FedEx, Micron Earnings and PCE Data Set to Shape Markets This Week

BeInCrypto2026/06/22 02:42

By:BeInCrypto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Three catalysts are converging this week that could shift sentiment across equities, chips, and the inflation outlook. FedEx earnings, Microns fiscal Q3 results, and the May Personal Consumption Expenditures price index are all due in the coming days. The combination arrives at a tense moment for markets still digesting the Iran wars economic fallout and reassessing when the Federal Reserve might next move on interest rates. FedEx Breaks New Ground Tuesday FedEx (FDX) reports fiscal fourth-quarter results Tuesday, June 23. The print marks the companys first as a pure-play logistics and parcel firm following the June 1 spinoff of FedEx Freight. A calendar shift to a December fiscal year adds another layer of complexity, making year-over-year comparisons difficult. Analysts expect revenue for the quarter to reach $24.04 billion, up 8.8% from a year earlier, while full-year earnings per share are projected at $19.78, up 8.7% from fiscal 2025. Micron Carries the AI Trade Wednesday Micron Technology (MU) reports fiscal Q3 results Wednesday, June 24. After a roughly 280% gain in 2026 built almost entirely on the high-bandwidth memory that feeds AI accelerators, the print is the single clearest test of whether that boom is a durable, structural shift or another memory cycle that has run ahead of itself. Micron has shown impressive growth year-to-date. Image Source: Trading View Analysts at Deutsche Bank and TD Cowen both raised price targets to $1,500 ahead of the Micron earnings results, citing AI demand outrunning supply through 2028. Key customers remain able to secure only between 50% and two-thirds of their bit demand requirements, with no expectation of supply catching up in the near term. PCE Data Thursday Tests the Oil Relief Narrative The Federal Reserves preferred inflation gauge, the PCE price index for May, drops Thursday, June 25. Research from the Federal Reserve Bank of Dallas estimates the Iran war pushed headline PCE inflation up 1.7 percentage points at an annualized rate in the first quarter of 2026, with effects expected to remain elevated through the third quarter. However, WTI crude settling near $76 a barrel last week, down sharply from above $90 throughout May, could provide meaningful relief in the months ahead. Whether the chipflation risk from rising AI memory costs offsets some of that energy-driven easing remains an open question heading into the data.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47