Diamonds and Dogs
FedEx (FDX) ready for the holiday season. (FDX) is up 6% following strong earnings. Management is predicting profit margins of 10% or more over the next two quarters as the labor shortage subsides and higher prices, surging growth in e-commerce and investment in facilities and technology will boost earnings.
Autos taking a hit. Rivian Auto (RIVN) is down 10% after lowering production guidance. The electric-truck maker can't seem to make trucks. That's not a good. GM (GM) is down 4% as the executive of their self-driving car is leaving the company effective immediately. Some suggested this executive could become the CEO of GM someday. Not anymore
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