Wall Street Breakfast

Netflix (NFLX) earnings call: Paid sharing key to ramping revenues in 2023. (00:28) Tesla (TSLA) investors size up margin crunch, deliveries update, FSD licensing. (01:43) Catalent (CTLT) gains after report of activist Elliott taking stake. (02:59)Transcripts available on Seeking AlphaShow links:IBM rises as Q2 revenue misses estimates, reaffirms full-year guidanceUPS, Teamsters will return to negotiating table next week as threat of strike loomsKKR expects a mild recession in 2024American Airlines expected to follow peers with strong Q2 printTaiwan Semiconductor GAAP EPADR of $1.14 beats by $0.06, revenue of $15.68B beats by $300MNetflix dips as revenues miss, profits and subscribers beat forecastsCatalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

Goldman Sachs misses on bottom line but stock damage limited. Hot weather could severely threaten corn supply. Retail investors are still much more bullish on stocks than pros.Get a fulll transcript of this episode at Seeking Alpha.Show LinksCharles Schwab CEO sees return of the bulls based on equity exposureAT&T pauses plan to remove lead cables from Lake Tahoe, eyes more testingCarvana pares huge gain after filing to sell 35M sharesHousing starts, permits slump more than expected in JuneMortgage applications increase slightly as inflation expected to cool, rates declineSalesforce rises as it unveils pricing for generative AI tools

Microsoft (MSFT) hits all-time high after unveiling pricing for AI tool, Copilot. (00:36) J&J (JNJ) ordered to pay $18.8M over baby powder cancer claim, jury rules. (01:53) Carvana (CVNA) drops after moving up earnings report to July 19. (02:57)Transcripts available on Seeking AlphaShow links:Gold settles at six-week high; Citigroup raises 2024 gold price forecastBloomingdales to Balmain bank on Barbie to bolster salesQualcomm, Meta announce deal to bring LLMs to phones, PCsU.S. home turnover rate in H1 falls to lowest in a decade, Redfin saysTesla earnings preview: EV sector buckles up for pricing, margin and new model developmentsCatalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

Ford (F) falls after slashing prices on electric F-150 to make them more affordable; GM also lower. (00:31) AT&T (T), Frontier (FYBR), Telephone and Data Systems (TDS) plunge as Citi cuts on lead worries. (01:40) Microsoft (MSFT), Activision (ATVI) reportedly planning later close to $69B deal. (02:39)Transcripts available on Seeking AlphaShow links:Novartis beats top and bottom line estimates; raises FY23 outlook and board endorses Sandoz spin-offLithium Americas gain as court denies appeal of Thacker Pass lithium mineChipmaker Wolfspeed says its supply chain is safe from China export controlsPetrobras sees steady spending in upcoming plan but dividend policy to be 'adjusted'BofA gives 10 stocks to watch during this earnings weekCatalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

UN to discuss AI risks in 1st formal meet on the new tech - report (00:22). Tesla (TSLA) enters the electric truck battle after first Cybertruck rolls off the production line (02:30). Intel (INTC), Qualcomm (QCOM) CEOs to meet with officials in Washington on China policy - report (01:25).Transcripts available on Seeking AlphaShow links:Salesforce is evolving. Goldman Sachs thinks there's more value yet to comeMicrosoft in pact to keep `Call of Duty' on Sony's PlayStationUnited Airlines, pilots agree on four-year deal with solid pay raisesIn digital media earnings look, it's Spotify over Netflix for KeyBancCatalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

David Trainer on why, for the near-term, it's really all about liquidity (0:55) and why the Fed is hoping to walk the primrose path (4:00). This is an abridged conversation from Seeking Alpha's Investing Experts podcast. Transcripts available on Seeking AlphaShow links:Q2 2023 Earnings: Where Street Earnings Are Too High And Who Should Miss2Q23 Earnings: Where Street Estimates Are Too Low And Who Should Beat

Catalyst watch for the week of July 16. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when the retail sales report is released. (00:24) Kim gives a brief earnings preview of IBM, Tesla (TSLA) and Netflix (NFLX). (01:33) Hot topic: Hollywood actors join writers on the picket lines (03:01). How should investors view major studios and streamers? (05:17)Transcripts available on Seeking AlphaShow links:Retail buzz: Amazon sets Prime Day sales recordsCore CPI cools more than expected in June, with smallest increase since August '21The June CPI Report Likely The Last Good News Of 2023 - Evidence Of 'Pain' EmergingTesla Q2 Earnings Preview: Margin Pain For Long-Term GainIs Tesla A Buy?Bob Iger to continue as Disney CEO until end of 2026Hollywood actors go on strike, setting up historic entertainment shutdownIBM: Still Looks Interesting Before EarningsNetflix Stock Is Expensive, But Worth The Investment

Big banks mostly top expectations but the sector sees red. China is hinting at more economic stimulus. Quant Ratings tells us which sectors look strongest into earnings.Get a fulll transcript of this episode at Seeking Alpha.Show LinksDividend Roundup: Procter & Gamble, MetLife, Caterpillar, CVS Health, and moreCiti sees '99B reasons to stay long' chip equipment stocks, new highs expectedAT&T slips as JP Morgan downgrades, citing worries over wireless, broadbandCitigroup Q2 earnings miss as market, investment banking revenue disappointAlcoa cut at J.P. Morgan on weaker aluminum fundamentalsWells Fargo Q2 earnings beat helped by strong net interest income

Bank Q2 earnings set to kick off with the bar set low as rates stay high. (00:25) Hollywood actors go on strike, setting up historic entertainment shutdown. (01:45) Judge denies FTC request to temporarily block Activision (ATVI) sale to Microsoft (MSFT). (03:04)Transcripts available on Seeking AlphaShow links:Ahead of bank earnings, these names have seen the highest 2023 returns so farWells Fargo Q2 2023 Earnings Preview: What To Watch ForJPMorgan Earnings Preview: The P/E Has Compressed As Earnings Power BuildsRoivant reportedly could sell colitis drug to Roche for over $7BWorkers building Taiwan Semi Arizona plant reportedly hit with pay cutU.S. federal budget deficit narrows less than expected in JuneMicrosoft, Activision consider sale of UK cloud-gaming rights - reportNikola soars 62% after disclosing hydrogen truck saleCatalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

OpenAI, the maker of the popular ChatGPT chatbot, is under investigation by the U.S. government over consumer protection risks. Wholesale inflation comes in lower than expected, helping stocks again. But hedge funds are turning away from Wall Street.Get a transcript of this episode at Seeking Alpha.Show Links:Airline stocks fly high after strong results from Delta Air LinesHollywood set for first double strike in 60 years as talks between actors, studios failInitial jobless claims unexpectedly fall in past week, continuing claims riseGold, silver rally to highest since mid-June after more tame U.S. inflation dataPepsiCo rallies after strong organic sales power double earnings beatPlug Power wins order for 'largest announced project' in Europe oil and gas

Why did Palo Alto Networks (PANW) stock drop? Blame Microsoft (MSFT). (00:26) Medalist (MDRR) to suspend dividends for at least the next six months. (01:38) Elon Musk unveils xAI to 'understand reality' and 'true nature of universe.’ (02:21)Transcripts available on Seeking AlphaShow links:Bob Iger to continue as Disney CEO until end of 2026Sarcos to terminate 25% of its workforce, withdraws full-year revenue guidanceChips rise after Nvidia $50M AI investment, Broadcom deal approvalFTC appeals judge's OK for $69B Microsoft-Activision deal (updated)Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

The June CPI report has stocks rallying, yields falling and betting the Fed is one and done. Oil continues to make gains. But this chart is flashing a major sell signal.See a transcript of this show at Seeking Alpha.Show Links:This Morgan Stanley chart is flashing the biggest stock sell signal in recent memoryFood inflation is moderating - watch these stocksAirline fares fall 19% in June from a year agoActivision drops amid report that UK may need to do a new probe of Microsoft dealMicrosoft gets 'trophy moment' with Activision court win: WedbushZIM Integrated Shipping cuts full-year guidance, weighed by weak freight ratesDomino's Pizza soars after striking global delivery deal with Uber TechnologiesCathie Wood's ARK Innovation takes some profit on Coinbase stock surge

June consumer price index expected to show inflation cooling further — or will it? (00:29) EU expands probe into suicide risk linked to weight loss drugs. (02:08) FTC reportedly leaning toward quick appeal of Microsoft-Activision (MSFT) (ATVI) loss. (03:02)Transcripts available on Seeking AlphaShow links:Coty rises as Kim Kardashian said to want SKKN stake backDisney reportedly discussing strategic options for India businessShift to terminate 34% of workforce, end investment into dealer marketplace businessMatterport terminates 30% of workforce to accelerate path to profitabilityTaiwan Semi eyes 2024 construction of second Japanese chip plantTower Semiconductor gains amid report Intel CEO visiting ChinaCatalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

The Nasdaq 100 faces an extraordinary rebalancing for just the third time and Wells Fargo spies some near-term trades. BofA gets a hefty fine from the CFPB. Did SVB's collapse delay a recession?Read a transcript of the episode at Seeking Alpha.Show Links:Wells Fargo highlights Nasdaq 100 rebalance trade opportunitiesGoldman's top four themes for earnings season (yes, one is AI)Microsoft said to lay off sales, customer support staff as new fiscal year beginsToyota slides after report it will focus on hydrogen-powered vehicles in Europe, ChinaJPMorgan upgraded to Buy at Jefferies; Truist, Zions, Hancock Whitney cut to HoldWynn Resorts is tipped by JPMorgan for second-half rallyJetBlue falls after Evercore ISI downgrades due to risk a Spirit acquisition drags on results

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