Wall Street Breakfast

The Fed tells some lenders to strengthen liquidity positions. (0:15) The FOMC's favorite inflation gauge ticks up year-on-year. (1:46) U.S. expands AI chip shipment curbs. (4:14)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesCharts favor three heavily-shorted REITs - BTIGDiscounter pain: Dollar General peels off 14% after guidance cut; Dollar Tree and Five Below also fallPalantir dips after Morgan Stanley cuts rating

Salesforce (CRM) jumps as Q2 results top expectations, raises guidance. (00:31) CrowdStrike (CRWD) slips even as Q2 results surpass estimates, raises guidance. (01:28) Baidu (BIDU) among first companies to get China nod for AI models -report. (02:33)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Salesforce, UBS, Okta and moreSam Bankman-Fried lawyers push for fraud trial delayToyota restarts Japan assembly lines after production system malfunctionTesla under DOJ investigation for building Musk a glass castleCannabis stocks rally amid reports DEA may reclassify drug as less risky

GDP and inflation are revised down, prompting more dovish bets. (0:15) ATM fees hit a new record. (3:05) Burger King’s Whopper will be on trial. (3:32)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesQuits rate, not openings, hints at a peak in the business cycleU.S. airlines are expected to see record traffic over Labor Day weekendTexas Instruments falls as Bernstein downgrades on revenue, margin concerns

Grayscale wins court ruling over SEC's denial of Bitcoin ETF; Coinbase (COIN) jumps. (00:28) Hurricane Idalia may lift construction stocks in shorter term: Citibank. (01:58) Planet Fitness (PLNT) expands pricing pilot to more states. (03:06)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Ambarella, HPQ, Box and moreJOLTS shows megacaps are still mega-dependent on the FedVinFast Auto plunges on market cap reality checkAmazon's CEO: Come back to the office or elseCatalyst Watch: Spotlight on Lululemon, drug pricing and the August jobs report

EV maker NIO feels the pinch of lower prices on margins. (0:15) Job openings drop to lowest level in more than 2 years. (1;28) The first 10 Medicare Part D drugs chosen for price negotiations. (3:36)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesNIO in charts: Q2 deliveries disappoint amid shift in market preference to Sedans from SUVsJefferies picks a baker's dozen of top small and midcap stocksAT&T, Verizon get rating upgrades at CitiBest Buy gains after posting better-than-feared Q2 earnings report

American Airlines (AAL) is hit with the largest fine ever for breaking tarmac delay rules. (00:27) Toyota (TM) halts production at all factories in Japan. (01:17) Amazon (AMZN) hikes free shipping minimum to $35 to match Walmart's (WMT) requirement. (02:36)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Jackson Financial, UP Fintech and moreMeta, Google, others said to meet with Sen. Schumer on AI next monthSummer of strikes: Why is labor rising across the U.S.?3M board approves $6B settlement for combat earplugsCatalyst Watch: Spotlight on Lululemon, drug pricing and the August jobs report

Property developer China Evergrande loses 80% of its value as it resumes trading. (0:15) Under Armour (UAA) gets a vote of confidence. (2:05) Danaher to pay $5.7B for UK’s Abcam. (2:56)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesHedge and mutual funds rotate from tech; see the stocks they love and shunKimco to acquire RPT REalty in $2B all-stock dealMongoDB rises as Citi expects 'more impressive' results than competition

XPeng (XPEV) enters a strategic partnership with DiDi Global (DIDIY) that includes buying its smart car arm. (00:30) 3M (MMM) agrees to pay more than $5.5B in settlement over military earplugs - report. (01:29) Jabil (JBL) to sell China manufacturing business in $2.2B deal. (02:26)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: XPeng, VinFast and moreRaimondo in China to discuss U.S.-Sino bilateral relationshipDatabricks in discussions to raise funds at $43B valuation - reportWall Street lists potential targets for Medicare drug price negotiationsCatalyst Watch: Spotlight on Lululemon, drug pricing and the August jobs report

Catalyst watch for the week of August 27. Seeking Alpha Senior Executive Editor Kim Khan on the core PCE price index and the August jobs report. (00:22) Julie gives a brief earnings preview of CrowdStrike (CRWD) and Salesforce (CRM). (03:05) Kim also shares insight behind the euphoria fading following Nvidia’s (NVDA) second-quarter results and guidance. (04:32)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Catalyst Watch: Spotlight on Lululemon, drug pricing and the August jobs reportFederal Reserve is prepared to hike rates more if needed: Powell at Jackson HoleNvidia: Quick Takes On Monstrous Q2 2024 Earnings BeatCrowdStrike checks 'solid,' Q2 results may show seasonality: BarclaysSalesforce checks show 'stable to improving' demand, Wells Fargo says

Jay Powell plays it safe, leading to large swings in stocks. (0:15) Investors ramp up bets against Disney as it hits 9-year low. (2:21) The S&P is flashing a correction signal not seen since the early 2003s. (3:51)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesSix countries invited to join BRICS, including Saudi ArabiaNetflix rises as Loop Capital upgrades on valuation, improving fundamentalsMeta launches AI model for coding

New Maui County lawsuit alleges Hawaiian Electric's (HE) negligence caused wildfire. (00:34) DoJ sues SpaceX (SPACE) for hiring discrimination against asylum seekers, refugees. (01:49) Ukrainian pilots to start F-16 (LMT) training in U.S. soon. (03:00)Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Hawaiian Electric, Affirm Holdings and moreAgape ATP upsizes proposed offering to $7m, seeks Nasdaq uplistingToronto-Dominion Bank under DOJ probe related to anti-money laundering practicesiRobot sets Oct. 12 for new holder vote on revised deal with Amazon

Oil prices drop below $80 per barrel on China demand concerns. (0:15) Stocks see sharp reversal from overnight Nvidia enthusiasm. (1:37) Wells Fargo like the look of ‘uber caps.’ (4:55)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesInitial jobless claims fall for second week in a rowRocket Lab rallies after 40th Electron mission includes reusing an engineSnowflake pops as Q2 results show consumption 'stabilizing,' some 'green shoots'

Nvidia (NVDA) soars as Q2 earnings, guidance smash estimates; unveils $25B buyback. (00:27) Jerome Powell at Jackson Hole: Expect push-back on rate cuts, bond yield comments. (01:41) Boeing (BA) sees new production issue on 737 MAX - report. (02:53)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: NVIDIA, Splunk, Groupon and moreLVMH, Ferrari, Ralph Lauren, Mercedes-Benz are listed in the new Luxury ETF: LUXXSpaceX reportedly working with Cloudflare to boost StarlinkCVS Health launches biosimilars business, with Humira rival as first product

Goldman Sachs putting pressure on workers not in the office 5 days a week. (0:15) Foot Locker (FL) plunges after suspending its dividend. (2:08) Morgan Stanley highlights AI trends to watch. (3:39)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesFive metrics for AI trendspottingPeloton falls 30% on a lowered forecast as turnaround proves to be elusiveMortgage applications fall by ~4%, reportedly to lowest level in 28 years

Deep FTC probe of Qualcomm (QCOM) auto-chip deal reportedly on deck for Wednesday. (00:32) VinFast (VFS) has the 3rd highest auto market cap - SA analysts say Sell while Wall Street is quiet. (01:35) Goldman Sachs (GS) said to urge staff to work from office five days a week. (03:09)Episode transcripts seekingalpha.com/wsb.Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: AMC Entertainment, Manchester United, VinFast Auto and moreRetail's true crime story: Top execs say rise in theft is cutting into earningsManchester United jumps on report sale may be announced next monthU.S. lifts restrictions on 27 Chinese companies ahead of Commerce Secretary tripCatalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

Nvidia (NVDA) is riding high ahead of results. Is it party on or party over? (0:15) Dig into ever-rising bond yields. (3:11) Dick’s Sporting Goods (DKS) spooks the sector with guidance cut. (4:52)Episode transcripts seekingalpha.com/wsbSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesNvidia Is Poised For Another Earnings BlowoutNvidia Q2: Party May Be OverMedtronic raises guidance as Q1 results exceed forecastsJPMorgan continues to ring the alarm of sticky inflation

Arm (SFTBY) files IPO, set to trade on Nasdaq. (00:26) Tingo (TIO) postpones Q2 results yet again after Hindenburg short report, stock -27% after hours. (01:26) S&P downgrades 5 regional banks amid higher for longer rates, asset quality risks. (02:13)Sign up for our daily newsletter here and for full access to transcripts, analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Fabrinet and Tingo GroupZoom Video returns to revenue growth in FQ2, stock rises more than 4% after hoursLos Angeles-area refineries come through hurricane mostly OK - ReutersFDA approves Pfizer's RSV vaccine as maternal immunization for babiesCatalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

J&J share swap offer for Kenvue is oversubscribed. (0:15) Nvidia (NVDA) leads chip stocks up again as its earnings approach and the 10-year yields hits a 52-week high. (1:26) See what J.P. Morgan’s AI sentiment model says. (4:06)Sign up for our daily newsletter here and for full access to transcripts, analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show NotesJ.P. Morgan AI model shows sentiment sour on Fed and taxes, fading on buybacksMedical Properties Trust slashes dividend to strengthen balance sheetPalo Alto Networks pops as Wedbush calls Friday night call 'water under the bridge'European natural gas prices jump as Australia LNG workers poised to strike

Marsh & McLennan (MMC) reaches $450M deal for Australia's Honan Insurance. (00:32) Bill Ackman, Boaz Weinstein reportedly make rival $12/share offer for Sculptor Capital (SCU). (00:59) Shipping wars: Amazon (AMZN) restarts service that competes with FedEx (FDX) and UPS. (2:02) Sign up for our daily newsletter here and for full access to transcripts, analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Biggest stock movers today: Palo Alto Networks and Napco Security TechnologiesJerome Powell at Jackson Hole: Expect push-back on rate cuts, bond yield commentsChina cuts one-year loan prime rate to record low of 3.45%DuPont near deal to sell resins unit for $1.8B - reportCatalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

Steven Cress, head of Quantitative Strategy at Seeking Alpha, joins Kim Khan to discuss the current stock market landscape and how it’s shifted from the 1st half surge (0:25). Market rotation and more breadth - are we in a stock picking environment? Quant Ratings' top picks for H2 2023 (3:10). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.Sign up for our daily newsletter here and for full access to transcripts, analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.Show links:Quant Rating Spies More Top Stocks As Market Breadth Widens With Steven CressTop 10 Stocks For 2023 With Head Of Quant Steven CressTop 10 Stocks For H2 20232 Stock Buys That Leverage ChatGPT And Generative AIQuant Investing: How To Beat The Market With Math