Diamonds and Dogs
FedEX (FDX) is busier than ever. FedEx dropped earlier in the week after missing earnings estimates, but the stock is rebounding a percent on an upgrade. The analyst at Aegis Capital upgraded the stock with a $215 price target. Yesterday Cowen upgraded the stock saying buy on weakness. The analyst reiterated an outperform rating and $240 price target. Thanks to Amazon, FedEx is busier than ever.
Lockheed Martin (LMT) takes another hit on a tweet. President elect Trump is at it again. In his latest tweet, Trump said the F-35 program is facing tremendous cost and cost overruns. Now he is considering asking Boeing to price-out a comparable F-18 Super Hornet. Investors shouldn't be too worried because the F-35 aircraft is more advanced than the Boeing F-18 Super Hornet. For example, the F-35 has stealth mode capability and the F-18 does not.