Diamonds and Dogs
Airbnb (ABNB) gets an upgrade. The recent IPOs initially sold off, but now is performing well once again up 7% today thanks in part to an upgrade with an $180 price target. A crazy year gets crazier with a flourish of IPOs. Airnbnb is now worth more than Booking Holdings and five times bigger than Expedia.
Pullback in FedEx (FDX). The logistics giant is down 5% after easily beating expectations as sales rose 18% to $20.56 billion. Besides keeping up with the usual rush of holiday and online sales, FedEx will also get involved in transporting the COVID-19 vaccine around the globe.
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