JOAN - Hot Stocks: FDX GME JOAN drop on earnings news; ONON rallies

Earnings news provided a crucial catalyst in Friday's pre-market trading. FedEx (NYSE:FDX) represented the highest-profile name to announce its quarterly results, with a weak profit figure sending the stock lower before the opening bell. Both GameStop (GME) and JOANN (JOAN) also endured pre-market selling following the release of their respective quarterly reports. On the other side of the spectrum, the unveiling of financial figures gave a lift to shares of On Holding AG (ONON). Decliners FedEx (FDX) lost ground in pre-market trading after the package delivery giant missed expectations with its latest quarterly profit. Shares dropped nearly 4% before the opening bell. FDX beat expectations with its quarterly revenue, which rose nearly 10% from last year to reach $23.6B. However, high freight and labor costs cut into the firm's margins. The release of earnings news also sparked selling in GameStop (GME). Shares of the video game retailer dropped 7% after

For further details see:

Hot Stocks: FDX, GME, JOAN drop on earnings news; ONON rallies