Wall Street Breakfast

New Maui County lawsuit alleges Hawaiian Electric's (HE) negligence caused wildfire. (00:34) DoJ sues SpaceX (SPACE) for hiring discrimination against asylum seekers, refugees. (01:49) Ukrainian pilots to start F-16 (LMT) training in U.S. soon. (03:00)

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.

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Biggest stock movers today: Hawaiian Electric, Affirm Holdings and more
Agape ATP upsizes proposed offering to $7m, seeks Nasdaq uplisting
Toronto-Dominion Bank under DOJ probe related to anti-money laundering practices
iRobot sets Oct. 12 for new holder vote on revised deal with Amazon

Oil prices drop below $80 per barrel on China demand concerns. (0:15) Stocks see sharp reversal from overnight Nvidia enthusiasm. (1:37) Wells Fargo like the look of ‘uber caps.’ (4:55)

Episode transcripts seekingalpha.com/wsb

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Show Notes
Initial jobless claims fall for second week in a row
Rocket Lab rallies after 40th Electron mission includes reusing an engine
Snowflake pops as Q2 results show consumption 'stabilizing,' some 'green shoots'

Nvidia (NVDA) soars as Q2 earnings, guidance smash estimates; unveils $25B buyback. (00:27) Jerome Powell at Jackson Hole: Expect push-back on rate cuts, bond yield comments. (01:41) Boeing (BA) sees new production issue on 737 MAX - report. (02:53)

Episode transcripts seekingalpha.com/wsb.

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Biggest stock movers today: NVIDIA, Splunk, Groupon and more
LVMH, Ferrari, Ralph Lauren, Mercedes-Benz are listed in the new Luxury ETF: LUXX
SpaceX reportedly working with Cloudflare to boost Starlink
CVS Health launches biosimilars business, with Humira rival as first product

Goldman Sachs putting pressure on workers not in the office 5 days a week. (0:15) Foot Locker (FL) plunges after suspending its dividend. (2:08) Morgan Stanley highlights AI trends to watch. (3:39)

Episode transcripts seekingalpha.com/wsb

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Show Notes
Five metrics for AI trendspotting
Peloton falls 30% on a lowered forecast as turnaround proves to be elusive
Mortgage applications fall by ~4%, reportedly to lowest level in 28 years

Deep FTC probe of Qualcomm (QCOM) auto-chip deal reportedly on deck for Wednesday. (00:32) VinFast (VFS) has the 3rd highest auto market cap - SA analysts say Sell while Wall Street is quiet. (01:35) Goldman Sachs (GS) said to urge staff to work from office five days a week. (03:09)

Episode transcripts seekingalpha.com/wsb.

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Biggest stock movers today: AMC Entertainment, Manchester United, VinFast Auto and more
Retail's true crime story: Top execs say rise in theft is cutting into earnings
Manchester United jumps on report sale may be announced next month
U.S. lifts restrictions on 27 Chinese companies ahead of Commerce Secretary trip
Catalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

Nvidia (NVDA) is riding high ahead of results. Is it party on or party over? (0:15) Dig into ever-rising bond yields. (3:11) Dick’s Sporting Goods (DKS) spooks the sector with guidance cut. (4:52)

Episode transcripts seekingalpha.com/wsb

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Show Notes
Nvidia Is Poised For Another Earnings Blowout
Nvidia Q2: Party May Be Over
Medtronic raises guidance as Q1 results exceed forecasts
JPMorgan continues to ring the alarm of sticky inflation

Arm (SFTBY) files IPO, set to trade on Nasdaq. (00:26) Tingo (TIO) postpones Q2 results yet again after Hindenburg short report, stock -27% after hours. (01:26) S&P downgrades 5 regional banks amid higher for longer rates, asset quality risks. (02:13)

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Biggest stock movers today: Fabrinet and Tingo Group
Zoom Video returns to revenue growth in FQ2, stock rises more than 4% after hours
Los Angeles-area refineries come through hurricane mostly OK - Reuters
FDA approves Pfizer's RSV vaccine as maternal immunization for babies
Catalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

J&J share swap offer for Kenvue is oversubscribed. (0:15) Nvidia (NVDA) leads chip stocks up again as its earnings approach and the 10-year yields hits a 52-week high. (1:26) See what J.P. Morgan’s AI sentiment model says. (4:06)

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Show Notes
J.P. Morgan AI model shows sentiment sour on Fed and taxes, fading on buybacks
Medical Properties Trust slashes dividend to strengthen balance sheet
Palo Alto Networks pops as Wedbush calls Friday night call 'water under the bridge'
European natural gas prices jump as Australia LNG workers poised to strike

Marsh & McLennan (MMC) reaches $450M deal for Australia's Honan Insurance. (00:32) Bill Ackman, Boaz Weinstein reportedly make rival $12/share offer for Sculptor Capital (SCU). (00:59) Shipping wars: Amazon (AMZN) restarts service that competes with FedEx (FDX) and UPS. (2:02)

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Biggest stock movers today: Palo Alto Networks and Napco Security Technologies
Jerome Powell at Jackson Hole: Expect push-back on rate cuts, bond yield comments
China cuts one-year loan prime rate to record low of 3.45%
DuPont near deal to sell resins unit for $1.8B - report
Catalyst watch: Nvidia earnings, Twilio event, AMC drama and Jackson Hole jitters

Steven Cress, head of Quantitative Strategy at Seeking Alpha, joins Kim Khan to discuss the current stock market landscape and how it’s shifted from the 1st half surge (0:25). Market rotation and more breadth - are we in a stock picking environment? Quant Ratings' top picks for H2 2023 (3:10). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.

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Show links:
Quant Rating Spies More Top Stocks As Market Breadth Widens With Steven Cress
Top 10 Stocks For 2023 With Head Of Quant Steven Cress
Top 10 Stocks For H2 2023
2 Stock Buys That Leverage ChatGPT And Generative AI
Quant Investing: How To Beat The Market With Math