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U.S. stocks on Wednesday were little changed at the start of a truncated trading session due to the Independence Day holiday. Here are some stocks to watch on Wednesday:
- Shares of Constellation Brands (STZ) gave up pre-market gains, despite the beverage giant comfortably beating FQ1 2025 bottom-line estimates and raising its fiscal full-year reported profit per share guidance. The company’s quarterly revenue rose 6% Y/Y to $2.66B, helped by an 8% increase in its flagship beer business. Constellation (STZ) said its beer shipment volumes improved 7.6% Y/Y, and it saw ongoing high demand across most of its brands, including growth of about 11% and 21%, respectively, in Modelo Especial and Pacifico.
- Marathon Digital (MARA) stock slipped more than 3%, after the cryptocurrency miner said its bitcoin (BTC-USD) production fell 40% Y/Y in June to 590. The firm said the decrease was primarily due to bitcoin’s (BTC-USD) halving in April. Halving events reduce the rate at which new coins are created and thus lower the available amount of new supply. Marathon (MARA) said it doubled its average operational hash rate Y/Y in June to 26.3 exahash, citing operational improvements in Ellendale and its facility being fully operational as of the beginning of July.
- Class C shares of Dell Technologies (DELL) climbed about 1.5%, after it was added by Bank of America’s global research team to a list of “best investment ideas” among U.S-listed stocks covered by the brokerage. As per the research team, the US 1 list’s goal is to provide “superior investment performance over the long term.” The PC and electronics maker is seen by investors as one of the companies that will benefit strongly from the artificial intelligence craze.
- Class A shares of Desktop Metal (DM) added more than 8%, after Israel-based Nano Dimension (NNDM) said it would buy the 3D printing firm for possibly as little as $135M. The announcement marks the end to a long and complicated saga for the better part of last year that saw up to four companies in the 3D printing industry vying for deals. With NNDM and DM, the other names involved were Stratasys (SSYS) and 3D Systems (DDD).