Bloomberg Audio Studios, podcasts, radio news, The.
Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a morning where the broader indexes aren't moving a whole lot, Valerie, but will you take a look at the micro Wow, look at FedEx. A positive sign here perhaps on how people are feeling about the earnings and maybe the broader economy as well. Good morning, It's.
Really delivering in its earnings yesterday you went there five and a half percent. So far in pre market trade, it's even lifting the shares of ups as well. Those are up nearly two percent. What FedEx did was they offset a potential concern about the tariff hit with a pretty solid guidance so on the week side. The CFO did say in the earnings call that fed will suffer a one billion dollar hit from trade volatility this year, highlighting the impact of tariffs and the ending of the
deminimous rule. But FedEx is still doing all right offsetting that hit. They gave a decent guidance on sales, expect sales to rise around six percent into the end of the year, and they also reinstated their full year outlook, and it gave a sign to investors that FedEx is gaining growing clarity about the shipping business ahead of the busy holiday season.
All right, so if we're sticking with cliches here on the earnings, let's talk about Lenar and how it's kind of getting dismantled this morning.
Lennar is a home builder and it is down three percent so far in pre market trade. This is after
its earnings. The forecast for home orders missed estimates. They cited affordability concerns and the wavering job market as for their potential week guidance on orders, and it's disappointing to investors as well, on the back of the fact that there's been a recent drop in mortgage rates, they're now at their lowest line level in almost a year, and it still wasn't enough, I guess, to help boost what Lennard saw as home orders for the final.
Quarter of the year.
So this home builder that is listed in the S and P five hundred is down nearly three percent so far this morning.
All right, let's talk about Intel. Of course, we got that huge news on Nvidia yesterday that looks like that stock might be fading just a bit this morning.
Yeah, just a bit. I mean, we have to say it was of twenty two percent yesterday. It's only down one percent today, so that's pretty much an achievement in itself. But they did get downgraded from City. Their analysts are worried about its valuation. It is trading at the moment at fifty seven times forward earnings, which is nearly double
that of Nvidia. So yes, the valuations have gone out of whack, but it's had, you know, an investment from Navidia, an investment from the US government, and really since the CEO of Intel sat down with President Trump on the eleventh of August, the stock is up nearly fifty percent. So yes, it has had a great run. Valuations do look stretched, but there's a lot of promise in this company's turnaround now.
And apparently some analysts still see promise in Tesla. Tell us about the upgrade.
Yeah, Tesla leading the gains in the mag seven today after quite a decent rally for tech yesterday. Tesla's up one point two percent. They were upgraded from Baird Now. It's the analysts are turning more positive on their AI potential when it comes to their physical uses of AI, implementing it in their robotaxis, their self driving cars and their humanoid robots. So Tesla is in the green of
one point two percent. And while we're on the mag seven, I do want to mention the Apple's doing pretty well this morning. It's up six tens of one percent. There's some early reporting that their iPhone seventeen sales across Asia are showing strong demand for the pro models.
The Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app MHM