Stock Movers FedEx Raises Outlook; Super Micro Co-Founder Charged; Unilever Looks to Offload Food Business
Mar 20, 2026
Market movers include FedEx boosting its full-year profit outlook amid network changes and geopolitical strain. A major legal case alleges illegal export of Nvidia-powered servers to China, triggering a steep stock drop. Talks are underway for Unilever to sell its food arm to McCormick, signaling a big shake-up for long-standing brands.
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FedEx Restructuring Boosts Forecast
- FedEx raised its full-year earnings forecast, signaling its delivery-network overhaul is improving profitability.
- The company expects potential EPS above $20 and beat fiscal third-quarter revenue and earnings amid Middle East turmoil.
Supermicro Faces High-Profile Export Charges
- U.S. charged Supermicro co-founder Wally Liao with diverting Nvidia-powered servers to China, triggering a 25% pre-market stock drop.
- Authorities allege sales routed through a Southeast Asia company knowing shipments would reach China, prompting administrative leaves.
Unilever In Talks To Sell Food Business
- Unilever is in talks to sell its food business to McCormick, putting longtime brands like Hellmann's and Knorr stock cubes up for potential divestiture.
- The company confirmed an offer but warned there is no certainty a deal will happen.