Diamonds and Dogs


Upgrade for FedEx (FDX). FedEx is up 2% near all time highs and up over 60% since the start of July when they reported much better than expected earnings. The shift to online consumption of more products caused ISI research to raised their FedEx price target to $300 a share translating into another 30% upside from here. Not to be outdone, UPS expects to hire more than 100,000 seasonal employees for the upcoming holiday season.

A no go for Tiffany (TIF). Retailer, Tiffany fell 6% as French retailer, LVMH is calling off the $16 billion purchase/merger. Tiffany is expected to sue, but the French firm may be trying to take advantage of the Covid-19 pandemic to seek a lower price.

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.