Cerebras and FedEx Dip; Wendy's CFO Change; Micron Up Ahead Earnings

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million.
- FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet.
- Wendy's (WEN) is rising after it appointed Steve Cirulis as chief financial officer and chief strategy officer, replacing CFO Ken Cook effective June 23.
- Micron (MU) is up ahead of a key earnings report after today's closing bell. The earnings will be a big test for the AI trade and memory stocks.

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