MSC Industrial Direct Co Azioni (NYSE: MSM)

Ultime notizie per MSC Industrial Direct Co (NYSE:MSM) Azioni

MSC Industrial Direct Co

Founded in 1941, MSC Industrial Direct originally manufactured and sold cutting tools to metalworking shops in New York. Through a series of acquisitions and organic expansions, MSC has grown into an industrial distribution powerhouse with a focus on specialized metalworking products and services. The firm also distributes a wide breadth of maintenance, repair, and operations (MRO) supplies. MSC primarily operates within North America where it derives over 95% of its revenue.

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MSC Industrial Direct Company, Inc. Common Stock

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MSC Industrial Direct Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is poised to benefit from <a href="https://www.benzinga.com/topic/inflation">"inflation-driven margin tailwinds" </a>and a recovery in manufacturing volumes, according to a Stephens analyst.
The MSC Industrial Direct Analyst: Analyst Tommy Moll maintained an Equal-Weight rating, while raising the price target from $85 to $90.
The MSC Industrial Direct Thesis: The company reported its fiscal third-quarter revenues at $971 million, down around 1% year-on-year, with adjusted earnings of $1.08 per share versus $1.33 per share in the same quarter last year, Moll said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
MSC Industrial Direct's gross margins expanded by 10 basis points (bps) to 41.0% during the quarter, "primarily driven by favorable price/cost," he added.
The share price is up around 21% since Liberation Day and ended the day 6% higher after releasing results, the analyst stated.
Potential catalysts for the stock include MSC Industrial Direct's margins benefiting from inflation and a "manufacturing volume-based recovery, whether driven by the end market itself or MSM&#8217;s internal core customer initiatives," he further wrote.
MSM Price Action: Shares of MSC Industrial Direct were down 1.6% to $88.87 at the time of publication on Wednesday.
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Photo: Shutterstock

Analyst Color

Earnings Misses

Price Target

Reiteration

Analyst Ratings

Movers

Can MSC Industrial Direct Turn Inflation Into Opportunity? Analyst Weighs In

MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) posted better-than-expected financial results for i<a href="https://www.benzinga.com/quote/MSM/earnings">ts fiscal third quarter of 2025 on Tuesday.</a>
Net sales slipped 0.8% year over year to $971.1 million but edged past the consensus estimate of $970.23 million. The company reported adjusted earnings per share of $1.08, down 18.8% year over year, topping analysts&#8217; expectations of $1.03.
"The fiscal third quarter included encouraging data points, such as core customer sequential improvement, continued momentum in our high-touch solutions and a building productivity pipeline. Looking longer term, we remain steadfast in our commitment to restoring performance consistent with our long-term objectives of growing to 400 basis points or more above the IP Index and expanding operating margins to the mid-teens," commented Erik Gershwind, Chief Executive Officer.
MSC expects fourth-quarter average daily sales to range from a decline of 0.5% to a gain of 1.5%, with an adjusted operating margin of 8.5% to 9%. For fiscal year 2025, the company expects a free cash flow conversion of ~120% and capital expenditures of ~$100 million-$110 million.
MSC shares fell 0.8% to trade at $89.53 on Wednesday.
These analysts made changes to their price targets on MSC following earnings announcement.
<ul class="wp-block-list">
<li>Stephens &amp; Co. analyst Tommy Moll maintained MSC Industrial Direct with an Equal-Weight rating and raised the price target from $85 to $90.</li>
<li>Baird analyst David Manthey maintained the stock with a Neutral and raised the price target from $84 to $95.</li>
<li>Loop Capital analyst Chris Dankert maintained MSC Industrial Direct with a Hold and raised the price target from $74 to $84.</li>
</ul>
Considering buying MSM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/MSM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="622" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02094737/image-30-1024x622.png" alt="" class="wp-image-970470" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02094737/image-30-1024x622.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02094737/image-30-300x182.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02094737/image-30-768x467.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02094737/image-30.png 1106w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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News

Markets

Trading Ideas

MSC Industrial Direct Analysts Boost Their Forecasts After Upbeat Q3 Results

Loop Capital analyst Chris Dankert maintains MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) with a Hold and raises the price target from $74 to $84.

Loop Capital Maintains Hold on MSC Industrial Direct Co, Raises Price Target to $84

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Guggenheim cut TEGNA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGNA#NYSE">TGNA</a>) price target from $22 to $21. Guggenheim analyst Curry Baker maintained a Buy rating. TEGNA shares closed at $16.93 on Tuesday. See how other analysts view <a href="https://www.benzinga.com/quote/TGNA/analyst-ratings">this stock</a>.</li>
<li>Stephens &amp; Co. raised the price target for MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) from $85 to $90. Stephens &amp; Co. analyst Tommy Moll maintained an Equal-Weight rating. MSC Industrial Direct shares closed at $90.32 on Tuesday. See how other analysts <a href="https://www.benzinga.com/quote/MSM/analyst-ratings">view this stock</a>.</li>
<li>UBS raised Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>) price target from $47 to $59. UBS analyst Faham Baig upgraded the stock from Sell to Neutral. Altria Group shares closed at $58.14 on Tuesday. See how other analysts <a href="https://www.benzinga.com/quote/MO/analyst-ratings">view this stock</a>.</li>
<li>JP Morgan cut the price target for Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) from $75 to $48. JP Morgan analyst John Stansel downgraded the stock from Overweight to Neutral. Centene shares closed at $56.65 on Tuesday. <a href="https://www.benzinga.com/quote/CNC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies raised the price target for Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) from $135 to $150. Jefferies analyst Corey Tarlowe upgraded the stock from Hold to Buy. Ross Stores shares closed at $129.97 on Tuesday. <a href="https://www.benzinga.com/quote/ROST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) price target from $275 to $440. JMP Securities analyst Nicholas Jones maintained a Market Outperform rating. Carvana shares settled at $338.26 on Tuesday. <a href="https://www.benzinga.com/quote/CVNA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased Axos Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) price target from $88 to $92. Needham analyst Kyle Peterson maintained a Buy rating. Axos Financial shares closed at $78.32 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. increased Enliven Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVN#NASDAQ">ELVN</a>) price target from $40 to $48. HC Wainwright &amp; Co. analyst Robert Burns maintained a Buy rating. Enliven Therapeutics shares closed at $19.65 on Tuesday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted the price target for Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) from $58 to $62. Baird analyst David Tarantino maintained an Outperform rating. Chipotle shares settled at $58.24 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $635 to $740. Baird analyst Colin Sebastian maintained an Outperform rating. Meta shares closed at $719.22 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
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CVNA

ELVN

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Meta To Rally Around 3%? Here Are 10 Top Analyst Forecasts For Wednesday

In the latest quarter, 5 analysts provided ratings for MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $86.4, a high estimate of $95.00, and a low estimate of $74.00. This current average has increased by 4.1% from the previous average price target of $83.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1751461258_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of MSC Industrial Direct Co's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Patrick Baumann</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$89.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$74.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$84.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MSC Industrial Direct Co. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MSC Industrial Direct Co compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of MSC Industrial Direct Co's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MSC Industrial Direct Co's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MSM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on MSC Industrial Direct Co analyst ratings.</a>
<h2>Discovering MSC Industrial Direct Co: A Closer Look</h2>
Founded in 1941, MSC Industrial Direct originally manufactured and sold cutting tools to metalworking shops in New York. Through a series of acquisitions and organic expansions, MSC has grown into an industrial distribution powerhouse with a focus on specialized metalworking products and services. The firm also distributes a wide breadth of maintenance, repair, and operations (MRO) supplies. MSC primarily operates within North America where it derives over 95% of its revenue.
<h3>Key Indicators: MSC Industrial Direct Co's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3M period, MSC Industrial Direct Co faced challenges, resulting in a decline of approximately -4.66% in revenue growth as of 28 February, 2025. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: MSC Industrial Direct Co's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 4.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): MSC Industrial Direct Co's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.88%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): MSC Industrial Direct Co's ROA excels beyond industry benchmarks, reaching 1.59%. This signifies efficient management of assets and strong financial health.
Debt Management: MSC Industrial Direct Co's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying MSC Industrial Direct Co: Insights From 5 Analyst Reviews

Baird analyst David Manthey maintains MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) with a Neutral and raises the price target from $84 to $95.

Baird Maintains Neutral on MSC Industrial Direct Co, Raises Price Target to $95

Stephens &amp; Co. analyst Tommy Moll maintains MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) with a Equal-Weight and raises the price target from $85 to $90.

Stephens & Co. Maintains Equal-Weight on MSC Industrial Direct Co, Raises Price Target to $90

U.S. futures rose on Wednesday after a mixed close on Tuesday. Futures of major benchmark indices were trading slightly higher.
After the Nasdaq and S&amp;P 500 scaled new highs for two days, the indices slipped on Tuesday as President Donald Trump's massive tax-and-spending One Big Beautiful Bill Act, <a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house">passed narrowly in the Senate</a>. The legislation is now set to move to the House of Representatives for potential final approval. 
The Senate passed the measure in a 51-50 vote with Vice President JD Vance breaking a tie. The vote followed an all-night debate in which Republicans grappled with the bill's price tag and its impact on the healthcare system.
The 10-year Treasury bond yielded 4.28% and the two-year bond was at 3.79%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 80.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.08%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.05%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.52%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Wednesday. The SPY was up 0.094% at $618.23, while the QQQ advanced 0.049% to $547.26, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Tuesday, the materials, health care, and energy sectors led gains on the S&amp;P 500, while information technology and communication services bucked the trend, closing lower.
Overall, U.S. stocks settled mixed, with the Dow Jones index notably gaining during the session as the U.S. Senate approved President Donald Trump's "One Big, Beautiful Bill."
Economic data released on Tuesday showed mixed signals. The number of job openings increased by 374,000 to 7.769 million in May, indicating a stronger labor market.
The ISM manufacturing PMI also showed improvement, rising to 49 in June from 48.5 in the prior month, surpassing market estimates of 48.8.
Conversely, U.S. construction spending saw a decline, falling by 0.3% month-over-month to an annual rate of $2,138 billion in May.
In corporate news, MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) reported stronger-than-expected financial results for its fiscal third quarter of 2025.
The Dow Jones index ended 400 points or 0.91% higher at 44,494.94, whereas the S&amp;P 500 index fell 0.11% to 6,198.01. Nasdaq Composite declined 0.82% to 20,202.89, and the small-cap gauge, Russell 2000, gained 1.03% to end at 2,197.54.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.82%</td>
<td>20,202.89</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.11%</td>
<td>6,198.01</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.91%</td>
<td>44,494.94</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.03%</td>
<td>2,197.54</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Following a volatile first half, the S&amp;P 500 appears poised for continued momentum, according to analysis from Adam Turnquist, the chief technical strategist for LPL Financial.
Historical data spanning back to 1950 suggests a strong bullish precedent for the second half of the year, particularly when the first six months delivered solid gains by the end.
The S&amp;P 500 wrapped up the first half of 2025 with a commendable 5.5% gain, shaking off a deep correction experienced in April. This performance sets the stage for what history indicates could be another period of positive returns.
&#8220;Since 1950, the S&amp;P 500 has followed up a positive first-half return with an average second-half gain of 6.1%,&#8221; Turnquist notes.
Delving deeper into scenarios akin to the current market environment, Turnquist highlights a particularly encouraging trend. &#8220;Furthermore, when first-half gains were within the range of 5–10%, the index also posted an average gain of 6.1% in the second half, with 86% of occurrences producing positive results.&#8221;
This statistical backing provides a compelling case for optimism heading into the latter half of the year.
While the historical data points to a generally positive outlook, Turnquist also tempers expectations with a pragmatic reminder.
&#8220;Despite the bullish precedent from a positive first half, bull markets are not linear, and pullbacks should be expected in the second half.&#8221;
He points out that the average maximum drawdown for the S&amp;P 500 during the second half has been -10.3% since 1950. However, even these potential dips tend to be shallower in scenarios like the present.
&#8220;Second-half drawdowns following a first half of 5–10% or higher average only 8.4%,&#8221; he concludes, suggesting that while volatility is a possibility, significant downturns may be less likely.
Meanwhile, Ryan Detrick from Carson Research highlighted a historical pattern where the S&amp;P 500, after a negative first quarter and a subsequent 10%+ gain in the second quarter, has shown an average third quarter return of 10.7% and a 19% gain for the rest of the year.
The data from 1990, 2009, and 2025 suggests a potential bullish trend for the second half of 2025, supported by Carson Investment Research analysis.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">2025 is in rare company, with stocks down in Q1, but then up 10% or more in Q2. The historically weak Q3 has never been lower (and up 10% on average) and the rest of the yr is up close to 20% on average. Yet another reason to lean bullishly in H2 &#39;25. <a href="https://t.co/kL1uHHO8rs">pic.twitter.com/kL1uHHO8rs</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1940214123335438453?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>June&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) was up 2.41% in premarket on Wednesday as analysts expect it to report quarterly earnings of $2.09 per share on revenue of $614.51 million, before the opening bell.</li>
</ul>
<ul class="wp-block-list">
<li>Franklin Covey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) was 2.03% higher as it is expected to report earnings after market close. Analysts expect it to report a quarterly loss of 4 cents per share on revenue of $67.49 million.</li>
</ul>
<ul class="wp-block-list">
<li>Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) jumped 13.19% after posting stronger-than-expected results for the third quarter after the closing bell on Tuesday. The company posted quarterly earnings of $1.86 per share, beating market estimates of 98 cents per share.</li>
</ul>
<ul class="wp-block-list">
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) slipped 1.08% after posting weaker-than-expected earnings for its first quarter and affirming its FY2026 earnings guidance. It reported quarterly earnings of $3.22 per share, which missed the analyst consensus estimate of $3.31 per share.</li>
</ul>
<ul class="wp-block-list">
<li>Zenvia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) rose 4.70% ahead of its first quarter earnings expected after the closing bell.</li>
</ul>
<ul class="wp-block-list">
<li>ShoulderUp Technology Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIC#NASDAQ">DAIC</a>) surged 224.08% as it announced a corporate action where SUACU shareholders will receive one new share of DAIC and 0.5 shares of DAICW for each old share. This move aims to boost stock performance, liquidity, and future growth.</li>
</ul>
<ul class="wp-block-list">
<li>Gryphon Digital Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) climbed 58.68% as it filed an amended S-4 registration with the SEC for its stock-for-stock merger with American Bitcoin Corp.</li>
</ul>
<ul class="wp-block-list">
<li>Liminatus Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) gained 9.47% after the company said it regained compliance with Nasdaq&#8217;s listing requirements.</li>
</ul>
<ul class="wp-block-list">
<li>Revelation Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) dropped 14.63% as it announced the implementation of a 1-for-3 reverse split of its common stock following approval at its Special Meeting of Stockholders held on June 23, 2025.</li>
</ul>
<ul class="wp-block-list">
<li>Unity Biotechnology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBX#NASDAQ">UBX</a>) declined 12.45% after the company disclosed that Nasdaq plans to delist its stock, citing diminished operations and failure to meet continued listing standards.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.61% to hover around $65.85 per barrel.
Gold Spot US Dollar fell 0.11% to hover around $3,335.36 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.07% at the 96.8900 level.
Asian markets ended on a mixed note on Wednesday, as India's S&amp;P BSE Sensex, South Korea's Kospi, and Japan's Nikkei 225 indices fell. While Hong Kong's Hang Seng, Australia's ASX 200, and China&#8217;s CSI 300 indices rose. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46213361/trump-is-slamming-jerome-powell-because-he-wants-a-weaker-dollar-says-ed-yardeni-pounding-powell-po">Trump Is Slamming Jerome Powell Because He &#8216;Wants A Weaker Dollar,&#8217; Says Ed Yardeni: &#8216;Pounding Powell = Pounding The Dollar&#8217;</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Equities

DAIC

GRYP

LIMN

REVB

ZENV

US Stocks Likely To Open Higher: S&P 500 Sees 'Average Gain Of 6.1%' In 2nd Half, Expert Says

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the Dow Jones index gaining 400 points during the session. The U.S. Senate approved President Donald Trump&#8217;s &#8220;One Big, Beautiful Bill.&#8221;
On the economic front, the number of job openings climbed by 374,000 to 7.769 million in May. The ISM manufacturing PMI rose to 49 in June versus 48.5 in the previous month, compared to market estimates of 48.8. U.S. construction spending declined by 0.3% month-over-month to an annual rate of $2,138 billion in May.
MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) posted better-than-expected financial results for its fiscal third quarter of 2025.
Most sectors on the S&amp;P 500 closed on a positive note, with materials, health care and energy stocks recording the biggest gains on Tuesday. However, information technology and communication services bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 400 points to 44,494.94 on Tuesday. The S&amp;P 500 fell 0.11% to 6,198.01, while the Nasdaq Composite declined 0.82% to 20,202.89 during Tuesday's session.
Investors are awaiting earnings results from UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) and The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.2, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 65.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46192054/cramer-backs-this-mining-giant-after-1-6b-bet">Cramer Backs This Mining Giant After $1.6B Bet</a> </li>
</ul>
Photo courtesy: Shutterstock

Dow Jumps 400 Points As Senate Approves Tax Bill: Investor Sentiment Edges Lower, But Fear Index Remains In 'Greed' Zone

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.15% to 44,160.53 while the NASDAQ declined 0.42% to 20,284.31. The S&amp;P 500 also fell, dropping, 0.21% to 6,192.43.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/dividends/25/07/46191543/how-to-earn-500-a-month-from-unifirst-stock-ahead-of-q3-earnings">How To Earn $500 A Month From UniFirst Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Consumer staples shares jumped by 0.7% on Tuesday.
In trading on Tuesday, energy stocks fell by 0.7%.
Top Headline
MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) posted better-than-expected financial results for its fiscal third quarter of 2025.
Net sales slipped 0.8% year over year to $971.1 million but edged past the consensus estimate of $970.23 million. The company reported adjusted earnings per share of $1.08, down 18.8% year over year, topping analysts' expectations of $1.03.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>BioNexus Gene Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) shares shot up 225% to $10.09 after gaining 12% on Monday.</li>
<li>Shares of Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) got a boost, surging 149% to $0.9934 after the company initiated its pre-packaged restructuring process.</li>
<li>ClearOne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) shares were also up, gaining 98% to $11.60. The company announced it will issue a one-time special stock dividend on July 18.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Oragenics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGEN#NYSE">OGEN</a>) shares dropped 58% to $1.6194 after the company announced a $20 million public offering of preferred stock and warrants.</li>
<li>Shares of Sonim Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) were down 47% to $0.6450 after the company announced the pricing of a $5.55 million offering of 7,400,000 shares at $0.75 per share.</li>
<li>Globavend Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) was down, falling 45% to $0.0641.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $65.42 while gold traded up 1.6% at $3,359.80.
Silver traded up 1.1% to $36.555 on Tuesday, while copper rose 1.9% to $5.1775.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.4%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 fell 0.1%, Germany's DAX 40 declined 0.6% and France's CAC 40 slipped 0.4% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei dipping 1.24%, China's Shanghai Composite gaining 0.39% and India's BSE Sensex gaining 0.11%.
Economics
<ul class="wp-block-list">
<li>The S&amp;P Global manufacturing PMI climbed to 52.9 in June compared to 52 in the previous month, and initial market estimates of 51.</li>
<li>The number of job quits increased by 78,000 to 3.293 million in May compared to the revised 3.215 million in the previous month.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46192054/cramer-backs-this-mining-giant-after-1-6b-bet">Cramer Backs This Mining Giant After $1.6B Bet</a> </li>
</ul>
Photo via Shutterstock

Eurozone

Commodities

Intraday Update

BGLC

CLRO

OGEN

SONM

WOLF

US Stocks Mixed; Dow Gains Over 50 Points

MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) shares rose on Tuesday after the company posted better-than-expected financial results for its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/07/n46190116/msc-industrial-supply-co-reports-fiscal-2025-third-quarter-results" rel="noreferrer noopener">fiscal third quarter of 2025</a>.
Net sales slipped 0.8% year over year to $971.1 million but edged past the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $970.23 million</a>.
The company reported adjusted earnings per share of $1.08, down 18.8% year over year, topping analysts&#8217; expectations of $1.03.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46133786/top-wall-street-forecasters-revamp-msc-industrial-direct-expectations-ahead-of-q3-earnings" rel="noreferrer noopener">Top Wall Street Forecasters Revamp MSC Industrial Direct Expectations Ahead Of Q3 Earnings</a>
Average daily sales also declined 0.8% primarily due to lower volumes and a roughly 10 basis points (bps) headwind from foreign exchange rates. These negative impacts were partially offset by an approximately 80 bps contribution from pricing and about 60 bps from acquisitions.
The company reported gross margin of 41.0%, up slightly from 40.9% a year ago primarily driven by favorable price/cost relationship.
Adjusted operating income fell 21.8% to $87.2 million, while the adjusted operating margin dropped to 9% from 11.4% in the same quarter last year.
As of May 31, MSC held $71.7 million in cash and equivalents. Operating cash flow for the first nine months of fiscal 2025 totaled $253.5 million, while free cash flow reached $182 million, 129% of net income.
The company repurchased about 117,000 shares during the quarter and has returned roughly <a target="_blank" href="https://filecache.investorroom.com/ir1_mscdirect/740/FY25_Q3_Earnings_Presentation.pdf" rel="noreferrer noopener">$181 million</a> to shareholders through dividends and buybacks since the beginning of the year.
Regarding the navigation of tariff impacts, MSC Industrial has a detailed breakdown of its Cost of Goods Sold (COGS) by country of origin. Over 50% of its COGS originates from U.S., providing a strong domestic base.
Europe and China each account for approximately 10% of COGS, while the rest of the world contributes less than 25%. Canada and Mexico each represent less than 3% of COGS.
This diversified sourcing strategy, with a significant portion from U.S., helps in mitigating potential tariff exposures.
&#8220;The fiscal third quarter included encouraging data points, such as core customer sequential improvement, continued momentum in our high-touch solutions and a building productivity pipeline. Looking longer term, we remain steadfast in our commitment to restoring performance consistent with our long-term objectives of growing to 400 basis points or more above the IP Index and expanding operating margins to the mid-teens,&#8221; commented Erik Gershwind, Chief Executive Officer.
MSC expects fourth-quarter average daily sales to range from a decline of 0.5% to a gain of 1.5%, with an adjusted operating margin of 8.5% to 9%.
For fiscal year 2025, the company expects a free cash flow conversion of ~120% and capital expenditures of ~$100 million-$110 million.
Price Action: MSM shares are trading higher by 3.49% at $87.99 at the last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46190114/boeing-spirit-deal-under-scrutiny-of-british-competition-authorities-as-initial-probe-begins-report" target="_blank" rel="noreferrer noopener">UK Antitrust Probe Targets Boeing&#8217;s Spirit Deal As Airbus Sells Off Assets</a></li>
</ul>
Photo by Karolis Kavolelis via Shutterstock

Guidance

MSC Industrial Has An Edge With Tariffs, Can Protect Margins

WIIM

MSC Industrial Direct shares are trading higher after the company reported better-than-expected Q3 financial results.

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2" rowspan="1">Fourth Quarter Fiscal 2025 Financial Outlook</td>
</tr>
<tr>
<td colspan="1" rowspan="1">ADS Growth (YoY)</td>
<td colspan="1" rowspan="1">(0.5)% - 1.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Operating Margin1</td>
<td colspan="1" rowspan="1">8.5% - 9.0%</td>
</tr>
<tr>
<td colspan="2" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Full-Year Fiscal 2025 Outlook for Certain Financial Metrics Maintained
<ul>
<li>Depreciation and amortization expense of ~$90M-$95M</li>
<li>Interest and other expense of ~$45M</li>
<li>Capital expenditures of ~$100M-$110M</li>
<li>Free cash flow conversion1 of ~120%</li>
<li>Tax rate of ~24.5%-25.0%</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">1 Guidance provided is a non-GAAP figure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules accompanying this press release.</td>
</tr>
</tbody>
</table>
</figure>

MSC Industrial Supply For Fourth Quarter Fiscal 2025 Projects ADS Growth Of (0.5)% To 1.5% And Adjusted Operating Margin Between 8.5% And 9.0%

MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.03 by 4.96 percent. This is a 18.8 percent decrease over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $971.14 million which beat the analyst consensus estimate of $970.23 million by 0.09 percent. This is a 0.84 percent decrease over sales of $979.35 million the same period last year.

Earnings Beats

MSC Industrial Direct Co Q3 Adj. EPS $1.08 Beats $1.03 Estimate, Sales $971.14M Beat $970.23M Estimate

U.S. futures slipped on Tuesday after two days of record-setting advances. Futures of major benchmark indices were trading lower.
Nasdaq and S&amp;P 500 scaled new highs on Monday. The Donald Trump administration is reportedly lowering its aspirations for comprehensive reciprocal deals. Instead, it is <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46188192/trump-administration-reportedly-scales-back-ambitions-for-comprehensive-trade-deals-before-tariff-deadline">favoring narrower agreement</a>s to avoid the reimposition of U.S. tariffs.
According to a Reuters report, the U.S. will resume trade negotiations with Canada immediately after Ottawa <a href="https://www.benzinga.com/markets/tech/25/06/46161429/canada-rescinds-digital-services-tax-after-trump-calls-it-a-blatant-attack-on-america">rescinded its digital services tax</a> targeting U.S. technology firms.
Meanwhile, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-06-30/eu-to-accept-trump-s-universal-tariff-but-seeks-key-exemptions">reported</a> that the European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of the bloc's exports. However, it wants the U.S. to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft. 
The 10-year Treasury bond yielded 4.19% and the two-year bond was at 3.70%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 78.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.23%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.28%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.15% at $616.92, while the QQQ declined 0.19% to $550.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro </a>data.
Cues From Last Session:
U.S. stocks settled higher on Monday, with the S&amp;P 500 hitting another record close, as information technology, financial, and real estate sectors recorded the biggest gains. However, energy and consumer discretionary stocks bucked the overall market trend, closing the session lower.
President Trump signaled openness to extending the July 9 deadline for reinstating reciprocal tariffs, adding that he remained optimistic about reaching key agreements in the coming weeks.
On the economic front, the Chicago PMI fell to 40.4 for June from 40.5 in May, and compared to market estimates of 42.7. The Dallas Fed's general business activity index for Texas manufacturing climbed to a reading of -12.7 in June compared to -15.3 in the previous month.
Hewlett-Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and Juniper Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) reached an agreement with the U.S. Department of Justice (DOJ) on Saturday.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.47%</td>
<td>20,369.73</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.52%</td>
<td>6,204.95</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.63%</td>
<td>44,094.77</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.12%</td>
<td>2,175.04</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Despite signals of a cooling economy and what he describes as a &#8220;too tight&#8221; Federal Reserve policy, economist Jeremy Siegel sees a bullish path ahead for equities, predicting major indexes could climb another &#8220;5%-10%&#8221; before any significant reckoning from tariff hits.
&#8220;FOMO could add another 5%-10% to major indexes before earning a reckoning with any tariff earnings hit,&#8221; he said.
Markets, already notching fresh all-time highs, are benefitting from a confluence of factors, including de-escalated geopolitical tensions and a retreat in oil prices, he explains.
Siegel points to falling bond yields, with the 10-year Treasury in the &#8220;4.25%-4.30% range,&#8221; as a clear sign that the Fed&#8217;s stance remains restrictive. While personal income data has cooled and housing is &#8220;feeling the pinch of too-high interest rates,&#8221; Siegel believes these factors provide &#8220;ample cover&#8221; for the Fed to pivot.
However, he doesn&#8217;t expect a rate cut at the July 30 meeting, anticipating 25-basis point cuts at each of the subsequent three meetings into early 2026.
According to Siegel, corporate America is coping, with companies like Nike beating estimates despite a &#8220;tariff hit.&#8221; The prevailing skepticism among traders, evidenced by an elevated VIX, suggests that &#8220;FOMO could add another 5%-10% to major indexes.&#8221;
This momentum, he states, will be driven by &#8220;squeezed shorts, AI productivity and margin improvements,&#8221; emphasizing that &#8220;AI adoption can drive outsized efficiency gains&#8221; even in less direct plays like small-cap value.
Meanwhile, giving her outlook on Gold, Aksha Kamboj, the executive chairperson of Aspect Global Ventures, said, &#8220;Gold prices appear to have stabilized at lower levels and are gradually moving higher, driven by expectations that the U.S. Federal Reserve may implement deeper interest rate cuts in 2025 than previously forecast.&#8221;
&#8220;Key events such as the upcoming July 9 tariff deadline and this week's jobs data are likely to be major market catalysts. Strong demand from central banks and domestic buyers is expected to provide support to the precious metal,&#8221; she added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Tuesday:
<ul class="wp-block-list">
<li>June&#8217;s S&amp;P final U.S. manufacturing PMI will be out by 9:45 a.m., and May&#8217;s construction spending and job openings data will be released by 10:00 a.m. ET.</li>
<li>June&#8217;s ISM manufacturing data will be out by 10:00 a.m., whereas auto sales data will also be released on Tuesday.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) was up 0.80% in premarket on Tuesday as analysts expect it to report quarterly earnings of $1.03 per share on revenue of $970.23 million before the opening bell.</li>
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) was 0.037% below the flatline as analysts expect it to report earnings of $3.31 per share on revenue of $2.55 billion, after the closing bell.</li>
<li>Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) was 0.11% higher as analysts expect it to report quarterly earnings of 98 cents per share on revenue of $785.72 million after the closing bell.</li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) tumbled 2.98% after disclosing a proposed public offering of common stock.</li>
<li>Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) slipped 3.71% after posting better-than-expected earnings for the second quarter, while sales missed estimates. The company also raised its guidance for FY2025.</li>
<li>AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) declined 4.90% after it announced plans to offer $750 million of common stock and $600 million of convertible senior notes in proposed public offerings.</li>
<li>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) surged over 80% in premarket after implementing a prepackaged restructuring plan supported by most of its lenders. This move aims to cut its debt by ~$4.6 billion or 70% and annual cash interest payments by ~60%, positioning it for accelerated growth and profitability by late third quarter.</li>
<li>Prestige Wealth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWM#NASDAQ">PWM</a>) zoomed 68.09% after divesting its Prestige Assets International Inc. subsidiary and its three units on June 25, to sharpen its focus on technology-driven wealth management.</li>
<li>Bitmine Immersion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#NYSE">BMNR</a>) gained 21.33% after announcing a $250 million private placement to launch its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Treasury Strategy, aiming to become one of the largest publicly traded ETH holders.</li>
<li>Gibo Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIBO#NASDAQ">GIBO</a>) declined over 7% after testing its AI-driven GIBO Click engine on uDrama, a rapidly growing global short drama platform.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.14% to hover around $65.20 per barrel.
Gold Spot US Dollar rose 1.11% to hover around $3,339.46 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.33% at the 96.5570 level.
Asian markets ended on a mixed note on Tuesday, as Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200 indices declined, and India's S&amp;P BSE Sensex, China&#8217;s CSI 300, and South Korea's Kospi indices rose. European markets were lower in early trade.
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</ul>
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GIBO

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US Stock Futures Slip After Two Days Of Record Advances: 'FOMO Could Add Another 5%-10%…,' Says Expert

<h3>Companies Reporting Before The Bell</h3>
• MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is projected to report quarterly earnings at $1.04 per share on revenue of $979.07 million. 
<h3>Companies Reporting After The Bell</h3>
• TechTarget (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) is likely to report earnings for its first quarter. 
• Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is projected to report quarterly earnings at $0.99 per share on revenue of $785.72 million. 
• Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is projected to report quarterly earnings at $3.39 per share on revenue of $2.56 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TTGT

Earnings Scheduled For July 1, 2025

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the S&amp;P 500 hitting another record close.
President Donald Trump signaled openness to extending the July 9 deadline for reinstating reciprocal tariffs, adding that he remained optimistic about reaching key agreements in the coming weeks. Meanwhile, Canada&#8217;s withdrawal of its digital services tax helped improve the outlook for U.S. tech firms and reignited momentum in trade negotiations with Washington.
On the economic front, the Chicago PMI fell to 40.4 for June from 40.5 in May, and compared to market estimates of 42.7. The Dallas Fed&#8217;s general business activity index for Texas manufacturing climbed to a reading of -12.7 in June compared to -15.3 in the previous month.
Hewlett-Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and Juniper Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) reached an agreement with the U.S. Department of Justice (DOJ) on Saturday.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, financial and real estate stocks recording the biggest gains on Monday. However, energy and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 275 points to 44,094.77 on Monday. The S&amp;P 500 rose 0.52% to 6,204.95, while the Nasdaq Composite climbed 0.47% to 20,369.73 during Monday's session.
Investors are awaiting earnings results MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) and The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 66.9, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 63.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Long Ideas

S&P Hits Record High At The End Of Q2: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) to report quarterly earnings at $1.03 per share on revenue of $970.23 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. MSC Industrial Direct shares slipped 0.1% to $84.96 in after-hours trading.</li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) disclosed a proposed public offering of common stock. Nektar Therapeutics fell 2.4% to $25.22 in the after-hours trading session.</li>
<li>Analysts are expecting Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) to post earnings at $3.31 per share on revenue of $2.55 billion for the latest quarter. The company will release earnings after the markets close. Constellation shares rose 0.5% to $163.49 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
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<li>Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) posted better-than-expected earnings for the second quarter, while sales missed estimates. The company also raised its guidance for FY2025. Progress Software shares fell 7.2% to $59.27 in the after-hours trading session.</li>
<li>Analysts expect The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) to post quarterly earnings at 98 cents per share on revenue of $785.72 million after the closing bell. Greenbrier shares gained 1% to $46.50 in after-hours trading.</li>
</ul>
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Photo courtesy: T. Schneider / Shutterstock.com

MSC Industrial Direct, Constellation Brands And 3 Stocks To Watch Heading Into Tuesday

MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is gearing up to announce its quarterly earnings on Tuesday, 2025-07-01. Here's a quick overview of what investors should know before the release.
Analysts are estimating that MSC Industrial Direct Co will report an earnings per share (EPS) of $1.04.
MSC Industrial Direct Co bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 5.24% drop in the share price the next day.
Here's a look at MSC Industrial Direct Co's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.72</td>
<td>0.73</td>
<td>1.08</td>
<td>1.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.72</td>
<td>0.86</td>
<td>1.03</td>
<td>1.33</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>3.0%</td>
<td>1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1751292015_0_0.png" alt="eps graph" />
<h3>Performance of MSC Industrial Direct Co Shares</h3>
Shares of MSC Industrial Direct Co were trading at $85.48 as of June 27. Over the last 52-week period, shares are up 6.95%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Opinions on MSC Industrial Direct Co</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on MSC Industrial Direct Co.
Analysts have given MSC Industrial Direct Co a total of 3 ratings, with the consensus rating being Neutral. The average one-year price target is $82.33, indicating a potential 3.69% downside.
<h3>Peer Ratings Comparison</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Herc Holdings, SiteOne Landscape Supply and GATX, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for Herc Holdings, with an average 1-year price target of $139.33, suggesting a potential 63.0% upside.</li>
<li>Analysts currently favor an Neutral trajectory for SiteOne Landscape Supply, with an average 1-year price target of $126.71, suggesting a potential 48.23% upside.</li>
<li>Analysts currently favor an Neutral trajectory for GATX, with an average 1-year price target of $160.0, suggesting a potential 87.18% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
The peer analysis summary outlines pivotal metrics for Herc Holdings, SiteOne Landscape Supply and GATX, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSC Industrial Direct Co</td>
<td>Neutral</td>
<td>-4.66%</td>
<td>$365.23M</td>
<td>2.88%</td>
</tr>
<tr>
<td>Herc Holdings</td>
<td>Buy</td>
<td>7.09%</td>
<td>$278M</td>
<td>-1.31%</td>
</tr>
<tr>
<td>SiteOne Landscape Supply</td>
<td>Neutral</td>
<td>3.82%</td>
<td>$309.80M</td>
<td>-1.75%</td>
</tr>
<tr>
<td>GATX</td>
<td>Neutral</td>
<td>10.98%</td>
<td>$206.90M</td>
<td>3.10%</td>
</tr>
</tbody>
</table>

Key Takeaway:
MSC Industrial Direct Co ranks in the middle among its peers for Consensus rating. It ranks at the bottom for Revenue Growth. It ranks at the top for Gross Profit. It ranks in the middle for Return on Equity.
<h3>About MSC Industrial Direct Co</h3>
Founded in 1941, MSC Industrial Direct originally manufactured and sold cutting tools to metalworking shops in New York. Through a series of acquisitions and organic expansions, MSC has grown into an industrial distribution powerhouse with a focus on specialized metalworking products and services. The firm also distributes a wide breadth of maintenance, repair, and operations (MRO) supplies. MSC primarily operates within North America where it derives over 95% of its revenue.
<h3>Financial Insights: MSC Industrial Direct Co</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: MSC Industrial Direct Co's revenue growth over 3 months faced difficulties. As of 28 February, 2025, the company experienced a decline of approximately -4.66%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 4.41%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): MSC Industrial Direct Co's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.88%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): MSC Industrial Direct Co's ROA stands out, surpassing industry averages. With an impressive ROA of 1.59%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MSC Industrial Direct Co's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
<a href="https://www.benzinga.com/quote/MSM/earnings">To track all earnings releases for MSC Industrial Direct Co visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For MSC Industrial Direct Co

MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/MSM/earnings">opening bell on Tuesday, July 1.</a>
Analysts expect the Melville, New York-based company to report quarterly earnings at $1.03 per share, down from $1.33 per share in the year-ago period. MSC Industrial Direct projects to report quarterly revenue at $969.19 million, compared to $979.35 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
MSC Industrial, known for producing metalworking and maintenance, repair, and operations (MRO) products, reported a second-quarter net sales decline of 4.7% year-over-year to $891.7 million. It missed the consensus of $899.54 million.
If investors are eyeing potential gains from the company's dividends, MSC Industrial offers an annual dividend yield of 3.98%. That&#8217;s a quarterly dividend amount of $3.40 per share (85 cents a year).  
So, how can investors exploit the dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $150,872 or around 1,765 shares. For a more modest $100 per month or $1,200 per year, you would need $30,174 or around 353 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.40 in this case). So, $6,000 / $3.40 = 1,765 ($500 per month), and $1,200 / $3.40 = 353 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
MSM Price Action: Shares of MSC Industrial Direct gained 0.8% to close at $85.48 on Friday.
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