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Max Knoblauch7/29/25

Electronic Arts dips after better-than-expected earnings but a disappointing sales outlook

Video game juggernaut Electronic Arts reported results after the bell on Tuesday for its fiscal first quarter ending in June, and the publisher delivered a strong Q1.

The maker of franchises like Madden NFL, College Football, and Sports FC (formerly FIFA) posted earnings per share of $0.79, exceeding analyst expectations of $0.11.

EA’s net bookings were $1.29 billion, up from $1.26 billion last year. The company’s internal projections pinned bookings for the quarter at between $1.18 billion and $1.28 billion, while Wall Street expected $1.25 billion.

EA noted better-than-expected performance from its EA Sports catalog and its live service game, “Apex Legends.”

The publisher said it expects net bookings of between $1.8 billion and $1.9 billion in its current quarter ending in September. Analysts polled by FactSet expected sales of $2.01 billion. EA forecasts full-year net bookings of between $7.6 billion and $8 billion, also below analysts’ consensus. EA shares were down about 1.5% in after-hours trading.

Despite EA’s most intimidating competitor, Take-Two’s “Grand Theft Auto 6,” being delayed out of its 2026 fiscal year, the publisher’s shares have flailed this year. The stock is up just 1.3% year to date as of Tuesday’s close, lagging the S&P 500.

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Retail traders’ favorite stocks are on a record winning streak

Relatively speculative small cap stocks, many of which are beloved by retail traders, are basking in the glow of the renewed Federal Reserve rate cuts.

A Goldman Sachs basket of stocks widely held by the retail community is going straight up and to the right, poised for a record tenth straight day of gains. It’s up 13% over this stretch.

Fed rate cuts provide a more supportive financing environment for smaller firms, and as such, a lower risk of default.

Quantum computing companies Rigetti Computing and D-Wave Quantum, which are both constituents in the aforementioned basket, are up big on Friday on little news. However, there is one report from Cyberscoop that the US government “is considering a broader set of actions related to quantum computing, both to improve the nation’s capacity to defend against future quantum-enabled hacks,” which may be spurring some buying activity.

On Thursday, Rigetti and IonQ announced fresh initiatives with the government.

Also enjoying big gains are classic meme-stock AMC Networks and SoundHound AI, two stocks not in Goldman’s group but who also often receive a ton of retail attention.

For AMC at least, there’s a more fundamental catalyst at play: the theater chain announced that it’ll be hosting release parties for the upcoming Taylor Swift album, “The Life of a Showgirl.”

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Nia Warfield46m

FedEx pops after delivering Q1 earnings beat and receiving price target boost

FedEx shares rose Friday after the courier giant delivered better-than-expected fiscal Q1 results.

The company posted adjusted earnings of $3.83 a share, topping Wall Street’s $3.61 call. Revenue hit $22.2 billion, also ahead of forecasts, thanks to strong US delivery volumes, even as tariff pressures weighed on its international business.

Looking ahead, FedEx gave a full-year outlook calling for 4% to 6% sales growth and adjusted EPS between $17.20 and $19. That stacks up against Street expectations of 3.3% sales growth and EPS of $18.34. The company also reiterated plans to spin off its freight arm by mid-2026.

The stock got a price-target boost from TD Cowen, which inched its estimate up to $271 from $269 while keeping a “buy” rating.

Even with Friday’s pop, FedEx shares are still down about 17% this year.

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Micron’s record-setting winning streak ends with a thud

Gravity has come for Micron.

The memory chipmaking specialist has been on an unreal run, rising for a record 12 consecutive sessions before Friday’s plunge.

The stock had been buoyed by the continued drumbeat of positive news regarding the expansion of AI data centers, rising more than 40% during its streak of up days. Its winning streak had pushed shares above Wall Street analysts’ average price target.

The company reports earnings next week.

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Opendoor says Christy Schwartz to serve as interim CFO as Selim Freiha exits

In a filing published Friday morning, Opendoor Technologies said that CFO Selim Freiha would be leaving the company effective today, with Christy Schwartz stepping in to serve as interim CFO, effective September 30, 2025.

Schwartz had previously been the company’s chief accounting officer, and also had a prior stint as interim CFO. She’ll be in this role until May 15, 2026, or 30 days after the online real estate company selects a candidate to fill the position permanently.

Management changes have been a key catalyst for Opendoor, with shares jumping after former CEO Carrie Wheeler resigned before proceeding to get a massive boost from the addition of cofounders Keith Rabois and Eric Wu to the board of directors, with former Shopify COO Kaz Nejatian tapped to serve as CEO.

Scott Findlay (R) and the author, pictured at the Independent Investor Summit in New York City on September 12, 2025.

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