On this episode of Stock Movers:
- UnitedHealth Group (UNH) is lower this morning after it suspended its 2025 outlook, citing higher-than-expected medical costs for new Medicare Advantage beneficiaries, and expects to return to growth in 2026. The company also named Stephen Hemsley as its new CEO, replacing Andrew Witty, effective immediately.
- Amazon (AMZN) is higher this morning after reaching a multiyear agreement with FedEx to deliver large packages for the online retailer, renewing a relationship between the two companies that ended in 2019. The deal follows plans announced in January by UPS to reduce by half the number of packages it delivers for Amazon by the end of 2026.
- FedEx (FDX) is also trending upward this morning after on the Amazon-FedEx news.
- Hertz (HTZ) fell in US premarket trading after the rental company reported a larger-than-expected loss in the first quarter. The 1Q earnings are a miss with Ebitda loss being higher than expected, write Barclays analysts Dan Levy and Josh Cho.
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