FedEx Expects $1 Billion Hit, Oklo rises, NetSkope Jumps - podcast episode cover

FedEx Expects $1 Billion Hit, Oklo rises, NetSkope Jumps

Sep 19, 20254 min
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Episode description

On this episode of Stock Movers:
- Fedex (FDX) expects a $1 billion hit from trade volatility this year due to President Donald Trump’s tariffs and the loss of a key exemption for low-value goods. The company reinstated its financial guidance, saying revenue will grow by 4% to 6% in the current fiscal year, and expects adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share. FedEx is working on internal initiatives to cut costs, including merging its air and ground networks, and expects its efforts to create $1 billion in permanent cost reductions. - Oklo (OKLO) rose 15%. Trading volume was quadruple the average for this time of day. The shares increased to $121.04 from $104.97. The stock was the best performer among its peers. The S&P 500 Index rose 0.2%.
- Netskope (NTSK) jumped 18% in its trading debut, after the cybersecurity firm raised $908.2 million in an initial public offering. The company’s cloud-native Netskope One platform incorporates artificial intelligence models to help companies protect customers from threats and keep sensitive data secure, according to the filings.

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Transcript

Speaker 1

Bloomberg Audio Studios, Podcasts, radio News, The.

Speaker 2

Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.

Speaker 3

I'm Paul Sweeney with Laura Melinda. We're joined by Bloomberg's Billy Litchell's Bailly. What do you got for us today? Yea.

Speaker 1

I want to start with FedEx ticker FDx stock up just about three percent right now. This comes after the company reported earnings that were better than expected and the fact that it maintained its full year sales and profit outlook. The big question mark, though, has been the impact of tariffs, the company noting that they expect a one billion dollar hit from trade volatility this year. Bloomberg Intelligence analysts coming out saying that the parcel environment may not be as

dire as fear as dire as feared. FedEx's domestic business doing well, but the big question is the impact of the Dominima duty free exemption. How that's going to impact FedEx, given that's a pretty healthy chunk of the business, but certainly an area that FedEx has been working out and being being a bigger part as it relates to that kind of operations moving things around. Right now stock trades

is about two hundred and thirty three. Bucks hit a low in the wake of tariffs low two hundred, so rally Offlow is pretty strong. Yeah, shares down seventeen percent so far this year. What other companies are you keeping an eye on here? So I want to preface this by saying it is a stable market day smps like five points. We are seeing heavily shorted stocks ripping really and that's across quantum computing, nuclear, AI, flying taxis. So I want to focus on nuclear stocks Oaklow ticker OKLO and New

Scale Power ticker SMR. Oklow right now up more than sixteen percent, creating at a record high. Up on the week Guys about fifty percent and New Scale up about fourteen percent. This is coming after news that Trump was going to use nuclear as part of of trade talks and coming after that meeting with the UK. But we are really seeing big moves in some of these stocks. Having covered the spackspace, a lot of people will say, what these backs are trading, Well, we'll Oaklow, sam Altman

backs back went public. Ten Bucks right now trades for one hundred and twenty two now.

Speaker 3

Which wow Wwuetna Nor and I were just talking with James Walker, CEO of a nano nuclear energy NNE that slacks up thirteen percent today, up three hundred percent over the trailing twelve months, and he kind of said, hey, the MARC is trying to identify winners and losers in this emerging kind of micro nuclear technology. And you said, the stocks are rip it today and it's.

Speaker 1

Been an interesting patch to just keep an eye on. Just to that point is if you're putting your money across and betting on every horse, presumably one or two will win and that can be result in some big bucks. And I just want to end on Netscope company went public yesterday. Tiger NTSK traded well, traded up about eighteen percent yesterday, up another double digits, so right now up

thirty percent from its IPO price. This is a cybersecurity company, so we've been keeping a close eye on software, cyber and potential new entrants in the IPO market. A big positive data point, especially in the wake of StubHub, which is traded pretty darn poorly. So a big move higher again in Netscope, that ticker NTSK up about thirty percent from where at priced just on Wednesday night.

Speaker 2

The Stockmovers 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.

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