Wall Street Breakfast

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

Disinflation could become a headwind - Morgan Stanley. (00:30) Adobe (ADBE) reportedly won't offer remedies to address EU concerns over Figma deal. (01:26) Kellogg (K) files SEC statement for splitting up as Kellanova and WK Kellogg Co. (02:28)Transcripts available on Seeking AlphaShow links:Biden administration proposes new rules for residential water heatersGasoline futures hit highest since October after Exxon refinery outageAlphabet Q2 earnings look-ahead: All eyes on new AI developmentApollo Global plans to make equity investment in PetSmartWest Virginia AG files brief asking Supreme Court to OK Mountain Valley PipelineCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

Vietnamese EV maker VinFast is ready to begin North Carolina plant. J&J launches Kenvue exchange offer. Are stock valuations justified amid rising rates?Read a transcript of this episode at Seeking Alpha.Show LinksStock valuations are justified, even in the face of rising rates - GoldmanTesla slips after UBS downshifts to a Neutral rating on the EV stockMicrosoft to get 'golden 1-2 punch' from cloud, AI, Wedbush saysLabor strike wildcard hangs over airline, automobile and package delivery sectors

AMC doubles after hours, APEs slide as settlement is rejected. (00:28) 'Barbie' (WBD) and 'Oppenheimer' (CMCSA) give jolt to summer box office. (01:16) U.S. Senate OKs legislation banning Strategic Petroleum Reserve sales to China. (02:06) Transcripts available on Seeking AlphaShow links:GM, Ford revving up for solid results: Earnings previewRestaurant earnings are coming - watch these stocksSocial media monetization? Elon Musk rebrands Twitter to 'X'Biden administration moves to raise cost to drill on federal landsAMC doubles after hours, APEs slide as settlement is rejectedCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

Victor Dergunov runs The Financial Prophet. (0:35) 25 basis point increase likely coming from Fed and already priced into the market(4:20) Cooling inflation and how macro picture is affecting earnings(11:00) Avoiding a textbook recession; looking for troubling signs(18:20) Favorite AI plays - the heavy liftersThis is an abridged conversation from Seeking Alpha's Investing Experts podcast.Transcripts on Seeking AlphaSubscribe to The Financial ProphetSeeking 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 Twitter

Catalyst watch for the week of July 23. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when the Federal Open Market Committee meets. (00:21) Kim gives a brief earnings preview of Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META) and Alphabet (GOOG) (GOOGL). (01:23) Why did Netflix (NFLX) slip following its earnings report? (02:59)Transcripts available on Seeking AlphaShow links:Catalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and BarbenheimerEarnings week ahead: Microsoft, Google, Meta, Boeing, Coca-Cola and morePost Q2 2023 Earnings, Netflix Still Looks Terribly OvervaluedInside Netflix: New plans, new factors for subscriber growthRetail buzz: Amazon sets Prime Day sales recordsAmazon: AWS Is Rolling OverMicrosoft: Still The Cornerstone Of A Great PortfolioGoogle: This FAANG Laggard Has Q2 Surprise PotentialMeta Q2 2023 Earnings Preview: Will The Turnaround Continue?

Hackers already deep into AI as Big Tech pledges cooperation with DC. Stock bulls face trouble without a soft landing. What big names go ex-dividend next week?Read a full transcript of this episode at Seeking Alpha.Show LinksDividend Roundup: Bank of America, Ford, Pfizer, Kinder Morgan, and moreSLB slips after Q2 earnings top estimates but revenue missesSirius XM Holdings slumps as analysts downgrade after 'massive' runXPeng is on watch after JPMorgan warns shares will go in reverseFTC official withdraws internal suit over Microsoft, Activision merger

AI race in full swing as Google (GOOG) (GOOGL) goes into overdrive to power Gemini. (00:31) Trump SPAC Digital World (DWAC) jumps amid settlement with SEC. (01:57) Biden said to form team to avert future debt-limit standoffs. (03:02)Transcripts available on Seeking AlphaShow links:Codexis streamlining operations, reducing headcountSAP slumps after unveiling Q2 results, tweaking 2023 outlookTesla skids 10% after earnings disappoint; other EV stocks go in reverseSirius XM, heavily shorted, jumps 27% and triggers halts (updated)Wall Street Breakfast newsletterCatalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

Stocks may only be slightly better than bonds over the next decade. Exxon (XOM) plans on building a huge lithium facility in Arkansas. Barclays sees Nvidia (NVDA) earning $20 per share or more.Read a full transcript of this episode at Seeking Alpha.Show LinksStocks set for 4% annual return over next decade, just edging bonds - BernsteinAMD added to Wolfe Alpha List as firm expects earnings to rebound 'sharply'Johnson & Johnson posts Q2 beat as Pharma, MedTech outperformAbbott Q2 results top consensus as base business offsets COVID impactBlackstone Q2 distributable earnings, beating consensus, fall as expenses riseUnited Airlines rises after upping its forecasts; Q2 earnings beat estimatesAmerican Airlines's record Q2 follows peers in strong quarterly reportsMicrosoft said to be hit with second antitrust complaint over TeamsInitial jobless claims drop againExisting home sales retreat more than expected in JunePhilly Fed manufacturing rises less then expected in July