Wall Street Breakfast

Rite Aid (RAD) dips amid report it's considering bankruptcy to address opioid liabilities (00:28). Berkshire Hathaway (BRK.A) (BRK.B) to buy Dominion's (D) 50% stake in Cove Point LNG in $3.3B deal (01:54). Iovance Biotherapeutics (IOVA) dips on pricing $150M offering.(02:49)Transcripts available on Seeking AlphaShow links:Rite Aid May Be Forced Into Ch.11 Bankruptcy To Resolve Opioid LiabilitiesApple launches online store on Chinese social media platform WeChat - reportMeta's Threads may bring 5% revenue upside as it grows to Twitter size: EvercoreBP reaches $10.75M settlement in U.S. gas market manipulation casePayoneer Global plans to lay off 9% of headcountFortinet, Check Point, CrowdStrike have 'favorable setups' going into Q2: MSDraftKings jumps to new 52-week high with investors confident on the profitability timelineCatalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

Carl Icahn reportedly severs personal loans from Icahn Enterprises (IEP). SVB (SIVBQ) sues the FTC to recover $1.9 billion. Automakers, union heading for a tough battle.You can read a transcript of this episode at SeekingAlpha.Show Links:Top 11 technical picks for the second half of 2023Goldman Sachs sees rays of hope in underperforming health sectorNetflix rises as Morgan Stanley boosts estimates on higher expectationsCharles Schwab riased to Outperform at JMP as cash sorting headwinds abateHelen of Troy EPS of $1.94 beats by $0.26

Alibaba (BABA), Tencent (TCEHY) in focus as China unwinds tech crackdown (00:28). New M&A rules likely to delay deals by months, add significant costs (01:46). China's consumer inflation unexpectedly flat in June, producer prices fall further (03:19). Show links:Record-breaking U.S. oil production helps thwart Saudi efforts to drive up pricesGoldman Sachs sees rays of hope in underperforming health sectorGridBeyond buys Veritone's energy businessAcumen, BridgeBio, Arcus among BTIG's top healthcare picks for 2H 2023Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

Matthew Tuttle and Rob Isbitts dissect today's stock market and its problematic index construction (1:00), T-Bill rates and yield curve creep (8:00). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.Show links:The Magnificent Seven Or The Mediocre Seven?SPY: Recent Gains Distract From Weakening Long-Term Price TrendS&P 500: Buy Summer, Sell Autumn Scenario Favors IVV, XYLGReplace Some SPY With SHY: 2-Year Treasuries Look Better Than The S&P 500Forward-Looking Due DiligenceTranscripts available on Seeking AlphaWall Street Breakfast on Twitter

Catalyst watch for the week of July 9. Seeking Alpha Managing News Editor Kim Khan on what investors can expect from CPI midweek and major bank earnings at the end of the week (01:45) . Hot topics: What key issues will be in focus for the banks? (03:09) U.S. or China, who stands to benefit as new curbs are implemented? (04:16) Show links:Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratingsRates Spark: The Burning Question Is Whether Payrolls Agree With The ADPKBWB: Bullish On Banks Before Earnings Season BeginsKBWB: Stress Test Cleared But Not Out Of The Woods YetYellen visit to China aims to defuse tensions with BeijingTime is on China's side in the chip war - here's the Jefferies tradeWhy Threads Is Great For Meta

June payrolls gain misses forecasts for the first time in months. Citi gets bearish on amusement parks. BofA picks its best stocks for growth and value.Show links:BTIG unveils top picks for rest of '23: D.R. Horton, CrowdStrike, DraftKings among namesDividend Roundup: Unilever, PNC Financial, Oracle, AbbVie, and moreApple said to tread carefully with Vision Pro, have appointment-only launchHumana cut to Neutral at J.P. Morgan on near-term uncertainty

Canada to subsidize Stellantis (STLA) battery plant with up to C$15B in incentives (00:32). Will June nonfarm payrolls cool enough for Fed's liking? (01:53) PDD Holdings (PDD) sinks even as popular Temu shopping app expands abroad (03:02).Show links:Twitter threatens to sue Meta Platforms over Threads launchMallinckrodt delays $200M settlement payment again as it mulls bankruptcyBiogen, Eisai win full FDA approval for Alzheimer's drug LeqembiSandal maker Birkenstock looking at potential U.S. IPO - reportTesla sacks some battery workers at Shanghai factory - reportCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

A raft of data shows persistent labor market tightness. Yields jump as market prices in 90% chance of a Fed hike. Microsoft (MSFT) in pole position to reach $3 trillion next.Show links:Paycom, Chipotle highlight Goldman's Rule of 10 stock screensAs China slowdown continues, here are the U.S. stocks with the most exposureJob openings fall more than expected in May JOLTS report, quits rate ticks upJob cuts drop 49% in June to 40.7K: Challenger Job Cuts ReportInitial jobless claims renew climb in past weekCopper extends drop as hawkish Fed, China woes hit sentiment

Oil bounces to two-week high as Saudi says OPEC will do 'whatever necessary.' (00:29) PHINIA (PHIN) swings higher on first day of trading (01:19). Instagram (META) launches 'Twitter killer' Threads text app (01:37).Show links:BuzzFeed seeking $150M for Complex Networks - reportVietnam in talks with Exxon on supply for planned LNG-fired power plantsPinterest, Amazon partnership is live 'earlier than expected', says RBCNY Fed's John Williams says he 110% supports June's hawkish pauseGoogle alleges India's antitrust agency protecting Amazon in Android case - reportCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

China ups the chip battle stakes with controls on essential metals exports. Netflix (NFLX) is upgraded ahead of earnings. Mobile apps see mostly strong global download data.Show links:Time is on China's side in the chip war - here's the Jefferies tradeMeta Platforms could have $925M tax bill from Italy after assessmentCoinbase cut to Neutral at Piper on valuation, 'too much uncertainty'Factory orders rise less than expected in May

Instagram (META) puts Twitter rival app Threads on App Store with launch imminent (00:29). Illumina (ILMN) faces record European Union fine over Grail deal next week - report (01:42). GTCR in advanced talks to buy Fidelity National Information Services (FIS) Worldpay stake for as much as $20B - report (02:24).Show links:Microsoft likely to face antitrust investigation from EU over Teams practicesPaycom, Chipotle highlight Goldman's Rule of 10 stock screensBest and worst performing healthcare IPOs of 2023, so farYahoo eyes comeback to public markets - reportSpotlight on Nathan's Famous stock after Hot Dog Eating ContestCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

EV makers rallied as deliveries showed better-than-expected demand. Stocks finished slightly higher ahead of holiday. Musk vs. Zuckerberg in August?Show links:Netflix, Disney, Datadog among BofA's 10 best ideas for Q3Did the S&P rally last week jinx market gains for the second half of 2023?Mattel defends Barbie trademark in legal battle with BurberryISM Manufacturing for June slips to three-year low of 46AstraZeneca reports mixed Phase 3 data for lung cancer drugConstruction spending +0.9% in MayU.S. PMI manufacturing stays at contraction level

As northeast U.S. air quality suffers from wildfires, some potential stock ideas (FIXT). (00:28) Tesla (TSLA) confirms new record deliveries, beats expectations (01:55). Twitter fixes limit on tweets users can read per day (03:21).Show links:General Motors acquires battery software startup Algolion for early battery defect detectionUBS aims to skip $10B backstop from Swiss govt for Credit Suisse deal - reportGilead, Teva acquitted in pay for delay generic HIV drugs caseApple slashes Vision Pro targets amid production woes- reportMacau casino revenue in June misses estimates and dips sequentiallyNIO reports June delivery of 10,707 vehiclesCatalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

Brad Thomas joins Kirk Spano to discuss using REITs as insulation and income generation during a potential recession (0:50), and concerns around the sun belt region, primarily Florida (6:55). This is an abridged conversation from Seeking Alpha's Investing Experts podcast. Subscribe for free trials to Kirk Spano's Margin of Safety Investing and Brad Thomas' iREIT on Alpha.Show links:UnitedHealth Is The Perfect Buffett-Style Ultra SWAN For This RecessionMy Oh My, 3 Strong Buys (The 4th Of July Weekend Edition)Wall Street Breakfast on Twitter

Catalyst watch for the week of July 2. Seeking Alpha Managing News Editor Kim Khan says investors should look out for nonfarm payroll numbers at the end of the week (00:32). Hot topics: What impact could a new AI chip curb have on companies like Nvidia (NVDA), Advanced Micro Devices (AMD) and Taiwan Semi (TSM)? (01:20) Also, what impact does a heat wave have on the economy? (03:54)Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Texas power demand surges to new all-time h

The Fed's favorite inflation measure shows easing prices. Tesla (TSLA) expected to report record deliveries. How much does a Manhattan apartment cost to rent?Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Personal spending slows in May, income rises, inflation coolsTesla could report record Q2 deliveriesApple surpasses $3TNetherlands, U.S. eye new curbs on chipmaking gear sales to ChinaNike swings lower after setting cautious guidance

FTC hearing to block Microsoft (MSFT) $69B acquisition of Activision (ATVI) concludes (00:33). Energy drinks M&A: Monster Beverage (MNST) closes in on deal for rival Bang (01:45). Biden administration develops 'safety net' for student loan payments restart (02:39). Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Foxconn to invest $246M in Vietnam to set up 2 factories - reportApple continues march towards $3T, Citi praises gross marginsFedNow to launch late July with

Amazon (AMZN) could face an FTC antitrust suit in the coming weeks. Banks pass stress tests. Morgan Stanley shakes up its global dividend portfolio.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Morgan Stanley shakes up its global dividend portfolioFTC antitrust lawsuit against Amazon expected in coming weeksAll 23 banks pass Federal Reserve's stress test on capital levelsU.S. GDP growth revised up to 2.0% in third estimateWarren Buffett's Berkshire Hathaway boosts Occi

Micron Technology (MU) pops as Q3 loss beats estimates (00:23). TuSimple (TSP) to weigh options for U.S. business (01:49). Visa (V) to buy payment and banking platform Pismo for $1B in cash (02:27).Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Morgan Stanley shakes up its global dividend portfolioAll 23 banks pass Federal Reserve's stress test on capital levelsGoogle, Salesforce-backed AI startup Typeface sees $1B valuation after $100M funding roundJudge in FTC suit to

Nvidia (NVDA) now trades at 40x price to sales vs. 2.4x for the S&P 500 (SPY). Fed chief Jerome Powell hints at rates higher for longer. Citi spies crowded short position stocks.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:How do you value a chip stock like Nvidia?Citi screens for most crowded short stocks with new modelMore policy tightening coming from ECB, Fed, BOE, central bank heads sayGeneral Mills drops after organic sales fall short of expectationsPinteres