XPEV - Hot Stocks: FDX soars; Chinese EV stocks rise; cruise stocks hit 52-week lows; CLR takeover bid; OM falls

Uncertainty ahead of the Federal Reserve's next interest rate announcement led to a choppy session on Tuesday. Following two days of massive declines, the major U.S. equity indices ended the day mixed, as investors waited to see what the central bank would do. While the overall market showed a lack of direction, Chinese EV stocks rallied. Nio (NIO), Li Auto (LI) and XPeng (XPEV) climbed on hopes that easing COVID restrictions would allow production to get back to normal.  FedEx (NYSE:FDX) represented another standout winner on the session. A raised dividend and a deal with an activist investor prompted a double-digit percentage advance in the package delivery giant. Meanwhile, a takeover deal spurred buying in Continental Resources (CLR), which jumped to a new 52-week high. Turning to some of the day's standout decliners, Outset Medical (OM) lost more than a third of its value after halting shipments of a key

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Hot Stocks: FDX soars; Chinese EV stocks rise; cruise stocks hit 52-week lows; CLR takeover bid; OM falls