Weekly Initial Unemployment Claims Decrease to 210,000
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The DOL reported:
In the week ending March 23, the advance figure for *seasonally adjusted
initial claims was 210,000*, a decrease of 2,000 from the previo...
2022-06-14
FedEx Rips
I noted that FedEx (FDX) was an important stock to watch yesterday. It had put in what looked like a possible reversal candle. Today it gained 14 percent.
The firm raised the dividend 53 percent to a 2.1 percent yield after pressure from activist investor D.E. Shaw. A move of that magnitude doesn't strike me as solely a news event, but also reflective of sentiment.
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