FDX, LEN Earnings Paint Mixed Picture, GOOGL Price Target Hike

FedEx (FDX) shares initially rocketed higher after earnings but faded overnight. Diane King Hall reacts to its opening bell move and breaks down the report, which included news of spinning off its Freight business. Elsewhere on the earnings front, Lennar (LEN) crumbled on an earnings miss and lower than expected home deliveries which weighed on the overall homebuilders group. Meanwhile, Alphabet (GOOGL) catches a bullish price target hike from Citizens JMP to $290 as shares hit new all-time highs.

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