PepsiCo, Levi Strauss And 3 Stocks To Watch Heading Into Thursday
Stocks in focus: Applied Digital beat Q1 estimates; Levi posted mixed results. Investors await earnings from Helen of Troy, PepsiCo and Tilray.
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Stocks in focus: Applied Digital beat Q1 estimates; Levi posted mixed results. Investors await earnings from Helen of Troy, PepsiCo and Tilray.
Market sentiment slipped but stayed neutral as U.S. stocks fell amid rising Treasury yields; mortgage applications declined for a fifth week.
Will S&P 500 open higher? Polymarket odds sit at 52% as Wall Street weighs 5.35% Treasury yields, potential Iran strikes, and Pepsi earnings.
Tilray Brands stock has crashed 60% this year and trades below $4, down 84% from its 52-week high. Despite record revenue of $915 million, the company posted a net loss of $105 million and burned $69 million in cash. The analyst recommends avoiding the stock due to poor growth prospects, a highly competitive Canadian market, and a questionable pivot to beverages that doesn't address fundamental business challenges.