Wall Street Breakfast

Listen below or on the go on Apple Podcasts and SpotifyMeta (META), IBM launch open source AI Alliance with over 50 members. (00:22) AT&T (T) picks Ericsson (ERIC) over Nokia (NOK) for $14B Open RAN contract. (01:10) Five9 (FIVN) gains on report it's exploring a potential sale. (02:27)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: GitLab, Ericsson, Nokia and more
U.S. strong buy ideas for the next 12 months – according to Citi
Fluor wins $3B of contracts for Dow's planned net-zero facility in Canada
Goodyear Tire & Rubber is called an auto sector standout by HSBC

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The march to $50,000 continues. (0:15) Uber will join the S&P 500. (1:58) Spotify announces another round of layoffs. (2:17)

Show Notes
Top 10 trades for 2024 - BofA
Nuke names jump as 22 countries commit to triple nuclear energy capacity by 2050

Episode transcripts seekingalpha.com/wsb.
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Alaska Air (ALK) to buy Hawaiian Airlines (HA) in $1.9B deal. (00:23) Boeing (BA) eliminated from Air Force 'doomsday plane' competition. (01:08) China Evergrande (EGRNQ) winding-up hearing pushed to January. (02:08)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Spotify, Uber Technologies, crypto-related stocks and more
New highs: Gold sets another record, bitcoin crosses $41K as rate cut bets grow
Spotify to lay off 17% of employees to curb costs
Piper sees GLP-1s increasing demand for knee/hip surgeries near-term
Weight loss drugs seen providing a boost to apparel stocks - Stifel

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Catalyst watch for the week of December 3. Seeking Alpha Senior Executive Editor Kim Khan on the upcoming jobs report and how the numbers play into Fed rate cuts. (00:21) Julie Morgan shares the latest analysis on two companies set to report earnings, Broadcom (AVGO) and Lululemon (LULU). (01:52) Finally, Kim gives analysis on a potential Cigna, Humana deal. (03:05) He also shares insight on the M&A landscape for 2024. (05:06)

Episode transcripts seekingalpha.com/wsb.

Show links:
Catalyst Watch: McDonald's event, Lululemon earnings and GameStop volatility redux
Broadcom Leveraging AI To Further Soften Its Cyclical Semiconductor Reset
Lululemon: Set To Outperform Yet Again In 2024
TD Cowen says Cigna, Humana merger would face lengthy regulatory delay

Apple+ and Paramount+ could offer a bundled service to fight churn. (0:15) Fed Chairman Powell calls rate-cut talk 'premature.' (1:11) Wall Street reacts to the Cybertruck. (3:21)

Show Notes
These small-cap stocks could do favorably in an economic downturn - BofA
J&J gets upgrade from UBS with 'high conviction' in outlook

Episode transcripts seekingalpha.com/wsb.
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Crude oil slips as OPEC's voluntary production cuts underwhelm (3:22) Tesla delivers first Cybertrucks as it looks to shake up electric truck segment (4:47) Disney declares dividend after 3 year hiatus (6:52).

Show Notes:
Tesla delivers first Cybertrucks as it looks to shake up the electric truck segment
Disney declares a dividend of 30 cents after a more than three-year hiatus
Montana's state-wide ban on TikTok blocked by federal judge

Episode transcripts: seekingalpha.com/wsb

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OPEC+ members agree to cut an additional 1 million barrels per day. (0:15) The Fed's favorite inflation gauge hits lowest level in 2 years. (1:26) Here are the most and least reliable autos. (3:57)

Show Notes
Wall Street looking for below-average stock gains in 2024
Salesforce jumps as investors, analysts lay on the love

Episode transcripts seekingalpha.com/wsb.
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Cigna (CI), Humana (HUM) in talks to combine in stock-and-cash deal - WSJ (update). (00:24) The UAW goes electric with unionization efforts aimed at Tesla (TSLA), Rivian (RIVN) and Lucid (LCID). (01:35) Crude oil climbs as OPEC+ weighs new output cuts, with meeting set to start. (02:17)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Snowflake, Salesforce and more
DOJ trial to block Spirit/JetBlue set to close on Tuesday as remaining days canceled
Occidental Petroleum in talks to acquire Permian producer CrownRock - WSJ
Phillips 66 gains after activist Elliott takes $1 billion stake, seeks board seats

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Iconic investor and Warren Buffett's right-hand man passes away. (0:15) GDP growth is revised up to 5.2% with inflation revised lower. (1:25) GM boosts dividend, announces buyback. (2:49)

Show Notes
Hedge funds could get squeezed on stocks into year end
Bill Ackman sees Fed rate cuts as soon as first quarter of 2024

Episode transcripts seekingalpha.com/wsb.
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Disney townhall (DIS): Bob Iger downplays asset sale comments, says it's time for building. (00:25) Adelson family (LVS) to buy majority stake in Dallas Mavericks from Mark Cuban - reports. (01:30) Farfetch (FTCH) jumps amid report founder may make offer for luxury fashion site. (02:18)

Episode transcripts seekingalpha.com/wsb.

Show links:
Biggest stock movers today: Workday, Las Vegas Sands and more
Charlie Munger, Warren Buffett's associate, dies at 99: Berkshire Hathaway
Apple ending credit card partnership with Goldman Sachs - WSJ
Tesla's Cybertruck is finally here - will the launch create a halo effect?

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