Wall Street Breakfast

Michael Gayed sees a melt-up and potentially a crash, all in the same year (0:20). Credit event coming (2:10) long duration treasuries as a hedge (4:20) classifying a bull and bear market (6:30) why he likes utilities sector (11:50) developed and emerging markets; value vs. growth (13:20). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.Subscribe to Michael Gayed's The Lead-Lag ReportTranscripts on Seeking AlphaShow Notes:QQQX: Time To Rotate If Bullish TechGHY: Global, But Wait For ItSDIV: Only If International OutperformsQQQ: It's Time For The Nasdaq To Punish Recency BiasUSA: Value Tilt Could Cause OutperformanceUnpopular Opinion: The Bear Market Is Not OverDGRO: A Great Fund, But Won't Be Spared In A Credit Event

Catalyst watch for the week of August 6. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when CPI and PPI are released. (00:25) Julie gives a brief earnings preview of Alibaba (BABA), Disney (DIS), Palantir (PLTR) and UPS. (02:26) What do the experts say about how investors should view the Fitch U.S. ratings downgrade? (03:56)Transcripts available on Seeking AlphaShow links:Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def ConPalantir: Time For A Breakout Q2Palantir: Be Fearful When Others Are Greedy (Rating Downgrade)Disney: Arrival Of Mayer And Staggs Shouldn't Be OverplayedWalt Disney: A Little Magic Heading Our WayUPS' labor deal with the Teamsters goes to a vote with rank-and-file employeesUPS: Still Not Appealing EnoughAlibaba: Easier Comps Can Deliver Earnings SurpriseTime To Build A Position In Alibaba (Technical Analysis)JPMorgan CEO Jamie Dimon says Fitch U.S. ratings downgrade is `ridiculous'Investors question timing on Fitch downgrade,

Nonfarm payrolls come in light with down revisions but the jobless rate falls to 3.5%. (0:12) Fortinet (FTNT) stock hammered. (3:03) Why it may be too soon to throw in the recession towel. (4:00)Read a transcxript of this esisode at Seeking Alpha.Show Notes:U.S. jobs growth in July comes in lower than expected, unemployment falls furtherAs we watch payrolls, is the Fed watching hours worked?Dividend Roundup: IBM, Walmart, BP, Kimberly-Clark, and moreRoth MKM still sees recession as likely -- maybe before the end of 2023Fortinet plummets as analysts express concerns after full-year guidance cutTupperware stock surges 51% before the bell on debt restructuring dealWall Street Breakfast on Twitter

Labor market strength seen persisting in July with some signs of weakness (0:20), Apple slips and Amazon jumps after earnings (4:00) utilities tumble while natural gas rises (8:00).Transcripts on Seeking AlphaShow Notes:Labor market strength seen persisting in July with some signs of weaknessApple slips even as Q3 results top estimates, aided by Services strengthApple Inc. (AAPL) Q3 2023 Earnings Call TranscriptAmazon jumps after the close as revenue, operating income beatAmazon.com, Inc. (AMZN) Q2 2023 Earnings Call TranscriptApple, Samsung pause laptop imports in India after sudden restrictions - reportUtilities tumble as 10-year yield hits another nine-month highNasdaq, S&P, Dow futures rebound ahead of July jobs reportNatural gas jumps as small storage injection trims inventory surplusWall Street Breakfast on Twitter

Bill Ackman hedges with a 30-year Treasury short as yields could hit 5.5%. Tesla China deliveries drop to 2023 low. New names in the BofA Alpha Surprise Portfolio.Read a transcript of this episode at Seeking Alpha.Show LinksLabor productivity turns in strong gain in Q2, labor costs rise less than expectedDXC Technology slumps 25% after Q1 results bring rating cuts at Wall StreetConocoPhillips slips after Q2 miss, raises full-year production guidanceQualcomm stumbles as analysts question guidance, 'structural uncertainties'Anheuser-Busch InBev rallies after recording 7% revenue growth in Q2

Apple (AAPL) Q3 preview: iPhone, India and AI all in focus. (00:34) Amazon (AMZN) analysts upbeat on upcoming results: Earnings preview. (01:28) JPMorgan CEO Jamie Dimon says Fitch U.S. ratings downgrade is `ridiculous'. (02:25)Transcripts available on Seeking AlphaShow links:Biggest stock movers today: Upwork, PayPal, Qualcomm and moreAmerican Well down 6% on earnings, 2023 revenue outlook cutPayPal stock slides after in-line Q2 earnings, active accounts number slipsShopify's sales beat; shares fluctuate postmarketAirbnb earnings preview: Reporting amid a busy season, and after a tough warningCostco July net sales jump nearly 5%, comparable sales rise 2.5%Salesforce said to lay off more employees after January's purgeCatalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

U.S. scraps offer to buy 6 million barrels of crude for the SPR (0:15). ADP jobs report exceeds expectations in July. (1:57) Arm eyes $60 billion IPO next month. (3:52)Read a transcript of this episode at Seeking Alpha.Show LinksMorgan Stanley bear Wilson sees a 2019-like rally this yearU.S. Treasury boosts quarterly refunding sales for first time in over two yearsJPMorgan sees no soft landing as equity multiples are too highBofA revises its U.S. outlook to favor a soft landingYum Brands gains after KFC does the heavy lifting in Q2Pinterest slips even as Rosenblatt upgrades after strong Q2 resultsKraft Heinz sees consumers push back on pricing in Q2CVS Health in restructuring mode amid hit to Q2 bottom-line

United States loses top rating at Fitch; long-term IDR cut to AA+. (00:25) Why did Teladoc (TDOC) stock fall today? Amazon Clinic (AMZN) goes nationwide. (01:21) Manchester United (MANU) falls on report takeover process is paused. (02:06)Transcripts available on Seeking AlphaShow links:Biggest stock movers today: XPeng, Match Group and moreStarbucks talks China upside and customization trends on earnings callPinterest beats expectations for revenues, user growth in Q2Caesars Entertainment slides post-market after reporting Q2 resultsPaycom stock slips after Q2 earnings beat, but Q3 guidance disappointsAMD earnings call: Execution on track, AI engagements surgingPayPal to report Q2 earningsCatalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

BP misses Q2 top and bottom line estimates; initiates Q3 outlook. (00:25) Federal judge said to reject Ripple (XRP-USD) ruling on cryptocurrency. (01:34) CVS Health (CVS) to shed 5,000 jobs in cost-cutting effort - report. (02:24)Transcripts available on Seeking AlphaShow links:Dell boosts generative AI offerings, expands Nvidia partnershipJ&J falls after bankruptcy plan rejected for second timeMeta plans launch of AI bots with different personas in attempt to retain users - reportU.K. regulator seeks public input on Microsoft-Activision deal after new argumentsPinterest earnings look-ahead: Watching ad spendingUber Technologies earnings preview: Mobility tailwinds are expected to boost growth metricsCatalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

Societe Generale says margins are where surprises are this earnings season. Ford (F) recalls over 870,000 new F-150 pickup trucks. BMO suggests "barbell strategy" for investors.Read a transcript of this episode at Seeking Alpha.Show LinksPlay offense and defense with these barbell stock strategies - BMOSEC asked Coinbase to delist all cryptos except bitcoin before lawsuit - reportSoFi Q2 revenue beats consensus as loan originations climb; boosts guidancePegasystems added to Wedbush's Best Ideas list after reporting Q2 resultsNew Relic jumps after agreeing to be sold to Francisco Partners, TPG for $6.5BArbor Realty gets double-downgrade at Piper to Underweight

Walmart (WMT) pays $1.4B to increase its stake in India's Flipkart - report. (00:26) Yellow Corp. (YELL) reportedly shuts down operations. (01:15) U.S. proposes to boost fuel economy standards for new vehicles to 58 mpg by 2032. (01:44)Transcripts available on Seeking AlphaShow links:Disaster-prone areas are becoming a haven for those seeking cheaper homes - RedfinCredit card delinquencies tick up, net charge-offs fall in JuneRSV treatment market to surge past $9B by 2029Biggest stock movers today: SoFi Technologies and Apellis PharmaceuticalsCatalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

Matthew Tuttle and Rob Isbitts discuss the SPY rally and DIA vs QQQ (1:00), why investors should trade based on what they see, not what they think (3:30) and why tech giants' earnings are important to watch (12:15). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.Transcripts on Seeking AlphaShow Notes:S&P, Nasdaq, Dow's Problematic Construction; T-Bill Rates And Yield Curve CreepBusting Today's Market Myths With Matthew Tuttle And Rob IsbittsQQQ: FAANG Dominance Is Hurting Equal-Weighted ETFs Like QQQEWall Street Breakfast Catalyst Watch: Jobs Report, AAPL, MRK, SBUX PreviewWall Street Breakfast Twitter

Catalyst watch for the week of July 30. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when the nonfarm payroll report is released. (00:31) Julie gives a brief earnings preview of Apple (AAPL), Merck (MRK), and Starbucks (SBUX). (02:27) What impact does a labor strike have on the economy and how did Jerome Powell address this in his press conference? (04:13)Transcripts available on Seeking AlphaShow links:Catalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?Earnings week ahead: Amazon, Apple, Pfizer, Starbucks, Uber and moreStarbucks: Why I Think The CEO May Be A Bigger Deal Than You ThinkUPS signs tentative five-year deal with Teamsters to avoid a costly strikeNew iPhone 15 likely to have wide camera 48MP sensor, top analyst saysApple continues to gain ground in Chinese smartphone marketApple: Playing Catch UpMerck succeeds in Phase 3 trial for Keytruda in cervical cancerYellow Corp may file for bankruptcy this week as customers cut and run - reportU.S. Q2 GDP surges

The Fed’s favorite inflation gauge adds to the cooling inflation evidence (0:15). Biogen (BIIB) buys a rare disease drugmaker (3:25). It has never been cheaper to hedge against S&P losses (4:55).Read a transcript of this episode at Seeking Alpha.Show LinksEmployment cost index eases slightly more than expected in Q2Dividend Roundup: Wells Fargo, Visa, IBM, Hasbro, and moreExxon slips after Q2 miss; results helped by higher Permian, Guyana productionPalantir Technologies rises as Wedbush says it's on 'golden track to success'Meta said to plan features to boost retention at Threads as more than half users quitProcter & Gamble gains after organic sales, margins shine in FQ4Chevron confirms Q2 results, expects annual production at low end of guidance

Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. (00:27) U.S. crude oil (CL1:COM) benchmark closes above $80 for the first time since April. (01:41) First Solar (FSLR) to invest $1.1B in new U.S. factory; posts strong Q2 earnings beat. (02:33)Transcripts available on Seeking AlphaShow links:3D Systems targets Aug. 4 for completion of talks with Stratasys; calls offer 'best and final'TC Energy to split in two with spinoff of liquids pipeline businessT-Mobile dips after revenue miss, but a beat-and-raise on customer growthDigital Realty, TPG form joint venture for three Virginia data centersOatly crumbles after earnings miss, disappointing guidanceFord rallies after hiking guidance, setting lofty EV targetsCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

Strong Q2 GDP further undermines the recession narrative. Everybody wants to go on a cruise. Which quant strategies have been the big winners so far?Read a transcript of this episode at Seeking Alpha.Show LinksQuant stock screens: BofA ranks its best and worst so farComcast pops as Q2 earnings powered by Mario, Peacock amid broadband weaknessMcDonald's shows off global firepower by topping comparable sales estimates in all regionsShell's Q2 earnings slashed by more than half but launches $3B buybackBlackRock spotlights healthcare as an opportunity with recession talks in the airDurable goods orders rise more than expected in June

Justice Dept., EPA reportedly investigate telecom companies over lead cables. (00:30) Meta earnings call: Reels ramps toward $10B/year, Threads models 'lean' success. (01:32) Yellow Corp (YELL) may file for bankruptcy this week as customers cut and run - report. (03:19)Transcripts available on Seeking AlphaShow links:3M’s ‘forever chemicals’ settlement faces objections from 19 statesTesla is being investigated by California on autopilot safety issuesWeight loss drugs excluded from WHO’s 'essential' medicines listAWS reportedly has 'thousands' of customers trying out new AI serviceCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

Seeking Alpha analysts look down the road for the Fed and markets. Amazon could face breakup FTC suit by next week. The case for not running with the bulls.Read a transcript of this episode at Seeking Alpha.Show LinksBulls Are Partying Like It's 1999: Powell Tightens The NooseThe Fed May Not Be One And Done, But Has Even More Hikes To ComeThe Fed Should Continue Hiking Past 6%AT&T rises as cash flow, Q2 profits exceed expectationsCoca-Cola rallies after smashing organic revenue expectations, hiking guidanceBoeing’s stock rises as plane maker reports narrower lossThermo Fisher cites macro concerns after Q2 miss

One more Federal Reserve rate hike expected but hawks, doves differ on what's next. (00:33) PacWest (PACW) to merge with Banc of California (BANC) in all-stock deal. (01:18) UPS signs tentative five-year deal with Teamsters to avoid a costly strike. (02:29)Transcripts available on Seeking AlphaShow links:Alphabet earnings call: Full speed on AI, with refocused teamsMicrosoft slips even as Q4 results surpass estimatesStellantis reports 1H results; reaffirms FY23 guidanceMeta Earnings look-ahead: Ad business and AI to be the catalyst for the quarterSnap slides amid glum third-quarter forecastDish Network jumps, reportedly will sell Boost mobile service on AmazonCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

Is there an AI bubble building in stocks or a cash generating machine? Verizon (VZ) maintains full-year forecast. Amazon (AMZN) and iRobot (IRBT) adjust terms of big merger.Read a full transcript at Seeking Alpha.Show LinksLook at free cash flow when evaluating AI companies - CitiDisney falls as Atlantic Equities downgrades on TV, Disney+ worriesConsumer confidence climbs in July to highest level in two yearsMeta ticks higher after New Street Research upgrades on AI effortsRTX declines after disclosing Pratt & Whitney engine defect3M reports Q2 loss with ‘forever chemicals’ settlementGeneral Motors gains after boosting guidance, hitting EV targetGeneral Electric rises after Q2 revenue, earnings beat estimates