Morning Brief Hosts Seana Smith and Brad Smith check in on some of the stocks moving most in Friday morning's extended-hours trading.

Shares of FedEx (FDX) are plunging after the shipping company slashed its profit and revenue forecasts and missed on its fiscal first quarter earnings estimates. Following the earnings report, Morgan Stanley downgraded the stock to Underweight, citing the company's structural risks.

Similarly, Lennar (LEN) shares are falling after the homebuilder missed expectations for quarterly home orders as higher mortgage rates continue to keep homebuyers on the sidelines.

Finally, shares of Trump Media & Technology Group (DJT, DJTWW) are falling as the social media company's lock-up agreement expires. This gives former President Donald Trump the option to sell his $1.7 billion stake in the company despite him announcing he has no plans to do so.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl