Welcome back, Street Team! We missed y’all over our extended Fourth of July weekend. (But, admittedly, there was more than enough barbecue, fireworks, and family time to fill the void.) Now we’re back with your usual programming — and, as a thank you for your patience, a little something extra too.

Read to the end to check out our newest section: “Street Tweet of the Day”. Our Tweet-centric Saturday newsletter is a favorite for many readers, so now we’re giving a daily dose of it, highlighting the most thought-provoking (or lol-provoking) market commentary we come across each day. Enjoy!

— Brooks & Cas

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$STLA ( ▲ 1.84% ) Stellantis gets a downgrade. Its rebound may never come, analyst warns. (MarketWatch)

$UBER ( ▲ 3.26% ) Uber Shares Climb to All-Time High Amid Expanding Services (YF)

$RGLD ( ▼ 6.44% ) Royal Gold to Buy Sandstorm Gold in $3.5 Billion Stock Deal (WSJ)

$WNS ( ▲ 14.26% ) Capgemini to buy outsourcing firm WNS for $3.3 billion in AI push (Reuters)

$APGE ( ▼ 17.32% ) Apogee falls after results from atopic dermatitis trial (SeekingAlpha)

CNBC: In addition to Japan and South Korea, Trump announced steep new tariffs on five other nations: Kazakhstan, Laos, Malaysia, Myanmar, and South Africa.

Forbes: However, Trump also issued a one-month pause on his broader Liberation Day tariffs, extending the previous July 9th deadline.

AP: Trump’s looming decision on 10% tariffs for EU goods threatens to disrupt the world’s largest trade relationship.

Reuters: BRICS leaders rejected Trump’s claim the bloc is “anti-American” after he threatened 10% tariffs against participating nations.

CNN: Tesla’s Cybertruck is widely considered a flop, contributing to a 52% year-over-year drop in non-core model deliveries.

Another Fourth of July has passed us by. But at least one firm is still in the mood for a cheap beer.

Jefferies $JEF ( ▼ 2.34% ) believes Constellation Brands $STZ ( ▼ 1.15% ) — which owns the US rights to Corona, Modelo, and Pacifico, among other alcohol brands — has become too cheap to overlook after a recent sell-off.

The firm bumped the stock up from Hold to Buy, with its new price target of $205 implying more than 20% upside from today’s close.

Investors have been pouring one out for Constellation all year, as concerns of aluminum tariffs and lower-than-expected earnings weighed heavily. The stock is down nearly 23% YTD.

But Jefferies believes its demise has been greatly exaggerated. Specifically, analyst Kaumil Gajrawala said “there isn’t a brand issue” with the company, and attributed its struggles instead to broader market challenges.

Socioeconomic pressures, especially with regard to Hispanic consumers, have contributed to the brand’s slowing growth and low visibility, according to Gajrawala. But the analyst notes the firm’s forward guidance points to a turnaround, with its wine business in particular poised to turn profitable.

The Street is divided on Constellation Brands, but the majority of analysts agree with Jefferies’ take. 16 of 26 firms covering the stock have assigned a bullish rating.

Gajrawala acknowledged lingering fears in his client note, admitting “STZ shares may not earn their old multiple”.

But the analyst argues that, together, the company’s solid balance sheet and consumer sentiment’s recent rebound are worth celebrating. And what better way than with a nice, cheap beer?

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AP: Deadly Texas floods have reignited debate over DOGE staffing cuts to the National Weather Service.

The Verge: Musk’s political moves may be the least of Tesla’s concerns. Here’s how the new budget bill could impact the EV maker.

WSJ: Saudi Arabia’s Public Investment Fund acquired a two-thirds stake in a $600M Manhattan skyscraper project with Related Companies.

Bloomberg: Brookfield $BN ( ▼ 2.12% ) veterans launched a new fund, Genesis, to invest in health care and insurance-focused assets.

CNN: Read the surprisingly storied history of Olive Garden’s $DRI ( ▼ 1.93% ) iconic endless breadsticks, soups, and salads.

Bullish signal for Hershey Co $HSY ( ▼ 0.52% )?

Or just for my future Nobel Prize prospects? 🤔

Are you bullish or bearish on McCormick & Company $MKC ( ▼ 1.75% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said: