Shares of This Company Are Tumbling – And it’s Not in Big Tech. 9/16/22

Shares of FedEx are tumbling after the company missed forecasts and pulled its guidance for the fiscal year. Deutsche Bank’s Amit Mehrotra gives his thoughts on the company’s outlook. Plus, the real estate sector is off more than 22% from its most recent 52-week high back in December. Piper Sandler’s Alexander Goldfarb breaks down which names have been hit the hardest. And, the new iPhone 14 hits stores today, just days after the hotter-than-expected August CPI print. Big Technology’s Alex Kantrowitz weighs in on the consumer backdrop. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.