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AMD Inc. (AMD) moved higher in premarket hours after Truist issued an upgrade for the stock. The company also got a new partnership with legacy tech firm IBM Corp. (IBM). Rick Ducat turns to the key levels investors should watch. However, Tom White warns that Nvidia's (NVDA) earnings will lead to volatility ahead. He offers an example options trade navigating AMD's run higher while keep Nvidia top of mind.
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Eric Agar talks about the "slow" summer for the housing market ahead of Tuesday morning's Case-Shiller home price index report. While many investors in the space are hopeful an interest rate cut from the Fed will reinvigorate the market, Eric isn't as bullish on that prospect. He argues mortgage rates are vastly unchanged from three years ago, believing a 25bps cut won't change anything.
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Michelle Connell considers Okta Inc. (OKTA) a "really strong company," though the company's commentary on government-side weakness is something she believes investors should watch moving forward. That said, a bullish outlook on cybersecurity and mergers seen in companies like Palo Alto Networks' (PANW) acquisition of CyberArk add to the case for Okta.
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"You can make a reality TV show with the drama between the Fed and the White House," says Kevin Green. That said, he believes the potential termination of Fed chair Lisa Cook without an indictment or due process will lead to a "slippery slope" against precedent for Fed independence. Cook stands defiant and says she will continue to serve on the board. Kevin also turns to President Trump and how he plans to tariff foreign countries if they add digital taxes to American internet heavyweights.
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PVH Corp. (PVH) reports earnings after the close on Tuesday. @CharlesSchwab's Brett Crowther points out that the stock is facing bearish divergence even as bullish momentum builds under the surface. He points out the levels investors should watch for ahead of the report.
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When it comes to the IPO market, John Jannarone points to this year's biggest movers in A.I. and Crypto as the big themes to watch moving forward. From CoreWeave (CRWV) to Circle (CRCL), John joins Nicole Petallides for a half hour discussion on all things IPO's. He explains the lockup period and why its important to watch secondary-offerings. Plus, John lists Gemini, Klarna and Stripe among IPO names to keep on the radar.
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Dory Wiley thinks the Fed may regret cutting rates again so soon, warning it could lead to a "hissy fit" from the market if they don't deliver. Instead, Wiley believes the Fed should focus on shrinking its $6.6 trillion balance sheet, which he thinks is distorting the term structure of interest rates. On the other hand, Wiley is bullish on names like Nvidia (NVDA), citing its "massive" margins and growth potential, and thinks the stock could run higher despite already being a market darling. He also likes the potential for regional banks like EFSC and Third Coast to benefit from a rate cut.
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Markets gave back some of the gains seen in Friday's post-Powell rally, though Nvidia (NVDA) was one major stock that gained thanks to a pair of price target hikes ahead of its earnings. Bitcoin, Ethereum, and many crypto-tied stocks sold off after a "flash crash" on Sunday spooked investors in the crypto space. Keurig-Dr. Pepper (KDP) will acquire JDE Peet's in an 11-digit deal — something investors did not react well to. Sam Vadas takes investors through an eventful opening to the trading week.
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Morningstar's David Swartz previews PVH Corp's (PVH) earnings due tomorrow. He expects a low-growth quarter with 1% sales growth, but notes that investors will focus on the company's progress on its PVH+ plan. Swartz sees opportunities for PVH to mitigate tariff headwinds by increasing sales outside the U.S., where it has a larger business in Europe. However, he notes that the company lacks pricing power in the U.S. and is exposed to a tough wholesale market.
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Nvidia (NVDA) isn't the only A.I.-centric stock reporting earnings this week. George Tsilis turns investors' attention to IREN Ltd. (IREN), making a run toward all-time highs as the data center company readies to issue its newest report on Thursday. As George explains, the company has shown strength on its balance book and continues a business model theme seen in companies like CoreWeave (CRWV).
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