Wall Street Breakfast

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

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