Benchmark analyst Mickey Legg maintained a Buy rating on Tesla TSLA and raised the price target from $350 to $475 on Thursday.Tesla remained a Benchmark Top Pick for 2025, Legg said.While limited, Legg noted the controlled rollout demonstrates a controlled and safety-first approach.Also Read: Tesla Robotaxi Scaling Growth Will Be Slow In Near Term: Goldman SachsThe analyst prioritized winning over regulators and public opinion to enable a rapid scale-up.New regulations for autonomous vehicles will take effe ...

Core Insights - Artificial intelligence (AI) is now responsible for handling between 30% and 50% of Salesforce's workload, indicating a significant shift towards automation and efficiency in operations [1] - Salesforce's AI implementations have achieved approximately 93% accuracy, which is considered strong in the industry, although perfect accuracy is acknowledged as unrealistic [2] - The tech industry is experiencing a wave of job reductions as companies, including Salesforce, CrowdStrike, and Klarna, restructure their workforces in favor of AI technologies [3] Company Developments - Salesforce has eliminated over 1,000 jobs earlier this year as part of its AI-driven restructuring efforts [3] - A major collaboration was announced between PepsiCo and Salesforce to deploy the Agentforce platform, which is designed to integrate digital agents into operational workflows [4] - Salesforce plans to leverage its various cloud platforms, including Data Cloud and Marketing Cloud, to unify PepsiCo's data streams and enhance marketing and retail execution [4] Industry Trends - The adoption of AI is broadening beyond consumer goods, with Salesforce expanding its Agentforce platform into industries such as healthcare, showcasing the versatility of its AI-powered solutions [5]

Core Insights - Micron Technology Inc. reported third-quarter revenue of $9.3 billion, exceeding the consensus estimate of $8.87 billion, and adjusted earnings of $1.91 per share, surpassing analyst expectations of $1.60 per share [1][2] Financial Performance - The company achieved record revenue in the fiscal third quarter, driven by all-time-high DRAM revenue and nearly 50% sequential growth in HBM revenue [2] - Data center revenue more than doubled year-over-year, reaching a quarterly record, while consumer-oriented end markets experienced strong sequential growth [2] Future Outlook - Micron expects fourth-quarter revenue of $10.7 billion, with a variance of plus or minus $300 million, compared to estimates of $9.88 billion [3] - The company anticipates fourth-quarter adjusted earnings of $2.50 per share, with a variance of plus or minus 15 cents, against estimates of $2.01 per share [3] Stock Performance and Analyst Ratings - Following the earnings announcement, Micron shares fell 0.5% to close at $127.25 [3] - Analysts have adjusted their price targets for Micron, with Rosenblatt raising it from $172 to $200, Needham from $120 to $150, JP Morgan from $135 to $165, and B of A Securities from $84 to $140 [5]

Core Viewpoint - Hilton Worldwide Holdings Inc. (HLT) is currently in the 17th phase of the 18-phase Adhishthana Cycle, indicating a potential bearish move before a final rally occurs [1] Guna Triads and Their Implications - Phases 14, 15, and 16 form the Guna Triads, which are critical in determining the nature of Phase 18 [2] - Phases 14 and 15 exhibited mild bullish strength (Satoguna) with rallies of approximately 23% and 26% respectively, while Phase 16 experienced a severe bearish energy (Tamoguna), resulting in a decline of nearly 28% [4] - A strong Tamoguna in Phase 16 suggests that Phase 18 will likely start with a significant bearish "death move" [4] Outlook for Phase 18 - HLT is in Phase 17, characterized as a no-action phase with low conviction, lasting until November 9, 2025 [5] - Following the transition to Phase 18 on November 10, 2025, a bearish "death move" is anticipated to occur between November 10, 2025, and May 10, 2026, potentially leading to a sharp correction [6] Investor Takeaway - Despite a long-term bullish structure, the near-term outlook for HLT remains weak due to the strong Tamoguna and the inertia of Phase 17, suggesting a breakdown is more likely than a breakout in the coming months [8] - Investors are advised to remain on the sidelines until the completion of the death move in Phase 18, with a more favorable risk-reward setup expected after May 2026 [8]

Group 1 - Workday, Inc. is facing increased competition, leading to concerns about its future performance, especially after issuing second-quarter sales guidance below estimates [1] - Applied Digital Corporation is viewed as a good speculative investment despite not being profitable [1] - CoreWeave Inc has divested its entire stake in Applied Digital, indicating a shift in investment strategy [2] Group 2 - DocuSign, Inc. reported quarterly earnings of $0.90 per share, exceeding analyst expectations of $0.81, with revenue of $763.7 million also beating estimates [3] - Danaher Corporation has disappointed investors, with a webcast scheduled for its quarterly earnings conference call on July 22 [3] - SM Energy Company is underperforming, with a downgrade from Raymond James analyst John Freeman from Outperform to Underperform [4] Group 3 - AST SpaceMobile, Inc. announced transactions resulting in the issuance of approximately 1.04 million incremental shares related to its 2032 convertible notes [2] - Recent stock performance shows Applied Digital shares fell 4.8% to $9.82, AST SpaceMobile shares dipped 6.1% to $49.97, DocuSign slipped 0.8% to $75.01, SM Energy fell 1.4% to $24.68, and Workday shares decreased by 2.4% to $233.46, while Danaher shares gained 1.8% to $201.00 [7]

Group 1 - McCormick & Company is set to release its second-quarter earnings results on June 26, with analysts expecting earnings of 65 cents per share, a decrease from 69 cents per share in the same period last year [1] - The company projects quarterly revenue of $1.66 billion, slightly up from $1.64 billion a year earlier [1] - On June 24, McCormick declared a quarterly dividend of 45 cents per share [2] Group 2 - McCormick shares experienced a decline of 1.4%, closing at $73.64 [2] - JP Morgan analyst Ken Goldman maintained an Underweight rating but raised the price target from $66 to $69 [4] - TD Cowen analyst Robert Moskow upgraded the stock from Hold to Buy, increasing the price target from $86 to $90 [4] - Jefferies analyst Rob Dickerson also upgraded the stock from Hold to Buy, raising the price target from $85 to $91 [4] - Stifel analyst Matthew Smith maintained a Hold rating while boosting the price target from $75 to $85 [4] - Argus Research analyst John Staszak upgraded the stock from Hold to Buy with a price target of $88 [4]

Core Viewpoint - Nike, Inc. is expected to report a significant decline in quarterly earnings and revenue for the fourth quarter compared to the previous year [1] Financial Performance - Analysts predict Nike will report earnings of 13 cents per share, down from 99 cents per share in the same quarter last year [1] - Projected quarterly revenue is $10.72 billion, a decrease from $12.61 billion a year earlier [1] Analyst Ratings and Price Targets - Nike has beaten revenue estimates in two consecutive quarters and in six of the last ten quarters overall [2] - Evercore ISI Group analyst Michael Binetti maintains an Outperform rating but has reduced the price target from $97 to $75 [4] - Deutsche Bank analyst Krisztina Katai maintains a Buy rating with a reduced price target from $77 to $71 [4] - Barclays analyst Adrienne Yih holds an Equal-Weight rating and has cut the price target from $60 to $53 [4] - Morgan Stanley analyst Alex Straton also maintains an Equal-Weight rating, lowering the price target from $70 to $61 [4] - Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating and has raised the price target from $55 to $60 [4]

Group 1 - Walgreens Boots Alliance, Inc. is set to release its third-quarter earnings results on June 26, with analysts expecting earnings of 34 cents per share, a decrease from 63 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $36.72 billion, slightly up from $36.35 billion a year earlier [1] - On April 21, Walgreens announced a $300 million settlement to resolve federal allegations regarding the filling of invalid prescriptions for opioids and other controlled substances [2] Group 2 - Deutsche Bank analyst downgraded Walgreens stock from Hold to Sell, reducing the price target from $11 to $9 [5] - Truist Securities maintained a Hold rating but lowered the price target from $13 to $12 [5] - UBS analyst maintained a Neutral rating and raised the price target from $9 to $10 [5] - Morgan Stanley maintained an Underweight rating and cut the price target from $9 to $7 [5]

Core Insights - BYD has surpassed Tesla in unit sales in Europe, driven by new vehicle launches and declining demand for Tesla [1][5] - The company plans to release new vehicles rapidly, including the affordable Dolphin Surf EV priced under $25,000 [2][5] - BYD's aggressive product strategy includes launching six cars in less than a year, covering key segments of the European market [3][5] Vehicle Launch Strategy - BYD aims to launch new vehicles faster than any other automotive company in Europe [2] - The Dolphin Surf EV is highlighted as a crucial addition to compete with low-cost EVs in the region [2][3] - The company is also introducing luxury models under the Denza Yangwang brand [3] Sales Projections - BYD is projected to more than double its sales in Europe to approximately 186,000 units this year, with potential to reach 400,000 units in four years [6] - The company has already outsold Tesla in Europe and achieved a milestone by beating Tesla in global EV sales for the first time in 2024 [5][6] Manufacturing Expansion - BYD will begin production at a new manufacturing plant in Hungary by the end of 2025, enhancing production capacity and customization options [5] - Future models will increasingly cater to the European market, with a focus on regional specifications [6] Stock Performance - BYD stock closed at $98.56, down 2.28%, but has seen a year-to-date increase of 48% in 2025 [6]

Micron Technology Inc MU reported financial results for the third quarter of fiscal 2025 after the market close on Wednesday. Here’s what you need to know from the report.Q3 Earnings: Micron reported third-quarter revenue of $9.3 billion, beating the consensus estimate of $8.87 billion. The company reported third-quarter adjusted earnings of $1.91 per share, beating analyst estimates of $1.60 per share, according to Benzinga Pro.Total revenue was up roughly 16% on a year-over-year basis. Operating cash flow ...