FedEx earnings, Klaviyo upgrade, Netskope IPO: Trending Tickers

In this video:

Morning Brief host Julie Hyman tracks several of the day's top trending stock tickers, including FedEx (FDX) warning of a $1 billion profit hit from trade volatility, Klaviyo (KVYO) receiving an upgrade from Morgan Stanley, and Netskope's (NTSK) stock moves since its public launch via an IPO on Thursday.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief.

00:03 Speaker A

Now time for some of today's top trending tickers. We are watching FedEx, Klaviyo and Netskope. First up, we have FedEx. The company beat on the top and bottom lines in its latest earnings report.

00:15 Speaker A

Still, it's warning of a billion dollar uh impact from President Trump's trade war. FedEx's CEO says that despite significant volatility and trade headwinds, the results highlight the company's resilience. FedEx said the majority of its hurdles in the first quarter were due to the loss of the de minimis exemption.

00:30 Speaker A

The courier had previously withheld a full-year outlook, citing an inability to predict how demand would be shaped by Trump's tariff policies. Its forecast assumes no further negative developments in global trade dynamics. This shares were up more sharply after the results, now only gaining uh less than a percent.

00:47 Speaker A

Next up, Klaviyo, the e-marketing company getting an upgrade over at Morgan Stanley, analysts at the firm raising it to overweight from equal weight. They cite an attractive entry point and positive growth outlook. Analyst Elizabeth Porter says, uh also adding that the stock is trading on a discount to peers and that conservative earnings forecast position the firm for estimate revisions.

01:05 Speaker A

And finally, Net Scope. Shares extending gains after the cybersecurity firm jumped 18% in its trading debut yesterday. Net Scope's IPO drew demand for more than 23 times the available shares, according to Bloomberg. CEO Sanjay Berry says the strong demand reflects how the company is modernizing both networking and security for the cloud and AI era. NetScope raised $908 million in its IPO. Its market value now around $8 billion bucks.

01:30 Speaker A

You can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page.