Stock Movers FedEx Soars After Boosting Profit Outlook; Unilever Looks to Offload Food Arm; Planet Labs Rises on Earnings
Mar 20, 2026
A look at a major courier hiking its profit forecast and reshaping its delivery network amid uneven demand. A global consumer goods company mulls selling its food arm in a potential multibillion-dollar shakeup. A satellite-imaging firm posts record revenue and teases big backlog and tech partnerships.
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FedEx Guidance Boost Shows Restructuring Traction
- FedEx raised its fiscal adjusted earnings guidance to $19.30–$20.10, signaling restructuring gains while shares rose ~23% year-to-date.
- Management says demand trends remain steady and the freight spin-off stays on track for June, despite tariff uncertainty and legal battles.
Unilever May Sell Food Arm To McCormick
- Unilever received an offer from McCormick to buy its food arm, a move that would end its direct competition with big packaged-food rivals.
- Bloomberg Intelligence pegs the food unit's potential equity value near $33 billion as CEO Fernando Fernandez shifts focus to beauty and personal care.
Planet Labs Hits Record Revenue And Tech Push
- Planet Labs reported record quarterly revenue of $86.8 million and finished the year with a $900 million backlog, reflecting strong demand for satellite imagery.
- The company is partnering with Nvidia to integrate next-gen GPUs into its Pelican satellites for faster image processing.