Wall Street Breakfast

AAA forecasts more people flying this holiday season than every before. (0:15) Department store stocks rally. (1:53) Occidental to acquire CrownRock. (3:08)Show Notes7 Consumer staples names that are looking attractiveEpisode 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.

Macy's (M) gets $5.8B offer to be taken private - WSJ. (00:22) Cigna (CI), Humana (HUM) scrap merger talks; Cigna planning major stock buyback (update). (01:40) DoorDash (DASH) gets the call-up to the Nasdaq 100 Index. (02:52)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Cigna, Macy's and moreEarnings week ahead: Oracle, Costco, Adobe, FuelCell, Lennar and moreGenerative AI could upend every sector. Oppenheimer has 10 predictions for how it plays outNvidia CEO eyes chip production base in VietnamSign 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.

The unemployment rate surprises, falling to 3.7%. (0:15) Is GameStop trying to morph into Berkshire Hathaway? (2:59) Paramount surges on sale chatter. (4:51)Show NotesDividend Roundup: Walmart, Dell Technologies, Mastercard, AIG, and more'Panic' on disinflation and a Catch-22 for risk in '24 - J.P. Morgan's Kolanovic]Honeywell to buy Carrier's security business in $5B dealEpisode 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.

Lululemon (LULU) falls after guidance for holiday quarter comes in light. (00:24) Yellow (YELLQ) declines offer that could have saved bankrupt trucking company - report. (01:37) Amazon (AMZN) tests new unlimited grocery delivery service for Prime members. (02:25)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Lululemon Athletica, Avid Bioservices and moreCanada to impose oil and gas emissions cap, in goal to reach net zero by 2050Stellantis to cut jobs at two U.S. Jeep plants amid emissions regulations and sales declinesElon Musk's xAI starts to roll out Grok generative AI chatbot to some X usersSign 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.

J.P. Morgan predicts a worse outlook for income investors in 2024. (0:15) Fisker Automotive CEO fights for the stock. (2:50) Trump tapping Jamie Dimon for Treasury Secretary? (4:02)Show NotesTop stocks with highest hedge fund + mutual fund positions, according to GSRockstar's Grand Theft Auto 6 likely delayed, BofA says; Take-Two fallsEpisode 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.

McDonald's (MCD) opens first restaurant of nostalgic spinoff chain CosMc's. (00:26) AMD takes wraps off Nvidia (NVDA) competitor, updates AI forecast. (01:43) GameStop (GME) posts breakeven quarter with Ryan Cohen at the helm. (03:24)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: GameStop, C3.AI, Chewy and moreFormula One tapped as 2024 best idea at CowenTroika Media files for chapter 11 and sale to Blue TorchMeta rolls out default end-to-end encryption on MessengerSign 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.

G7 oil price cap mostly a failure after one year, report says. (00:28) 23andMe (ME) facing mounting litigation over hacking incident. (01:49) SEC extends deadline to decide on Grayscale's (ETHE) spot ether ETF application. (03:03)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: MongoDB, SentinelOne and moreFive9 falls after hours on disclosure that it's not pursuing any transactionElon Musk's xAI startup files to raise up to $1B in equity offeringApple climbs back above $3T amid smartphone optimismSign 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.

The release date of 2025 for the game puts some pressure on Take-Two shares. (0:15) Job openings slump below 9 million. (2:00) Morgan Stanley spies big smartphone recovery. (4:24)Show NotesU.S. strong buy ideas for the next 12 monthsStarbucks falls again as concerns rise that holiday quarter may be weakEpisode 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.

Listen below or on the go on Apple Podcasts and SpotifyMeta (META), IBM launch open source AI Alliance with over 50 members. (00:22) AT&T (T) picks Ericsson (ERIC) over Nokia (NOK) for $14B Open RAN contract. (01:10) Five9 (FIVN) gains on report it's exploring a potential sale. (02:27)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: GitLab, Ericsson, Nokia and moreU.S. strong buy ideas for the next 12 months – according to CitiFluor wins $3B of contracts for Dow's planned net-zero facility in CanadaGoodyear Tire & Rubber is called an auto sector standout by HSBCSign 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

The march to $50,000 continues. (0:15) Uber will join the S&P 500. (1:58) Spotify announces another round of layoffs. (2:17)Show NotesTop 10 trades for 2024 - BofANuke names jump as 22 countries commit to triple nuclear energy capacity by 2050Episode 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.

Alaska Air (ALK) to buy Hawaiian Airlines (HA) in $1.9B deal. (00:23) Boeing (BA) eliminated from Air Force 'doomsday plane' competition. (01:08) China Evergrande (EGRNQ) winding-up hearing pushed to January. (02:08)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Spotify, Uber Technologies, crypto-related stocks and moreNew highs: Gold sets another record, bitcoin crosses $41K as rate cut bets growSpotify to lay off 17% of employees to curb costsPiper sees GLP-1s increasing demand for knee/hip surgeries near-termWeight loss drugs seen providing a boost to apparel stocks - StifelSign 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.

Catalyst watch for the week of December 3. Seeking Alpha Senior Executive Editor Kim Khan on the upcoming jobs report and how the numbers play into Fed rate cuts. (00:21) Julie Morgan shares the latest analysis on two companies set to report earnings, Broadcom (AVGO) and Lululemon (LULU). (01:52) Finally, Kim gives analysis on a potential Cigna, Humana deal. (03:05) He also shares insight on the M&A landscape for 2024. (05:06)Episode transcripts seekingalpha.com/wsb.Show links:Catalyst Watch: McDonald's event, Lululemon earnings and GameStop volatility reduxBroadcom Leveraging AI To Further Soften Its Cyclical Semiconductor ResetLululemon: Set To Outperform Yet Again In 2024TD Cowen says Cigna, Humana merger would face lengthy regulatory delay

Apple+ and Paramount+ could offer a bundled service to fight churn. (0:15) Fed Chairman Powell calls rate-cut talk 'premature.' (1:11) Wall Street reacts to the Cybertruck. (3:21)Show NotesThese small-cap stocks could do favorably in an economic downturn - BofAJ&J gets upgrade from UBS with 'high conviction' in outlookEpisode 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.

Crude oil slips as OPEC's voluntary production cuts underwhelm (3:22) Tesla delivers first Cybertrucks as it looks to shake up electric truck segment (4:47) Disney declares dividend after 3 year hiatus (6:52).Show Notes:Tesla delivers first Cybertrucks as it looks to shake up the electric truck segmentDisney declares a dividend of 30 cents after a more than three-year hiatusMontana's state-wide ban on TikTok blocked by federal judgeEpisode 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.

OPEC+ members agree to cut an additional 1 million barrels per day. (0:15) The Fed's favorite inflation gauge hits lowest level in 2 years. (1:26) Here are the most and least reliable autos. (3:57)Show NotesWall Street looking for below-average stock gains in 2024Salesforce jumps as investors, analysts lay on the loveEpisode 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.

Cigna (CI), Humana (HUM) in talks to combine in stock-and-cash deal - WSJ (update). (00:24) The UAW goes electric with unionization efforts aimed at Tesla (TSLA), Rivian (RIVN) and Lucid (LCID). (01:35) Crude oil climbs as OPEC+ weighs new output cuts, with meeting set to start. (02:17)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Snowflake, Salesforce and moreDOJ trial to block Spirit/JetBlue set to close on Tuesday as remaining days canceledOccidental Petroleum in talks to acquire Permian producer CrownRock - WSJPhillips 66 gains after activist Elliott takes $1 billion stake, seeks board seatsSign 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.

Iconic investor and Warren Buffett's right-hand man passes away. (0:15) GDP growth is revised up to 5.2% with inflation revised lower. (1:25) GM boosts dividend, announces buyback. (2:49)Show NotesHedge funds could get squeezed on stocks into year endBill Ackman sees Fed rate cuts as soon as first quarter of 2024Episode 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.

Disney townhall (DIS): Bob Iger downplays asset sale comments, says it's time for building. (00:25) Adelson family (LVS) to buy majority stake in Dallas Mavericks from Mark Cuban - reports. (01:30) Farfetch (FTCH) jumps amid report founder may make offer for luxury fashion site. (02:18)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Workday, Las Vegas Sands and moreCharlie Munger, Warren Buffett's associate, dies at 99: Berkshire HathawayApple ending credit card partnership with Goldman Sachs - WSJTesla's Cybertruck is finally here - will the launch create a halo effect?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.

Tirzepatide 3x more likely to result in 15% weight loss vs. semaglutide. (0:15) Consumer expectations pick up sharply in November. (1:38) Amazon takes delivery title from UPS, FedEx. (3:50)Show NotesHedge funds ease up on Magnificent 7 bingeAdobe, Figma deal likely to result in 'substantial lessening of competition'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.

U.S. court ruling rejects massive class action over 'forever chemicals'. (00:27) Fast-fashion firm Shein files for U.S. initial public offering - WSJ. (01:25) Saudi Arabia wants OPEC+ members to cut oil production quotas - Bloomberg. (02:29)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Carlyle Group, Zscaler and moreThese are the most under-owned large-cap tech stocks - MSBroadcom said to let go of 'many' VMware employees after deal closed: reportAlbemarle, other lithium names extend losses on weak pricing as EV demand coolsSign 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.