Diamonds and Dogs

7/3/24

Three for three this week as Tesla (TSLA) rises once again up another 6% today after rallying 9% and 5% the previous two days. The stock is up over 30% in the last two weeks following better than expected second quarter deliveries and a slew of upgrades. Wedbush upgraded the stock with a $300 price target today.

On the earnings front, Constellation Brands (STZ) fell 3% following earnings. Earnings actually beat expectations, but sales missed as the long hoped turnaround in the wine and spirits business has yet to materialize.

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