Stock Movers FedEx Tariff Concern; Quantumscape Battery Leap; Coinbase Jumps
Jun 25, 2025
FedEx faces a steep decline as it warns of profit troubles due to tariffs, leading to a 6% drop in shares. Meanwhile, Quantumscape celebrates a breakthrough in solid-state battery technology, sending its stock soaring. Coinbase also sees momentum, boosted by a significant price target increase to $510 from Bernstein. BlackBerry's resurgence adds a positive note, with analysts optimistic about its revenue forecast. The competitive landscape, especially against giants like Amazon, continues to evolve.
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FedEx Hit by Trade War Tariffs
- FedEx expects a $170 million quarterly hit from tariff changes impacting US-China shipments.
- The company did not give full-year guidance due to uncertain global demand from the trade war.
Amazon's Growing Challenge to FedEx
- FedEx faces intensified competition from Amazon, which has expanded its delivery fleet.
- Transportation and wage expenses are additional cost pressures on FedEx.
BlackBerry's Turnaround to Security
- BlackBerry shifted from phones to security software and improved its revenue forecast.
- The company swung to profitability with better-than-expected revenues in Q1.