Wall Street Breakfast

Goldman Sachs misses on bottom line but stock damage limited. Hot weather could severely threaten corn supply. Retail investors are still much more bullish on stocks than pros.

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Charles Schwab CEO sees return of the bulls based on equity exposure
AT&T pauses plan to remove lead cables from Lake Tahoe, eyes more testing
Carvana pares huge gain after filing to sell 35M shares
Housing starts, permits slump more than expected in June
Mortgage applications increase slightly as inflation expected to cool, rates decline
Salesforce rises as it unveils pricing for generative AI tools

Microsoft (MSFT) hits all-time high after unveiling pricing for AI tool, Copilot. (00:36) J&J (JNJ) ordered to pay $18.8M over baby powder cancer claim, jury rules. (01:53) Carvana (CVNA) drops after moving up earnings report to July 19. (02:57)

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Gold settles at six-week high; Citigroup raises 2024 gold price forecast
Bloomingdales to Balmain bank on Barbie to bolster sales
Qualcomm, Meta announce deal to bring LLMs to phones, PCs
U.S. home turnover rate in H1 falls to lowest in a decade, Redfin says
Tesla earnings preview: EV sector buckles up for pricing, margin and new model developments
Catalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

Ford (F) falls after slashing prices on electric F-150 to make them more affordable; GM also lower. (00:31) AT&T (T), Frontier (FYBR), Telephone and Data Systems (TDS) plunge as Citi cuts on lead worries. (01:40) Microsoft (MSFT), Activision (ATVI) reportedly planning later close to $69B deal. (02:39)

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Novartis beats top and bottom line estimates; raises FY23 outlook and board endorses Sandoz spin-off
Lithium Americas gain as court denies appeal of Thacker Pass lithium mine
Chipmaker Wolfspeed says its supply chain is safe from China export controls
Petrobras sees steady spending in upcoming plan but dividend policy to be 'adjusted'
BofA gives 10 stocks to watch during this earnings week
Catalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

UN to discuss AI risks in 1st formal meet on the new tech - report (00:22). Tesla (TSLA) enters the electric truck battle after first Cybertruck rolls off the production line (02:30). Intel (INTC), Qualcomm (QCOM) CEOs to meet with officials in Washington on China policy - report (01:25).

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Salesforce is evolving. Goldman Sachs thinks there's more value yet to come
Microsoft in pact to keep `Call of Duty' on Sony's PlayStation
United Airlines, pilots agree on four-year deal with solid pay raises
In digital media earnings look, it's Spotify over Netflix for KeyBanc
Catalyst Watch: Microsoft-Activision Blizzard drama, Splunk event and Nasdaq 100 rebalancing countdown

David Trainer on why, for the near-term, it's really all about liquidity (0:55) and why the Fed is hoping to walk the primrose path (4:00). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.

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Q2 2023 Earnings: Where Street Earnings Are Too High And Who Should Miss
2Q23 Earnings: Where Street Estimates Are Too Low And Who Should Beat

Catalyst watch for the week of July 16. Seeking Alpha Managing News Editor Kim Khan on what investors can expect when the retail sales report is released. (00:24) Kim gives a brief earnings preview of IBM, Tesla (TSLA) and Netflix (NFLX). (01:33) Hot topic: Hollywood actors join writers on the picket lines (03:01). How should investors view major studios and streamers? (05:17)

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Retail buzz: Amazon sets Prime Day sales records
Core CPI cools more than expected in June, with smallest increase since August '21
The June CPI Report Likely The Last Good News Of 2023 - Evidence Of 'Pain' Emerging
Tesla Q2 Earnings Preview: Margin Pain For Long-Term Gain
Is Tesla A Buy?
Bob Iger to continue as Disney CEO until end of 2026
Hollywood actors go on strike, setting up historic entertainment shutdown
IBM: Still Looks Interesting Before Earnings
Netflix Stock Is Expensive, But Worth The Investment

Big banks mostly top expectations but the sector sees red. China is hinting at more economic stimulus. Quant Ratings tells us which sectors look strongest into earnings.

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Dividend Roundup: Procter & Gamble, MetLife, Caterpillar, CVS Health, and more
Citi sees '99B reasons to stay long' chip equipment stocks, new highs expected
AT&T slips as JP Morgan downgrades, citing worries over wireless, broadband
Citigroup Q2 earnings miss as market, investment banking revenue disappoint
Alcoa cut at J.P. Morgan on weaker aluminum fundamentals
Wells Fargo Q2 earnings beat helped by strong net interest income

Bank Q2 earnings set to kick off with the bar set low as rates stay high. (00:25) Hollywood actors go on strike, setting up historic entertainment shutdown. (01:45) Judge denies FTC request to temporarily block Activision (ATVI) sale to Microsoft (MSFT). (03:04)

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Ahead of bank earnings, these names have seen the highest 2023 returns so far
Wells Fargo Q2 2023 Earnings Preview: What To Watch For
JPMorgan Earnings Preview: The P/E Has Compressed As Earnings Power Builds
Roivant reportedly could sell colitis drug to Roche for over $7B
Workers building Taiwan Semi Arizona plant reportedly hit with pay cut
U.S. federal budget deficit narrows less than expected in June
Microsoft, Activision consider sale of UK cloud-gaming rights - report
Nikola soars 62% after disclosing hydrogen truck sale
Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

OpenAI, the maker of the popular ChatGPT chatbot, is under investigation by the U.S. government over consumer protection risks. Wholesale inflation comes in lower than expected, helping stocks again. But hedge funds are turning away from Wall Street.


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Airline stocks fly high after strong results from Delta Air Lines
Hollywood set for first double strike in 60 years as talks between actors, studios fail
Initial jobless claims unexpectedly fall in past week, continuing claims rise
Gold, silver rally to highest since mid-June after more tame U.S. inflation data
PepsiCo rallies after strong organic sales power double earnings beat
Plug Power wins order for 'largest announced project' in Europe oil and gas

Why did Palo Alto Networks (PANW) stock drop? Blame Microsoft (MSFT). (00:26) Medalist (MDRR) to suspend dividends for at least the next six months. (01:38) Elon Musk unveils xAI to 'understand reality' and 'true nature of universe.’ (02:21)

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Bob Iger to continue as Disney CEO until end of 2026
Sarcos to terminate 25% of its workforce, withdraws full-year revenue guidance
Chips rise after Nvidia $50M AI investment, Broadcom deal approval
FTC appeals judge's OK for $69B Microsoft-Activision deal (updated)
Catalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings