What's the news on the trending stocks in the market today?
7/2/2025 02:12pm
Here is some news on trending stocks in the market today:
1. **Constellation Brands**: Reported weaker-than-expected earnings for its first quarter, with quarterly earnings of $3.22 per share missing the analyst consensus estimate of $3.31 per share. The company also reported quarterly sales of $2.515 billion, which was below the analyst consensus estimate of $2.554 billion. As a result, Constellation Brands shares fell 1.2% to $164.40 in the after-hours trading session.
2. **UniFirst Corp.**: Expected to report quarterly earnings at $2.09 per share on revenue of $614.51 million. UniFirst shares gained 5.3% to $200.50 in after-hours trading. UniFirst's stronger-than-expected results for the third quarter, with quarterly earnings of $1.86 per share, beating market estimates of 98 cents per share, led to a 13.1% increase in its shares to $53.14 in the after-hours trading session.
3. **Franklin Covey Co.**: Analysts are expecting the company to post a quarterly loss of 4 cents per share on revenue of $67.49 million for the latest quarter. The company will release earnings after the markets close. Franklin Covey shares rose 4.7% to $25.25 in after-hours trading.
4. **JPMorgan Chase**: The bank has upgraded its dividend and approved a $50 billion buyback after passing its stress test. This move comes as the bank completed its stress test, which is used to assess an institution's ability to withstand financial shocks and volatility. The dividend increase and buyback are likely to have a positive impact on the bank's stock price.
5. **BYD, XPeng, and NIO**: These Chinese electric-vehicle makers have seen deliveries jump, which could put pressure on Tesla's market position. The strong growth in deliveries from these companies could be a sign of a broader trend in the electric vehicle market, as more consumers turn to EVs.
In conclusion, today's trending stocks in the market include Constellation Brands, UniFirst Corp., Franklin Covey Co., JPMorgan Chase, and several others. These stocks are making headlines due to a variety of factors, including earnings reports, dividend upgrades, and significant business developments. Investors should conduct thorough due diligence before making any investment decisions based on these trends.