FedEx and Micron are set to release their quarterly earnings reports, with market expectations of significant stock movements. FedEx's shares jumped after a positive earnings report, highlighting cost savings and a cheery annual profit forecast. Micron's stock is at an all-time high, with analysts predicting a potential peak near $200. The earnings releases will provide insights into the companies' performance and future outlook.
$MU reporting earnings later in the afternoon. $NVDA $AMD $ARM
LISTEN NOW: Carl Quintanilla and Jim Cramer discussed what to make of FedEx shares rallying by double-digits on better-than-expected Q4 results. Listen and follow the @SquawkStreet podcast here: https://t.co/FZ7yRasUoQ https://t.co/x4KZSv2Ddu
Paychex Inc. $PAYX Earnings: - Diluted EPS of $1.05 (+8% YoY) - Adjusted Diluted EPS of $1.12 (+15% YoY) - Revenue of $1.29 billion (+5% YoY) - Operating Income of $481.8 million (+6% YoY) President and Chief Executive Officer, John Gibson commented, βAs we close out the fiscalβ¦ https://t.co/TFV5d3a7Uj
Big day for the AI trade. First, $NVDA's shareholder meeting. Second, $MU will be reporting. The reason Micron is important is their HBM is used in conjunction with Nvidia chips. I don't know how Micron and Nvidia trade tomorrow, but more importantly I expect both of theirβ¦
FedEx Stock Delivers Best Day Since 2022βShares Hit 3-Year High https://t.co/pyU9EJHS58 https://t.co/pA8ZqclX1I
$MU reports after the close today https://t.co/PkuGOSxpnq Too far? $NVDA #hawktauh https://t.co/fiZJDu4LZ0
4 day high on $MU Reports this afternoon post close https://t.co/T9MbFWlGuF https://t.co/RyOQLOSn4f
FedEx cost cuts are delivering results, and potential freight spinoff is βtantalizingβ: analysts - my story for @MarketWatch #FedEx $FDX https://t.co/7cCQdkciux
After $FDX earnings easy to see where $IYT needs to go to look healthier https://t.co/ycqCK0PTTu
$PAYX | Paychex's Q4 Earning Report: Revenue $1.3B, EPS $1.05, Adjusted EPS $1.12. Solid performance in challenging market conditions! π Business Highlights: β‘οΈ Achieved $2.2 billion in operating income for fiscal 2024. β‘οΈ PEO and Insurance Solutions revenue increased by 9%β¦ https://t.co/1tqKksaO6O
"Revenues did not miss, which is a nice change to see," CFRA Research analyst Stewart Glickman says. $FDX "is delivering on the cost cuts." https://t.co/2ZNe0o49hd
$FDX looking for its 2nd-best day in the last 20 years https://t.co/fEeZDCqIGe
$MU remains a Top Pick at Citi Expects Micron to guide its fiscal Q4 2024 revenue to $8.00 billion, an 18% increase quarter-over-quarter, and above the consensus estimate of $7.58 billion.
It's a BIG day for semiconductors -- $MU earnings after market close! Check out that volume over the last few sessions... It's about to go down. ππΏ https://t.co/wFWAEwILhK
$PAYX Earnings: - Total revenue increased to $1.3 billion for the fourth quarter, growth of 5% over the prior year period, which reflects a lower contribution from our employee retention tax credit ("ERTC") service, impacting growth by approximately 300 basis points. - Diluted⦠https://t.co/tusqWkPLSX
$PAYX (+1.5% pre) Paychex (PAYX) Tops Q4 EPS by 2c; offers outlook - SI https://t.co/aIQKd0lv4h
JPMorgan has raised its price target on FedEx from $296 to $359 The shares of the company are up 13.8% in pre-market after its earnings release yesterday #FedEx $FDX
Analysts rush to reset FedEx stock price targets after Q4 earnings https://t.co/KDKH6Qc3P6
Perhaps $MU Micron reporting earnings after the close Wednesday leads to an EOQ semis rally after the horrific hate-selling equity indices had to suffer through from last Thursday's all time high print to the "horrific close" on Monday in the $NDX $QQQ Then again, what if the⦠https://t.co/YEGuJSF0F1
Micron $MU earnings preview: Analysts unveil new price targets ahead of Q3 print https://t.co/R89AZBgysO https://t.co/OyDAs88MrR
π΅ FEDEX CLIMBS ON CHEERY ANNUAL PROFIT FORECAST, FREIGHT BUSINESS REVIEW FedEx shares jumped 13% premarket on Wednesday after the delivery giant reassured investors with a largely upbeat annual profit forecast and said it would weigh options for its less-than-truckloadβ¦ https://t.co/IwgbiarjO3
FedEx Scores an Upgrade After Strong Earnings, βSurprisingβ Freight Decision https://t.co/agPNRWZqNj
JPMORGAN: β.. it seems that the transformation at $FDX is building momentum and the strategic announcement with Freight should not be underestimated.β Ups to Overweight, $359 target (prior $296) https://t.co/kxVVCQaVym
#FedEx shares jump after hours as massive cost-cutting measures kick in
$MU Alright, we need to discuss Micron Technologies. Itβs up 72% YTD. Last quarter, they surprised with a profit of $0.42 EPS when the street expected them to lose $0.26 a share. $793M in profits. They also beat revenues at $5.8B vs $5.3B. What does Micron do? They are aβ¦ https://t.co/ytbhfHQ3IX
$MU Alright, we need to discuss Micron Technologies. Itβs up 72% YTD. Last quarter, the surprised with a profit of $0.42 EPS when the street expected them to lose $0.26 a share. $793M in profits. They also beat revenues at $5.8B vs $5.3B. What does Micron do? They are aβ¦ https://t.co/MlaWArXl1F
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow AH. https://t.co/w2Ibu5sVsB https://t.co/yw1QDyoFTf
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow PM. https://t.co/qaPRSnDkJF https://t.co/yw1QDyoFTf
Highlight from today's FedEx earnings call - We are conducting an assessment of the role FedEx Freight in value-creation plans. π€
FedEx shares jump after hours as massive cost-cutting measures kick in https://t.co/OyP6Jtn6xv
Let's see if $FDX can help with this dumpster fire $IYT chart https://t.co/cQTrjrIlLA
Paychex $PAYX Earnings Setup - Last Q was a One-Off? Rare to see both forward revenue and earnings move lower from a $PAYX report - but it happened last Q, albeit modestly. Expensive relative to the last year, but at 25x forward earnings still at a discount to the 30x levels of⦠https://t.co/i0zdR1sXLM https://t.co/yw1QDyoFTf
βοΈ $FDX earnings call (via Briefing) https://t.co/g84M3kfi1F
$FDX became the 12th S&P 500 company to report results for 2Q24. So far, 83% have topped their 2Q24 EPS ests, on +8.03% growth vs. 2Q23. 50% surpassed their sales ests on +3.51% growth. These same 12 co's recorded +14.87% 1Q24 EPS growth and +3.41% sales growth 3 months ago. https://t.co/k0xmGaG96d
FedEx shares jumped in late trading Tuesday after the company reported a modest improvement in quarterly revenue, reversing six straight quarters of declines https://t.co/QR5aprNwKI
$FDX earnings play a huge score for @optionshawk members! https://t.co/f1vE6ZRmar
$FDX whoa Sep 300 calls back on the dance floor! https://t.co/sroLcAFmGZ
$FDX up 15% after quarterly earnings report $UPS
$FDX on fire, up almost 16% and trading at the highest since 2021. https://t.co/JEoRXVFvKN
My gut was right lol $fdx https://t.co/PMdN9Tjl4f
Shares of Fedex jump as 2025 guidance lowers capex, highlights cost savings https://t.co/0gr0GAgDk3
Maybe those $FDX September $300 calls were onto something...
$FDX +9% kaboom! Earnings ripper and the bull flows nailed it lately
$FDX nearly a 3-month high AH https://t.co/Pq1UbRykoc
$PAYX #earnings before open Wed, the expectation from the WhisperNumber community is $1.11, 1c ahead of analyst estimates. Earnings came in $0.01 short of the whisper last quarter. 47% beat rate. Implied movement +/-5.0%. https://t.co/XDYnQl86CK #options #trades $PAYC $DAY https://t.co/bnb7Q9JSOP
FWIW $FDX reports after the bell tonight. May play a roll in $UPS if you own it. I don't own either stock at this time. Might in After hours.
$FDX FedEx, another economic bellwether reporting after the close after bad news from $WMT today
Micron $MU June weekly 139 straddle priced for a move of 14% into the expected release of quarter results after the bell with a focus on 2K contracts of September 250 calls trading at 88c.
$MU reports after the close tomorrow. Markets are pricing in a $16 move
$FDX reports after the close markets are pricing in a $18 move
$PRGS #earnings after close, the expectation from the WhisperNumber community is $1.05, 10c ahead of analyst estimates. Earnings came in $0.03 ahead of the whisper last quarter. 62% beat rate. Implied movement +/-7.6%. https://t.co/XDYnQl86CK #options #trades $APPN $SWI https://t.co/51KlJYLnwd
$FDX #earnings after close, the expectation from the WhisperNumber community is $5.40, 4c ahead of analyst estimates. Earnings came in $0.25 ahead of the whisper last quarter. 62% beat rate. Implied movement +/-6.7%. https://t.co/pqv0j4vzH0 #options #trades $EXPD $ZTO https://t.co/VgVlDgSHFk
FedEx $FDX June weekly 256 straddle priced for a move of 7.5% into the expected release of quarter results today after the bell with a focus on July 5 weekly 280 and 300 calls.
$MU Earnings tomorrow. Big for the semiβs and AI space. Implied is about 16.5pts or about 12% move either way. Letβs poll. What you think will happen tomorrow after hrs?
$MU going green, reports tomorrow PM so should be a key one for Semi sector this week, likely good they all pulled back and took a breather after OPEX last week Earnings trade idea is posted for members on the site
A nascent rally in transportation stocks will face a crucial test on Tuesday when parcel carrier FedEx reports quarterly results that will shed light on the strength of the US economy and consumer. https://t.co/6d4fDevDXZ
JPMorgan says Micron $MU stock could peak near $200 https://t.co/Nj8Oe7ocNU https://t.co/1WGg81RCCY
Perhaps $MU Micron reporting earnings after the close Wednesday leads to an EOQ semis rally after the horrific hate-selling since last Thursday's all time high print in the $NDX $QQQ Then again, what if the collective doesn't "like" the report? Back to EOM May "rhyme"? https://t.co/pynF3M5gz6
FedEx Earnings Will Give Early Glimpse of 2025 Outlook https://t.co/DDWzkdSLZP
$MU Numerous analysts upgrades ahead of the qtrly release: 1. Baird $150 to $172 2. Citi "Top Pick" $150 to $175 3. UBS reiterates buy $155 https://t.co/pMUruKN3fV adds to Top Ideas List $170.π’ Earnings on this Wednesday. Bullish with call option $160. https://t.co/9dweAdQIXj
FedEx $FDX June weekly 97 straddle priced for a move of 7.5% into the expected release of quarter results after the bell on June 25.