🕯 Most Volatile Stocks / 20.09.2024
⏺FedEx shares had their worst day in about two years after earnings came in lower than Wall Street expected. Shares of the transportation stock tumbled more than 15% in Friday’s session. Friday’s slide came after FedEx reported first-quarter earnings of $3.60 per share, excluding items, on $21.58 billion in revenue. Analysts polled by LSEG forecasted $4.76 a share and $21.93 billion. Shares are now up just over 2% for 2024, notably underperforming the broader market.
💲FDX💲
Current price - $254.64
YTD Perf - up 0.66%
Wall Street Target Price - 323.31
Buy/Hold/Sell - 20/9/1
⏺Nike shares jumped 5.8% after company announced that its CEO, John Donahoe, is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant. Donahoe, who has been Nike’s CEO since January 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January.
💲NKE💲
Current price - $86.52
YTD Perf - down 20.31%
Wall Street Target Price - 91.47
Buy/Hold/Sell - 19/18/2
⏺Constellation Energy added more than 22% after it published plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence. Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by the Nuclear Regulatory Commission, the company announced Friday. Constellation also plans to apply to extend the plant’s operations to at least 2054.
💲CEG💲
Current price - $254.98
YTD Perf - up 118.14%
Wall Street Target Price - 221.85
Buy/Hold/Sell - 12/6/0
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⏺FedEx shares had their worst day in about two years after earnings came in lower than Wall Street expected. Shares of the transportation stock tumbled more than 15% in Friday’s session. Friday’s slide came after FedEx reported first-quarter earnings of $3.60 per share, excluding items, on $21.58 billion in revenue. Analysts polled by LSEG forecasted $4.76 a share and $21.93 billion. Shares are now up just over 2% for 2024, notably underperforming the broader market.
💲FDX💲
Current price - $254.64
YTD Perf - up 0.66%
Wall Street Target Price - 323.31
Buy/Hold/Sell - 20/9/1
⏺Nike shares jumped 5.8% after company announced that its CEO, John Donahoe, is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant. Donahoe, who has been Nike’s CEO since January 2020, will retire from his position on Oct. 13. Hill is slated to take over on the following day. Donahoe will stay on as an advisor through the end of January.
💲NKE💲
Current price - $86.52
YTD Perf - down 20.31%
Wall Street Target Price - 91.47
Buy/Hold/Sell - 19/18/2
⏺Constellation Energy added more than 22% after it published plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence. Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by the Nuclear Regulatory Commission, the company announced Friday. Constellation also plans to apply to extend the plant’s operations to at least 2054.
💲CEG💲
Current price - $254.98
YTD Perf - up 118.14%
Wall Street Target Price - 221.85
Buy/Hold/Sell - 12/6/0
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