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STZ

Constellation Brands Inc (NYSE:STZ), a Fortune 500 company and the largest beer import company in the US, reported better than expected Q1 results due to a more than 40% improvement in e-commerce direct to consumer sales. However, the company's growth is slowing down to a single-digit-percentage pace, joined by rising input costs. Constellation Brands also has a significant debt of $12.3 billion as of May 2023, which could become an issue if earnings continue to decline.

Portfolio Pulse from Upwallstreet

July 05, 2023 | 7:39 pm

TSLA

Tesla has set a new record for vehicle deliveries in Q2 2023 due to strategic price reductions and increased production. The company's stock price has shown significant recovery with a 30% surge in June and a 135% increase year-to-date. Tesla's Q2 financial results, set to be released on July 19th, have the potential to greatly impact the stock price. The stock closed at $279.82, trading up by 6.79% on July 3.

Portfolio Pulse from Zaheer Anwari

July 05, 2023 | 7:17 pm

GBX

KeyBanc Capital Markets analyst Steve Barger reiterated the Sector Weight rating on Greenbrier Companies (NYSE:GBX), following a strong 3Q report and a solid preliminary 4Q order book. Barger expects more orders for GBX as the quarter progresses, reversing the trend of backlog declines. The analyst is also optimistic about easing supply chain constraints and cost-saving initiatives contributing to margin expansion. Barger raised EPS estimates for FY23, FY24, and FY25, and remains optimistic about GBX's progress towards its cost optimization goal.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 6:59 pm

NFLX

Goldman Sachs has upgraded Netflix (NASDAQ:NFLX) from Sell to Neutral and raised the price target from $230 to $400. The upgrade comes ahead of the company's Q2 earnings report due on July 19. Despite optimism about Netflix's operating performance and momentum, the analyst noted that global competition in the streaming industry could be a hindrance.

Portfolio Pulse from Ryan Gustafson

July 05, 2023 | 6:26 pm

NDLS

Benchmark analyst Todd M. Brooks has reiterated a Buy rating on Noodles & Company (NDLS), but lowered the price target from $8 to $6. The analyst has observed only modest traffic recovery in Q2 2023, despite the company's value pricing initiatives. The analyst also decreased the Q2 2023 systemwide same-store sales (SSS) estimate to (3.1)% from the prior estimate of (0.3)%. Adjusted EPS and EBITDA estimates for the quarter were also lowered. However, the recent appointment of Michael Hynes as NDLS's new CFO was viewed positively.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 6:14 pm

JWN

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Nordstrom Inc (NYSE:JWN) with a price target of $21. The 2023 Anniversary Sale, running for 21 days, is expected to negatively impact Q2 sales but boost Q3 sales by approximately 200 basis points. New brands have been added to the sale, and despite consumer pressure, the company's customer-focused changes are expected to drive traffic and topline.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 6:11 pm

CCL

Carnival Corporation (NYSE:CCL) shares have hit a new 52-week high, continuing the upward trend from June. The stock has gained over 20% in the past five trading sessions and over 57% in the past 30 days. This surge is attributed to several factors including earnings surpassing analyst consensus estimates, raised fiscal year 2023 guidance, and several upgrades and price target increases from analysts. CCL also has a significant short interest with 13.72% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

July 05, 2023 | 4:18 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) reported strong Q2 production and delivery figures, exceeding Street estimates by 10% and 12% respectively. The company reiterated its production target of 50,000 for fiscal 2023. Analysts from Truist Securities, Canaccord Genuity, and Cantor Fitzgerald maintained positive ratings and price targets for RIVN. The company's shares rose by 1.43% to $19.84.

Portfolio Pulse from Priya Nigam

July 05, 2023 | 4:07 pm

ASML

A significant investor has taken a bearish stance on ASML Holding (NASDAQ:ASML), with 73% of recent trades being bearish. The targeted price range for ASML Holding over the last 3 months is from $410.0 to $740.0. The current price of ASML is down -2.39% at $716.34. The next earnings are expected to be released in 14 days.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:46 pm

GM

General Motors (GM) reported Q2 sales of 691,978 vehicles in the U.S., a 19% increase from the previous quarter. The sales included 15,652 electric vehicles (EVs). The company's Q2 inventory in the U.S. remained flat compared to Q1.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 3:34 pm