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Jack of All Trades: High Stakes 12.18.2025

Dec 18 saw divergent outcomes: FedEx beat by 18% (adjusted EPS $4.82 vs $4.07 est), raised guidance despite $175M MD-11 grounding costs, stock +1.7%; Nike beat by 43% (EPS $0.53 vs $0.38 est) but China revenue collapsed 17%, Converse fell 30%, gross margin down 300bp on tariffs

Jack of All Trades: High Stakes 12.18.2025
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