FDX, LEN Earnings Paint Mixed Picture, GOOGL Price Target Hike

FedEx Performance - FedEx reported a quarterly performance that beat expectations, with adjusted earnings of $3.83 per share and revenue exceeding $22 billion [3][4] - The company anticipates a revenue growth of 4% to 6% in 2026, which is higher than Wall Street's expectations of just over 1% [4] - FedEx is facing a projected $1 billion impact from tariffs, but investors are optimistic about the company's resilience despite global trade uncertainties [2][4] FedEx Business Developments - FedEx is planning to spin off its freight business into a new publicly traded company, expected to be completed in about nine months from June of next year [5] - The company has seen a 6% increase in average daily volumes in the U.S. [4] Home Builders Industry - The home builders sector is facing challenges, with LAR reporting a double miss and a decline in revenue of 6% [7][8] - Home builders are experiencing weaker margins, with gross margins dropping from over 20% a year ago to the teens [9] - The housing market is stagnant due to high mortgage rates and economic uncertainty, with expectations for improvement only gradually materializing [10][11] Alphabet Google Performance - Alphabet Google has seen significant stock growth, rising from $83 three years ago to $252 currently [12][13] - Analysts are optimistic about Alphabet Google, with Citizens JMP raising their price target to $290, citing strong performance and AI integration [13][14] - The company is leveraging its established ad business and AI capabilities, with its Gemini app outperforming ChatGPT in downloads [15][16]