FedEx, Winnebago fall premarket; Tesla, Spotify rise

Investing.com -- Stocks in focus in premarket trade on Wednesday, June 21st. Please refresh for updates.

  • FedEx (NYSE:FDX) stock fell 2.2% after the delivery giant issued a profit warning, saying ongoing "demand challenges" prompted its plans to ground 29 more aircraft in the fiscal year that started on June 1.

  • Winnebago Industries (NYSE:WGO) stock fell 4.9% after the recreational vehicle manufacturer reported a big revenue miss in its quarterly earnings following a drop in volumes and higher discounts.

  • Tesla (NASDAQ:TSLA) stock rose 1.2% after CEO Elon Musk stated the EV manufacturer is likely to make a significant investment in India after meeting with Narendra Modi during the Indian Prime Minister’s U.S. visit.

  • Spotify (NYSE:SPOT) stock rose 2% after Wolfe Research upgraded its stance on the audio streaming service to ‘outperform’ from ‘peer perform’, saying it can rally more than 20% citing ad revenue growth.

  • Li Auto (NASDAQ:LI) stock rose 4%, Nio (NYSE:NIO) rose 2.5%, and Xpeng (NYSE:XPEV) added 2.7% after China unveiled substantial tax breaks to boost sales of EVs and other green cars over the next four years.

  • Coinbase (NASDAQ:COIN) stock rose 3.2% with the cryptocurrency exchange benefiting after Bitcoin, the most widely used digital currency, hit its highest level in six weeks.

  • UBS (NYSE:UBS) stock rose 0.8% after Reuters reported that the Swiss banking giant will start cutting Asia investment banking jobs at Credit Suisse next month, moving towards integrating businesses.

  • Adobe (NASDAQ:ADBE) stock rose 1.5% after BMO Capital upgraded the enterprise software maker to ‘outperform’ from ‘market perform’, saying demand for artificial intelligence should boost spending.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: