Chegg (NYSE:CHGG) Stock, Quote.Headers.trade-ideas

Chegg

Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

Charles Schwab shutter

News

Intraday Update

Markets

Movers

Trading Ideas

AEON

AMIX

ANGO

ARVN

ATGL

CGBS

CHGG

CMND

EGHT

EOSE

FATE

FNKO

GRNQ

GROM

KOSS

LCFY

MTCH

NAAS

NEGG

NTWK

PACB

RDDT

SANA

SCHW

SFBS

SHOP

SHPW

SILO

SPRC

TKLF

VRPX

ZENV

Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Konskie,,Poland,-,January,05,,2019:,Unitedhealth,Group,Logo,Displayed

JANX

NVAX

UnitedHealth Posts Better-Than-Expected Earnings, Joins AngioDynamics, Bank of America  And Other Big Stocks Moving Higher On Tuesday

Trading Charts on a Display

Pre-Market Outlook

AREB

AVXL

CNTM

DATS

KRKR

OPEN

Qualigen Therapeutics, Inc. - Common Stock

QLGN

SIEB

UAVS

Why Match Group Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Chegg Inc

Shares of The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/SCHW/earnings">second-quarter results.</a>
Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Charles Schwab shares dipped 7.5% to $69.42 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Yoshitsu Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) shares climbed 95.4% to $2.12 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer&#8217;s drug.</li>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares climbed 53.8% to $23.71.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) gained 38% to $3.8503.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) gained 38% to $1.4799.</li>
<li>AEON Biopharma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEON#NYSE">AEON</a>) shares rose 29.2% to $2.9450 after jumping around 63% on Monday.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 27.3% to $0.3055 after declining over 8% on Monday.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) surged 24.7% to $7.39 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.</li>
<li>KWESST Micro Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWE#NASDAQ">KWE</a>) gained 22.8% to $0.4160</li>
<li>Zenvia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) climbed 22.7% to $1.9634. The company announced that it entered into an agreement with Alliance Global Partners to offer and sell Class A common shares up to $20 million.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) rose 21% to $4.4150.</li>
<li>SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) gained 20% to $1.0150.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 19.8% to $10.45.</li>
<li>Alpha Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) climbed 19.2% to $3.42.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares rose 16.1% to $1.01 after surging around 15% on Monday.</li>
<li>NetSol Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTWK#NASDAQ">NTWK</a>) climbed 16% to $3.0501 as the company signed a $16 million agreement with a major automaker to revolutionize digital car buying and leasing experience in the United States.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) gained 15% to $3.6440. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.</li>
<li>8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) gained 13.3% to $2.8450. 8&#215;8. secured a $200 million term loan at reduced interest rate.</li>
<li>Fate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) gained 12.8% to $4.39.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) rose 12.8% to $1.8350. PacBio is expected to hold its quarterly conference call to discuss its second quarter financial results on Wednesday, Aug. 7.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) gained 11.8% to $1.14.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) jumped 11.8% to $10.57</li>
<li>Sana Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) surged 11.7% to $7.11.</li>
<li>ServisFirst Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NASDAQ">SFBS</a>) climbed 10.8% to $78.60 after the company reported better-than-expected second-quarter financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.</li>
<li>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) rose 7.9% to $34.54 after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.</li>
<li>Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) gained 7.7% to $32.27.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares rose 7.3% to $68.92 after B of A Securities upgraded the stock from Neutral to Buy.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 22.1% to $7.15 after jumping 54% on Monday.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares declined 21.4% to $1.08. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.</li>
<li>Zeo Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) fell 18% to $3.23.</li>
<li>Clearmind Medicine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMND#NASDAQ">CMND</a>) fell 16.7% to $1.85. Clearmind Medicine announced the FDA clearance for IND application of MEAI-based CMND-100 oral capsule.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) declined 15.8% to $2.65.</li>
<li>Funko, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) shares fell 13.3% to $8.71.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) fell 13.2% to $0.3010.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares dipped 12.8% to $0.5581 after dipping 10% on Monday.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares fell 8.7% to $37.04. Trump Media &amp; Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.</li>
<li>Greenpro Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares fell 8.5% to $1.08. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.</li>
<li>Grom Social Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) shares declined 7.8% to $0.3945 after gaining around 10% on Monday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) fell 7.1% to $67.83 after Loop Capital downgraded the stock from Buy to Hold.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) fell 7% to $1.9150.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39792248/jim-cramer-says-if-you-sell-this-chinese-ev-stock-now-some-clown-will-be-real-posit">Jim Cramer Says If You Sell This Chinese EV Stock Now, &#8216;Some Clown&#8217; Will Be &#8216;Real Positive About It,&#8217; Wait Until &#8216;All That Stuff Happens</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39792248/jim-cramer-says-if-you-sell-this-chinese-ev-stock-now-some-clown-will-be-real-posit">&#8216;</a></li>
</ul>

Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks were mostly higher, with the Dow Jones index gaining around 550 points on Tuesday.
Shares of UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) rose sharply during Tuesday's session following a <a href="https://www.benzinga.com/news/earnings/24/07/39790051/unitedhealth-q2-earnings-revenue-and-eps-beat-lifts-cyberattack-impact-estimate-reaffirms-profit-ou">second-quarter earnings beat.</a>
The company reported adjusted EPS of $6.80, up from $6.14 a year ago, beating the consensus of $6.66, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. UnitedHealth&#8217;s revenues increased nearly $6 billion (+6.4% Y/Y) to $98.86 billion, beating the consensus of $98.34 billion, led by expansion in people served domestically at Optum and UnitedHealthcare.
UnitedHealth Group shares gained 5.7% to $544.96 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares surged 53.8% to $23.71.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) shares gained 24.7% to $7.39 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) jumped 15% to $3.6440. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.</li>
<li>8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) rose 13.3% to $2.8450. 8&#215;8. secured a $200 million term loan at reduced interest rate.</li>
<li>Fate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) climbed 12.8% to $4.39.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 12.8% to $1.8350. PacBio is expected to hold its quarterly conference call to discuss its second quarter financial results on Wednesday, Aug. 7.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) rose 11.8% to $1.14.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) climbed 11.8% to $10.57</li>
<li>ServisFirst Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NASDAQ">SFBS</a>) gained 10.8% to $78.60 after the company reported better-than-expected second-quarter financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.</li>
<li>Wheels Up Experience Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) rose 10.3% to $3.98.</li>
<li>Janux Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JANX#NASDAQ">JANX</a>) jumped 9.7% to $47.69.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) rose 8.1% to $16.34.</li>
<li>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) gained 7.9% to $34.54 after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.</li>
<li>Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) shares climbed 7.7% to $32.27.</li>
<li>Dream Finders Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>) rose 7.5% to $30.29.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares gained 7.3% to $68.92 after B of A Securities upgraded the stock from Neutral to Buy.</li>
<li>Tempus AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) rose 7% to $39.15. Tempus expanded immuno-oncology portfolio with the launch of AI-enabled, multimodal immune profile algorithmic tests.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) gained 6.7% to $6.70. Newell Brands is expected to release its second quarter 2024 earnings results on Friday, July 26.</li>
<li>The Scotts Miracle-Gro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) rose 5.7% to $65.56.</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) rose 5% to $43.99 following upbeat quarterly results.</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) gained 4.7% to $11.13.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39790965/top-3-health-care-stocks-that-should-keep-you-up-at-night-this-quarter">Top 3 Health Care Stocks That Should Keep You Up At Night This Quarter</a></li>
</ul>

WIIM

Chegg shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight.

Shares of Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) rose sharply in <a href="https://www.benzinga.com/markets/equities/24/07/39785537/tinder-parent-match-group-soars-nearly-9-in-after-hours-trading-as-activist-hedge-fund-starboard">today's pre-market trading</a>.
Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Match Group shares jumped 8% to $34.56 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 89.8% to $0.4556 in pre-market trading after declining over 8% on Monday.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares rose 46% to $1.27 in pre-market trading after surging around 15% on Monday.</li>
<li>AEON Biopharma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEON#NYSE">AEON</a>) shares rose 17.1% to $2.67 in pre-market trading after jumping around 63% on Monday.</li>
<li>36Kr Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) rose 11.1% to $0.33 in pre-market trading. 36Kr Holdings said it has entered into a strategic partnership with Zhi-Tech Group to broaden its business expansion and commercialization initiatives.</li>
<li>ConnectM Technology Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) gained 11% to $2.54 in pre-market trading after dipping 35% on Monday.</li>
<li>AgEagle Aerial Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NASDAQ">UAVS</a>) shares gained 9.1% to $0.4990 in pre-market trading after declining around 5% on Monday.</li>
<li>Siebert Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIEB#NASDAQ">SIEB</a>) shares climbed 8.6% to $1.89 in pre-market trading.</li>
<li>Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) shares surged 8.6% to $2.76 in pre-market trading. Opendoor Technologies is expected to report second quarter financial results after the closing bell on Thursday, Aug. 1.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) gained 5.4% to $3.34 in pre-market trading. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Greenpro Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares fell 20.5% to $0.9384 in pre-market trading. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares declined 17.4% to $1.14 in pre-market trading. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares fell 17.4% to $0.5550 in pre-market trading after jumping 29% on Monday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 15% to $7.80 in pre-market trading after jumping 54% on Monday.</li>
<li>DatChat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) fell 12.2% to $1.66 in pre-market trading. Shares of DatChat jumped around 78% on Monday possibly after the attempted assassination of former President Donald Trump over the weekend.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares fell 9.7% to $0.3493 in pre-market trading after dipping more than 10% on Monday.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares dipped 10.8% to $0.57 in pre-market trading after dipping 10% on Monday.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares fell 8.8% to $37.03 in pre-market trading. Trump Media &amp; Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.</li>
<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) fell 7% to $5.43 in pre-market trading after surging 8% on Monday.</li>
<li>Grom Social Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) shares declined 6.5% to $0.40 in pre-market trading after gaining around 10% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39770427/top-5-consumer-stocks-that-may-explode-in-q3">Top 5 Consumer Stocks That May Explode In Q3</a>

Morgan Stanley analyst Josh Baer upgrades Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) from Underweight to Equal-Weight and lowers the price target from $6.5 to $3.25.

Upgrades

Price Target

Analyst Ratings

Morgan Stanley Upgrades Chegg to Equal-Weight, Lowers Price Target to $3.25

Chegg, a leading student-first online learning platform, announced today that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to advance its AI strategy and drive innovation in education. As part of a five-year agreement with AWS, Chegg is set to capitalize on AWS's advanced AI capabilities to enhance the personalized learning experience for students worldwide.

AMZN

Chegg Selects AWS As Its Preferred Cloud Provider For Next Generation, AI-Powered Student-Focused Learning Solutions

<h3>Gainers</h3>
<ul>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock increased by 16.9% to $3.05 during Wednesday's pre-market session. The company's market cap stands at $311.7 million. </li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) stock rose 14.25% to $38.95. The market value of their outstanding shares is at $1.6 billion. The company's, Q4 earnings came out 2 days ago. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) stock increased by 10.74% to $6.7. The company's market cap stands at $18.7 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares rose 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares rose 10.2% to $0.54. The market value of their outstanding shares is at $2.4 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares rose 8.4% to $2.58. The company's market cap stands at $8.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares declined by 28.9% to $0.39 during Wednesday's pre-market session. The company's market cap stands at $15.8 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares declined by 25.31% to $3.66. The market value of their outstanding shares is at $2.3 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock fell 22.0% to $0.19. The market value of their outstanding shares is at $6.9 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock fell 14.33% to $0.35. The market value of their outstanding shares is at $56.4 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock declined by 10.4% to $1.6. The market value of their outstanding shares is at $5.0 million. </li>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) stock decreased by 8.98% to $1.42. The market value of their outstanding shares is at $17.7 million. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CJET

CLEU

LTRY

SVMH

TRNR

TWOU

VNCE

Connexa Sports Technologies Inc. - Common Stock

YYAI

ZAPP

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

Shares of Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) fell sharply during Tuesday's session after the company reported worse-than-expected FY24 financial results and issued FY25 <a href="https://www.benzinga.com/quote/QMCO/earnings">guidance below estimates</a>.
Quantum shares dipped 44.5% to $0.43 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares jumped 350% to $1.00 after the company issued an update on the pending acquisition of Spetner Associates.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) shares rose 166% to $0.3930 after jumping 30% on Monday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) climbed 80.9% to $2.08 after the company announced a partnership with Carahsoft Technology Corp.</li>
<li>Comtech Telecommunications Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) rose 65% to $3.5801 after the company announced a new $222 million credit facility.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) gained 60.6% to $1.2050. Mustang Bio shares jumped 477% on Monday after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) climbed 39.2% to $0.2342 following fourth-quarter results.</li>
<li>Silk Road Medical, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILK#NASDAQ">SILK</a>) jumped 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share.</li>
<li>Mesa Air Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) gained 23.7% to $1.3990 following upbeat quarterly earnings.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) gained 20.4% to $3.8826 as the company secured multiple orders from the  US Federal and Law Enforcement Organizations of its new tactical system.</li>
<li>La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) jumped 17.7% to $40.11.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) gained 14.6% to $33.59</li>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares rose 14.5% to $0.2049 following better-than-expected fourth-quarter earnings.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) rose 14.2% to $2.9811 after the company announced a restructuring plan and new vision for growth.</li>
<li>Mynd.ai, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYND#NASDAQ">MYND</a>) gained 9.7% to $2.7183.</li>
<li>Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) gained 9.7% to $25.06 following quarterly results.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) climbed 9.4% to $24.96</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) rose 9% to $4.7305 after signing a 10-launch deal with Japanese firm Synspective in Tokyo.</li>
<li>Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) gained 8.7% to $24.57.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) rose 7% to $209.00 after Canaccord Genuity maintained a Buy rating and raised its price target from $214 to $250.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Solidion Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares fell 68.4% to $0.6078.</li>
<li>DermTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) fell 58.4% to $0.1383 after the company filed for Chapter 11 protection and implemented a 20% workforce reduction to preserve cash.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares fell 38.9% to $3.00 after surging 71% on Monday.</li>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 37% to $2.10. Aerwins Technologies named Kiran Sidhu as the company's interim CFO, following resignation of Yinshun He as CFO on June 11. On June 14, the company received final delisting notice from Nasdaq Hearings Panel of Nasdaq Stock Market.</li>
<li>Taysha Gene Therapies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) shares fell 34.5% to $2.64 after the company announced longer-term clinical data from the ongoing REVEAL Phase 1/2 adolescent and adult trial and initial clinical data from the REVEAL Phase 1/2 pediatric trial of TSHA-102 in Rett syndrome.</li>
<li>Zentalis Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZNTL#NASDAQ">ZNTL</a>) dipped 32.7% to $5.64 after the FDA placed a partial clinical hold on ZN-c3-001, DENALI, and TETON monotherapy studies of Azenosertib following two recent deaths due to presumed sepsis in the DENALI study.</li>
<li>Kaival Brands Innovations Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) declined 29% to $2.97</li>
<li>Scinai Immunotherapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares fell 28.6% to $4.00 after gaining 60% on Monday.</li>
<li>Alarum Technologies Ltd – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) fell 27.3% to $25.11.</li>
<li>Azitra Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) dipped 26.2% to $0.16.</li>
<li>Autonomix Medical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares declined 26% to $1.02 as the company announced preliminary results from first five patients in PoC trial for pancreatic cancer pain.</li>
<li>Haoxi Health Technology Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) dipped 19.4% to $4.62.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 18.6% to $0.62 after jumping over 10% on Monday.</li>
<li>Cabaletta Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) shares fell 15.3% to $7.93.</li>
<li>Neurogene Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) dipped 15.3% to $33.88. The company announced that the first patient in Cohort 2 received high-dose NGN-401 gene therapy in the Phase 1/2 trial for female pediatric patients with Rett syndrome.</li>
<li>Polestar Automotive Holding Uk Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) fell 15% to $0.72. Polestar Automotive recently announced geographic expansion and plans to enter seven new markets during 2025.</li>
<li>Earlyworks Co Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares declined 13% to $1.70. Earlyworks regained compliance with Nasdaq Minimum Bid Price Requirement.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares fell 12.3% to $0.21.</li>
<li>Skye Bioscience Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) dipped 12.3% to $9.52. Cantor Fitzgerald analyst Kristen Kluska reiterated Skye Bioscience with an Overweight and maintained a $14 price target.</li>
<li>CureVac BV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) declined 9.4% to $3.15.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) fell 6.2% to $13.18.</li>
<li>Geron Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) declined 5.4% to $4.42.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39380352/nvidia-to-rally-around-53-here-are-10-top-analyst-forecasts-for-tuesday">Nvidia To Rally Around 53%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

ALAR

ASNS

AWIN

AZTR

CABA

CHWY

CMTL

CVAC

DMTK

ELWS

GERN

KARO

KAVL

Kintara Therapeutics, Inc. - Common Stock

KTRA

MBIO

MESA

MYND

NGNE

NLSP

PDCO

PSNY

QMCO

RELI

RKLB

SCNI

SILK

SKYE

SNOA

SYNX

TOST

TSHA

ZNTL

Why Quantum Shares Are Trading Lower By 45%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock moved upwards by 27.5% to $4.68 during Tuesday's regular session. The company's market cap stands at $1.4 million. </li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) shares moved upwards by 17.95% to $40.21. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock increased by 17.88% to $26.89. The market value of their outstanding shares is at $11.7 billion. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock moved upwards by 17.01% to $2.79. The company's market cap stands at $9.3 million. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock increased by 15.7% to $3.02. The company's market cap stands at $308.6 million. </li>
<li>Vacasa (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCSA#NASDAQ">VCSA</a>) shares moved upwards by 14.15% to $5.16. The market value of their outstanding shares is at $74.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) stock decreased by 22.3% to $3.25 during Tuesday's regular session. The company's market cap stands at $9.2 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock decreased by 18.44% to $1.46. The company's market cap stands at $4.5 million. </li>
<li>Polestar Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares decreased by 14.28% to $0.72. The company's market cap stands at $1.5 billion. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares decreased by 11.9% to $0.48. The company's market cap stands at $19.6 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock fell 11.48% to $8.33. The company's market cap stands at $851.6 million. </li>
<li>Lobo EV Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOBO#NASDAQ">LOBO</a>) shares decreased by 10.44% to $1.85. The company's market cap stands at $15.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JMIA

LOBO

VCSA

VLCN

12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Tuesday.
Shares of Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) rose sharply during Tuesday's session <a href="https://www.benzinga.com/quote/PDCO/earnings">following quarterly results</a>.
Patterson Cos posted adjusted earnings of 82 cents per share on sales of $1.723 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Patterson Companies shares climbed 9.7% to $25.06 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Silk Road Medical, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILK#NASDAQ">SILK</a>) shares climbed 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share.</li>
<li>La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) surged 17.7% to $40.11.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) rose 14.6% to $33.59</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) gained 14.2% to $2.9811 after the company announced a restructuring plan and new vision for growth.</li>
<li>Companhia Siderúrgica Nacional (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SID#NYSE">SID</a>) gained 10.6% to $2.4450.</li>
<li>Intra-Cellular Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) rose 9.6% to $75.51 after the company announced topline results from its second Phase 3 trial evaluating Lumateperone as adjunctive therapy for patients with major depressive disorder, meeting primary and key secondary endpoints.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) gained 9.4% to $24.96</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 9% to $4.7305 after signing a 10-launch deal with Japanese firm Synspective in Tokyo.</li>
<li>QuinStreet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNST#NASDAQ">QNST</a>) gained 8.8% to $16.96 after Craig-Hallum upgraded the stock from Hold to Buy and announced a $22 price target.</li>
<li>Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) climbed 8.7% to $24.57.</li>
<li>Ballard Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDP#NASDAQ">BLDP</a>) gained 8.3% to $2.7620 after the company and Vertiv entered a technology partnership.</li>
<li>Cedar Fair, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) rose 7.6% to $51.92. Cedar Fair and Six Flags announced senior management team that will lead combined company following completion of planned merger of equals.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) gained 7.1% to $152.10 after Morgan Stanley reiterated a bullish rating on the stock.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) gained 7% to $209.00 after Canaccord Genuity maintained a Buy rating and raised its price target from $214 to $250.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 5.7% to $156.30 after Wedbush raised its price target on the stock from $130 to $170.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) gained 5.5% to $22.72 after the company announced its collaboration with Danfoss to deliver HPE IT Sustainability Services – Data Center Heat Recovery.</li>
<li>Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) gained 5.4% to $31.87</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39379356/176m-bet-on-occidental-petroleum-check-out-these-3-stocks-insiders-are-buying">$176M Bet On Occidental Petroleum? Check Out These 3 Stocks Insiders Are Buying</a>

BLDP

DELL

ITCI

QNST

Patterson Companies, Silk Road Medical, Micron, Hewlett Packard Enterprise And Other Big Stocks Moving Higher On Tuesday

Chegg Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares are trading higher Tuesday after the company announced a restructuring plan as it refocuses its strategy <a href="https://www.benzinga.com/news/24/06/39367687/chegg-announces-restructuring-plan-whats-going-on-with-the-stock">around its core audience</a>.
What Happened: After the market close on Monday, Chegg announced a restructuring plan including a 23% headcount reduction, a new brand and marketing strategy and a dedication of more resources to its international program.
Chegg said it will refocus on students with a comprehensive course load who are seeking positive learning outcomes. The company plans to diversify its distribution channels and execute on its strategy by reaching students in high school and earlier in college. 
&#8220;Today, we executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth,&#8221; said Nathan Schultz, president and CEO of Chegg.
&#8220;These changes are designed to make us a more focused, more efficient, uncomplicated, and quicker-moving company. Our renewed focus on our core audience – the student – will allow us to address an unmet need with an offering that is differentiated, holistic, and verticalized for education.&#8221;
Chegg expects the restructuring to save the company between $40 million and $50 million in 2025. The company said it remains committed to achieving adjusted EBITDA margin of 30% or greater in 2025 and believes it can deliver at least $100 million in free cash flow next year. Chegg also reiterated its second-quarter guidance from April. 
Don&#8217;t Miss: <a href="https://www.benzinga.com/markets/equities/24/06/39373502/why-rocket-lab-shares-are-gaining-today">Why Rocket Lab Shares Are Gaining Today</a>
CHGG Price Action: Chegg shares were up 18.7% at $3.09 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

What's Going On With Chegg Stock Tuesday?

<h3>Gainers</h3>
<ul>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock increased by 19.9% to $3.13 during Tuesday's pre-market session. The market value of their outstanding shares is at $319.9 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares rose 14.43% to $4.2. The market value of their outstanding shares is at $1.2 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares increased by 12.04% to $0.55. The company's market cap stands at $2.5 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares increased by 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. </li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) stock increased by 9.85% to $37.45. The company's market cap stands at $1.5 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>ToughBuilt Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLT#NASDAQ">TBLT</a>) shares moved upwards by 9.12% to $3.35. The market value of their outstanding shares is at $2.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock fell 30.2% to $0.38 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.5 million. </li>
<li>Meta Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIU#NYSE">AIU</a>) shares decreased by 14.48% to $0.38. The company's market cap stands at $29.4 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock decreased by 12.13% to $0.36. The company's market cap stands at $57.8 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares declined by 10.29% to $3.75. The market value of their outstanding shares is at $10.7 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock fell 10.06% to $1.61. The company's market cap stands at $5.0 million. </li>
<li>MOGU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOGU#NYSE">MOGU</a>) shares fell 8.78% to $2.6. The company's market cap stands at $21.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MOGU

TBLT

12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Chegg shares are trading higher after the company announced a restructuring plan including a headcount reduction, a new brand and marketing strategy and a dedication of more resources to its international program.

Needham analyst Ryan MacDonald reiterates Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Chegg

Shares of Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) rose sharply in today's pre-market trading after the company announced a restructuring plan and new<a href="https://www.benzinga.com/news/24/06/39367687/chegg-announces-restructuring-plan-whats-going-on-with-the-stock"> vision for growth</a>.
The restructuring plan will include a 23% headcount reduction, a refocus on students with a comprehensive course load and dedication of more resources to its international program.
Chegg shares jumped 20.7% to $3.15 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) rose 112.2% to $2.44 in pre-market trading after the company announced a partnership with Carahsoft Technology Corp.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) shares rose 62.8% to $0.2415 in pre-market trading after jumping 30% on Monday.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) gained 46.7% to $1.10 in pre-market trading. Mustang Bio shares jumped 477% on Monday after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) gained 27.6% to $2.36 in pre-market trading after the company regained full compliance with Nasdaq Listing Standards.</li>
<li>Big Tree Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) shares climbed 26.7% to $2.42 in pre-market trading after dipping around 28% on Monday.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares rose 14.5% to $0.2050 in pre-market trading.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) shares gained 11.4% to $1.96 in pre-market trading after gaining 33% on Monday.</li>
<li>Addentax Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) rose 11.4% to $1.00 in pre-market trading after falling around 10% on Monday.</li>
<li>Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares climbed 9% to $4.38 in pre-market trading after gaining around 10% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>AERWINS Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 48.8% to $1.71 in pre-market trading. Aerwins Technologies named Kiran Sidhu as the company's interim CFO, following resignation of Yinshun He as CFO on June 11. On June 14, the company received final delisting notice from Nasdaq Hearings Panel of Nasdaq Stock Market.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares fell 38% to $0.4838 in pre-market trading following weaker-than-expected FY 2024 results.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares fell 22.9% to $3.78 in pre-market trading after surging 71% on Monday.</li>
<li>Connexa Sports Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) fell 16.3% to $0.46 in pre-market trading after dipping over 18% on Monday. Connexa Sports Technologies announced a 1-for-20 reverse split to regain Nasdaq compliance.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares fell 13.3% to $0.2080 in pre-market trading.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 13.2% to $0.6670 in pre-market trading after jumping over 10% on Monday.</li>
<li>Earlyworks Co Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares declined 12.2% to $1.72 in pre-market trading. Earlyworks regained compliance with Nasdaq Minimum Bid Price Requirement.</li>
<li>Chijet Motor Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares dipped 12.2% to $0.36 in pre-market trading after jumping over 10% on Monday.</li>
<li>Scinai Immunotherapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares fell 11.6% to $4.94 in pre-market trading after gaining 60% on Monday.</li>
<li>NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) fell 6.7% to $67.45 in pre-market trading after the company announced it will sell equity units.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39371340/s-p-500-nasdaq-close-at-record-highs-as-wall-street-turns-bullish-amid-improving-investor-sentiment">S&amp;P 500, Nasdaq Close At Record Highs As Wall Street Turns Bullish Amid Improving Investor Sentiment</a>

ATXG

EVTV

FLYE

GWAV

Why Chegg Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares are trading higher Monday after the company announced a restructuring plan and <a href="https://www.benzinga.com/pressreleases/24/06/b39366840/chegg-announces-restructuring-plan-and-new-vision-for-growth">new vision for growth.&nbsp;</a>
The Details: The restructuring plan will include a 23% headcount reduction, a refocus on students with a comprehensive course load and dedication of more resources to its international program. 
The company also said it will execute a new brand and marketing strategy, including reaching students in high school and earlier in college, diversify distribution channels and simplify systems and processes. 
The company expects to realize non-GAAP expense savings of $40 million to $50 million in 2025 from 441 employee departures, the closure of two offices outside of the U.S., as well as other cost rationalizations.&nbsp;
Chegg expects to incur a $10 million to $14 million charge related to the restructuring, with roughly half in the second quarter, and substantially the charges will be incurred by the fourth quarter of 2024.
"Today, we executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth,&#8221; said Nathan Schultz, Chegg president and CEO. 
&#8220;These changes are designed to make us a more focused, more efficient, uncomplicated, and quicker-moving company. Our renewed focus on our core audience — the student — will allow us to address an unmet need with an offering that is differentiated, holistic, and verticalized for education.&#8221;
CHGG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Chegg shares are up 23.56% after-hours at $3.23 at the time of publication Monday.
Related News:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39363817/whats-going-on-with-palantirs-stock"> What&#8217;s Going On With Palantir&#8217;s Stock?</a>
Photo: Shutterstock

Education

After-Hours Center

Chegg Announces Restructuring Plan: What's Going On With The Stock?

Chegg is now leaner and more focused, allowing teams to innovate faster and deliver on the Student First mission
Chegg, a leading student-first online learning platform, announced a restructuring plan today and published a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.chegg.com%2FShareholderLetter%2F&amp;esheet=54069114&amp;newsitemid=20240617323391&amp;lan=en-US&amp;anchor=Shareholder+Letter&amp;index=1&amp;md5=391cd7d2a83ac0315475aa7d85fc3024">Shareholder Letter</a> describing its comprehensive strategy to refocus the company on its core audience – students – and provide 360 degrees of individualized support to learners in high school, college, and around the world.
&nbsp;
The restructuring includes the departure of 441 employees, which represents 23% of Chegg's global workforce. In 2025, the company expects to realize non-GAAP expense savings of $40 million to $50 million from employee departures, the closure of two offices outside of the United States, as well as other cost rationalizations. Chegg expects to incur a $10 million to $14 million charge related to the restructuring, with roughly half in the second quarter, and substantially the charges will be incurred by the fourth quarter of 2024.

Management

Chegg To Reduce Its Global Headcount By 23% To Become A Leaner, More Efficient Organization, Increasing The Speed Of Innovation And Aligning Its Expense Base With Near-term Revenue Trends; Expects The Restructuring Will Result In Non-GAAP Expense Savings For 2025 Of $40M-$50M

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>)</h3>
<ul>
<li>On April 25, Whirlpool reported first-quarter financial results. The company announced that it is currently evaluating certain follow-on restructuring actions for the remainder of 2024 and expects to incur about $50 million of restructuring charges. The company's stock fell around 11% over the past month and has a <a href="https://www.benzinga.com/quote/WHR">52-week low of $84.18</a>.</li>
<li>RSI Value: 23.29</li>
<li>WHR Price Action: Shares of Whirlpool fell 2.3% to close at $84.78 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://pro.benzinga.com/dashboard">latest WHR news</a>.</li>
</ul>
<figure class="wp-block-image size-large is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="401" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30042929/Screenshot-2024-05-30-at-1.59.19-PM-1024x401.png" alt="" class="wp-image-362485" style="width:919px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30042929/Screenshot-2024-05-30-at-1.59.19-PM-1024x401.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30042929/Screenshot-2024-05-30-at-1.59.19-PM-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30042929/Screenshot-2024-05-30-at-1.59.19-PM-768x301.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30042929/Screenshot-2024-05-30-at-1.59.19-PM.png 1426w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 29, Chegg reported first-quarter financial results and named Nathan Shultz as CEO. &#8220;We had a very productive first quarter and successfully rolled out the first of many AI enabled experiences that will strengthen our product-market fit in 2024 and beyond,&#8221; said Nathan Schultz, incoming CEO &amp; President. The company's stock fell around 29% over the past month. It <a href="https://www.benzinga.com/quote/CHGG">has a 52-week low</a> of $3.51.</li>
<li>RSI Value: 18.08</li>
<li>CHGG Price Action: Shares of Chegg gained 1.1% to close at $3.67 on Wednesday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's charting tool</a> helped identify the trend in Chegg's stock.</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043125/Screenshot-2024-05-30-at-2.01.18-PM-1024x560.png" alt="" class="wp-image-362486" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043125/Screenshot-2024-05-30-at-2.01.18-PM-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043125/Screenshot-2024-05-30-at-2.01.18-PM-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043125/Screenshot-2024-05-30-at-2.01.18-PM-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043125/Screenshot-2024-05-30-at-2.01.18-PM.png 1429w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>)</h3>
<ul>
<li>On March 21, Winnebago Industries reported a second-quarter FY24 sales decline of 18.8% year-on-year to $703.60 million, missing the analyst consensus estimate of $706.45 million. President and Chief Executive Officer Michael Happe commented, "Winnebago Industries performed in line with our expectations for the quarter, navigating the effects of ongoing softness in the RV and marine markets." The company's stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/WGO">low of $55.00</a>.</li>
<li>RSI Value: 29.86</li>
<li>WGO Price Action: Shares of Winnebago Industries fell 1.6% to close at $58.64 on Wednesday.</li>
<li>Benzinga Pro's financials section was used to monitor <a href="https://pro.benzinga.com/dashboard">Winnebago's performance.</a></li>
</ul>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044253/Screenshot-2024-05-30-at-2.12.46-PM-1024x552.png" alt="" class="wp-image-362516" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044253/Screenshot-2024-05-30-at-2.12.46-PM-1024x552.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044253/Screenshot-2024-05-30-at-2.12.46-PM-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044253/Screenshot-2024-05-30-at-2.12.46-PM-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044253/Screenshot-2024-05-30-at-2.12.46-PM.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>)</h3>
<ul>
<li>On May 29, the company reported first-quarter earnings per share of 67 cents, beating the street view of 64 cents. Net sales totaled $3.406 billion in the first quarter of 2024, a 0.3% decrease from the prior year&#8217;s first quarter. The company's shares lost around 11% over the past five days. The company's 52-week low is $47.73.</li>
<li>RSI Value: 24.02</li>
<li>AAP Price Action: Shares of Advance Auto Parts fell 11% to close at $62.48 on Wednesday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's signals feature</a> notified of a potential breakout in Advance Auto Parts shares.</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043658/Screenshot-2024-05-30-at-2.06.50-PM-1024x570.png" alt="" class="wp-image-362497" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043658/Screenshot-2024-05-30-at-2.06.50-PM-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043658/Screenshot-2024-05-30-at-2.06.50-PM-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043658/Screenshot-2024-05-30-at-2.06.50-PM-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30043658/Screenshot-2024-05-30-at-2.06.50-PM.png 1395w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<h3 class="wp-block-heading">Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>)</h3>
<ul>
<li>On May 13, Boyd Gaming announced an additional $500 million share repurchase authorization. The company's shares fell around 8% over the past five days. The company <a href="https://www.benzinga.com/quote/BYD">has a 52-week low</a> of $49.34.</li>
<li>RSI Value: 26.03</li>
<li>BYD Price Action: Shares of Boyd Gaming rose 0.4% to close at $50.58 on Wednesday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Key Data for Boyd Gaming</a> was monitored using Benzinga Pro.</li>
</ul>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="554" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044112/Screenshot-2024-05-30-at-2.11.01-PM-1024x554.png" alt="" class="wp-image-362510" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044112/Screenshot-2024-05-30-at-2.11.01-PM-1024x554.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044112/Screenshot-2024-05-30-at-2.11.01-PM-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044112/Screenshot-2024-05-30-at-2.11.01-PM-768x416.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/30044112/Screenshot-2024-05-30-at-2.11.01-PM.png 1367w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/39077852/dollar-general-salesforce-and-3-stocks-to-watch-heading-into-thursday">Dollar General, Salesforce And 3 Stocks To Watch Heading Into Thursday</a>

Long Ideas

Top 5 Consumer Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>)</h3>
<ul>
<li>On May 9, Papa John's reported a first-quarter fiscal 2024 decline of 2.5% year-over-year to $513.92 million, missing the consensus of $544.45 million. "Our teams are taking a disciplined approach to running the business, improving restaurant-level margins and increasing operating profits despite a challenging environment in the first quarter," said Ravi Thanawala, Papa Johns Interim Chief Executive Officer and Chief Financial Officer. The company's stock fell around 15% over the past month and has a <a href="https://www.benzinga.com/quote/PZZA">52-week low of $51.82 </a>.</li>
<li>RSI Value: 22.11</li>
<li>PZZA Price Action: Shares of Papa John&#8217;s rose 0.5% to close at $52.55 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 29, Chegg reported upbeat first-quarter financial results, but issued weak revenue forecast for the second quarter. Chegg also announced the appointment of Nathan Schultz as Chief Executive Officer, effective June 1. "We had a very productive first quarter and successfully rolled out the first of many AI enabled experiences that will strengthen our product-market fit in 2024 and beyond," said Nathan Schultz, incoming CEO &amp; President. " The company's stock fell around 32% over the past month. It <a href="https://www.benzinga.com/quote/CHGG">has a 52-week low </a> of $4.51.</li>
<li>RSI Value: 25.02</li>
<li>CHGG Price Action: Shares of Chegg gained 2.4% to close at $4.68 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</h3>
<ul>
<li>On May 2, Expedia Group lowered its full-year guidance. "Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full year guidance to a range of mid to high single digit top line growth with margins relatively in line versus last year. Despite this slower than expected acceleration, the underpinning of the work we have done on the platform is in place and I have every confidence in the teams to continue to leverage these capabilities to drive even stronger growth," Peter Kern, CEO of Expedia Group said. The company's stock fell around 12% over the prior month and has a 52-week <a href="https://www.benzinga.com/quote/EXPE">low of $91.92</a></li>
<li>RSI Value: 29.60</li>
<li>EXPE Price Action: Shares of Expedia rose 0.7% to close at $113.48 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38835382/investor-optimism-improves-ahead-of-cpi-report-nasdaq-settles-at-record-high">Investor Optimism Improves Ahead Of CPI Report, Nasdaq Settles At Record High</a>

EXPE

PZZA

Top 3 Consumer Stocks That Could Blast Off This Month

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
I&rsquo;ve got a surprising fact for you:



New technologies are often astonishingly S&hellip; L&hellip; O&hellip; W&hellip; to take off.



In 1950, there were only 25 million registered vehicles in America, or one for every six people. Though Henry Ford had introduced the Model T more than four decades earlier, many families still saw no reason to buy a car.



That&rsquo;s because, besides &ldquo;working,&rdquo; cars &mdash; like all new technologies &mdash; needed three other ingredients to succeed:



<ol><li>Infrastructure. Cars need roads, gas stations and service centers.</li>



<li>Culture. People must want to drive.</li>



<li>Incentives. Car-friendly regulations need to be in place.</li>
</ol>In the automobile&rsquo;s case, the technology required the National Highway System expansion of 1955, suburbanization and a rise of American car culture before it could truly take off. By 1970, there were 118 million cars on the road. By 1990, almost <a href="https://diminishedvalueofgeorgia.com/us-vehicle-registrations-the-road-from-1990-to-2022/">200 million</a>.



The automobile also illustrates how these three ingredients develop in phases. The Official Microsoft Blog calls December 20, 1922, &ldquo;<a href="https://blogs.microsoft.com/today-in-tech/day-horse-lost-job/">The Day the Horse Lost Its Job</a>&rdquo; after New York City&rsquo;s last horse-drawn fire wagon was replaced with a motorized engine. Streetcar usage declined soon after, when motor cars began clogging up streets. It would take several more decades for railways to eventually succumb; between 1967 and 1972, six major railroads went bankrupt after competition from trucks and other intermodal transport options ate into profits.



The same was true for the fax machine, the personal computer and &hellip; even the internet. Infrastructure, culture and incentives are built in stages. That&rsquo;s why Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) &ldquo;beat&rdquo; booksellers decades ago, yet still has trouble competing against fresh grocers and big-box stores like Costco (NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>).



Today, the same battle is taking shape with artificial intelligence.



Some businesses will survive for decades against this new technology. Surgeons, structural engineers and hang-gliding instructors all work with life-or-death situations. So, while AI might enhance the jobs in the near term, it would take significant cultural and regulatory shifts to replace these positions with AI.



But other companies are already beginning to struggle. These firms are finding themselves on the wrong side of history&hellip; and are failing to mount a counteroffensive.



This week, the writers and analysts at InvestorPlace.com consider three categories of firms &ndash; and nine stocks among them &ndash; that are especially exposed to &ldquo;losing their job&rdquo; in these early days of artificial intelligence&hellip;



<h2>Low-End Content Creation: Where AI Will Hurt the Most</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/writer-keyboard-laptop-1600-300x169.png" alt="A photo of a person's hands on a laptop keyboard. Several notebooks are on a desk surrounding the laptop."><div>Source: Undrey / Shutterstock.com</div></div>The lowest-hanging fruit for an AI takeover may be generic content creation &ndash; the stock imagery, clickbait articles and other low-quality content you see online.



That&rsquo;s because AI already has the three ingredients to compete:



<ol><li>Infrastructure. AI-generated content is now often indistinguishable from generic human-created stuff.</li>



<li>Culture. Consumers are becoming more accepting of low-quality AI-generated content.</li>



<li>Incentives. Regulations around AI-generated content is lax, so companies have an incentive to cut costs by using AI.</li>
</ol>NBC, for instance, found it wise to launch an AI version of announcer Al Michaels to read sports recaps from the Paris 2024 Olympics. Similarly, here are three companies that could soon see their content-producing &ldquo;jobs&rdquo; replaced by AI:



<ul><li>Shutterstock (NYSE:<a href="https://investorplace.com/stock-quotes/sstk-stock-quote/">SSTK</a>). This week at InvestorPlace.com, Thomas Niel notes that Executive Chairman Jonathan Oringer is selling millions of dollars&rsquo; worth of shares into strength &ndash; <a href="https://investorplace.com/2023/06/small-cap-stocks-to-sell-7-that-have-insiders-running-for-the-exit/">a big red flag in his book</a>. The company specializes in stock images and footage, which are at risk of being replaced by AI-generated content.</li>



<li>IZEA Worldwide(NASDAQ:<a href="https://investorplace.com/stock-quotes/izea-stock-quote/">IZEA</a>). InvestorPlace Chief Investment Analyst Luke Lango previously turned bearish on this content creation firm&hellip; <a href="https://investorplace.com/hypergrowthinvesting/2021/08/why-we-are-losing-faith-in-izea-stock/">in 2021</a>. He saw how much trouble the firm&rsquo;s influencer-marketing-as-a-service was running into. Now, at InvestorPlace.com, we note how the firm is missing on <a href="https://investorplace.com/earning-results/2024/05/izea-stock-earnings-izea-worldwide-for-q1-of-2024/">earnings and revenues </a>&ndash; a bearish sign of more losses to come.</li>



<li>Fiverr International (NYSE:<a href="https://investorplace.com/stock-quotes/fvrr-stock-quote/">FVRR</a>). In April, Ian Bezek noted that there were good reasons to be skeptical of Fiverr, an online marketplace for freelancers offering their services. He notes that <a href="https://investorplace.com/2024/04/3-ai-stocks-to-sell-in-april-before-they-crash-burn/">AI will be able to perform many rudimentary tasks offered by Fiverr in coming years</a>. A recent 20% price spike now gives investors an ideal window to take profits.</li>
</ul><h2>Midtier Services: The Next to Fall</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/textbooks-300x169.jpg" alt="A stack of open textbooks on a table in front of a chalkboard background."><div>Source: Shutterstock</div></div>Professional services will be the next area to worry about. This segment still lacks some of the infrastructure required to turn AI into usable products. (Data collection remains a fragmented and incomplete industry, making it difficult to train specialized AI.) There&rsquo;s also a culture issue of relying on AI to do important (though nonessential) tasks. The IRS will probably reject &ldquo;AI did my taxes&rdquo; as a reason to waive tax penalties.



Nevertheless, it&rsquo;s only a matter of time before AI grows &ldquo;smart&rdquo; enough to compete. Our analysts find two companies that are already seeing earnings drop as a result.



<ul><li>Chegg (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>). Louis Navellier and his team note that <a href="https://investorplace.com/market360/2024/05/7-f-rated-stock-picks-to-avoid-like-the-plague-in-may/">Chegg is facing some critical problems due to the rise of artificial intelligence</a>. Generative AI platforms are able to help students &ndash; and even do work for them &ndash; cutting into demand for the homework assistance and online tutoring services that Chegg provides. Earnings are expected to slide 8% this year.</li>



<li>2U (NASDAQ:<a href="https://investorplace.com/stock-quotes/twou-stock-quote/">TWOU</a>). Muslim Farooque <a href="https://investorplace.com/2024/01/3-stocks-to-sell-before-its-too-late-navigating-the-2024-market-landscape/">warned in January</a> that online education firm 2U was struggling with mounting debt costs and continuous cash burn. Shares have fallen 82% since that article. The rise of AI is now compounding this issue, because chatbots are increasingly able to tutor and help with homework. This month, 2U announced it will do a 1-for-30 reverse stock split, which is a historic sign of more losses to come.</li>
</ul><h2>Crowding Out: The Small Become Smaller</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/data1600e-300x169.jpg" alt="a stock image of a person working on data charts using a futuristic computer."><div>Source: Shutterstock</div></div>Finally, the rise of AI will favor larger tech companies with access to data and enough computing power to use it. To borrow the same automobile example from earlier, it&rsquo;s like Ford Motor (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) or General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) using its dominant positions in the 1920s and 1930s to develop more powerful and efficient engines, crowding out smaller players like Brewster, Durant Motors and hundreds of others.



That puts smaller firms at a disadvantage, as the writers at InvestorPlace.com note this month. AI is already consolidating some fragmented markets, and the trend will only continue as artificial intelligence widens this gap between the &ldquo;haves&rdquo; and &ldquo;have-nots.&rdquo;



<ul><li>Veritone (NASDAQ:<a href="https://investorplace.com/stock-quotes/veri-stock-quote/">VERI</a>). Muslim Farooque observes that this AI-powered media and advertising company is <a href="https://investorplace.com/2023/06/3-ai-stocks-to-sell-in-june-before-they-crash-and-burn/">at the mercy of Amazon</a>. Veritone relies on the tech giant for 30% of its sales, and its data intelligence offerings could be quickly eclipsed if the tech giant horizontally expands into the space. Viktor Zarev goes further and calls Veritone <a href="https://investorplace.com/2024/06/3-ai-stocks-that-ai-bots-think-you-should-sell/">another generic AI service provider with no competitive moat</a>.</li>



<li>BigBear.ai Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/bbai-stock-quote/">BBAI</a>). Ian Bezek writes how this AI data mining and analytics firm is losing significant contracts at a time when larger rivals are growing. &ldquo;Stop and think about that for a minute,&rdquo; <a href="https://investorplace.com/2024/06/ai-stock-alert-3-companies-destined-for-a-pitiful-plunge/">he notes in a recent update</a>. &ldquo;In the midst of the biggest imaginable AI boom possible, BigBear.ai&rsquo;s revenues plunged 22% over the past 12 months.&rdquo; The company competes directly against public cloud firms like Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), which have far greater financial resources.</li>



<li>SoundHound AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>). Tyrik Torres calls SoundHound <a href="https://investorplace.com/2024/06/3-overhyped-stocks-to-sell-in-june-before-they-crash-burn/">an overhyped stock to sell before it crashes and burns</a>. He notes that the the company&rsquo;s product is &ldquo;not very unique&rdquo; from what is already on the market, which puts it in direct competition with better-funded firms like Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) and Samsung, which have their own top-tier vocal-recognition software.</li>



<li>Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>). Finally, Louis Navellier and his team observe this week that Intel <a href="https://investorplace.com/market360/2024/06/intel-stock-at-30-bargain-buy-or-overvalued-tech-giant/">continues to fall behind rivals</a>. &ldquo;AI and foundry growth revival is far from a near-certainty for INTC,&rdquo; they say. They see shares falling into the mid-$20s by 2025. Analysts predict the firm will only grow its research and development (R&amp;D) budget in the low single-digits through 2027, right as rivals are upping their R&amp;D spending by 60% or more annually.</li>
</ul><h2>The Internet&hellip; but 10X Bigger</h2>



The AI developments I&rsquo;ve been describing are exactly what happened with the internet in the early 2000s. Poorly run firms without the ability to adapt were the first to get wiped out. Service providers like travel agencies were next. Finally, smaller tech players disappeared as large internet firms took over.



And almost all new technologies follow this same arc.



But major technologies and the investing mania that follow them don&rsquo;t come around very often&hellip; maybe once every generation. In fact, Louis Navellier is predicting that AI will be the <a href="https://secure.investorplace.com/?cid=MKT803991&amp;eid=MKT808539&amp;step=start&amp;plcid=PLC211374">last major financial mania</a> that he or anyone over the age of 50 will see in time to capitalize on it.



Louis talks about all that &ndash; plus what &ldquo;financial mania&rdquo; could lead to the rise of a &ldquo;New America&rdquo; that&rsquo;ll be almost unrecognizable to anyone from our generation &ndash; in more detail in his brand-new special event, <a href="https://secure.investorplace.com/?cid=MKT803991&amp;eid=MKT808539&amp;step=start&amp;plcid=PLC211374">Prediction 2024</a>.



<a href="https://secure.investorplace.com/?cid=MKT803991&amp;eid=MKT808539&amp;step=start&amp;plcid=PLC211374">You can check out that free event by going here.</a>



On the date of publication, Thomas Yeung owned shares of Alphabet (GOOG, GOOGL). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
<div>Thomas Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung&rsquo;s Profit &amp; Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/9-stocks-to-sell-as-ai-surges-ahead/">9 Stocks to Sell as AI Surges Ahead</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

9 Stocks to Sell as AI Surges Ahead

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s a good time to consider how your portfolio&rsquo;s doing now that we&rsquo;re halfway through 2024. While the S&amp;P 500 and the Nasdaq composite both show gains more than16%, the Dow Jones Industrial Average lags with a gain of only 4% for the year. It&rsquo;s time to look for F-rated stocks to sell.



When you&rsquo;re choosing your own stocks to invest, your goal is to outperform the indexes, or the performance that you would have by putting your money into an index fund. That means that to succeed in 2024, your portfolio should show at least a 20% gain right now.



If it&rsquo;s not, then you should be looking to make changes. And you should be figuring out if you have F-rated stocks to sell before they inflict any more damage to your holdings.



Just having one or two F-rated stocks to sell can suck the juicy returns out of any portfolio. 



With the market still red-hot for <a href="https://investorplace.com/industries/technology/">technology stocks</a> involved in advancing artificial intelligence, it doesn&rsquo;t make any sense for any investor to hold onto their F-rated stocks when there are better ones to choose from.



The Portfolio Grader will tell you if you have any F-rated stocks to sell. It&rsquo;s a free tool that evaluates stocks based on earning performance, growth, momentum and analyst sentiment. 



I&rsquo;ve collected the names of a few of these disappointing equities &mdash; if you&rsquo;re investing in any of these names, you need to make some changes.



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/spce1600-300x169.jpg" alt="Virgin Galactic (SPCE) billboard on the New York Stock Exchange, across from the Fearless Girl statue. aerospace stocks"><div>Source: Tun Pichitanon / Shutterstock.com</div></div>Virgin Galactic (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>) was once a hot stock &mdash; it sold investors and speculators alike on the idea of space tourism, in which anyone could pay $250,000 and take an unforgettable journey outside the Earth&rsquo;s atmosphere.



Founder Richard Branson is a dreamer and visionary, and he even managed to win the so-called billionaire space race by beating SpaceX (operated by Elon Musk) and Blue Origin (owned by Jeff Bezos) into suborbital flight.



But as time marches on and delays mount, investors lost a lot of confidence in the stock. The company was forced to go through the embarrassing spectacle of a 1-for-20 reverse stock split just to get the stock price back over $1 and maintain New York Stock Exchange listing requirements.



But the split may have been the final straw for many investors. SPCE stock dropped dramatically on the heels of the reverse split announcement.



Virgin Galactic has been a publicly traded company for five years, but it&rsquo;s no closer to achieving Branson&rsquo;s vision. The plan now is to complete and launch its Delta line of ships in 2026.



I think it&rsquo;s more likely that SPCE stock will go belly-up before it can have a consistent product to sell. Virgin Galactic stock is down 83% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/plug1600-7-300x169.png" alt="In this photo illustration, the Plug Power logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) stock is another name that showed a lot of promise a few years ago. The company makes batteries that uses hydrogen and oxygen to produce electricity, with water vapor as being the only byproduct.



It seemed to be an ideal solution for corporations and cities that were looking to convert to green energy standards rather than burning through coal, petroleum or natural gas. But Plug Power continues to be a deeply unprofitable venture.



The first quarter saw Plug report revenue of $68.2 million, which was down from $182 million in the previous year. Losses were $159 million, which is a big increase from the $69.3 million it lost in the same quarter a year ago.



Plug <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Announces-First-Quarter-2024-Financial-Results/default.aspx">acknowledged</a> the slow start to the year and says that it expects revenue to increase in the second half the year. But even if correct, the company is a long way from turning a profit.



For investors, PLUG stock is a risk that you shouldn&rsquo;t be taking if you want to outperform the stock market. Plug Power stock is down 45% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Chegg (CHGG)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2019/02/chggmsn-300x200.jpg" alt="A photo of a Chegg Inc (CHGG) sign outside a building."><div>Source: Shutterstock</div></div>That brings us to Chegg (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>), a California educational services company that is going under tremendous changes thanks to the progression of artificial intelligence.



Chegg offers help to students, including homework assistance. It also does online tutoring and rents textbooks.



The problem that Chegg faces is that generative AI gives students new tools to do their homework. ChatGPT can quickly write a 2,000-word essay on Hamlet or Macbeth. 



While that&rsquo;s not a great solution, it&rsquo;s an easy way for kids to get homework help &mdash; or even have their homework done for them. Free AI assistance is a legitimate threat to Chegg&rsquo;s paid business model. And that&rsquo;s why the company is struggling.



In June, the company announced a broad restructuring that involves reducing its head count by 441 employees (23% of the global head count), expanding the international program, and to focus on students who &ldquo;are seeking positive learning outcomes and holistic support.&rdquo;



Chegg says that it expects to see savings between $40 million and $50 million starting in 2025.



Investor reaction has been muted, as the stock really hasn&rsquo;t moved since the mid-June announcement. For the year, CHGG is down 74% and is mired with an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Tonix Pharmaceuticals (TNXP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/pharmaceuticals_tnxp_1600-300x169.png" alt="medicine research, pharmaceutical background, LJPC stock"><div>Source: Sisacorn / Shutterstock.com</div></div>Investing in biopharmaceutical companies can be a challenge. It&rsquo;s not for every investor, particularly when you&rsquo;re working with a company that hasn&rsquo;t developed a strong pipeline of drugs. Often, newer biopharma companies are <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> because investors aren&rsquo;t willing to gamble on a product that could take years to get through the research and development pipeline &mdash; often with nothing to show for it.



Tonix Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/tnxp-stock-quote/">TNXP</a>) works to create drugs and therapies to treat disorders of the central nervous system. It hasn&rsquo;t brought a drug to market yet, but it has a candidate in Phase 3 testing as a possible treatment for fibromyalgia. Tonix also has a therapy in Phase 2 trials that would treat long Covid-19 symptoms.



The company is battling to raise money, with <a href="https://ir.tonixpharma.com/news-events/press-releases/detail/1490/tonix-pharmaceuticals-announces-closing-of-4-0-million">two separate $4 million public offerings in June</a> that added millions of new shares, diluting investors&rsquo; positions at the same time. Tonix also completed a 1-for-32 reverse stock split to regain Nasdaq listing compliance.



The company reported a <a href="https://ir.tonixpharma.com/news-events/press-releases/detail/1469/tonix-pharmaceuticals-reports-first-quarter-2024-financial">net loss of $14.9 million in the first quarter,</a> or 18 cents per share. It only had $7 million in cash on hand at the end of the quarter, which is why raising money was so important.



But the bottom line here is that there are much better pharma companies to invest in now &mdash; particularly if you&rsquo;re trying to get your portfolio up to par in 2024.



TNXP stock is already back below $1 per share, having dropped 93% in 2024. It gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Nauticus Robotics (KITT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/robotics-medical-1600-300x169.jpg" alt="robotic arms over medical bed symbolizing medical robotics. favorite robotics stocks to buy"><div>Source: shutterstock.com/MAD.vertise</div></div>Nauticus Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kitt-stock-quote/">KITT</a>) uses robots underwater to help customers manage and maintain energy, aquaculture and security systems. The idea is that Nauticus&rsquo; robots reduce the need for dive teams and the boat personnel to assist those divers.



And it&rsquo;s making some headway. Nauticus reported that it successfully tested its AUV Aquanaut Mark 2 in the Gulf of Mexico at a depth of 1,300 feet. The company is assembling a second vehicle in Florida, with hopes that both will be generating revenue by the fourth quarter of this year.



But that doesn&rsquo;t reduce the risk of holding KITT stock. The company only had revenue of $500,000 in the first quarter with operating expenses of $6 million. 



It added <a href="https://ir.nauticusrobotics.com/news-events/press-releases/detail/55/nauticus-robotics-announces-results-for-the-first-quarter">$13.3 million</a> in new debt to keep the doors open and to pay for testing. It also won shareholder approval for a <a href="https://ir.nauticusrobotics.com/sec-filings/all-sec-filings">reverse stock split</a> in the future, that could be anywhere from 1-to-6 or as much as 1-to-70.



KITT stock sells for less than 14 cents per share and is down more than 80% in 2024. It gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Ginkgo Bioworks (DNA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/dna_ginkobioworks1600-300x169.png" alt="Person holding mobile phone with logo of American biotechnology company Ginkgo Bioworks Inc. on screen in front of web page. Focus on phone display. Unmodified photo. DNA stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Ginkgo Bioworks (NYSE:<a href="https://investorplace.com/stock-quotes/dna-stock-quote/">DNA</a>) is a Boston company founded by five scientists. It uses genetic engineering to produce bacteria for industrial applications for other biotech companies. But it&rsquo;s been more in the news lately for its across-the-board layoffs and cost-cutting measures.



Ginkgo laid off over 400 workers, or at least 35% of its workforce as part of a multiyear cost-cutting plan. Exchange-traded funds owned by ARK Invest and managed by Cathie Wood <a href="https://www.genengnews.com/gen-edge/stockwatch-layoffs-ark-selloff-sink-ginkgo-bioworks/#:~:text=Stung%20by%20Scorpion&amp;text=Scorpion%20denounced%20Ginkgo%20as%20employing,Capital%20contended%20in%20October%202021.">sold off more than 70 million shares of DNA stock</a> &mdash; an apparent indication that Wood has lost confidence in the company&rsquo;s growth potential.



Earnings for the first quarter included revenue of $37.9 million, down from $80.7 million a year ago. The company posted a loss of $165.9 million for the quarter or 8 cents per share.



DNA stock is down 77% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Workhorse (WKHS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/wkhs1600-300x169.png" alt="Person holding cellphone with logo of American electric vehicle company Workhorse Group Inc. (WKHS) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Workhorse (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>). The company is an electric vehicle company that provides commercial products for last-mile delivery.



A couple of years ago, Workhorse was considered by many to be a can&rsquo;t-miss stock because the U.S. Postal Service was looking to replace its 229,000 mail trucks with an EV product. 



Workhorse appeared to be suited for the job and was one of three finalists before the contract was awarded to Oshkosh Defense, a subsidiary of Oshkosh (NYSE:<a href="https://investorplace.com/stock-quotes/osk-stock-quote/">OSK</a>). 



Workhorse immediately lost billions in market capitalization and never recovered. It only generated $13 million in sales in 2023, with a loss of $123 million.



Revenue in the first quarter was only <a href="https://ir.workhorse.com/news-events/press-releases/detail/257/workhorse-group-reports-first-quarter-2024-results">$1.3 million</a>, while the company posted a net loss of $29.1 million and 10 cents per share for the quarter.



WKHS just regained Nasdaq compliance by completing a 1-for-20 reverse stock split, but that doesn&rsquo;t make the stock any more palatable. Workhorse is down 81% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://url.us.m.mimecastprotect.com/s/AAadCPNlWWs3yKYns0yRM6?domain=investorplace.com/">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/market360/2024/07/7-f-rated-stocks-to-sell-in-july/">7 F-Rated Stocks To Sell in July</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 F-Rated Stocks To Sell in July

Morgan Stanley analyst Josh Baer upgraded the rating on Chegg (CHGG – Research Report) to a Hold today, setting a price target of $3.25. Josh Baer ...

Chegg's Hold Rating Amid Restructuring Efforts and Competitive Pressures

Chegg upgraded at Morgan Stanley as risk/reward more balanced, soft Q2 results priced in

4 stocks to watch on Tuesday: UNH, BAC and more

Biggest stock movers today: SHOP, DJT MTCH, and more

Biggest stock movers today: BAC, SHOP, DJT MTCH, and more

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn&rsquo;t get to where they are by happenstance. No, they had to establish a strong track record of success. That they are intelligent goes with the territory. However, sometimes even the experts get things wrong and thus provide the framework for contrarian stocks.



To be clear, you&rsquo;re dealing with a high-risk, high-reward endeavor. While it may be sexy to bet against the crowd, groupthink exists for a reason. And when that crowd is a crowd of analysts, you&rsquo;ve got to be sure in the contrarian thesis. Otherwise, blindly betting on ideas that the experts believe could fail could be a surefire way of absorbing severe penalties.



However, it&rsquo;s also not prudent to depend on analysts for its own sake. Rather, the financials and the fundamentals should be the guiding force. With that said, below are intriguing ideas for contrarian stocks to buy.



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/lcid1600-3-300x169.png" alt="A Lucid Motors retail dealership storefront is seen with demo electric cars available for viewing at a local mall. LCID stock"><div>Source: Michael Berlfein / Shutterstock.com</div></div>Over the years, premium electric vehicle manufacturer Lucid Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) has been a frustrating play. While it enjoyed a strong public market debut, LCID stock has been utterly disappointing when stacked against the highs seen in 2021. It&rsquo;s no surprise, then, that analysts have rated shares a <a href="https://www.tipranks.com/stocks/lcid/forecast">consensus moderate sell</a>. Heading into the current week, the assessment broke down as five holds and two sells.



Ordinarily, such a pitiful perspective would make LCID an equity to dump. However, it legitimately could be one of the contrarian stocks to gamble on. First, there&rsquo;s the strong recent performance. In the business week ending July 12, LCID stock gained nearly 37%. Just as importantly, the prior consensus view on Lucid&rsquo;s financials calls for significant growth in fiscal years 2024 and 2025.



Fundamentally, Lucid may tangentially benefit from the Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) deal with Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>). Basically, the EV competition is moving toward the middle-income crowd, which may lessen competition in the upper-income arena. That might give Lucid a chance to dominate this niche but lucrative segment.



Therefore, it may not be time to give up on LCID stock just yet.



<h2>Chegg (CHGG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/CHGG1600-300x169.jpg" alt="Chegg (CHGG) logo on the company's web page magnified by a magnifying glass"><div>Source: Casimiro PT / Shutterstock.com</div></div>Educational technology (edtech) firm Chegg (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>) &ndash; which is probably best known for its online tutoring platform &ndash; makes an intriguing case for contrarian stocks. Sure, the bearish case against the company is rather obvious. Thanks to the rise of artificial intelligence and specifically chatbots that utilize large-language models, Chegg seems irrelevant. After all, you can just ask ChatGPT whatever you want for free.



However, I&rsquo;m reminded of the adage, that you get what you pay for. And since you&rsquo;re paying nothing, what really is the value of chatbot-generated answers? Depending on what type of answers you&rsquo;re looking for, the value could be negative. We all know that AI chatbots can generate incorrect answers. However, what&rsquo;s startling is that ChatGPT has been <a href="https://finance.yahoo.com/news/over-just-few-months-chatgpt-232905189.html">struggling with mathematical functions</a>.



Since math is a quantitative discipline, the high failure rate makes ChatGPT very suspect as a tutoring device. In that sense, Chegg is a lot more relevant than people think. Yes, analysts rate shares a <a href="https://www.tipranks.com/stocks/chgg/forecast">moderate sell</a>. However, it might rank among the contrarian stocks.



It&rsquo;s also worth pointing out that while analysts are projecting erosion in sales for fiscal 2024 and 2025, the realization of AI&rsquo;s limitations could warrant a rethink. At the least, it&rsquo;s something to keep on your watchlist.



<h2>Kronos (KRO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/oversold-stocks-to-buy-300x169.jpg" alt="man in suit holding a tablet with graphic above showing oversold stocks to buy"><div>Source: undefined undefined / Getty Images</div></div>Based in Dallas, Texas, Kronos (NYSE:<a href="https://investorplace.com/stock-quotes/kro-stock-quote/">KRO</a>) falls under the specialty chemicals industry. <a href="https://finance.yahoo.com/quote/KRO/profile/">Per its public profile</a>, Kronos produces and markets titanium dioxide pigments, which are used in various applications. These include paints, coatings, plastics, paper, fibers and ceramics. The material can also be incorporated into ink, food products and cosmetics. It offers a relevant profile, which means that investors should appreciate it.



Indeed, KRO stock has enjoyed a strong performance this year. However, analysts heading into this week pegged Kronos a <a href="https://www.tipranks.com/stocks/kro/forecast">moderate sell</a>. Further, the average price target sits at $12, which implies sizable downside. Some of the pessimism may have stemmed from earlier financial performances. In the second and third quarters of last year, Kronos badly missed against established bottom-line targets.



However, the company started to get back on the right side of things in Q4 2023 and Q1. Also, in the most recent quarter, the annual sales growth rate stands at 12.3%. Interestingly, the consensus view for sales comes in at $2.1 billion, 26% above last year&rsquo;s print of $1.67 billion.



With the wide-ranging relevance of the business, KRO appears to be one of the contrarian stocks to consider.



<h2>Southern Copper (SCCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/scco-1600-300x169.png" alt="Southern Copper Corporation logo on a phone screen in front of the logo on a computer screen. SCCO stock."><div>Source: viewimage / Shutterstock</div></div>Based in Phoenix, Arizona, Southern Copper (NYSE:<a href="https://investorplace.com/stock-quotes/scco-stock-quote/">SCCO</a>) falls under the basic materials sector. Along with mining, exploring, smelting and refining the namesake commodity, Southern Copper also specializes in zinc, molybdenum, silver, gold and lead. Thanks to the inflationary cycle that we find ourselves in relative to pre-pandemic norms, commodities could enjoy an organic uptick.



Not only that, whichever presidential candidate wins in 2024, either administration will be eager to build America according to a specific vision. Whatever that vision is, the underlying theme is building. That should help boost SCCO stock. However, analysts view Southern Copper as a <a href="https://www.tipranks.com/stocks/scco/forecast">consensus moderate sell</a>. Also, their average price target sits at $98.44, implying a significant downgrade.



However, it&rsquo;s difficult to believe that such a circumstance will materialize. Yes, SCCO is overpriced compared to other basic material companies at 9.28X trailing-year sales. Still, the experts believe that Southern can post revenue of $11.43 billion by year&rsquo;s end. That&rsquo;s a 15.5% lift from last year.



Also, Q1 2024&rsquo;s revenue came in at $2.6 billion, beating the consensus view of $2.49 billion. It&rsquo;s one of the contrarian stocks to consider.



<h2>SunPower (SPWR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/spwr1600-300x169.png" alt="In this photo illustration, the SunPower Corporation logo is displayed on a smartphone screen. SPWR stock"><div>Source: rafapress / Shutterstock.com</div></div>Headquartered in Richmond, California, SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) falls under the solar technology space, as you might imagine. <a href="https://finance.yahoo.com/quote/SPWR/profile/">Per its corporate profile</a>, SunPower offers solar, storage and home energy solutions, primarily in the U.S. and Canada. Its mainline products include Equinox and SunVault, which are pre-engineered modular solutions for residential applications.



To be fair, the residential component of the solar energy ecosystem took a major hit in recent years. With monetary policy pivoting to a hawkish stance, high borrowing costs crimped demand. Not helping matters was that inflation was also blisteringly high. Therefore, consumers suffered from the worst of both worlds. Still, as economic circumstances normalize, SPWR may be worth a look.



It&rsquo;s a massive risk. According to Bloomberg, SPWR stock suffered a huge loss earlier this month due to <a href="https://finance.yahoo.com/news/sunpower-shares-plummet-amid-financial-161456098.html">financial misconduct allegations</a>. However, the bulls have attempted to engineer a recovery. Right now, Wall Street experts see a 13.2% decline in 2024 sales to $1.47 billion.



However, if management gets its act together, SunPower could see sales of $1.66 billion in fiscal 2025. It&rsquo;s one of the most speculative ideas among contrarian stocks.



<h2>Hertz Global (HTZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/htz-stock-300x169.jpg" alt="Image of Hertz (HTZ) branded store comprised of grey materials"><div>Source: Eric Glenn/Shutterstock.com</div></div>One of the boldest ideas among contrarian stocks, Hertz Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/htz-stock-quote/">HTZ</a>) stretches credulity, even among extreme speculators. As you know, Hertz was one of the ignominious victims of the Covid-19 crisis. With global travel practically shut down for months, the company &ndash; which specializes in auto rentals &ndash; had nowhere to go but down. It was unfortunate.



However, even with the pandemic in the rearview mirror, HTZ stock hasn&rsquo;t performed well at all. Just pull up the lifetime chart &ndash; it&rsquo;s ugly. Now, where it gets interesting (possibly) is that there could be reason to believe the volatility is behind us. In the business week ending July 12, HTZ gained almost 12% of equity value. That&rsquo;s a far cry from what we&rsquo;ve seen in prior months.



Also, the fundamentals may be supportive. While the acute phenomenon of revenge travel may not be present anymore, that has given way to travel prioritization: people still value their vacation time and are shifting their discretionary budgets accordingly. That could help Hertz.



Also, the company might see modest revenue growth in fiscal 2024 and 2025. Relatively speaking, HTZ is trading at a deep discount to sales of 0.14X. For the intrepid, Hertz may be one of the contrarian stocks to consider.



<h2>Cracker Barrel (CBRL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/cbrl-stock-300x169.jpg" alt="Cracker Barrel Old Country Store sign on the outside of one of its locations"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Falling under the restaurant industry, Cracker Barrel (NASDAQ:<a href="https://investorplace.com/stock-quotes/cbrl-stock-quote/">CBRL</a>) presents an interesting and controversial narrative. Historically, the company aimed to deliver a taste of Southern culture through its unique ambiance and culinary delights. A couple of years ago, I visited a Cracker Barrel for the first time and thought it was delightful experience.



However, in the past, delightful would not be the adjective used to describe some <a href="https://www.salon.com/2023/06/12/bigotry-was-the-blue-plate-special-how-cracker-barrel-went-from-anti-gay-to-angering-the/">unfortunate customer experiences</a>. To be sure, management has taken the criticisms and attempted to build a more inclusive brand. Now, the company generates controversy for losing touch with its conservative roots.



Still, Cracker Barrel is one of the few major restaurant brands that focus heavily on Southern food. You&rsquo;re just not going to find that at your local Applebee&rsquo;s, for instance. So, I believe the company&rsquo;s efforts to please both sides of the ideological divide could pay off.



Also, the latest news suggests that eateries are <a href="https://finance.yahoo.com/news/restaurants-continue-serve-sales-growth-122800156.html#:~:text=U.S.%20restaurants%20saw%20sales%20growing,through%20April%20totaled%20%2436.7%20billion.">improving in sales</a>. If that&rsquo;s the case, analysts may be understating Cracker Barrel&rsquo;s upside potential and overstating the power of angry voices on the right. It could very well be one of the contrarian stocks to buy.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/wall-street-is-betting-against-these-7-stocks-you-should-buy-them-anyways/">Wall Street Is Betting Against These 7 Stocks. You Should Buy Them Anyways.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

Comments

Chegg

Chegg (CHGG) Forecast

Chegg (NYSE:CHGG) Stock, Quote.Headers.trade-ideas