A pedestrian walks by a FedEx truck in San Francisco, California, on June 20, 2023.

Here are the stocks making notable moves before the opening bell.

FedEx — Shares gained more than 5% after fiscal first-quarter earnings results that topped expectations. FedEx reported adjusted earnings of $4.55 per share, greater than the $3.73 forecast by analysts polled by LSEG, formerly known as Refinitiv. Its revenue of $21.7 billion was slightly below expectations of $21.81 billion.