Midday movers: Dollar Tree, Amazon.com, FedEx and more
Investing.com -- Stocks are wobbling after Federal Reserve Chair Jerome Powell said the central bank's work to cool inflation is not yet completed. Here are the market movers for June 21.
Dollar Tree Inc (NASDAQ:DLTR) shares are up 5% after the discount retailer reiterated its second-quarter guidance and kept its full-year outlook. It expects second-quarter earnings per share in the range of 79 cents to 89 cents. Amazon.com Inc (NASDAQ:AMZN) shares dipped 0.6% after the Federal Trade Commission sued it over its Prime subscription offering, saying it misled customers into signing up for it and made it difficult to cancel. FedEx Corporation (NYSE:FDX) shares fell 1.6% after the logistics giant beat expectations in the fourth quarter but said it sees sales growing flat to low single digits in fiscal 2024. Winnebago Industries Inc (NYSE:WGO) shares fell 3.2% after the recreational vehicle maker said third-quarter sales dropped 38% as discounts and lower demand drove results. La-Z-Boy Incorporated (NYSE:LZB) shares fell 0.2% after the furniture maker said it expects first-quarter sales of $470 million to $490M, which is below expectations.
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