Wall Street Breakfast

A raft of data shows persistent labor market tightness. Yields jump as market prices in 90% chance of a Fed hike. Microsoft (MSFT) in pole position to reach $3 trillion next.

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Paycom, Chipotle highlight Goldman's Rule of 10 stock screens
As China slowdown continues, here are the U.S. stocks with the most exposure
Job openings fall more than expected in May JOLTS report, quits rate ticks up
Job cuts drop 49% in June to 40.7K: Challenger Job Cuts Report
Initial jobless claims renew climb in past week
Copper extends drop as hawkish Fed, China woes hit sentiment

Oil bounces to two-week high as Saudi says OPEC will do 'whatever necessary.' (00:29) PHINIA (PHIN) swings higher on first day of trading (01:19). Instagram (META) launches 'Twitter killer' Threads text app (01:37).

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BuzzFeed seeking $150M for Complex Networks - report
Vietnam in talks with Exxon on supply for planned LNG-fired power plants
Pinterest, Amazon partnership is live 'earlier than expected', says RBC
NY Fed's John Williams says he 110% supports June's hawkish pause
Google alleges India's antitrust agency protecting Amazon in Android case - report
Catalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

China ups the chip battle stakes with controls on essential metals exports. Netflix (NFLX) is upgraded ahead of earnings. Mobile apps see mostly strong global download data.

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Time is on China's side in the chip war - here's the Jefferies trade
Meta Platforms could have $925M tax bill from Italy after assessment
Coinbase cut to Neutral at Piper on valuation, 'too much uncertainty'
Factory orders rise less than expected in May

Instagram (META) puts Twitter rival app Threads on App Store with launch imminent (00:29). Illumina (ILMN) faces record European Union fine over Grail deal next week - report (01:42). GTCR in advanced talks to buy Fidelity National Information Services (FIS) Worldpay stake for as much as $20B - report (02:24).

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Microsoft likely to face antitrust investigation from EU over Teams practices
Paycom, Chipotle highlight Goldman's Rule of 10 stock screens
Best and worst performing healthcare IPOs of 2023, so far
Yahoo eyes comeback to public markets - report
Spotlight on Nathan's Famous stock after Hot Dog Eating Contest
Catalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

EV makers rallied as deliveries showed better-than-expected demand. Stocks finished slightly higher ahead of holiday. Musk vs. Zuckerberg in August?

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Netflix, Disney, Datadog among BofA's 10 best ideas for Q3
Did the S&P rally last week jinx market gains for the second half of 2023?
Mattel defends Barbie trademark in legal battle with Burberry
ISM Manufacturing for June slips to three-year low of 46
AstraZeneca reports mixed Phase 3 data for lung cancer drug
Construction spending +0.9% in May
U.S. PMI manufacturing stays at contraction level

As northeast U.S. air quality suffers from wildfires, some potential stock ideas (FIXT). (00:28) Tesla (TSLA) confirms new record deliveries, beats expectations (01:55). Twitter fixes limit on tweets users can read per day (03:21).

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General Motors acquires battery software startup Algolion for early battery defect detection
UBS aims to skip $10B backstop from Swiss govt for Credit Suisse deal - report
Gilead, Teva acquitted in pay for delay generic HIV drugs case
Apple slashes Vision Pro targets amid production woes- report
Macau casino revenue in June misses estimates and dips sequentially
NIO reports June delivery of 10,707 vehicles
Catalyst Watch: BorgWarner, Biogen, iRobot and Coty are in the spotlight during holiday-shortened week

Brad Thomas joins Kirk Spano to discuss using REITs as insulation and income generation during a potential recession (0:50), and concerns around the sun belt region, primarily Florida (6:55). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.

Subscribe for free trials to Kirk Spano's Margin of Safety Investing and Brad Thomas' iREIT on Alpha.

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UnitedHealth Is The Perfect Buffett-Style Ultra SWAN For This Recession
My Oh My, 3 Strong Buys (The 4th Of July Weekend Edition)

Transcripts available on Seeking Alpha

Wall Street Breakfast on Twitter

Catalyst watch for the week of July 2. Seeking Alpha Managing News Editor Kim Khan says investors should look out for nonfarm payroll numbers at the end of the week (00:32). Hot topics: What impact could a new AI chip curb have on companies like Nvidia (NVDA), Advanced Micro Devices (AMD) and Taiwan Semi (TSM)? (01:20) Also, what impact does a heat wave have on the economy? (03:54)

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Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

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A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

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Wall Street Breakfast on Twitter

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Texas power demand surges to new all-time high amid heat wave
U.S. GDP growth revised up to 2.0% in third estimate, exceeding consensus
Micron leads chips lower as investors fret about recovery
Nvidia: Potential AI Chip Rules May Impact Investment Case
How do you value a chip stock like Nvidia?
Nvidia leads chips higher as sector looks to end the week on solid ground
Nvidia could see notable impact to revenue on new AI chip curb: analysts (update)
Chip war heats up as U.S. said to mull new curbs on exports to China

The Fed's favorite inflation measure shows easing prices. Tesla (TSLA) expected to report record deliveries. How much does a Manhattan apartment cost to rent?

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Personal spending slows in May, income rises, inflation cools
Tesla could report record Q2 deliveries
Apple surpasses $3T
Netherlands, U.S. eye new curbs on chipmaking gear sales to China
Nike swings lower after setting cautious guidance

FTC hearing to block Microsoft (MSFT) $69B acquisition of Activision (ATVI) concludes (00:33). Energy drinks M&A: Monster Beverage (MNST) closes in on deal for rival Bang (01:45). Biden administration develops 'safety net' for student loan payments restart (02:39).

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Foxconn to invest $246M in Vietnam to set up 2 factories - report
Apple continues march towards $3T, Citi praises gross margins
FedNow to launch late July with early adopters JPMorgan, Wells Fargo, others
Root Inc. tumbles after saying it hasn't received actionable offer
Nike records margin beat, strong sales tally in China for FQ4
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance