Micron Technology, Nike, FedEx And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from
Multiple stocks experienced significant pre-market declines, including Micron Technology, FedEx, and Nike. Despite some companies beating earnings estimates, market sentiment remains cautious. Micron reported strong Q2 results but saw stock price drop, while FedEx and Nike also experienced pre-market declines.
March 21, 2025 | 12:45 pm
News sentiment analysis
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NEGATIVE IMPACT
FedEx reported weaker-than-expected Q3 earnings and projected fiscal 2025 revenue to be flat to slightly down, causing pre-market stock decline.
Weak quarterly performance and conservative revenue guidance suggest potential near-term stock price pressure for FedEx.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Despite beating Q2 revenue and earnings estimates and providing positive Q3 guidance, Micron's stock fell 2.6% in pre-market trading.
Positive financial results not enough to prevent pre-market stock decline, indicating potential market skepticism about future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
NEGATIVE IMPACT
Nike reported better-than-expected Q3 revenue of $11.27 billion, but still experienced a 5.6% pre-market stock decline.
Positive financial performance not sufficient to prevent stock price decline, suggesting broader market concerns about retail sector.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85