Diamonds and Dogs
FedEx (FDX) trading up 6% along with UPS Deliver as Amazon has suspended their competing delivery service starting in June in order to focus on a surge of online orders amid the coronavirus. Amazon Shipping was only available in a few big cities. FedEx also made its first shipments as a part of Project Airbridge, a public-private partnership managed by the federal government to provide expedited shipping of personal protective equipment (PPE) and other supplies critical to COVID-19 relief efforts.
EHealth Inc (EHTH) stock takes a hit down 15% after short seller Muddy Waters claimed the firm uses "highly aggressive accounting" to hide the fact it is a "significantly unprofitable business. While it is not accused of fraud, Muddy Waters said management is engaged in a "massive stock promotion." EHealth is an online marketplace that offers consumers insurance products including Medicare plans, individual and family health insurance, and small business insurance and ancillary health insurance products.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.