Shares of FedEx are down about 3% in the past three months.We'll get a read on the health of homebuilding on Tuesday with housing starts data set to release at 8:30 a.m. Housing starts are expected to rise 2% to 1.34 million in November, according to economist polled by Dow Jones. This is a smaller rise than the 3.8% jump to 1.314 million in October, which was a 12-year high.
Industrial production and JOLTS data will also be released on Tuesday. Economists polled by Dow Jones are expecting industrial production to rise 0.8% in November, after slumping 0.8% in October. Job openings for October are expected to come in at 7.02 million, the same as September's reading, the lowest level since March 2018. The so-called JOLTS survey is closely watched by Federal Reserve officials for clues on the employment picture.
"We continue to rate LLY Outperform as above average growth should overweight concerns related to competition to key franchises and pipeline visibility," said Cowen analyst Steve Scala in a note to clients on Monday. Cowen has a $145 per share price target on the stock, which last traded at $122.8 per share.8:00 a.m. Dallas Fed President Robert Kaplan speaks12:30 p.m.