FedEx (FDX) Down 3.68% in Premarket Trading

FDX FedEx

FedEx stock is down 3.68% at 148.86 after the company announced yesterday the plans for 4 billion cost-cutting and an increase of 6.9% in shipping rates.

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Verizon (VZ) Under Pressure after Q3 Earnings

Verizon slides after the announcement of the third quarter report despite the report beat the expectations.

The company reported Earnings per share of $1.32 down 7% from the same quarter last year, but beta the Wall Street expectations