An iconic travel brand is soaring after upbeat earnings and stabilizing demand, a retail giant is racking up record-breaking e-commerce numbers, and a global beverage chain may be close to unlocking a multibillion-dollar deal. Here’s what traders are watching today.

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What to Watch

Earnings:

  • Delta Air Lines, Inc. [DAL]: Premarket

  • ConAgra Brands, Inc. [CAG]: Premarket

  • Byrna Technologies, Inc. [BYRN]: Premarket

  • The Simply Good Foods Company [SMPL]: Premarket

  • PriceSmart, Inc. [PSMT]: Aftermarket

  • WD-40 Company [WDFC]: Aftermarket

  • E2open Parent Holdings, Inc. [ETWO]: Aftermarket

  • Levi Strauss & Co. [LEVI]: Aftermarket

Economic Reports:

  • Initial Jobless Claims [July 5]: 8:30 am

  • St. Louis Fed President Alberto Musalem Speech: 10:00 am

  • San Francisco Fed President Mary Daly Speech: 2:30 pm

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Airlines

Strong Quarter Suggests More Flight Left in Delta Airlines’ Recovery

Delta Air Lines (NYSE: DAL) shares are up over 12% in early trading after the company delivered strong second-quarter results and reinstated full-year guidance, suggesting that the turbulence in travel demand may be easing.

For Q2, the airline reported adjusted earnings of $2.10 per share, narrowly beating forecasts of $2.05. Revenue came in at $15.51 billion, slightly ahead of expectations and 1% higher than last year.

The bigger story may be Delta’s decision to reissue its 2025 earnings forecast after pulling guidance in April. Management now expects $5.25 to $6.25 per share for the year, below January’s estimate of $7.35, but still robust given shifting booking patterns and tariff-related uncertainty earlier in the year.

CEO Ed Bastian said travelers are delaying bookings, but overall volume remains solid, especially in premium seating and through its lucrative AmEx partnership, which grew 10% YoY.

Looking ahead, Delta could continue to benefit from falling fuel costs if geopolitical tensions remain to ease. With interest rates likely to come down and consumer sentiment gradually improving, the setup heading into fall looks increasingly favorable.

Competitors are trimming capacity after summer peaks, giving Delta room to optimize pricing in key markets.

For investors seeking to capitalize on the travel rebound without chasing high-beta names, Delta may still offer a runway, especially if earnings momentum persists and oil prices remain in check.

Consumer Discretionary

$10 Billion Deal Could Give Starbucks the Jolt It Needs

Shares of Starbucks (NASDAQ: SBUX) edged lower today even after reports emerged that nearly 30 bidders have submitted offers for a stake in the company’s China business, with valuations topping $10 billion.

The proposed sale could provide a cash infusion and a strategic reset at a time when Starbucks has struggled to recapture its pandemic-era highs. The stock is still trading nearly 15% below its 2021 peak of $111, despite a five-year gain of 28%.

According to CNBC, interested parties include major global private equity players such as KKR and Carlyle, alongside domestic firms like Centurium Capital and Hillhouse. The deal, which could be finalized by year-end, is expected to leave Starbucks with a sizable minority stake, giving the company both flexibility and ongoing exposure to China’s long-term growth story.

The move resembles McDonald’s successful divestment strategy in China and comes amid mounting pressure to reignite sales after a multi-year decline in market share.

With Chinese consumers shifting to local and lower-cost alternatives, Starbucks has recently reduced prices, introduced sugar-free options, and appointed former digital executive Molly Liu to lead its turnaround in the country.

Looking ahead, if this deal boosts capital and accelerates Starbucks’ local strategy, it could mark the turning point investors have been waiting for.

After years of technical resistance near $100, the setup could favor a breakout, especially if consumer demand rebounds and China growth stabilizes.

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Consumer Tech

Prime Day Surge Could Deliver a Breakout for Amazon Stock

U.S. online sales soared nearly 10% to $7.9 billion during the first 24 hours of Prime Day, according to Adobe Analytics, marking the biggest e-commerce day of 2025 so far.

The event, which runs through Friday, is Amazon’s (NASDAQ: AMZN) longest-running Prime Day yet, and early numbers indicate strong demand for home and outdoor categories, despite uncertainty surrounding U.S. tariffs.

Amazon shares are up only 1% year-to-date, lagging behind the broader tech sector, and currently sit near January levels despite signs of a consumer resurgence. June’s robust U.S. jobs report, combined with cooling inflation and the potential for interest rate cuts, has boosted confidence in consumer discretionary spending.

If fears of a full-blown trade war fade and tariffs prove more bark than bite, Amazon’s stock could have room to run.

The extended Prime Day format, now a 96-hour event, is changing buyer behavior, with consumers spreading purchases across four days. Amazon CEO Andy Jassy has also downplayed tariff concerns, saying prices haven’t “appreciably gone up.”

And with Amazon’s ecosystem of Prime loyalty, AWS growth, and cost discipline, stronger-than-expected Prime results could act as a catalyst for a second-half rally.

Investors eyeing a breakout may want to watch if Amazon can break resistance and capitalize on an improving consumer and macro environment.

Movers and Shakers

Energy Fuels Inc. [UUUU] – Last Close: $5.59

Energy Fuels is a leading U.S. producer of uranium and rare earth elements, and its Arizona-based Pinyon Plain mine is quickly becoming a standout. In Q2, the company mined 638,700 pounds of uranium, over a third of it in June, while ore purity improved to 3.51%, boosting efficiency and long-term potential.

Shares are up nearly 7% premarket, continuing last week’s rally after Cantor Fitzgerald upgraded the stock to Buy with a $7.17 price target. With uranium prices around $77/lb and profitability expected in 2026, investors are betting on a turnaround story gaining steam.

My Take: UUUU is shaping up to be a viable U.S.-based nuclear play. The operational improvements and strong pricing backdrop make it one to keep on the radar.

MNTN Inc. [MNTN] – Last Close: $22.50

MNTN is a rising star in connected TV (CTV) advertising, offering AI-powered tools that help businesses, from scrappy startups to household names, reach their target audiences on premium streaming platforms. The company booked $246 million in revenue last year with a 72% gross margin, and just launched one of the year's most buzzworthy IPOs.

Shares are moving again about 4% this morning after a week of bullish analyst initiations. Tigress, Raymond James, and Susquehanna all see major upside, calling MNTN a potential disruptor in the $30B+ CTV ad space. And let’s not forget Ryan Reynolds, the company’s Chief Creative Officer, whose track record in business (Aviation Gin, Mint Mobile) makes this more than a celebrity cameo.

My Take: MNTN looks like it’s still early in its growth arc. With Reynolds as the brand engine and strong institutional backing, this could be one of the most compelling CTV names to watch this summer, especially if it breaks back above $25.

MP Materials Corp. [MP] – Last Close: $30.03

MP Materials is the only fully integrated rare earth mining and magnet manufacturing company in the U.S., supplying critical minerals used in EVs, defense systems, and advanced tech. It operates the massive Mountain Pass mine in California, one of the world's richest rare earth deposits.

Shares are surging 40%+ in premarket trading after the company signed a groundbreaking 10-year partnership with the U.S. Department of Defense. The agreement secures a price floor for rare earth magnets and includes a long-term offtake deal, with the Pentagon also committing multibillion-dollar funding, enough to become MP’s largest shareholder. This move positions MP at the center of America’s national security and industrial strategy.

My Take: MP’s breakout could have staying power. With trade tensions intensifying and reshoring gaining political backing, this rare earths pure play is getting a major strategic boost. The path to free cash flow may take time, but this could be the moment long-term investors have been waiting for.

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Everything Else

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

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