Stock Movers: Carnival's Profit Boost, Uber's Autonomous Partnership, and FedEx's Outlook

Carnival Corporation's Strong Performance

• 🚢 Carnival Corporation (CCL) saw its shares surge by nearly 7% after raising its full-year profit outlook, driven by strong cruise demand.
• 💰 The company now expects earnings of $1.97 per share, up from $1.83, with analysts anticipating $1.85.
• 📈 This positive outlook is attributed to strong booking growth, record pricing, and the upcoming opening of its new private Bahamian island.

Decline in US Defense Stocks

• ⚠️ US defense stocks experienced a broad decline, with companies like Northrop Grumman, Lockheed, and RTX Corporation falling.
• 🕊️ This downturn is linked to a perceived cooling of tensions in the Middle East, following a recent run-up in these stocks due to escalating regional conflicts.

Uber's Autonomous Vehicle Expansion and Lime's IPO Preparations

• 🚗 Uber (UBER) shares rose approximately 7.5% following the announcement of a partnership with Alphabet's Waymo to offer autonomous ride-sharing in Atlanta.
• 🚲 Additionally, Uber-backed electric bike startup Lime is reportedly preparing for a US initial public offering.
• 🚀 Uber has been a significant outperformer year-to-date, with its stock up nearly 52% in 2025.

FedEx Misses Profit Estimates

• 📉 FedEx (FDX) shares fell about 4.6% in after-hours trading after forecasting lower-than-expected profits for the current quarter.
• 🌍 The company cited an uncertain global demand environment and will provide only a quarterly outlook, not a full-year forecast.
• 📊 This comes on a day when the broader market, including the NASDAQ 100, saw significant gains.