FDX Is Flying, LNG Stocks Are Moonwalking, and Micron Just Spent $25B to Make Everyone Nervous

Let's start with the good news: $FDX ripped over 8% after a clean earnings beat and raised guidance — outpacing even the options market's implied move of ~6.5%. That's the kind of print that makes you feel like the economy isn't entirely on fire. Reddit's r/stocks was noticeably bullish, while YouTube's Bloomberg coverage flagged positive read-through for $UPS, which tagged along for a nearly 2% aftermarket gain. Logistics is apparently the cockroach of industries — survives everything.

Then there's the war trade. Iranian drone strikes on Qatar's Ras Laffan facility — the world's largest LNG terminal — sent European natural gas futures up 35% and launched $LNG (Cheniere) and $VG (Venture Global) into orbit. Bloomberg Businessweek called it a supply shock that could reshape energy markets for years. X is basically a ticker tape of energy bulls right now, and honestly, they're not wrong.

Meanwhile, $MU posted a quadrupling of revenue and a 600% EPS increase — and the stock still dropped 3.8%. Why? Because it also announced $25B in capex vs. analyst estimates of $22.4B. Wall Street saw "AI memory supercycle" and heard "we're building a lot of stuff, hope you're cool with that." Sometimes beating earnings isn't enough — you also have to not scare people.