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Jay Aldebert discusses the key themes shaping markets and previews the upcoming retail earnings season. He examines consumer spending trends through the lens of Walmart (WMT) and Target (TGT), while also exploring the impact of tariffs, Fed policy, and the growing adoption of AI across the retail industry.
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Tiernan Ray, longtime tech journalist and editor of The Technology Letter, examines the lessons learned from 2Q tech earnings, the state of the chip trade and what’s behind the volatility in memory stocks. Tiernan also takes a closer look at the state of A.I. infrastructure financing.
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Brex president and CFO Ben Gammell discusses how startup spending is evolving as companies shift focus from AI applications to the infrastructure powering the technology. He highlights the growing use of open-source models to lower costs, the rapid adoption of AI agents, and the increasing importance of compute power, databases, and data storage in the modern startup economy.
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Eisen CEO Allen Osgood explains the escheatment process and the challenges financial institutions face managing dormant and abandoned assets. He discusses how the rise of crypto and other new financial products has increased compliance complexity, and how AI helps firms track regulatory changes, avoid penalties, and reconnect account holders with their funds.
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VanEck's David Schassler explains why traditional portfolio construction is becoming less effective as market dynamics evolve. He discusses AI as a transformative technology and makes the case for owning the commodities and infrastructure that support it. Schassler also highlights gold, energy, and other real assets as important hedges amid rising debt, geopolitical uncertainty, and changing stock-bond correlations.
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Charles Schwab's Kevin Horner discusses the S&P 500's (SPX) pause after three weeks of gains and highlights key technical levels traders are watching. He also examines bullish chart setups in Lumentum (LITE), including a 20-day/50-day moving average crossover, and Cipher Digital (CIFR), where improving momentum indicators suggest potential upside.
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Qwen is the story of Alibaba's (BABA) growth, says Dave Nicholson of Futurum. He adds that it raises "huge price pressure" concerns for Alphabet (GOOGL) and Meta Platforms (META) as Alibaba's model threatens to take more market share. Dave examines some of the other biggest names in Chinese tech, including Baidu (BIDU), as investors express concerns of increased CapEx and shrinking ad revenue. He then turns to JD.com (JD) as a more "traditional" company.
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Meta Platforms (META) "is turning into one of our favorite names," says CFRA's Angelo Zino, who says the core business and growth prospects both appear healthy. The cheapest valuation among the Mag 7 and new products are other key factors he sees buoying the social media giant. Austin Lyons says Meta can use its own AI models to improve ad efficiency while keeping costs contained.
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Bill Davis of Hennessy Funds talks about the state of the rotation trade and how its affecting his firm's view on growth stocks. He explains why the Hennessy Sustainable ETF (STNC) includes stocks like HP Inc. (HPQ), Charter Communications (CHTR), and Quanta Services (PWR) and related peers see stronger upside in their stock prices. However, Bill sees plenty of upside in the AI chip space and names AMD Inc. (AMD) as a key winner.
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Paul McCarthy previews Home Depot's (HD) upcoming earnings report, highlighting concerns around a weak housing market, softer DIY demand, and margin pressure. Using technical analysis, McCarthy suggests the stock could decline toward the $266 level before finding support. He also outlines a longer-term recovery scenario that may not fully take shape until 2027.
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