Tesla (TSLA), HP Inc (HPQ), Anheuser-Busch Inbev NV (BUD), and Netflix (NFLX) have all seen moves to the downside. Shawn Cruz joins Caroline Woods to discuss these stocks. He talks about how TSLA is down about 3% with production headwinds dampening the company's outlook, as well as noting that deliveries did not do well. He then goes over HPQ which was downgraded to in line from outperform at Evercore ISI. He underlines that PC demand is slowing down which is having a negative effect on HPQ. He also talks about BUD whose consistency of earnings delivery has improved significantly, however despite an upgrade the stock is still down today. Finally, he mentions NFLX which is down about 71% year-to-date and received a price target cut from Piper Sandler. The analyst says that NFLX's valuation is more attractive as it remains above streaming media peers. Tune in to find out more about these stocks.
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