FirstLook

Research evidence excerpt

FirstLook

July 02, 2026

First Look

Global Automotive Evercore ISI Focus

EvrISI Autos Pitstop: US SAAR / TSLA Deliveries / Waymo

Daily Economic Report & UBER "Breakup" / VW Restructuring / Cu vs Al / Q2 EPS

Stable Labor Market In June Page 3 Page 7

Francesca Ponziani Chris McNally

Economics & Central Banking Strategy Medical Supplies & Devices

WARSH PROVIDES NO FUEL FOR JULY HIKE BDX, BLCO – Rx Tracker: Injectable GLPs, Miebo & Xiidra

SPECULATION, SUNNY ON AI MEDIUM TERM Page 3 Trends Page 7

Marco Casiraghi Vijay Kumar

Healthcare Technology & DistributionCap Goods Cos. Survey

Follow the $ – Continued Funding Momentum SuggestsCap Good Cos. Survey Remains At Highest Level Since

Fundamentals Intact; Pharma R&D Positive Page 8Fall 2024 Page 3

Elizabeth AndersonOscar Sloterbeck

TAP ListAuto Aftermarket Mfg. Cos. Survey

Evercore ISI's TAP List Page 8Auto Aftermarket Mfg. Cos. Survey Was Slower To End

June, Promotions Fell. Page 4 Evercore ISI

Oscar Sloterbeck

Lodging

Homebuilders Survey EVRISI RevPAR Tracker: US +10% for the week ended

June 27th Page 9Homebuilders Survey Improves To End June + Updates To

Our Quarterly Questions Page 4 Duane Pfennigwerth

Company Updates

Airlines Survey Constellation Brands (STZ)

Airlines Survey Steady Following Improvement. Steady Attractive valution; Accelerating trends into summer Page 10

Bookings & Very Strong Pricing. Page 5

Robert Ottenstein Outperform

The Kroger Co (KR)

Quantitative Strategy

Kroger Provides Early 4th Fireworks with Giant Eagle Deal

Rare July Seasonal Setup Reinforces “Risk On” Factor Page 10

Trends: Factor EDGE Page 5 Michael Montani Outperform

Julian Emanuel

Guardant Health, Inc. (GH)

Price Target Changes UNH Announces 1L Shield Coverage: Another Positive