Stock Movers: Coinbase Upgrade, FedEx Warning, General Mills Sales Drop

Coinbase Stock Performance

• 🚀 Coinbase received an upgrade from analyst Seth Bernstein, with a new price target of $510, representing a 48% potential rally from the previous close.
• 💡 Analysts project Coinbase's revenue to more than double by 2027, driven by strong trading and non-trading revenue streams like staking and stablecoins.
• 📈 The company is considered the most misunderstood in the crypto investment universe, with shares already up 40% this month due to positive legislative developments for stablecoins.

FedEx Economic Indicator

• ⚠️ FedEx issued a warning that its quarterly profit would be worse than expected and declined to provide further annual guidance.
• 📉 This warning underscores the significant impact of trade wars and a softening global demand environment, with US-China shipments deteriorating sharply.
• 📊 Both FedEx and UPS have seen significant year-to-date stock declines, suggesting broader economic headwinds despite the S&P 500's general strength.

General Mills Sales Challenges

• 📉 General Mills shares fell after reporting a larger-than-expected drop in 4Q organic sales, particularly in its North America Retail segment.
• 💰 The company projects a steeper decline in annual adjusted EPS than consensus estimates, citing continued value-seeking consumer behavior and weaker sentiment.
• 🗣️ CEO Jeff Harmening noted that full-year sales trends did not meet expectations, with tariffs expected to impact the cost of goods by 1% to 2%.