Diamonds and Dogs
June 16, 2010
DiamondPriceline.com Incorporated , PCLN
Priceline Incorporated is an online travel company that provides multiple travel services right from Priceline.com. It is today's diamond in the rough trading at $198.12, 12.35% or $6.64 higher. The share rose today after Goldman Sachs upgraded the stock to a buy. Priceline was Nasdaq's top gainer this afternoon. With that said, cruise lines look to have a strong 2010 summer in ticket sales.
Dog
FedEx Corporation, FDX
It's not a good sign when the company worries. It was reported today that Fedex said higher costs would constrain 2011 earnings. Higher pension, health, and investment costs led to shares down 3.3% to $79.71while its rival, UPS, was slightly up (0.9%).
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