Wall Street Breakfast

Catalyst watch for the week of October 15. Seeking Alpha Senior Executive Editor Kim Khan on the release of September retail sales next week and what the numbers say about the health of the economy. (00:21) He also discusses the impact of weight loss drugs on different stocks, most notably Ozempic by Novo Nordisk (NVO). (03:24) Julie gives a brief earnings preview of Netflix (NFLX), Tesla (TSLA) and Taiwan Semiconductor Manufacturing (TSM). (02:00)

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Consumer price index comes in a touch hotter than expected in September
Novo Nordisk to stop late-stage kidney failure trial as interim data shows efficacy
Taiwan Semiconductor likely to receive waiver from Chinese export control curbs
Tesla headwinds include a sales deceleration in China and price cuts in the U.S.
Netflix changes ad chiefs with growth shaping up as a struggle

UK clears way for $69B Microsoft-Activision (MSFT) (ATVI) deal, tech's biggest ever. (00:24) Qualcomm (QCOM) said to cut jobs in California in effort to slash costs. (01:17) Disney (DIS), Comcast (CMCSA) hire banks to arrive at Hulu valuation for sale. (02:11)

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Biggest stock movers today: Dollar General, SMART Global and more
U.S. weighs including Chinese subsidiaries overseas in new AI chip curbs - report
Dollar General jumps after appointing Todd Vasos as CEO
Tesla announces pay raise for German plant workers amid union dispute
Banks Q3 earnings preview: Expect NIM pressure, elevated charge-offs

A rise in shelter prices pushes CPI up +0.4% in September. (0:15) Walgreens issues disappointing guidance right after new CEO appointment. (2:50) OpenAI intends major updates ahead first Developers Conference. (3:05)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Most crowded longs and shorts going into earnings season
Domino's Pizza slips after U.S. same-store sales decline in Q3
Initial jobless claims hold steady in past week

UAW expands strike to major Ford (F) truck plant in Kentucky in shock move. (00:26) Microsoft (MSFT) receives notice from IRS for nearly $29B in back taxes, penalties. (01:38) Hollywood strike: Talks between studios, actors break down. (02:29)

Episode transcripts seekingalpha.com/wsb.
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Biggest stock movers today: Tupperware Brands and Victoria's Secret
OpenAI plans to unveil new updates with potentially lower costs to attract developers - report
Tempest Therapeutics soars 4,000% on updated data (update)
China sovereign wealth fund raises stake in 'Big Four' banks

Exxon Mobil (XOM) will pay $59.5 billion in stock. (0:15) Debut of Las Vegas mega resort nears. (3:56) Packaging makers could take a hit from weight-loss drugs. (4:53)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Bank of England warns on U.S. tech stock valuations
Producer price index increases more than expected in September
Disney rises as company announces price hikes at Disneyland, Disney World
HP investor day shows capital return plans are 'key' to investor base

Birkenstock (BIRK) prices IPO at $46 per share as footwear company looks for $9B valuation. (00:25) U.S. to award $7B in funds for hydrogen hubs this week, reports say. (01:41) Samsung Electronics (SSNLF) expects 78% drop in Q3 operating profit. (02:35)

Episode transcripts seekingalpha.com/wsb.
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Show links:
Biggest stock movers today: DaVita, E2open, Polestar and more
Clean energy stocks rally as France aims to double output from renewables
The Las Vegas Strip will have a new mega resort opening in December
American Airlines suspending flights to Israel through early December

PepsiCo (PEP) reports solid Q3 organic sales growth. (0:15) PC market set to rebound in Q4. (3:35) Barclays digs into climate change impact on the ski season. (4:10)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Abercrombie & Fitch is called a mall stock standout by Jefferies
Electronic Arts rises as BofA upgrades, says discount 'unwarranted' going into 2024
Lincoln National debt rating cut at Moody's on capital, profit headwinds

Country Garden (CTRYF) stock drops on debt default warning amid cash crunch, weak sales. (00:26) WW International (WW) rides the Ozempic (NVO) wave, closes up 13%. (01:26) Door maker PGT Innovations (PGTI) gains amid report of rejected $1.9B bid. (02:55)

Episode transcripts seekingalpha.com/wsb.
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Show links:
Truist said to be in talks to sell rest of its insurance brokerage unit
Fannie Mae survey shows pessimism in housing market hit new high in September
PG&E to pay $45M penalty for California's Dixie Fire, regulator says
Sonos dips amid loss in Google patent case

Israel orders a ‘complete siege’ of Gaza. (0:15) Wedbush cautious on Rivian (RIVN) on management concerns (2:12) Pintesrest (PINS) gets a vote of confidence. (2:32)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Investor Movement Index slips for first time in five months
Airline flights to Israel are cut back dramatically after Hamas attack
Arm Holdings rises as JP Morgan starts with overweight rating

Oil prices pop after Hamas attack on Israel but analysts foresee limited gains. (00:26) Trian's Peltz plans new push for board seats at Disney (DIS)- report. (01:49) Bristol-Myers Squibb (BMY) to acquire Mirati Therapeutics (MRTX) for $4.8B. (02:44)

Episode transcripts seekingalpha.com/wsb.
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Show links:
Birkenstock IPO likely to price at top end of range - report
Tesla headwinds include a sales deceleration in China and price cuts in the U.S.
Citigroup to sell China consumer wealth portfolio to HSBC