Jim Cramer Flags Volatile Friday, FedEx Rises 9%
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- Stock futures are down as oil rises; major averages set for a fourth losing week, with the S&P 500 down 0.4%, Dow down 1.2% and Nasdaq down 0.1%, and Friday’s quadruple witching could add volatility.
- Dell rose about 4% after Super Micro Computer shares fell more than 26% when U.S. prosecutors charged employees with smuggling Nvidia chips to China.
- FedEx shares jumped 9% as its restructuring revealed stronger earnings power, lower unloading costs, on‑time freight spinoff, and solid pharma and data‑center businesses.
- Mizuho upgraded Chipotle from hold to buy, lifted its price target by a few dollars and cited strong channel checks, traffic, comp upside and an overly pessimistic valuation.
- Planet Labs surged 15% on better‑than‑expected Q4 results, prompting Needham to raise its price target to $40 from $35.
Why it matters: Investors see FedEx’s 9% jump as a rare earnings surprise that could boost the logistics sector, while Dell’s modest 4% rise contrasts with Super Micro’s 26% plunge, highlighting how the chip‑smuggling scandal reshapes tech stock dynamics. The quadruple witching event adds further volatility, making short‑term trades riskier for day traders.
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