Closing Bell: FedEx's Outlook Disappoints, Carnival Cruise Soars, Tesla Slides
Jun 24, 2025
FedEx's disappointing profit forecast signals ongoing challenges as consumer demand remains shaky due to tariffs. Meanwhile, Carnival Cruise's stock soared after raising its profit outlook, defying economic volatility. The market shows mixed results, with technology and financial sectors gaining traction, while Tesla faces declines. Insights into inflation and tariffs from Fed officials add depth to the discussion, highlighting the complex landscape of today's economy.
07:05
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Strong Cruise Demand Boosts Sector
Carnival raised its full-year profit outlook due to strong cruise demand despite economic and geopolitical uncertainty.
This optimism lifted peers Royal Caribbean, Norwegian Cruise Line, and Viking Holdings by over 4.3%.
insights INSIGHT
AMD's AI Edge Spurs Stock Gain
AMD's stock surged 7% following analyst Ben Reitzes upgrading it to a buy with an increased price target.
This reflects strong investor confidence in AMD's AI chip and computing progress.
insights INSIGHT
Uber Expands Driverless Ride Market
Uber began offering driverless Waymo rides in Atlanta, expanding its autonomous vehicle market beyond Austin.
Uber and Waymo collaborate rather than compete, enhancing ride-sharing innovation.
Get the Snipd Podcast app to discover more snips from this episode
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Alix Steel, Carol Massar and Tim Stenovec.
- FedEx (FDX) forecast a worse-than-expected profit for the current quarter in a sign that soft demand from consumers and businesses rattled by tariffs is unlikely to improve in the near term. Adjusted earnings in its fiscal first quarter will be $3.40 to $4 a share, the company said Tuesday in a statement. The range fell below the $4.03 average of analyst estimates compiled by Bloomberg. Although it typically provides a full-year forecast, FedEx said it would only share its outlook for the current quarter due to the “uncertain global demand environment.” The forecast reflects FedEx’s current economic outlook and assumes no further negative developments in the global trade, economic and geopolitical environment, the company said.
- Carnival (CCL) shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop.Its stock surged by as much as 10%, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose by more than 4.3%.Earnings will be around $1.97 per share this year, the company said in a statement Tuesday morning, up from its previous view of $1.83 per share. Analysts had expected $1.85 per share. The cruise operator also hiked its targets in March after a strong start saw impressive booking growth with record pricing.
- Tesla (TSLA) shares were lower today after investors learned its self-driving taxis were having some issues. Tesla Robotaxis appeared to violate traffic laws during the company’s first day offering paid rides, with one customer capturing footage of a left turn gone wrong and others traveling in cars that exceeded posted speed limits. The US National Highway Traffic Safety Administration is aware of the incidents and is in contact with the company to gather additional information, the agency said in a statement to Bloomberg.
Stock Movers