FedEx's Freight Spin-Off Update

And, Lennar's "continued pressures."

September 19, 2025

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Today is Friday, September 19, 2025.

The Early Bird Index today is 93.47.

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FedEx's Freight Spin-Off Update

FedEx $FDX ( ▲ 0.32% ) jumped 5.48% in after-hours trading on Thursday after posting better-than-expected financial earnings results and providing an update on its upcoming spin-off.

Financials: FedEx reported earnings of $3.83 per share in the past quarter and revenue of $22.2 billion. Both were better than expected.

Also: The company anticipates revenue growing 4% to 6% over the next year. It also boosted its stock price by completing a $500 million stock buyback in the past quarter.

Powering the Story: On Thursday, FedEx also said it was on track to spin off its freight division by June 2026. The previously announced spin-off of FedEx Freight into a separate business will be done in a tax-efficient manner.

Early Bird’s Nest Egg Gains: Investors are excited about FedEx’s freight spin-off because it’s expected to unlock significant shareholder value.

  • FedEx Freight could be valued at $20–35 billion when spun off.

  • The spin-off creates the largest pure-play public North American LTL (less-than-truckload) carrier.

Final Thoughts: FedEx’s stock was down 17% this year. The company is trying to turn things around and keep its costs down.

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Notables

Notable Earnings Today: MoneyHero (Nasdaq: MNY).

Notable IPOs Today: Pattern Group Inc. Series A Common Stock (Nasdaq: PTRN), Platinum Analytics Cayman Limited Class A Ordinary Shares (Nasdaq: PLTS), Emmis Acquisition Corp. Units (Nasdaq: EMISU), CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares (Nasdaq: KOYN), Galata Acquisition Corp. II Units (Nasdaq: LATAU).

Notable Equity Crowdfunding Campaigns Ending Today: Pepitos Paletas (Honeycomb).

Notable Economic Events Today: N/A.

Lennar's "Continued Pressures"

The home construction company Lennar $LEN ( ▼ 0.08% ) fell 3.20% in after-hours trading on Thursday after posting disappointing financial earnings results.

Financials: Lennar reported earnings of $2.00 per share in the past quarter and revenue of $8.8 billion. Both were lower than expected.

Powering the Story: The number of home sales decreased in the quarter, which the company says reflects “the continued pressures of today's housing market.” It also delivered 21,584 homes.

Quote: “Achieving these results required additional incentives, resulting in a reduced average sales price of $383,000, and our gross margin drifted down to 17.5%, while our SG&A expenses came in at 8.2%, reflecting the soft market conditions.” - Co-CEO Stuart Miller.

Final Thoughts: Lennar, facing an unfriendly housing market riddled with pressures, has managed to keep its stock positive in 2025 (although not by much).

Avalanche’s South Korea Announcement

The price of the cryptocurrency Avalanche $AVAX.X ( ▲ 4.51% ) jumped about 10% on Thursday after South Korea launched its first Korean won-backed stablecoin on the Avalanche blockchain.

Final Thoughts: Avalanche is up 56% in the last 30 days.

New UK Investment: London Stock Exchange lists new Bitcoin staking ETP (Cointelegraph)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.