Cisco and Solar Stocks Shine, Restaurant Chains Wilt

Cisco Soars, Solar Stocks Shine, and Restaurant Chains Dip

Market Movers

Cisco (CSCO): Morgan Stanley Boost

• Overweight Rating: Morgan Stanley reinstated coverage with an overweight rating, citing potential returns and trading discount to S&P 500.
• Positive Outlook: Deutsche Bank also recommends as a short-term buy.

Solar Stocks Surge

• Top Performers: Sunrun, Canadian Solar, SolarEdge up over 7%, Enphase rose almost 6%.
• Invesco Solar ETF (TAN): Best day since late March despite negative YTD performance.

Restaurant Chains Retreat

• Sweetgreen (SG) Plunge: Fell by 9%, Cava down by 7%, Wingstop and Shake Shack also finished lower.
• Year-to-Date Performance: Despite the dip, these chains are still up over 30% in 2024.

Tilray (TLRY) Tumbles on Earnings Miss

• Stock Drop: Plunged by 20% after reporting wider-than-expected loss and lowering full-year guidance.
• Recent Performance: Despite being up 20% in the past month, today's drop pushed it into negative YTD territory.

High Interest Volatile Stocks & Pharma Sector Update

Reddit IPO & Trump Media Stock Decline

• Reddit's IPO price at $34/share now at $45/share (-11%), Trump Media down by 27% from high of $79/share.
• AMC stock plummeted from $55 to under $3 (-30%) in a month.

Bristol Myers Squibb & Pharma Sector Insights

• Bristol Myers Squibb stock rose after six straight days of decline; IHE ETF up by nearly +9% in the last year.
• Top performers include Tarsus Pharmaceuticals (+79%), Edgewise Therapeutics (+48%), Eli Lilly (+30%).

CEO Milestones & Airline Updates

CEO Anniversaries & Market Impact

• Ted Pick's tenure at Morgan Stanley flat since taking over but shares are up +8% in a month. Costco CEO Ron Vachris sees +9% YTD growth but is below recent highs.
• Lyft CEO David Risher marks one year with stock soaring +97%; Uber also shows strong growth of over +140%.

Delta Air Lines Quarterly Report Preview

• Delta CEO Ed Bastian set to report quarterly numbers; stock up about +12% since last report but down from summer highs.
• United Airlines and NYSE Arca Airline Index remain flat recently; Frontier, SkyWest, JetBlue top performers showing significant gains.

Copper Surge & Mining Ratings Upgrade

Copper Rally & Mining Stock Recommendations

• Copper price surged by +14% in a month; Bank of America upgraded Hudbay Minerals and Freeport McMoRan to "buy". -Hudbay Minerals gained significantly week-to-date (+8%) and Freeport McMoRan saw positive movement as well.