FedEx (FDX) – Will report quarterly results on Thursday, March 16 after market close. Analysts at Morgan Stanley issued a note Tuesday morning noting their expectation for FedEx’s Q3 results to come in below analysts’ consensus estimates.
Coinbase (COIN) – Analysts at Oppenheimer Tuesday highlighted the recent launch of Coinbase’s “Base” web 3.0 developer platform. The analysts said the launch suggests Coinbase “is gradually stepping out of the shadow of its reputation as a ‘crypto exchange’ and becoming more like an enabler of crypto innovation.”
Paramount Global (PARA) – Shares were relatively quiet following a rumor Paramount could sell its majority stake in BET Media, owner of the BET and VH1 cable TV channels.
Kimbell Royalty Partners (KRP) – A bullish idea related to sinking natural gas prices. Analysts at KeyBanc Tuesday morning upgraded shares of Kimbell given the companies exposure to the Permian Basin oil and gas producing region in Texas. At the same time, KeyBanc downgraded shares of Blackstone Minerals (BSM) amid falling natural gas prices.
Virax Biolabs (VRAX) – Tuesday morning’s biggest winner. Shares of this penny-stock, low-float name were up more than 100%. The company announced it won a distribution deal for its avian flu testing kit to markets accepting CE Mark approval status.