Superstock Investor
Morning Briefing

Friday, June 24, 2022

Market Matters:

S&P 500 Higher By 0.69%

Overnight Summary: The S&P 500 closed Thursday at 3795.73 (higher by 0.95%) from 3759.89 (lower by -0.13%)on Wednesday.  Futures are trading higher in the premarket session. The overnight high of 3834 was hit at 1:50 a.m. EDT. The low was hit at 3781 at 8:05 p.m. EDT, a range of 53 points high to low which is a bit above the range of late with 45 the average range. At 7:20 a.m. EDT the current price is 3829 which is 0.77% and +29.25 points.

Earnings Out After The Close:

Capital Raises:

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

What’s Happening This MorningFutures value reflects the change with fair value.

S&P 500 +28Dow Jones +208NASDAQ +97, and Russell 2000 +13. Europe higher and Asia higher as well.  VIX Futures are at 28.46 from 28.75 yesterday morning and the VIX closed at 29.05 from 28.95 yesterday. Gold, Silver and Copper lower. WTI Crude Oil  and Brent Oil Futures higher and Natural Gas higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury sees yields at 3.12% from 3.13% yesterday morning. Bitcoin is at $21,159 from $20,661.25 yesterday morning and is higher by 1.93% this morning. As of 8:07 a.m. EDT.

Sector Action – 06/23/22 Close (1/3/6/12/YTD Updated Weekly with Monday release):   

All indexes ended in the green led by NASDAQ at 1.62%.  UNG was down 8.06% and TLT continued it’s rise by 0.82%.  Updated 06/23/22 close.

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Earnings of Note This Morning:

Guidance:

Erlanger Research Advance/Decline Chart: Updated through 06/23/22 close.

Gap Ups & Down In Early Pre-Market:

Insider ActionEVA sees Insider buying with dumb short selling. OII Insider buying with smart short sellers. 06/23/22 close.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

Moving Average Update:

Geopolitical: 

Economic: 

Federal Reserve / Treasury Speakers:

M&A Activity:

Meeting & Conferences of Note:

Top Tier Sell-side Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting it to make the reader aware of market moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Today’s Upgrades and Downgrades:

Previous Day’s Upgrades and Downgrades:

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Today's Superstock Investor Stock Scorecard:

FedEx Corporation (FDX)
by Superstock Investor


 

FedEx(FDX) rallied in the aftermarket by 3.4% as it beat estimates and issued upbeat guidance. The overnight price is $234.25.

Company Information

Company: FedEx Corporation
Sector: Transportation
Industry: Air Freight & Logistics
Market Cap:  $67,310,000,000

Targets

  Price %Gain  
Current Price $244.78    
Price Target $192.51 -0.2%  
Upper Bound $240.64 0.0%  
Lower Bound $144.38 -0.4%  

Stock data last updated 01/28/2022.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

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