Wall Street Breakfast

October is traditionally strong for stocks, but it's no sure thing. (0:15) Goodbye, Kellogg (K). (3:13) Will a Tesla Cybertruck arrive in Q4? (3:45)

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Show Notes
'Hey above-median spender' - Jefferies highlights software/net picks
Nvidia rises, EU says no 'formal investigation' into AI after French raid
Datadog rises as Piper Sandler upgrades, citing stability,' boost from AI

Student loan payments resume. What does it mean for the economy? (00:23) Tesla (TSLA) rolls out updated Model Y in China; starting price unchanged. (01:15) Cigna (CI) to pay $172M to resolve Medicare overpayment claims. (02:19)

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Biggest stock movers today: Syndax Pharmaceuticals, Coinbase Global and more
Apple to take action on overheating iPhone 15s
Macau's Golden Week starts off strong in potential catalyst for the broad Chinese economy

Catalyst watch for the week of October 1. Seeking Alpha Senior Executive Editor Kim Khan on a notable catalyst for the week, Nonfarm Payrolls. (00:26) He also takes note of the research that evaluates how today’s market compares to the 2018/2019 government shutdown. (02:34) Julie gives a brief earnings preview of Constellation Brands (STZ). (01:37)

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Catalyst Watch: Tesla deliveries, Google event, Kellogg spinoff, Amgen drama and Ether ETFs
Amazon, Disney, Boeing boosted in Wells Fargo Signature Picks portfolio
Why this shutdown selloff looks different
U.S. Government Shutdown Makes It Likely The Fed Is Finished Hiking
Rate environment today 'rhymes with 2008' - J.P. Morgan's Kolanovic

The Fed’s favorite inflation gauge falls below 4% for the first time in two years. (0:15) Bill Ackman says keep shorting Treasuries after worst month this year. (2:07) GameStop’s Cohen calls for ‘extreme frugality.’ (4:10)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Stocks in midst of worst seasonals, but things look up for Q4 - Goldman
Blue Apron skyrockets 121% after landing buyout offer from Marc Lore's Wonder Group
Nvidia offices in France raided over suspected anti-competition practices

Nike (NKE) rises on profit beat; China sales miss estimates. (00:23) Exelon (EXC) to pay $46.2M penalty to settle SEC fraud charges. (01:26) Tesla (TSLA) and Chipotle (CMG) are sued separately by the EEOC for civil rights violations. (02:24)

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House Speaker McCarthy snubs Senate plan to avoid government shutdown
News-heavy Amazon closes at the same exact price three days in a row
Fed Chair Jerome Powell emphasizes education's role in the economy

Shares rise as meme crowd favorite Cohen takes GameStop (GME) top spot. (0:15) ChatGPT goes real time. (2:55) S&P ETF is the most oversold it’s been in a year. (3:25)

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 Notes
Rate environment today 'rhymes with 2008' - J.P. Morgan's Kolanovic
Pending home sales in August sink 7.1% to lowest since 2020
Workday stock falls 10% after subscription revenue forecast seen below estimates; unveils AI Marketplace

Las Vegas hospitality workers vote for strike against hotels, casinos. (00:25) Johnson Controls (JCI) hit with data breach, ‘massive ransomware attack’. (01:17) Evergrande (EGRNF) stock trading suspended in Hong Kong as chairman under surveillance. (02:01)

Episode transcripts seekingalpha.com/wsb.
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Biggest stock movers today: Peloton, Micron Technology and more
Meta Platforms shows off Quest 3 headset, AI updates, as the face race heats up
Morgan Stanley’s top picks for high dividend-paying industries
Exercise shocker: Lululemon and Peloton enter broad strategic partnership
Bank of America CEO still expects soft landing as consumer spending stays strong

Crude stocks at Cushing, Okla. hit their lowest level in 14 months. (0:15) Hollywood writers set to return to work. (3:37) Here's why a government shutdown could be even worse for stocks than 2018. (4:50)

Episode transcripts seekingalpha.com/wsb.
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Show Notes
Durable goods orders unexpectedly tick up in August
NextEra Energy Partners cuts long-term growth outlook roughly in half
Costco is defended by bulls despite staying quiet on membership fee increase

Retail theft jumped almost 20% in 2022. (00:25) Microsoft-backed (MSFT) OpenAI said to discuss existing share sale, valuing it at $90B. (01:37) Intel (INTC) German plant reportedly having difficulty hiring. (02:20)

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DuPont opens new adhesives manufacturing facility in China
Costco drops after the close; Co. beat quarterly profit, sales estimates
Jabil to divest Mobility business to BYD Electronic for $2.2B
China Evergrande chairman reportedly under police watch, stock drops 19%

Ford (F) pauses construction on giant electric vehicle battery plant in Michigan. (00:26) Costco (COST) members get access to online medical visits in Sesame deal. (01:20) Government shutdown will be 'credit negative' on U.S. sovereign rating: Moody's. (02:03)

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Show links:
World not ready for Fed rate rising to 7%, warns JPMorgan's Jamie Dimon
Taiwan Semiconductor reportedly moves up packaging orders for AI demand
3M weighs whether to restart PFAS manufacturing at factory in Belgium