Cerebras and FedEx Dip; Wendy's CFO Change; Micron Up Ahead Earnings

Micron Rises, Take Two Mixed, FedEx Slips After Warning on Inflation, Trade Turmoil

On this episode of Stock Movers: - Micron (MU) shares rise on Wednesday ahead of the semiconductor company’s fiscal third-quarter earnings report. Wall Street maintains high expectations for the memory manufacturer, with analysts tracking consensus projections for fiscal third-quarter earnings at $20.76 per share. - Take Two Interactive Software (TTWO) will sell the standard version of Grand Theft Auto VI at $80. Grand Theft Auto VI will be out Nov. 19 and pre-sale orders open on Thursday, with a predecessor that has sold more than 230 million copies. Rockstar will also offer a $100 package called the Grand Theft Auto VI: Ultimate Edition that includes the game and exclusive premium content. - FedEx (FDX) shares slip. FedEx Corp. reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Sunrun Rises, Hertz Tumbles, Wendy's Soars as Post Rallies Memers Around Burger Chain

On this episode of Stock Movers: -Sunrun (RUN) shares rise after the company announced an agreement with Tesla and Renew Home. It will deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities. -Hertz (HTZ) shares tumbled the most in two years after the car renter warned profit this quarter is trending toward the low end of its expectations and announced offerings of shares and notes. -Wendy's (WEN) shares surged as much as 42% on Wednesday, triggering a volatility halt, with no news announcement behind the jump. A post on Reddit Inc.'s WallStreetBets, which was later removed, implored its members to "save Wendy's before it's too late." See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Cerebras and FedEx Dip; Hertz Tumbles

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet. - Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won’t receive any proceeds from the sale of borrowed shares. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Cerebras and FedEx Dip; Wendy's CFO Change; Micron Up Ahead Earnings

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet. - Wendy's (WEN) is rising after it appointed Steve Cirulis as chief financial officer and chief strategy officer, replacing CFO Ken Cook effective June 23. - Micron (MU) is up ahead of a key earnings report after today's closing bell. The earnings will be a big test for the AI trade and memory stocks. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

TKMS Rises, Segro's No, Trainline Falls

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Rheinmetall falls as much as 11% and TKMS shares rise as much as 9.5%. Germany was said to have shelved the purchase of six F126 anti-submarine warships from Rheinmetall, instead buying eight Meko-200 frigates from TKMS, according to people familiar. - Prologis made a £12.6 billion ($16.6 billion) bid to acquire Segro in a major bet on UK data centers, but the London-based company rebuffed what could’ve been the biggest deal for a publicly traded European property firm. - Trainline shares fall as much as 5.4%, the most in a month, as analysts at JPMorgan reiterated their underweight stance despite the company’s appointment of a new CEO, former Flutter UK & Ireland boss Ian Brown. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.