Fox Corp (NASDAQ:FOXA) just got an upgrade from Wells Fargo to "overweight" from "equal weight." The analyst also upped its price target to $47 from $42, saying it sees FOXA channeling its focus into sports betting lines, unlike its media peers which are prioritizing direct-to-consumer streaming services. It also noted that within a few years, the company will likely be a sports betting stock that has media network assets.

FOXA is up 2.4% at $37.45 this morning. The security has been plateauing since a mid-March plummet from its all-time high of $44.80, though the 100-day moving average is containing some of this negative price action. Another key trendline to watch will be the security's formerly supportive 80-day moving average, which FOXA breached earlier this month. Today's trading puts the stock closer to toppling this trendline, though it's still acting as pressure on the charts. 

The brokerage bunch was split on FOXA heading into today. Of the nine in coverage, four said "buy" or better, and five said "hold." The 12-month consensus price target of $41.41 is a 13.2% premium to last night's close. 

Option traders, on the other hand, have been overwhelmingly bullish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), FOXA sports a 10-day call/put volume ratio of 27.49, which stands higher than all other readings from the past 12 months, implying long calls haven't been more popular this past year.

There's still plenty of room to get in of FOXA's next move with options though. The stock's Schaeffer's Volatility Index (SVI) of 28% stands in the lowest percentile of its annual range. This means option traders are pricing in extremely low volatility expectations for the security right now. 

Things will stay at a relatively slow pace today with only wholesale inventories on tap, but the highly anticipated GameStop earnings report is due out. 

The following companies are slated to release quarterly earnings reports today, June 9:

Brown-Forman Corp. (NYSE:BF-B -- $79.69) manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. Brown-Forman will report its Q4 earnings of 2021 before the bell today.

Campbell Soup Co. (NYSE:CPB -- $49.12) engages in the manufacture and market food and beverage products. Campbell Soup will report its Q3 earnings of 2021 before the bell today.

Lovesac Co. (NASDAQ:LOVE -- $81.76) designs, manufactures, and sells furniture. Lovesac will report its Q1 earnings of 2021 before the bell today.

United Natural Foods Inc. (NYSE:UNFI -- $40.62) distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. United Natural Foods will report its Q3 earnings of 2021 before the bell today.

Vera Bradley Inc. (NASDAQ:VRA -- $13.54) designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. Vera Bradley will report its Q1 earnings of 2022 before the bell today.

GameStop Corp. (NYSE:GME -- $300.00) engages in the retail of multichannel video game, consumer electronics, and wireless services. GameStop will report its Q1 earnings of 2021 after the market closes today.

Greif Inc. (NYSE:GEF -- $60.42) produces and sells industrial packaging products and services. Greif will report its Q2 earnings of 2021 after the market closes today.

Oxford Industries Inc. (NYSE:OXM -- $97.79) designs, sources, markets, and distributes products of lifestyle and other brands. Oxford Industries will report its Q1 earnings of 2021 after the market closes today.

RH (NYSE:RH -- $628.83) operates as a retailer in the home furnishings. RH will report its Q1 earnings of 2021 after the market closes today.

Verint Systems Inc. (NASDAQ:VRNT -- $46.67) operates as a sporting goods and outdoor recreational products retailer in the United States. Verint Systems will report its Q1 earnings of 2021 after the market closes today.

The following public companies released quarterly earnings reports yesterday, June 8:

Academy Sports and Outdoors Inc. (NASDAQ:ASO -- $37.78) operates as a sporting goods and outdoor recreational products retailer in the United States. Academy Sports and Outdoors reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $1.06. The company earned $1.58 billion during the quarter, compared to the consensus estimate of $1.51 billion.

Momo Inc. (NASDAQ:MOMO -- $13.92) provides mobile-based social and entertainment services in the People's Republic of China. Momo reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.72 by $1.00. The business earned $3.80 billion during the quarter, compared to analysts' expectations of $3.68 billion.

Navistar International Corp. (NYSE:NAV -- $44.33) manufactures and sells commercial trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines. Navistar reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.34. The company earned $2.16 billion during the quarter, compared to the consensus estimate of $2.26 billion.

Thor Industries Inc. (NYSE:THO -- $117.07) designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories. Thor Industries reported $3.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.98. The business earned $3.46 billion during the quarter, compared to analysts' expectations of $3.01 billion.

ABM Industries Inc. (NYSE:ABM -- $48.56) provides integrated facility solutions in the United States and internationally. ABM Industries reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.40. The business earned $1.49 billion during the quarter, compared to analysts' expectations of $1.48 billion.

BEST Inc. (NYSE:BEST -- $1.48) operates as a smart supply chain service provider in the People's Republic of China. BEST reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $1.35. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.99 billion.

Calavo Growers Inc. (NASDAQ:CVGW -- $73.79) markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. Calavo Growers reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by $0.06. The firm had revenue of $276.80 million for the quarter, compared to analyst estimates of $267.63 million.

Casey's General Stores Inc. (NASDAQ:CASY -- $215.29) operates convenience stores under the Casey's and Casey's General Store names. Casey's General Stores reported $1.12 EPS for the quarter, beating the consensus estimate of $0.88 by $0.24. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.17 billion.

Comtech Telecommunications Corp. (NASDAQ:CMTL -- $24.71) designs, develops, produces, and markets products, systems, and services for communications solutions. Comtech Telecommunications reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.11. The company earned $161.30 million during the quarter, compared to the consensus estimate of $138.10 million.

Looking ahead to tomorrow, the schedule will get busy fast with the usual initial and continuing jobless claims data, the consumer price index (CPI), core CPI, and Federal budget balance. All economic dates listed here are tentative and subject to change.

Today brings job openings and trade balance data for investors to unpack, as well as a good handful of earnings reports as earnings season winds down. 

The following companies are slated to release quarterly earnings reports today, June 8:

Academy Sports and Outdoors Inc. (NASDAQ:ASO -- $37.78) operates as a sporting goods and outdoor recreational products retailer in the United States. Academy Sports and Outdoors will report its Q1 earnings of 2021 before the bell today.

Momo Inc. (NASDAQ:MOMO -- $13.92) provides mobile-based social and entertainment services in the People's Republic of China. Momo will report its Q1 earnings of 2021 before the bell today.

Navistar International Corp. (NYSE:NAV -- $44.33) manufactures and sells commercial trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines. Navistar will report its Q2 earnings of 2021 before the bell today.

Thor Industries Inc. (NYSE:THO -- $117.07) designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories. Thor Industries will report its Q3 earnings of 2021 before the bell today.

ABM Industries Inc. (NYSE:ABM -- $48.56) provides integrated facility solutions in the United States and internationally. ABM Industries will report its Q1 earnings of 2021 after the market closes today.

BEST Inc. (NYSE:BEST -- $1.48) operates as a smart supply chain service provider in the People's Republic of China. BEST will report its Q1 earnings of 2021 after the market closes today.

Calavo Growers Inc. (NASDAQ:CVGW -- $73.79) markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. Calavo Growers will report its Q2 earnings of 2021 after the market closes today.

Casey's General Stores Inc. (NASDAQ:CASY -- $215.29) operates convenience stores under the Casey's and Casey's General Store names. Casey's General Stores will report its Q4 earnings of 2021 after the market closes today.

Comtech Telecommunications Corp. (NASDAQ:CMTL -- $24.71) designs, develops, produces, and markets products, systems, and services for communications solutions. Comtech Telecommunications will report its Q1 earnings of 2021 after the market closes today.

The following public companies released quarterly earnings reports yesterday, June 7:

G-III Apparel Group Ltd. (NASDAQ:GIII -- $31.44) designs, sources, and markets women's and men's apparel. G-III Apparel reported $0.53 EPS for the quarter, topping the consensus estimate of $0.15 by $0.38. The business had revenue of $519.90 million for the quarter, compared to analyst estimates of $462.60 million.

Coupa Software Inc. (NASDAQ:COUP -- $230.23) provides cloud-based business spend management platform. Coupa Software reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.28. The firm had revenue of $163.54 million for the quarter, compared to the consensus estimate of $145.89 million.

HealthEquity Inc. (NASDAQ:HQY -- $81.10) provides technology-enabled services platforms to consumers and employers in the United States. HealthEquity reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business earned $188.20 million during the quarter, compared to the consensus estimate of $185.68 million.

Marvell Technology Inc. (NASDAQ:MRVL -- $48.70) designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Marvell reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Marvell Technology has generated $0.58 earnings per share over the last year.

REV Group Inc. (NYSE:RVLV -- $56.51) operates as an online fashion retailer for consumers. REV Group reported $0.30 EPS for the quarter, beating the consensus estimate of $0.13 by $0.17. The business earned $178.91 million during the quarter, compared to analysts' expectations of $156.28 million.

Stitch Fix Inc. (NASDAQ:SFIX -- $55.52) sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. Stitch Fix reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02. The business had revenue of $504.10 million for the quarter, compared to the consensus estimate of $512.17 million.

Vail Resorts Inc. (NYSE:MTN -- $333.38) operates mountain resorts and urban ski areas in the United States. Vail Resorts reported $3.62 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $1.59. The firm had revenue of $684.60 million for the quarter, compared to analysts' expectations of $643.83 million.

Looking ahead to tomorrow, things will stay at a relatively slow pace on Wednesday with only wholesale inventories on tap. All economic dates listed here are tentative and subject to change.

Through creating retail investor interest on platforms like Facebook, Reddit, and Robinhood, certain companies have seen massive surges in share prices and volumes. These surges are speculative, volatile, and seemingly random, but they have created what we now know as Reddit stocks or meme stocks.

From these social media-driven stocks has come the rise in meme investing; a newer concept on Wall Street borne out of commission-free trading, that has become incredibly popular with retail traders. But meme investing can be very risky. The initial surge in price and volume is due to viral interest online; there is a good chance that the stock will also lose its value once the press settles. So, while you can make a lot of money in a short time, there is also the opportunity to lose a lot if you get in at the wrong time.

Whether you decide to invest in these volatile stocks or keep a pulse on the market so you understand what smaller sellers are focused on, these are the Reddit stocks to watch right now!

AMC Entertainment Holdings, Inc. (NYSE:AMC) is a movie theatre company in the United States. Last seen trading at $55.37, AMC hit a record high of $72.62 on June 2.

GameStop Corporation (NYSE:GME) is a video game retailer and perhaps the original Reddit stock, exploding onto the scene in January 2021. Last seen trading around $300, GME is up 5,902% year-over-year. That is not a misprint.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) is an American chain of domestic merchandise retail stores. BBBY is trading at $36.66 and is up 271% year-to-date.

PetMed Express, Inc (NASDAQ:PETS) is an online pet pharmacy based in the United States. PETS is up 17% in June alone.

Nikola Corporation (NASDAQ:NKLA) is an American company that makes zero-emission vehicles. Last seen trading at $18.66, Nikola stock is up 34% this quarter, despite trading in penny stock territory in mid-April.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) is a real estate investment trust (REIT) that's up 66% in the last month and hit an annual high of $3.42 on June 2.

Tech giant BlackBerry Limited (NYSE:BB) has had a revival of sorts in the last year, up 173% in the last 12 months. This includes a 57% gain already in June. 

Sundial Growers (NASDAQ:SNDL) is a Canadian cannabis company that has gotten hotter at the onset of summer.  Sundial stock is up 141% in 2021.

Palantir Technologies Inc. (NYSE:PLTR) is an American software stock that specializes in big data analytics. Palantir is up 23% in the last 30 days, bouncing off the $18 level.

Tech stock Nokia Corporation (NYSE:NOK) is up 42% in the last three months.

Nio Inc. (NYSE:NIO) is an electric car company based in America. The Tesla (TSLA) rival was red-hot heading into 2021. Although the stock is down 10% year-to-date, it's tacked on 18.5% in the last month.

Cannabis stock Tilray, Inc. (NASDAQ:TLRY) is up 142% year-to-date, but last seen trading at $20, remains a ways off its Feb. 10 all-time high of $67.