Commodities: Oranges / US:FCOJ:Frozen Concentrated Orange Juice

Florida’s orange production has dropped to its lowest since 1932, a level last seen during the Great Depression and Dust Bowl era. Meanwhile, frozen concentrated orange juice futures (FCOJ) have slumped 51%, reflecting oversupply and weakening prices.

US:EXPE:Expedia

Expedia reported robust travel demand, with 105 million room nights booked in Q2 2025, up 7% YoY. Business-to-business bookings rose 17%, marking a 16th straight quarter of double-digit growth. The firm executed nearly $1B in buybacks in 1H 2025 under its $5B repurchase plan. Shares are consolidating around the $205 support zone, with analysts watching for a potential move into the high $200s.

US:EXPE:Expedia

Travel demand remains robust in 2025 despite economic headwinds, with full flights, packed trains, and crowded tourist destinations. Families, professionals, and retirees continue to drive spending on experiences, making travel a secular growth story rather than a cyclical one post-COVID.

Expedia has been a key beneficiary. In Q2 2025, the company reported 105 million room nights booked, up 7% year-over-year, while business-to-business bookings rose 17%, marking its 16th consecutive quarter of double-digit growth.

The company has been aggressive on capital returns, executing a $5 billion share repurchase plan first authorized in 2023. In Q2 alone, Expedia repurchased 3.8 million shares worth $627 million, bringing 1H 2025 buybacks to nearly $1 billion. Management raised full-year guidance, highlighting expanding EBITDA margins and stronger international revenue growth compared with its U.S. operations.

Expedia is also diversifying, with its B2B segment and advertising providing higher-margin growth streams. Analysts view the stock as slightly overbought but supported by strong fundamentals, with key support seen in the $199–$205 range. Traders expect potential upside into the high $200s or low $300s over the next few years.

US:WYNN:Wynn Resorts

Wynn Resorts is outperforming in 2025, with shares up 49% year-to-date, far ahead of the S&P 500’s 13% gain. Stifel reiterated its buy rating and lifted the price target to $145 from $130, signaling 17.6% upside.

Momentum is being fueled by Macao’s gaming recovery, with revenue there climbing 12.2% YoY to $3 billion in August. Wynn is also expanding globally, with its Al Marjan Island resort in the UAE scheduled to open in 2027. Analysts expect Macao and UAE operations to contribute 45% and 15% of EBITDA by 2027, respectively.

Of 19 analysts covering the stock, 17 rate it a buy or strong buy, underscoring bullish sentiment around Wynn’s international growth story.

US:AMD:Advanced Micro Devices

Advanced Micro Devices (AMD) is seen as a strong candidate for cash-covered put strategies amid volatility. The company is a major player in the AI boom, forecasting Q4 2026 data center revenue of $6.23 billion, up from just under $4 billion in Q4 2024. At 29x forward earnings, AMD trades near sector averages but faces short-term technical weakness.

A recent options trade example generated $525 in premium per contract, representing ~3.3% yield on the stock price, with an effective cost basis of $141.75 per share if assigned — over 10% below the current market level. Analysts see further upside in the long term, but short-term weakness could present entry opportunities.

US:TSLA:Tesla

Tesla shares have nearly doubled in the past six months, climbing 90% versus the S&P 500’s 13% gain. However, Goldman Sachs maintained a neutral rating even as it raised its price target to $395 from $300, suggesting the stock could fall 7% from Wednesday’s close despite long-term growth potential.

Analyst Mark Delaney cited optimism over autonomy and robotics, projecting earnings could hit $20 per share by 2030. Near-term, Tesla is expected to benefit from the Model Y L launch and continued support from Inflation Reduction Act EV credits, which expire on September 30, 2025.

Despite a 14% drop in Q2 vehicle deliveries, Goldman expects stronger volumes in 2H 2025. Out of 44 analysts tracked by LSEG, 23 rate Tesla a buy, while 21 remain neutral, underscoring divided views.

US:SPX:S&P 500 / US:QQQ:Nasdaq Composite

Markets reacted sharply to the Federal Reserve’s latest quarter-point rate cut, which Chair Jerome Powell described as a “risk management” move. The Fed’s dot plot showed expectations for three cuts in 2025, up from two previously.

AI even weighed in: JPMorgan’s natural language processing tool flagged Powell’s remarks as the most dovish since 2021. Futures tied to the S&P 500 and Nasdaq-100 surged Thursday, with the Technology Select Sector SPDR Fund (XLK) up 1.4%, led by a 2% gain in Nvidia and a surprise 30% surge in Intel after Nvidia announced a $5 billion investment.

The 10-year Treasury yield climbed to 4.11%, reflecting cautious optimism. Analysts caution that upcoming labor and inflation data could alter the Fed’s policy path, but for now, Wall Street is embracing the dovish shift.

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