Wall Street Breakfast

May's nonfarm payrolls expected to show a more-balanced labor market. (00:22) Affirm (AFRM) unveils new BNPL payment options to offer more flexibility. (01:51) Robinhood Markets (HOOD) to buy Bitstamp, expanding crypto business globally. (02:26)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Meme stocks, DOCU, MTN, and moreCathie Wood says ARKK is well positioned for AI even though it cut positions in NVDASportsbooks look for a boost from a highly anticipated NBA FinalsGameStop earnings are coming and Roaring Kitty is returning to YouTube. Who should be worried?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.

The ECB lowers rates by 25 basis points. (0:23) NIO shares drop post-earning. (2:34) Evercore gets bullish on Carvana. (3:13)Show NotesStocks with the largest market cap in the U.S. from the 1950s to todayEpisode transcripts seekingalpha.com/wsbSign 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.

Antitrust police going after Nvidia (NVDA), Microsoft (MSFT) and OpenAI - NYT. (00:24) Amazon (AMZN) unit Zoox expands robotaxi testing to Austin, Miami. (02:02) Tempus (TEM), AI-based diagnostics maker, sets terms for $400M IPO. (02:51)Episode transcripts seekingalpha.com/wsb.Show links: Nvidia at $3T: ETFs with the biggest weightings in the hot AI chipmakerBiggest stock movers: LULU, FIVE, and moreS&P downgrades Spirit Airlines to ‘CCC’, pushing it further into junkLululemon delivers strong Q1 and hikes profit guidance above street viewVictoria's Secret sees sales and profits decline in 'challenging and competitive' environmentSign 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.

An advisory panel votes against ecstasy treatment for PTSD. (0:16) Services activity picks up. (1:34) You know what they call a Chicken Big Mac in Europe? (4:14)Episode transcripts seekingalpha.com/wsbSign 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.

Bayer's (BAYRY) $2.25B Roundup verdict cut to $400M by Pennsylvania judge. (00:23) United Airlines (UAL) expected to cut staffing needs this year as carrier faces shortage of planes. (01:01) Nike (NKE) cuts jobs at its European headquarters as part of $2B cost-cutting plan - report. (03:21)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: CRWD, HPE, and moreElon Musk estimates Tesla will spend up to $4B this year on Nvidia AI chipsMicrosoft invests in AI startup Touchcast as it improves gen-AI efficiency: reportThe EV-related stock that is up 100% this year and still loved by both analysts and quants'Roaring Kitty's' GameStop trades come under probe by Massachusetts regulator - reportSign 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.

OPEC+ overproduction and demand concerns are hitting crude prices. (0:16) Roaring Kitty getting kicked off of E*Trade? (1:25) Realty Income more bullish on investment volume. (2:27) Show NotesGoldman Sachs adds 5 stocks to its conviction listEpisode transcripts seekingalpha.com/wsbSign 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.

Microsoft (MSFT) faces advocacy group's privacy complaint in Austria over education program. (00:25) Illumina (ILMN) board approves spinoff of GRAIL. (01:54) NYSE to bust erroneous trades in Berkshire Hathaway's (BRK.A) class A shares - report. (02:20) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: GME, HQY, and moreBill Ackman's Pershing Square seeks to raise $25B for U.S. closed-end fund - reportMorgan Stanley's E*Trade considers kicking 'Roaring Kitty' off platform - reportGoldman Sachs adds 5 stocks, including 2 solar names, to its U.S. 'conviction list'U.S. home power bills forecast to jump nearly 8% this summer - reportSign 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.

Nvidia, AMD and Arm provide updates on their AI processor plans. (0:16) NYSE trading glitch show Berkshire Hathaway down 99%. (1:45) JPMorgan weighs in on the restaurant sector. (2:52)Show Notes'Sell in May and go away' didn't work (again) but that's good for the yearISM Manufacturing PMI declines in May for a second month in disappointing printWaste Management confirms deal to buy Stericycle for $62/shareEpisode transcripts seekingalpha.com/wsbSign 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.

GameStop surges as Roaring Kitty reveals $116M bet. (00:26) Skydance's latest offer allows Paramount holders to cash out for $15/share - reports. (02:12) Waste Management near deal to buy Stericycle - WSJ. (03:10)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Meme stocks, GSK, and moreStocks most loved by hedge funds and mutual fundsStocks most shunned by hedge funds and mutual fundsTesla shareholders outside of U.S. are at risk of missing voteLive Nation confirms Ticketmaster was hackedSign 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.

Economists expect that another 185K jobs were added in May. (0:18) Nvidia 10-for-1 stock split on the way. (1:46) A deeper dive into crypto ETFs. (5:35) Show NotesElon Musk accused of $7.5B insider trading by Tesla investorEarnings CalendarEpisode transcripts seekingalpha.com/wsbSign 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.

Trump Media (DJT) drops after verdict reached in New York criminal case. (00:32) OPEC+ considering extending some production cuts into 2025 - report. (01:15)  AI content deals said to be under DOJ scrutiny. (02:08) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: ZS, DELL, DJT, and moreWalmart jumps head of Amazon Prime Day with its Walmart+ Week eventEU approves Biogen treatment for genetic form of ALSHome prices hit new all-time highs in March - S&P CoreLogic Case-ShillerXLU and its 10 top holdings on course for May win as AI investing lights up utility stocksSign 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.

Q1 inflation was also revised lower, cheering rate doves. (0:16) Analysts defend Salesforce after first revenue miss since 2006. (2:02) Is the 60/40 portfolio back? (4:17) Show NotesActivist investor Nelson Peltz sells out of entire Disney stakeC3.ai soars as analysts praise AI-enhanced Q4 results, forecastEpisode transcripts seekingalpha.com/wsbSign 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.

Google (GOOG) (GOOGL) Search secret algorithm documentation leaked. (00:27) Biden administration throws support behind building large-scale nuclear reactors. (01:16) Homeland Security cracking down on customs brokers used by Shein, Temu (PDD). (03:18) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: CRM, PATH, and moreActivist investor Nelson Peltz sells out of entire Disney stake - CNBCGap between Nvidia's 20% post-Q1 leap and S&P 500's slip was unprecedented - Evercore ISIStocks with momentum and at least 5% EPS revisions since end of March - Wolfe ResearchSign 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.

ARK Investment management bets on the AI startup. (0:16) Could Devon Energy hijack ConocoPhillips deal for Marathon? (4:11) Hedge funds at record exposure to Magnificent 7. (5:00)Show NotesAmerican Airlines stock slides on adjusted profit guidance cutOpenAI to see PWC become its largest ChatGPT Enterprise customerEpisode transcripts seekingalpha.com/wsbSign 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.

ConocoPhillips (COP) is looking to scoop up Marathon Oil (MRO) - FT. (00:22) Merck (MRK) to buy eye-care startup EyeBio for up to $3B - report. (00:59) Trading platform Robinhood (HOOD) launches $1B share buyback plan. (01:55) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: HOOD, AAL, and moreHess shareholders approve $53B sale to ChevronFirst of Sam Bankman-Fried's lieutenants sentenced to 7.5 years in prison - reportBHP wants more time to discuss $49B takeover bid for Anglo AmericanVolkswagen is still charging ahead with plans for a low-cost electric vehicle launch in Europe in 2027Sign 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.

T-Mobile to buy substantially all of UScellular's wireless operations. (0:16) Consumer confidence snaps losing streak. (2:26) UBS boosts S&P target to Street high. (4:51)Show NotesEnergy Transfer to buy WTG Midstream in $3.25B cash and stock dealBitfarms jumps after rejecting $2.30 a sharer offer from rival Riot PlatformsCrowdStrike gains as Morgan Stanley sees it topping $100B valuation soonEpisode transcripts seekingalpha.com/wsbSign 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.

Hess (HES) shareholders to vote on proposed $53B sale to Chevron (CVX). (00:25) Micron (MU) said to plan new DRAM chip factory in Hiroshima. (01:42) Fed's Kashkari: More positive inflation data needed before rate cut, can't rule out hike. (02:15) Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: GME, MOMO, and moreEarnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and moreElon Musk’s AI startup xAI hits $24B valuation after latest fundraising roundFamilies of Uvalde school shooting victims sue Meta, Microsoft's ActivisionAuto insurance inflation set to tap on the brakes, BofA economist saysSign 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.

Fed Trader Chaim Siegel discusses fundamental and technical bullishness (0:35). CPI perfect numbers, Fed hiking, fighting inflation and bonds (4:00). This is an abridged conversation from a recent Investing Experts podcast.Show Notes:Chaim Siegel Is Bullish For 2024All About Inflation (Again)Bull run rolls on as April CPI makes road to Fed's 2% inflation target look ‘less bumpy’Episode transcripts: seekingalpha.com/wsbSign 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.Register for Seeking Alpha's Investing Summit (with your podcast discount code!)

The core PCE price index for April hits Friday. (0:14) Salesforce, Best Buy and Chewy highlight earnings. (0:55) GameStop cashes in on meme resurgence. (3:02) Show NotesCathie Wood says investors at Great Depression-level of intensity in search for safetyEpisode transcripts seekingalpha.com/wsbSign 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.

Burger King (QSR) to launch $5 value meal to outshine McDonald’s (MCD). (00:30) SEC approves spot ethereum (ETH-USD) ETFs in huge win for crypto world. (01:48) Nvidia (NVDA) cuts AI chip price in China amid competition from Huawei - report. (02:41)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: WDAY, INTU, and moreTesla's Elon Musk no longer in favor of U.S. tariffs on Chinese EVsNorfolk Southern reaches settlement with EPA, DOJ and DOI on Ohio derailmentAlphabet, Meta eye multimillion-dollar AI partnerships with Hollywood studiosSign 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.