Diamonds and Dogs

11/22/21

FedEx (FDX) ready for the holidays. FedEx is up 3% as the company expects a 10% year-over-year rise in holiday package volumes this year. FedEx expects to deliver 100 million more packages during the peak season (which starts November-end following the U.S. Thanksgiving holiday) this year. FDX aims to deliver 32 million packages on Cyber Monday (Nov 29), which will likely be the busiest day.

Stay at home plays continue to struggle. Zoom Video (ZM) is down 3% to a new 52 week low ahead of earnings. The stock is down 30% in the last quarter and while sales may be strong, up 50% in the quarter, investors are concerned about slowing growth with the reopening of the economy. 

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