Wall Street Breakfast

Warren Buffett's Berkshire takes new stakes in COF, Diageo, exits RH (01:01). Daniel Loeb's Third Point amasses new stakes in Alphabet, Micron, AMD, Alibaba (01:42). Rumble buys podcasting and live streaming company CallIn (08:02).

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Wall Street Breakfast SurveyRelief rally for regional bank shares - Will it continue?
Vodafone to slash 11,000 jobs as new CEO plans turnaround
Wells Fargo reaches $1B class-action settlement over scandal recovery
Macro Quarterly Update Q2 2023 With Eric Basmajian
Horizon Therapeutics tumbles amid reports FTC preparing suit to block Amgen deal (update)
Sports recruiting platform Signing Day files for $19M IPO
Tuesday's Economic Calendar

Media struggles see Vice (VICEM) file for bankruptcy protection. (00:52) Oneok (OKE) to buy Magellan Midstream Partners (MMP) in a deal valued at $18.8B (05:35). Athenex (ATNX) falls 52% after bankruptcy filing (07:05).

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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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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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CVS is said to shut down clinical trial business
American innovator, Austin Russell to acquire majority stake in Forbes
Catalyst watch: AI talk, ON Semiconductor event, hedge fund reports and Walmart earnings
Target earnings are coming - the bottom line is investors are nervous
Netflix reportedly eyeing $300M cut to costs amid ongoing profit focus
ETFs to Watch: Earnings due out from Home Depot, Cisco, Walmart and Deere
Activist Engaged Capital to start proxy battle with Shake Shack - WSJ

Founder of EPB Macro Research Eric Basmajian joins Daniel Snyder for a discussion around real-time inflation metrics (1:10), Q2 not a good earnings quarter for most companies (7:30), yield curve a fairly reliable indicator of where US economy is heading (10:10) and why he's sticking with a defensive portfolio (19:20). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.

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Wall Street Breakfast on Twitter

Show Notes:

Follow Eric Basmajian

Subscribe to EPB Macro Research

Seeking Alpha Investing Groups

Seeking Alpha Premium and PRO

U.S. lawmakers will address AI security concerns, as ChatGPT has made OpenAI one of the fastest growing website on the planet. Walmart (WMT) and Home Depot (HD) earnings reports are in, as the economic calendar is heavy on the retail sector this week. And, the sky is NOT the limit for investors, with big opportunities in the space industry.

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Wall Street Breakfast
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Alpha Picks
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Stocks to Watch


Catalyst Watch


Quick Dividend Stock Picks


Home Depot Earnings Preview

Walmart Earnings Preview

Catalyst watch for the week of May 14. Seeking Alpha Managing News Editor Kim Khan says look out for retail sales, new home sales and existing home sales reports next week (00:33). Seeking Alpha Associate News Editor Kevin Curran gives investors a preview of what to expect when Walmart (WMT) reports earnings (03:45). Hot topic: CPI, is the Fed’s plan working? (04:46)

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Seeking Alpha Premium:
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Wall Street Breakfast on Twitter

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Catalyst watch: AI talk, ON Semiconductor event, hedge fund reports and Walmart earnings
CPI rises 0.4% in April, but eases Y/Y, supporting Fed pause scenario
Used auto prices rebound in latest CPI print
Dividend Corner: Is Walmart a good dividend stock pick amid recessionary fears?
Famed investor Stan Druckenmiller sees hard landing coming (update)
Earnings Week Ahead: Walmart, Home Depot, Alibaba, Cisco, and more

Elon Musk says he's picked a new Twitter CEO; Tesla (TSLA) shares jump (00:46). PacWest (PACW) stock resumes drop after pledging more collateral to discount window (05:03) . J&J (JNJ) talc victim group seeking $30B in fraudulent conveyance complaint (04:07).

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Wall Street Breakfast:
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Seeking Alpha Premium:
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Wall Street Breakfast on Twitter

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Peloton Interactive spins lower after recalling 2.2M exercise bikes due to seat hazard
Peloton Is Ready For A New Look; Its Stock Is Not
President Biden's debt-limit meeting with Congress leaders postponed
U.S. judge strikes down federal law banning under 21s from buying handguns

Disney (DIS) dips amid in-line earnings, improved streaming losses despite sub decline (00:58). Polar Power (POLA) now taking pre-orders for a new line of mobile EV chargers, stock jumps 52%. (02:29) Shockwave Medical (SWAV) ticks higher amid takeover speculation (07:19).

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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.

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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Apple's Tap to Pay feature said to face fresh EU antitrust scrutiny
Bitcoin: A New War Is Beginning
Disney: Fiscal Q2 Earnings Miss And Subscriber Decline
ACI Worldwide potential buyer still working on takeover - report

April CPI report may show little, if any, progress in slowing inflation (00:44). Paramount (PARA) to cut 25% of workforce across entertainment divisions (08:03). Rocket Lab (RKLB) to launch four Starling satellites for NASA from New Zealand in Q3 (04:40).

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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Famed investor Stan Druckenmiller sees hard landing coming (update)
MVB Financial says Integrated Financial acquisition terminated
'Everything app:' Twitter launches new features, Carlson gives lift to content creators
Julian Lin And Kirk Spano Unpack Mega Cap Tech Stocks
Michael Kramer: Reading the Markets Investing Group on Seeking Alpha

Palantir Technologies (PLTR) stock soars 26% as Q1 tops expectations (00:34). LinkedIn (MSFT) to lay off 700 employees, shut down China-focused app (06:22). SMX (SMX) shares rally as company ramps up efforts against stock manipulation (05:15).

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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Palantir Earnings: SBC Slowdown And Real GAAP Profits
Yellen said to be reaching out to CEOs about U.S. debt ceiling
Tesla breaks ground on lithium refinery in Texas
3D Systems slashes 6% of its corporate workforce in U.S. and Europe
NYT receiving $100M as part of its expanded Google content deal - WSJ
Julian Lin And Kirk Spano Unpack Mega Cap Tech Stocks

'No good options,' but Yellen doesn't rule out emergency measures to avoid U.S. default (00:52). Berkshire Hathaway (BRK.A) (BRK.B) Q1 operating earnings rise 13%; ratchets up stock buybacks (02:46). What's in store for Lucid (LCID) in Q1? (07:15)

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

Show links:

Berkshire Hathaway won't buy control of Occidental Petroleum, Buffett says
Post-Fed the new market buzzword is SLOOS - here's what to know
Catalyst Watch: CPI report, Icahn showdown and Spectrum Brands trial headline big week
Activist Nelson Peltz said to be targeting Estee Lauder - report
Lucid: Buyers Must Be Convinced Of Its Recession Resilience
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