Kanye’s cool factor and fixed cost reduction efforts make shares attractive at current levels, according to RBC analyst Kate Fitzsimons. The firm upgraded shares of Gap to OUTPERFORM from SECTOR PERFORM, with a price target of $18 (up from $13). 

The desire from consumers to spruce up their homes and outdoor furniture has seen a spike from the coronavirus, and Wayfair is perfectly positioned to capture this spending, according to Wedbush analyst Seth Basham. The analyst upgraded his rating on Wayfair from NEUTRAL to OUTPERFORM and increased his target price from $165 to $240 on Tuesday.

Jharonne Martis, Director of Consumer at Refinitiv, joined Voice of Wall Street to discuss the top retail themes emerging from the pandemic. Nathaniel Meyersohn, Retail Reporter at CNN, joined us to talk about how dollar stores are the unsung hero of retail, quietly raking in profits and expanding their footprint. 

Activision-Blizzard continues to grow its total addressable market as live sports largely remain on hold and cinemas push back their reopen dates, according to Needham analyst Laura Martin. Martin raised her price target for the video game stock to $90 a share on Thursday, up from $75. 

Constellation Brands' better-than-expected wine and spirit sales, combined with the rapid growth of the hard seltzer brand, helped to offset the drop in beer sales.

Beyond Meat is breaking into the grocery aisle in mainland China. The plant-based meat company will start selling its burger in 50 of the Alibaba-owned Freshippo supermarket stores in Shanghai this weekend, according to Beyond Meat. In September, it will expand to 48 more locations in China.

Tesla’s quarterly delivery and production report is expected to be released later this week. Cowen analyst Jeffrey Osborne, who has a $300 price target and UNDERPERFORM rating for the stock, raised his Q2 delivery forecast to 84,000 from 70,000, citing faster China/Model Y ramp.