Diamonds and Dogs
Bristol Myer (BMY) trading at a two year high. Bristol's stock is up 1.8% to new highs as the industry descends on J.P. Morgan Healthcare Conference. With the merger with Celgene complete, the CEO of Bristol said at the conference the company enters 2020 with great momentum. Last week Citigroup upgraded the stock with a $73 price target.
Things not getting better for Five Below (FIVE). The discount retailer is down 14% to a one year low after lowering guidance for the fourth quarter. Management pointed out there were six fewer shopping days between Thanksgiving and Christmas, the key holiday season, but the reality may be Five Below is falling behind their competition.