The Rich Zeoli Show- Hour 4:

• JPMorgan has downgraded Target’s stock after backlash stemming from their sale of trans-merchandise for children. Caroline Downey of National Review writes, “[t]he stock was demoted from overweight, which means the broker has a positive outlook on the company’s prospects due to its current share price and that the stock is considered a strong buy, to neutral, which means the broker believes the investor should hold the stock as its price may not change.” Meanwhile, Bud Light continues to struggle financially following its affiliation with transgender-activist Dylan Mulvaney. Target’s market capitalization has dropped a massive $12 billion dollars, while Anheuser-Busch—parent company of Bud Light—has lost roughly $5 billion in market capitalization. You can read Downey’s article here: https://www.nationalreview.com/news/jpmorgan-downgrades-target-stock-amid-backlash-over-lgbt-merchandise/#:~:text=Target%27s%20stock%20was%20downgraded%20on,the%20store%27s%20LGBT%20product%20campaign
• June 1st kicked off Pride Month. An NBC Nightly News report from Stephanie Gosk bemoaned the fact that several companies have begun to be less vociferous in their support/participation in Pride Month—specifically, elements of the LGBTQ+ community that have been outspoken in their support for “gender affirming” procedures on children. If companies are seeking to support oppressed groups, why isn’t there a month supporting Uyghur Muslims in China.
• During a recent press conference, Canadian Prime Minister Justin Trudeau—son of Pierre Trudeau, and definitely not a Cuban dictator—talked about the merits of recycling!