Stock Movers: Applied Digital, MP Materials Soar While FedEx Dips

Applied Digital's Significant Gains

• 🚀 Applied Digital (APLD) shares closed 16% higher, marking a 30% gain for the week and a 370% increase year-to-date.
• 💡 The company secured more funding and lease agreements for its data center projects, with first-quarter revenue exceeding expectations.
• 🧠 APLD is highlighted as a hot AI infrastructure name, benefiting from its deal with Core Weave.

FedEx Faces Sector Headwinds

• 📉 FedEx (FDX) experienced a 5% drop today and an 8% decline for the week, impacted by tariff headlines and a JP Morgan downgrade.
• 📊 JP Morgan cited a perception of weakened price discipline among less-than-truckload carriers as justification for lower multiples.
• ⚠️ The stock is down 20% year-to-date, with reduced operating profits largely due to lower shipments from China to the US.

MP Materials Benefits from China Tariffs

• 📈 MP Materials (MP) saw a significant jump, rising 10% today and nearly 10% on the week.
• ⚡ The stock has been a major winner as investors seek rare earth mineral companies amid potential US tariffs on China.
• 💰 The US Department of Defense's $400 million equity investment in MP Materials has contributed to its over 400% gain this year.