Diamonds and Dogs


 Ford (F) revs higher after rare 'Double Upgrade' from Morgan Stanley. Ford is up 3% to a two month high after Morgan Stanley's analyst lifted his rating on Ford two notches, to "overweight" with a price target of $15 per share. The analyst expects President Donald Trump's mooted infrastructure plans to support the automarker's near-term earnings. He also suggested that Ford could surprise investors to the upside thanks in part to cost cuts. The analyst also believes that negative sentiment has taken valuation to attractive levels...levels where he calculated the value of the F-150 franchise may be worth more than 150% of the company's enterprise value.

No one is buying jewelry. Signet Jewelers (SIG) is down 17% to a new 52 week low after lowering full year guidance and announcing a three year restructuring plan. The company will also sell the remaining portion of its non-prime credit card receivables and use the proceeds to buy back shares. Signet also raised its dividend 20%, increasing its dividend for the seventh consecutive year.

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