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.
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