Today, Jefferies raised its target price for Constellation Brands (NYSE:STZ) stock before the company’s first-quarter results.
Micron stock rose about 6% in extended trading on Monday. The company reported its third-quarter earnings results after the market bell.
FedEx will likely announce its fourth-quarter results after the financial markets close on June 30. The revenue and earnings could fall due to COVID-19.
Nike slipped into a loss in the fourth quarter of fiscal 2020. COVID-19 led to temporary store closures, which impacted sales and profitability.
Analysts expect Nike’s fourth-quarter revenue to decline 28.1% YoY to $7.32 billion. Store closures will likely impact the company’s sales in the US.
U.S. Steel Corporation (NYSE:X), Nucor (NYSE:NUE), and Steel Dynamics (NASDAQ:STLD) have released their second-quarter guidance and outlook.
Kroger’s sales grew 11.5% YoY (year-over-year) to $41.5 billion in the first quarter, which ended on May 23. Analysts expected sales of $40.7 billion.
Kroger will likely announce its results for the first quarter of fiscal 2020 on Thursday. The expectations are high for the company's first-quarter sales.
On Thursday, Jefferies upgraded Keurig Dr Pepper (NYSE:KDP) to “buy” from “hold.” The company has benefited amid COVID-19.