Wall Street Breakfast

Michael Gayed sees a melt-up and potentially a crash, all in the same year (0:20). Credit event coming (2:10) long duration treasuries as a hedge (4:20) classifying a bull and bear market (6:30) why he likes utilities sector (11:50) developed and emerging markets; value vs. growth (13:20). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.

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Transcripts on Seeking Alpha

Show Notes:
QQQX: Time To Rotate If Bullish Tech
GHY: Global, But Wait For It
SDIV: Only If International Outperforms
QQQ: It's Time For The Nasdaq To Punish Recency Bias
USA: Value Tilt Could Cause Outperformance
Unpopular Opinion: The Bear Market Is Not Over
DGRO: A Great Fund, But Won't Be Spared In A Credit Event

Catalyst watch for the week of August 6. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when CPI and PPI are released. (00:25) Julie gives a brief earnings preview of Alibaba (BABA), Disney (DIS), Palantir (PLTR) and UPS. (02:26) What do the experts say about how investors should view the Fitch U.S. ratings downgrade? (03:56)

Transcripts available on Seeking Alpha

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Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con
Palantir: Time For A Breakout Q2
Palantir: Be Fearful When Others Are Greedy (Rating Downgrade)
Disney: Arrival Of Mayer And Staggs Shouldn't Be Overplayed
Walt Disney: A Little Magic Heading Our Way
UPS' labor deal with the Teamsters goes to a vote with rank-and-file employees
UPS: Still Not Appealing EnoughAlibaba: Easier Comps Can Deliver Earnings Surprise
Time To Build A Position In Alibaba (Technical Analysis)
JPMorgan CEO Jamie Dimon says Fitch U.S. ratings downgrade is `ridiculous'
Investors question timing on Fitch downgrade, see U.S. keeping 'safe haven' status
United States loses top rating at Fitch; long-term IDR cut to AA+ (updated)

Nonfarm payrolls come in light with down revisions but the jobless rate falls to 3.5%. (0:12) Fortinet (FTNT) stock hammered. (3:03) Why it may be too soon to throw in the recession towel. (4:00)

Read a transcxript of this esisode at Seeking Alpha.


Show Notes:
U.S. jobs growth in July comes in lower than expected, unemployment falls further
As we watch payrolls, is the Fed watching hours worked?
Dividend Roundup: IBM, Walmart, BP, Kimberly-Clark, and more
Roth MKM still sees recession as likely -- maybe before the end of 2023
Fortinet plummets as analysts express concerns after full-year guidance cut
Tupperware stock surges 51% before the bell on debt restructuring deal


Wall Street Breakfast on Twitter

Labor market strength seen persisting in July with some signs of weakness (0:20), Apple slips and Amazon jumps after earnings (4:00) utilities tumble while natural gas rises (8:00).

Transcripts on Seeking Alpha

Show Notes:
Labor market strength seen persisting in July with some signs of weakness
Apple slips even as Q3 results top estimates, aided by Services strength
Apple Inc. (AAPL) Q3 2023 Earnings Call Transcript
Amazon jumps after the close as revenue, operating income beat
Amazon.com, Inc. (AMZN) Q2 2023 Earnings Call Transcript
Apple, Samsung pause laptop imports in India after sudden restrictions - report
Utilities tumble as 10-year yield hits another nine-month high
Nasdaq, S&P, Dow futures rebound ahead of July jobs report
Natural gas jumps as small storage injection trims inventory surplus

Wall Street Breakfast on Twitter

Bill Ackman hedges with a 30-year Treasury short as yields could hit 5.5%. Tesla China deliveries drop to 2023 low. New names in the BofA Alpha Surprise Portfolio.

Read a transcript of this episode at Seeking Alpha.

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Labor productivity turns in strong gain in Q2, labor costs rise less than expected
DXC Technology slumps 25% after Q1 results bring rating cuts at Wall Street
ConocoPhillips slips after Q2 miss, raises full-year production guidance
Qualcomm stumbles as analysts question guidance, 'structural uncertainties'
Anheuser-Busch InBev rallies after recording 7% revenue growth in Q2

Apple (AAPL) Q3 preview: iPhone, India and AI all in focus. (00:34) Amazon (AMZN) analysts upbeat on upcoming results: Earnings preview. (01:28) JPMorgan CEO Jamie Dimon says Fitch U.S. ratings downgrade is `ridiculous'. (02:25)

Transcripts available on Seeking Alpha

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Biggest stock movers today: Upwork, PayPal, Qualcomm and more
American Well down 6% on earnings, 2023 revenue outlook cut
PayPal stock slides after in-line Q2 earnings, active accounts number slips
Shopify's sales beat; shares fluctuate postmarket
Airbnb earnings preview: Reporting amid a busy season, and after a tough warning
Costco July net sales jump nearly 5%, comparable sales rise 2.5%
Salesforce said to lay off more employees after January's purge
Catalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

U.S. scraps offer to buy 6 million barrels of crude for the SPR (0:15). ADP jobs report exceeds expectations in July. (1:57) Arm eyes $60 billion IPO next month. (3:52)

Read a transcript of this episode at Seeking Alpha.

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Morgan Stanley bear Wilson sees a 2019-like rally this year
U.S. Treasury boosts quarterly refunding sales for first time in over two years
JPMorgan sees no soft landing as equity multiples are too high
BofA revises its U.S. outlook to favor a soft landing
Yum Brands gains after KFC does the heavy lifting in Q2
Pinterest slips even as Rosenblatt upgrades after strong Q2 results
Kraft Heinz sees consumers push back on pricing in Q2
CVS Health in restructuring mode amid hit to Q2 bottom-line

United States loses top rating at Fitch; long-term IDR cut to AA+. (00:25) Why did Teladoc (TDOC) stock fall today? Amazon Clinic (AMZN) goes nationwide. (01:21) Manchester United (MANU) falls on report takeover process is paused. (02:06)

Transcripts available on Seeking Alpha

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Biggest stock movers today: XPeng, Match Group and more
Starbucks talks China upside and customization trends on earnings call
Pinterest beats expectations for revenues, user growth in Q2
Caesars Entertainment slides post-market after reporting Q2 results
Paycom stock slips after Q2 earnings beat, but Q3 guidance disappoints
AMD earnings call: Execution on track, AI engagements surging
PayPal to report Q2 earnings
Catalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?

BP misses Q2 top and bottom line estimates; initiates Q3 outlook. (00:25) Federal judge said to reject Ripple (XRP-USD) ruling on cryptocurrency. (01:34) CVS Health (CVS) to shed 5,000 jobs in cost-cutting effort - report. (02:24)

Transcripts available on Seeking Alpha

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Dell boosts generative AI offerings, expands Nvidia partnership
J&J falls after bankruptcy plan rejected for second time
Meta plans launch of AI bots with different personas in attempt to retain users - report
U.K. regulator seeks public input on Microsoft-Activision deal after new arguments
Pinterest earnings look-ahead: Watching ad spending
Uber Technologies earnings preview: Mobility tailwinds are expected to boost growth metrics
Catalyst Watch: Amazon earnings, jobs report, and will Apple talk AI?