Microsoft (MSFT) - Shares were downgraded to Sell by analysts at Guggenheim Tuesday morning. The downgrade came ahead of Microsoft's Q2 earnings report on Tuesday of next
https://www.businessinsider.com/fedex-slashing-more-sunday-deliveries-cost-cutting-2023-1
FedEx is cutting about $3.7 billion in costs to cover falling demand and operational inefficiencies.
The company
FedEx's (NYSE:FDX) short percent of float has fallen 13.82% since its last report. The company recently reported that it has 4.35 million shares sold short, which is 1.87% of all regular shares that are available for trading.
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There's no question that 2022 was a disaster for tech stock investors. The Technology Select Sector SPDR Fund (NYSE: XLK) is on track to finish the year down more than 28% but investors are looking ahead to 2023 in hopes that the new year will provide a fresh batch of tech stock catalysts.