Wall Street Breakfast

Catalyst watch for the week of August 20. Seeking Alpha Managing News Editor Kim Khan on the significance of r-star and what investors can expect from the Jackson Hole Economic Symposium. (00:22) Julie gives a brief earnings preview of Nvidia (NVDA). (04:28) Kim also shares insight behind 13F filings from Warren Buffet’s Berkshire Hathaway (BRK.B) and Michael Burry. (05:48)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:Catalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jittersLowe's: A Stable Player With A Lot Of Margin For ImprovementTracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2023 UpdateNvidia: Don't Be The Greatest FoolJackson Hole 2023 Preview: Expect High Rates For Longer

U.S. home sales see first monthly slump since April while long-term mortgages exceed 7%. (00:34) China Evergrande (EGRNF) files for Chapter 15 bankruptcy in New York. (01:58) CVS Health (CVS) says no near-term impact from PBM contract loss. (02:24)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: Farfetch, Ross Stores and moreInstacart plans for IPO as soon as next month - reportFord, South Korean firms to build $886M EV battery materials plant in QuebecU.S. to impose tariffs on tin-plated steel imports from China, Germany, Canada

Some Fed officials favored maintaining rates in July; most open to hikes ahead: FOMC minutes. (00:27) BAE to buy Ball Aerospace (BALL) for $5.55B to boost space, defense capabilities. (01:31) Johnson & Johnson (JNJ) finalizes an exchange ratio in Kenvue (KVUE) split-off. (02:28)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: Avnet, Wolfspeed and moreHawaiian Electric in talks with financial restructuring professionals - WSJTesla gets big Texas win with charging mandateTyson Foods eyes sale of China poultry business - report

Intel (INTC) axes Tower Semiconductor (TSEM) acquisition after not getting China nod. (00:22) Electric vehicle maker Vinfast (VFS) skyrockets in Nasdaq debut. (01:08) First Solar (FSLR) slides after audit finds forced labor in Malaysian factory. (02:03)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: Tower Semiconductor, DLocal Limited and morePhillips 66 to lay off 275 office workers in latest cost-cutting moveSilvergate Capital CEO to depart in next phase of crypto bank's wind-downEsmark CEO says he has cash for U.S. Steel deal

Consumer spending confounds expectations in July, with an Amazon (AMZN) assist. (0:15) Sea Limited (SE) tumbles after earnings. (2:40) More than 70 banks could face credit downgrades. (3:25)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 NotesMoney managers boost risk, dump REITs to Lehman levelsElectric vehicle sticker shock: Tesla introduces cheaper versions of the Model S and Model XMichael Burry's Scion shorts stock market in Q2, exits bank stocksHome Depot sees comparable sales fall 2% as big-ticket demand lags

Warren Buffett's Berkshire (BRK.B) builds stakes in homebuilders DHI, NVR, Lennar (LEN.B). (00:28) Saudi Arabia, UAE said to buy 'thousands' of Nvidia (NVDA) GPUs for AI. (02:17) Catalent (CTLT) accused of misleading investors in shareholder suit. (02:48)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:'Barbie' rolls on, entering all-time top 20 U.S. movie grossesTesla launches cheaper Model S and X standard range versionsRon DeSantis calls on Bob Iger to drop Disney lawsuitUBS to pay $1.44B to settle financial crisis-era mortgage bond caseCatalyst Watch: Eyes On Walmart, Cisco, FOMC minutes and 13F filings

Inflation will fall enough for the Fed to cut rates Q2 next year, Goldman Sachs says. (0:15) Nvidia (NVDA) stock price looks attractive to Morgan Stanley. (2:05) PayPal (PYPL) confirms new CEO. (3:05)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 NotesUber Crowded, Battleground and Sweet 16 stock portfolios from JefferiesHawaiian Electric facing scrutiny for not cutting power before Maui wildfiresNikola falls sharply after recalling Class Tre battery-electric vehiclesTMC surges after pricing $27M offering of shares, warrants

U.S. Steel (X) explores strategic alternatives after rejecting Cleveland-Cliffs (CLF) offer. (00:23) Tesla (TSLA) trims prices of some Model Y versions in China. (01:33) Maui wildfires impact Hawaiian Holdings (HA), Host Hotels & Resorts (HST), and Hawaiian Electric (HE). (02:33)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:Starboard Value boosts stakes in Wix.com, Humana, trims SalesforceStudent loan repayments to start up in October - Will it spark a recession?Pharma under threat from bill to expand drug price negotiationsCatalyst Watch: Eyes On Walmart, Cisco, FOMC minutes and 13F filings

Rob Isbitts and Matthew Tuttle return to discuss monitoring yields and why Fitch downgrading U.S. debt from AAA to AA+ is not that big of a deal (1:00). AI rally, rate hikes and what other shoes might drop (3:00). Extending bond duration, taking on more credit risk at this point in the cycle (5:30). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.Transcripts on Seeking Alpha

Catalyst watch for the week of August 13. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when retail sales and housing starts and permits numbers are released. (00:26) Julie gives a brief earnings preview of Walmart (WMT), Target (TGT), and Applied Materials (AMAT). (01:43) Kim shares insight on what investors may not have expected from Disney, the rationale behind the Disney+ price increases and the rumor that is not going away? (02:24)Transcripts available on Seeking AlphaShow links:Catalyst Watch: Eyes On Walmart, Cisco, FOMC minutes and 13F filingsFood prices outpace overall inflation again - will these stocks benefit?Target is downgraded at Raymond James ahead of earningsApplied Materials: Still Firing On All CylindersWalmart: The Bottom Could Fall Out If Inflation Levels Continue To FallThe Walt Disney Company (DIS) Q3 2023 Earnings Call TranscriptWalt Disney rises as Wall Street sees Q3 results, guidance as 'turning pointDisney's quarterly revenues, streaming subscribers fall

Producer prices rose more than expected in July and the decline looks stalled. (0:15) President Biden calls China a ‘ticking time bomb.’ (2:43) Treasury bonds are on pace for record inflows of cash. (4:29)Seeking Alpha transcripts.Show NotesDividend Roundup: Microsoft, Exxon Mobil, Kohl’s, FOX, and moreJPMorgan flags 4300 and 4200 as key technical levels for the S&P 500Treasuries on pace or record year of demand, cash already thereBiden calls China a 'ticking time bomb' amid deflationary spiral, economic woesProducer prices rise slightly more than expected in JulyTech can still outperform the S&P; BMO screens for good betsMicrosoft's role in data breach to be part of US cyber probe - reportMedical Properties Trust slashed to Underperform at Raymond JamesArcher Aviation soars after landing new investment, working out collaboration deal with BoeingTaiwan Semiconductor's July net revenue jumps ~13% over June but falls short Y/Y

GM, Ford (F), Stellantis (STLA) slide as union president tosses proposals in the dustbin. (00:26) Supreme Court to hear arguments on Purdue Pharma $6B bankruptcy settlement. (2:04) Hawaiian Electric (HE) falls 12% in two days after deadliest U.S. wildfire in five years. (03:19)Transcripts available on Seeking AlphaShow links:Biggest stock movers today: Archer Aviation, Maxeon Solar Technologies and moreMeta said to build only roughly 1,000 units of new AR glassesDOJ requests more info on Amedisys, UnitedHealth mergerAluminum prices seen rebounding with low global inventories, Century CEO saysCatalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Victor Dergunov runs The Financial Prophet and joins Kim Khan to discuss their first reactions to today's CPI numbers - we hit the 'goldilocks' zone (1:00). Will the Fed be encouraged, are they done hiking rates? (3:15) Inflation and labor market, 2 crucial things to watch for a soft landing (5:00) looking for a better market into year end (7:00) and Disney's 'pretty good' earnings (11:20).Transcripts on Seeking AlphaShow NotesInflation rises slightly less than expected Y/Y in July, but shelter prices stay strongFinally, Disney Is Dirt CheapWhy The Correction Could Get Worse

July's CPI expected to highlight the challenge in lowering inflation to 2%. (00:26) Disney's (DIS) quarterly revenues, streaming subscribers fall short of forecasts. (01:45) Alibaba (BABA) revenue expected to grow nearly 2% in Q1. (03:13)Transcripts available on Seeking AlphaShow links:Biggest stock movers today: Plug Power, AppLovin and moreKenvue set to join S&P 500Coach owner Tapestry in talks to buy Capri Holdings - WSJAmyris files for Chapter 11 bankruptcyDisney earnings call: More streaming price hikes amid pivot toward profitsCatalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Universal Music and Google in talks for artists to get paid for AI deepfakes. (0:15) WeWork could run out of cash by early 2024. (3:16) Is the stock market just delaying a recession? (4:21)Read a transcript of this episode on Seeking Alpha.Show NotesGoogle, Universal Music working on licensing deal for AI deepfake songsA 'Going Concern' Filing For WeWorkRoblox dives 19% as engagement, user growth disappointsWhite House plans to restrict some U.S. investments in ChinaWendy's slips after U.S. comparable sales in Q2 trail estimatesCanaccord Genuity says a recession is inevitable, it just may be further out'Pure defensive' may be the stock trade of the rest of '23 - J.P. Morgan's KolanovicWall Street Breakfast on Twitter

Sports betting shakeup: ESPN (DIS) bets big with PENN in deal aimed at clipping DraftKings' and FanDuel's dominance. (00:28) Amazon (AMZN) is latest heavyweight in talks to anchor Arm IPO - report. (01:49) China's CPI falls for first time in over two years; PPI drops more than expected. (02:40) Transcripts available on Seeking AlphaShow links:Biggest stock movers today: PENN Entertainment, WeWork and moreRivian Automotive boosts full-year deliveries guidanceHoliday sales grab: Amazon plans to hold a major shopping event in OctoberPlug Power Q2 earnings on deck, what to expectESPN moves into sports betting, teaming with PENN on ESPN BetCatalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Moody’s cuts ratings on small- and midsize banks and puts six big lenders on watch. (0:15) Weight loss pill cuts heart disease risk by 20%. (3:28) Which stocks are loved by hedge funds and which are shunned? (4:14) Read a transcript of this episode at Seeking Alpha.Show NotesStocks most loved and shunned by hedge fundsThree stocks make the cut for Credit Suisse's 'Top of the Crop' listMoody's downgrades U.S. banks on funding risk, office exposure; 6 big lenders on watchNovo Nordisk weight loss drug cuts heart disease risk by 20%UPS in charts: Revenue slips in all three segmentsUPS tumbles after guidance is cut with a new Teamsters contract in the mixBeyond Meat disappoints saying it will miss cash flow targets; shares fallAMC Entertainment rallies after Q2 earnings shine, guiding for record revenue tally in JulyDatadog tumbles ~20% after slashing FY23 revenue outlookWall Street Breakfast on Twitter

U.S. shelter inflation, the biggest component of CPI, may turn negative in 2024 - SF Fed. (00:27) Dish Network (DISH), EchoStar (SATS) nearing deal to merge - report. (01:25) Tilray (TLRY) to buy eight beer brands from Anheuser-Busch (BUD) in bid to boost beverage portfolio. (02:04)Transcripts available on Seeking AlphaShow links:Three stocks make the cut for Credit Suisse's 'Top of the Crop' listPalantir rises as Q2 results meet estimates, raises full-year sales forecastLucid Group rises; on track to produce more than 10,000 vehicles this yearElectric bus maker Proterra tanks on bankruptcy filing, cancels earnings callAmazon said poised to meet with FTC next weekBeyond Meat beyond disappoints saying it will miss cash flow targets; shares fallBiggest stock movers today: Tilray Brands, Beyond Meat and moreCatalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

HSBC plans to move its global HQ to a smaller space as office real estate continues to struggle. (0:15) Nearly half of Americans would try weight loss pills. (2:52) Morgan Stanley shakes up its dividend stock poftfolio. (4:20)Read a transcript of this episode at Seeking Alpha.Show NotesSee the full Morgan Stanley Dividend Equity PortfolioJefferies: ‘We think that a recession is almost inevitable’Tyson Foods misses estimates, forecasts weak margins for beef, chickenSage plummets 46% after FDA declines zuranolone in major depressionCampbell Soup to buy Sovos Brands in $2.7B all-cash dealPratt & Whitney engine recall said to affect airline schedules: WSJWall Street Breakfast on Twitter

Berkshire Hathaway (BRK.A) Q2 operating earnings drive up on strong insurance results. (00:27) Debt-laden Yellow Corp (YELL) files for bankruptcy after prolonged labor row. (01:41) Pollo Tropical (FRGI) restaurant chain to be sold in $225M deal - WSJ. (02:58)Transcripts available on Seeking AlphaShow links:Pfizer alerts hospitals to drug shortages caused by damage to NC plantIcahn Enterprises drops in after hours amid disclosure of SEC inquiryEarnings week ahead: Disney, Palantir, Plug Power, Roblox, Rivian and moreStocks most loved and shunned by hedge fundsBiggest stock movers today: Nikola and Yellow CorporationBerkshire Hathaway Stock: Q2 Earnings Results Blew Away The BearsCatalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con