Pilgrim’s Pride CEO and 3 other chicken producer executives have been indicted over allegations of price-fixing. Yahoo Finance’s Heidi Chung joins Zack Guzman to discuss.

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China’s electric vehicle maker Nio Inc (NIO) has revealed that it delivered 3,436 vehicles in May 2020, representing a strong 215.5% growth year over year. Shares are now rising 3% in Thursday’s pre-market trading.The deliveries consisted of 2,685 ES6s, the company’s 5-seater high-performance premium smart electric SUV, and 751 ES8s, the company’s 7-seater high-performance premium smart electric SUV and its 6-seater variant.As of May 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 42,342 vehicles, of which 10,429 were delivered in 2020, NIO said.“In May, we achieved record-high monthly deliveries in our history” cheered William Bin Li, founder and CEO of NIO. He stated that the company “will further increase our production capacity and expand our sales network to support our future growth.”Meanwhile Steven Feng, chief financial officer of NIO, added, “We are pleased to see the strong monthly deliveries despite fewer working days due to the public holiday in May. We expect to achieve the delivery goal for the second quarter 2020, while continuously improving gross margin and narrowing operating loss.”In a further bullish signal NIO rallied 19% on June 3 after the stock received an upgrade from Goldman Sachs analyst Fei Fang. This comes on the back of rating upgrades from JP Morgan and Merrill Lynch.Fang boosted the stock from hold to buy with a $6.40 price target (14% upside potential). “We believe ES6 and ES8 volume strength has transitioned from being promotion-driven to reputation-driven,” Fang told investors, adding that never before has a domestic premium Chinese auto brand had a waiting list.With NIO stock enjoying a 39% year-to-date gain, analysts have a cautiously optimistic Moderate Buy consensus and an average analyst price target of $5.70 (2% upside potential). (See Nio stock analysis on TipRanks).Related News: Lyft Rises 5% After-Hours On Strong May Performance Can Tesla Provide the Million Mile EV Battery? Top Analyst Weighs In Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * AstraZeneca Partners With Accent To Develop Novel Cancer Treatments * Inovio Suing Suppliers Over Covid-19 Vaccine Production * S&P; Cuts American Airlines’ Credit Rating To 'B-' from 'B' On Cash Flow Deficit Concern   * FedEx Adding Temporary Surcharges As Covid-19 Pressures Mount

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Starting June 8, FedEx (FDX) has announced that it will start implementing a number of surcharges, including a temporary surcharge on FedEx SmartPost packages of $0.4/ package, as it deals with the fallout from Covid-19.For customers at the enterprise level, U.S. domestic residential FedEx Express and FedEx Ground packageswill face a surcharge of $0.3/ package, while Oversize U.S. domestic FedEx Express and FedEx Ground packages will now need to cough up an extra $30/ package.“As the impact of the virus continues to generate a surge in residential deliveries and has also generated a surge in oversize, hard-to-handle packages, we have experienced increased operating costs across our network” the company explained.“To continue providing our customers with strong levels of service during this time, we are implementing temporary peak surcharges” FedEx stated, arguing that it provides an essential business keeping commerce moving and delivering critical shipments during this challenging time.Indeed, FedEx rival UPS (UPS) has already implemented peak surcharges on certain U.S. domestic packages starting from May 31, and effective until further notice. “Our goal is to ensure businesses and customers are able to meet their shipping needs while demand has increased for shipping services” the company explained at the time.A $0.30 peak surcharge now applies to certain UPS Ground Residential and UPS SurePost packages if customer’s (like Amazon, Best Buy and Target) average weekly volume exceeds 25,000 packages.Shares in FedEx are currently trading down 9% year-to-date. Analysts have a cautiously optimistic Moderate Buy consensus on the stock, with 10 recent buy ratings offset by 8 hold ratings. More worryingly, the average analyst price target of $135 indicates 2% downside potential from current levels. (See FDX stock analysis on TipRanks).Morgan Stanley’s Ravi Shanker has just reiterated his hold rating on FedEx, citing unprecedented pressures from Covid-19 including sharp declines in B2B and International volumes, elevated costs and one fewer working day.Related News: Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169% Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities Amazon Leases 12 Boeing Cargo Aircraft To Meet Online Orders Surge More recent articles from Smarter Analyst: * AstraZeneca Partners With Accent To Develop Novel Cancer Treatments * Nio Rising On Record-High Monthly Deliveries, Goldman Sachs Upgrade * Inovio Suing Suppliers Over Covid-19 Vaccine Production * S&P; Cuts American Airlines’ Credit Rating To 'B-' from 'B' On Cash Flow Deficit Concern

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