing for you to be able to pay your taxes with $BTC.
–Aaron Bry & Nic Chahine
Today’s Price Action:
Plus, check out the company that’s operating in the growing ‘creator economy’, helping influencers and creators monetize their content.
TODAY’S MOST VOLATILE STOCKS
TODAY’S TOP STORY
What Happened: Logistics company FedEx Corporation FDX reported fourth-quarter financial results after the market close Tuesday.
Basically: FedEx reported fourth-quarter revenue of $22.1 billion, which beat a Street consensus estimate of $22.06 billion, according to data from Benzinga Pro.
The Numbers: The company reported earnings per share of $5.41, which beat a Street consensus estimate of $5.37. Revenue, operating income and operating margins were all up on a year-over-year basis, the company said. Here are more details on the report, including what other stocks are moving on the news.
PRESENTED BY IZEA
As social media's influence expands and technology lowers content creation barriers, the “creator economy” has emerged, enabling individuals to monetize their talents directly. Goldman Sachs Research estimates the creator economy, currently at $250 billion, will grow to $480 billion by 2027. Companies like IZEA Worldwide (NASDAQ: IZEA) are pivotal in this space, offering platforms that connect creators with brands for lucrative collaborations. IZEA’s innovative tools, including their AI-driven FormAI suite, empower creators of all sizes. With the creator economy poised for substantial growth, investors should consider IZEA a key player in this dynamic market. Find out more at the company’s website.
FIVE MOVERS
Celsius Holdings shares took another hit Tuesday, closing down around 6% as analysts appear unimpressed with the company’s recent numbers.
Carnival Cruise Line moved higher after the close after the leisure and travel company reported stronger-than-expected earnings.
Home Depot’s stock moved lower in today’s session, in sympathy with Pool Corp which lowered its guidance and 2025 forecast.
General Motors shares closed lower today, trading down more than 3% following bearish coverage from an analyst at Wells Fargo.
Solar Edge shares got crushed in Tuesday’s session, trading down more than 20% after announcing a private offering.
ONE TRADE IDEA FOR TOMORROW
Briefly: Cryptocurrency markets traded up Tuesday despite ETFs recording their seventh consecutive day of negative fund flows.
The Data: IntoTheBlock data shows large transaction volume up 154%, with daily active addresses spiking 42%. Transactions greater than $100,000 more than doubled to 9,368 from 4,580 in a single day. Exchange netflows increased 71.9%.
So: Coinglass data notes 41,349 traders liquidated in the past 24 hours for $137.49 million. Watcher Guru shared that SEC Chair Gary Gensler stated that the "process to spot Ethereum ETF approval is going smoothly." Here are some more details on the whale trades and what it means for Bitcoin’s price action.
PRESENTED BY T3 TRADING
Unlock your trading potential with How To Trade Earnings Season with Sami Abusaad. Learn both beginner and advanced strategies to optimize your performance and decision-making. Master leveraging options to navigate the dynamic market landscape. Elevate your trading skills—register now!
Date: Thursday, 6/27/24
Time: 11:00 AM - 12:00 PM EST
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