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Weekly Roundup: Applied Digital & MP Materials Soar, FedEd Dips
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Manage episode 512911410 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners:
- Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
- MP Materials (MP) rose almost 10% after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.
See omnystudio.com/listener for privacy information.
1022 episodes
MP3•Episode home
Manage episode 512911410 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners:
- Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among less-than-truckload carriers justifies lower multiples across that group of companies.
- MP Materials (MP) rose almost 10% after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.
See omnystudio.com/listener for privacy information.
1022 episodes
All episodes
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