Constellation Brands (STZ)

Constellation Brands  (STZ) –Buzzed! – The alcoholic beverage conglomerate saw a 10% jump in sales last quarter to capture $1.15 billion of revenue.  Shares are seeing nearly a 5% improvement pre-market after sliding a disappointing 8% YTD from a high of $236.62 reached back in May. The company has recently enjoyed new publicity surrounding an investment in Canopy Growth Company (CGC) as they attempt to break into the cannabis arena for an untapped source for further growth. 

Tesla (TSLA),

Elon Musk reached a settlement  agreement with the SEC that allows him to remain as chief executive of Tesla (TSLA), but requires him to step away from the position of chairman for three years.  This has sent the shares over 14% higher in the pre-market, erasing much of the loses suffered on Friday.  Late last night, the U.S. and Canada reached a deal revising the terms of the North American Free Trade Agreement, just beating out the midnight deadline.   This morning, General Electric (GE) is up over 14% after it named Lawrence Culp as its new CEO and chairman, replacing John Flannery.   As of this writing,  U.S. crude oil futures (/CL) are little changed near $73 per barrel and S&P 500 futures (/ES) are 0.5% higher and trading near 2934. 

Japanese Nikkei

The Japanese Nikkei has now seen eight straight session of gains to pierce through 24K for the first time since 1991 with the Shanghai also tacking on nearly 1%. Europe is seeing more mixed conditions as details around various Brexit deadlines continue to surface. Volatility remains fairly constant just above the $12 handle in the CBOE Volatility Index (VIX) which is still below its monthly average. Any new developments on the trade front may drive markets as Canada looks to possibly be the one left out of a North American deal between the U.S. and Mexico if it fails to meet some concessions by this weekend. The polarizing effects of the Supreme Court Nominee will also certainly keep audiences captivated as the showdown is scheduled for tomorrow due to its far-reaching implications.

Amazon (AMZN)

 –Amazon 3K! – It has been rumored that the online behemoth intends to open up to 3K new cashier-less stores over the next couple of year as retail trends continue to quickly evolve. Both Walmart (WMT) and Target (TGT) slipped as a result with little detail being concrete. The stock value of the company has fallen nearly $60 billion since reaching the $1 Trillion benchmark at the beginning of September but shares are up fractionally as a result ahead of the opening bell. 

FED EX (FDX)–

FED EX (FDX)–Boxed In! – The global shipper saw higher hourly wages and bonuses take a bite out of earnings the previous quarter.  Last night’s quarterly report also stated that ill effects of a cyberattack on a subsidiary also dented expectations despite an impressive $16.88 billion in revenue being generated. Shares are down 3% pre-market as a wave of downgrades have begun to surface.