Investing
Midday movers: Dollar Tree, Amazon.com, FedEx and more
© Reuters.
Investing.com — Stocks are wobbling after Federal Reserve Chair Jerome Powell said the central bank’s work to cool inflation is not yet completed. Here are the market movers for June 21.
- Dollar Tree Inc (NASDAQ:) shares are up 5% after the discount retailer reiterated its second-quarter guidance and kept its full-year outlook. It expects second-quarter earnings per share in the range of 79 cents to 89 cents.
- Amazon.com Inc (NASDAQ:) shares dipped 0.6% after the Federal Trade Commission sued it over its Prime subscription offering, saying it misled customers into signing up for it and made it difficult to cancel.
- FedEx Corporation (NYSE:) shares fell 1.6% after the logistics giant beat expectations in the but said it sees sales growing flat to low single digits in fiscal 2024.
- Winnebago Industries Inc (NYSE:) shares fell 3.2% after the recreational vehicle maker said sales dropped 38% as discounts and lower demand drove results.
- La-Z-Boy Incorporated (NYSE:) shares fell 0.2% after the furniture maker said it expects first-quarter sales of $470 million to $490M, which is below expectations.
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