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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, “As we close out the fiscal… https://t.co/TFV5d3a7Uj