Diamonds and Dogs

9/6/22

Home-security firm getting more popular. ADT (ADT) is up 14% as securing an investment of $1.2 billion from State Farm as part of a partnership that it hopes will encourage the insurer's many customers to buy its smoke detection and anti-intrusion products. ADT also receive another $150 million for product development from existing investor Google, the Alphabet Inc-owned search giant that took a 6% stake in ADT in 2020.

Downgrade for FedEx (FDX). FedEx is down 2% as Citi analyst lowered his price to $225 from $270 seeing plenty of headwinds with higher interest rates curbing demand while higher oil and gas prices are hurting profits.

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