Wall Street Breakfast

The march to $50,000 continues. (0:15) Uber will join the S&P 500. (1:58) Spotify announces another round of layoffs. (2:17)Show NotesTop 10 trades for 2024 - BofANuke names jump as 22 countries commit to triple nuclear energy capacity by 2050Episode transcripts seekingalpha.com/wsb.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.

Alaska Air (ALK) to buy Hawaiian Airlines (HA) in $1.9B deal. (00:23) Boeing (BA) eliminated from Air Force 'doomsday plane' competition. (01:08) China Evergrande (EGRNQ) winding-up hearing pushed to January. (02:08)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Spotify, Uber Technologies, crypto-related stocks and moreNew highs: Gold sets another record, bitcoin crosses $41K as rate cut bets growSpotify to lay off 17% of employees to curb costsPiper sees GLP-1s increasing demand for knee/hip surgeries near-termWeight loss drugs seen providing a boost to apparel stocks - StifelSign 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.

Catalyst watch for the week of December 3. Seeking Alpha Senior Executive Editor Kim Khan on the upcoming jobs report and how the numbers play into Fed rate cuts. (00:21) Julie Morgan shares the latest analysis on two companies set to report earnings, Broadcom (AVGO) and Lululemon (LULU). (01:52) Finally, Kim gives analysis on a potential Cigna, Humana deal. (03:05) He also shares insight on the M&A landscape for 2024. (05:06)Episode transcripts seekingalpha.com/wsb.Show links:Catalyst Watch: McDonald's event, Lululemon earnings and GameStop volatility reduxBroadcom Leveraging AI To Further Soften Its Cyclical Semiconductor ResetLululemon: Set To Outperform Yet Again In 2024TD Cowen says Cigna, Humana merger would face lengthy regulatory delay

Apple+ and Paramount+ could offer a bundled service to fight churn. (0:15) Fed Chairman Powell calls rate-cut talk 'premature.' (1:11) Wall Street reacts to the Cybertruck. (3:21)Show NotesThese small-cap stocks could do favorably in an economic downturn - BofAJ&J gets upgrade from UBS with 'high conviction' in outlookEpisode transcripts seekingalpha.com/wsb.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.

Crude oil slips as OPEC's voluntary production cuts underwhelm (3:22) Tesla delivers first Cybertrucks as it looks to shake up electric truck segment (4:47) Disney declares dividend after 3 year hiatus (6:52).Show Notes:Tesla delivers first Cybertrucks as it looks to shake up the electric truck segmentDisney declares a dividend of 30 cents after a more than three-year hiatusMontana's state-wide ban on TikTok blocked by federal judgeEpisode 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.

OPEC+ members agree to cut an additional 1 million barrels per day. (0:15) The Fed's favorite inflation gauge hits lowest level in 2 years. (1:26) Here are the most and least reliable autos. (3:57)Show NotesWall Street looking for below-average stock gains in 2024Salesforce jumps as investors, analysts lay on the loveEpisode transcripts seekingalpha.com/wsb.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.

Cigna (CI), Humana (HUM) in talks to combine in stock-and-cash deal - WSJ (update). (00:24) The UAW goes electric with unionization efforts aimed at Tesla (TSLA), Rivian (RIVN) and Lucid (LCID). (01:35) Crude oil climbs as OPEC+ weighs new output cuts, with meeting set to start. (02:17)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Snowflake, Salesforce and moreDOJ trial to block Spirit/JetBlue set to close on Tuesday as remaining days canceledOccidental Petroleum in talks to acquire Permian producer CrownRock - WSJPhillips 66 gains after activist Elliott takes $1 billion stake, seeks board seatsSign 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.

Iconic investor and Warren Buffett's right-hand man passes away. (0:15) GDP growth is revised up to 5.2% with inflation revised lower. (1:25) GM boosts dividend, announces buyback. (2:49)Show NotesHedge funds could get squeezed on stocks into year endBill Ackman sees Fed rate cuts as soon as first quarter of 2024Episode transcripts seekingalpha.com/wsb.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.

Disney townhall (DIS): Bob Iger downplays asset sale comments, says it's time for building. (00:25) Adelson family (LVS) to buy majority stake in Dallas Mavericks from Mark Cuban - reports. (01:30) Farfetch (FTCH) jumps amid report founder may make offer for luxury fashion site. (02:18)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Workday, Las Vegas Sands and moreCharlie Munger, Warren Buffett's associate, dies at 99: Berkshire HathawayApple ending credit card partnership with Goldman Sachs - WSJTesla's Cybertruck is finally here - will the launch create a halo effect?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.

Tirzepatide 3x more likely to result in 15% weight loss vs. semaglutide. (0:15) Consumer expectations pick up sharply in November. (1:38) Amazon takes delivery title from UPS, FedEx. (3:50)Show NotesHedge funds ease up on Magnificent 7 bingeAdobe, Figma deal likely to result in 'substantial lessening of competition'Episode transcripts seekingalpha.com/wsb.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.

U.S. court ruling rejects massive class action over 'forever chemicals'. (00:27) Fast-fashion firm Shein files for U.S. initial public offering - WSJ. (01:25) Saudi Arabia wants OPEC+ members to cut oil production quotas - Bloomberg. (02:29)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: Carlyle Group, Zscaler and moreThese are the most under-owned large-cap tech stocks - MSBroadcom said to let go of 'many' VMware employees after deal closed: reportAlbemarle, other lithium names extend losses on weak pricing as EV demand coolsSign 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.

Charts say the yellow metal can test all-time highs. (0:15) Shopify sets Black Friday record. (1:40) Zero-day options arrive for Treasury bonds and oil. (2:31) Show NotesThe AI gold rush is here. Buy 'picks and shovels' to benefit.Episode transcripts seekingalpha.com/wsb.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.

U.S. sees record Black Friday online sales, driven by price-conscious shoppers. (00:23) Tesla's (TSLA) union problems in Sweden include trash piling up and no mail service. (02:07) Fathom Digital Manufacturing holder offers to buy company for $4.50 a share. (03:45)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: UP Fintech and Crown CastleThe AI gold rush is here. Buy 'picks and shovels' to benefitActivist investor Elliott takes more than $2B stake in Crown Castle - WSJCan current tailwinds support Netflix's accelerated growth in 2024?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.

Why Michael Gayed sees Phase 2 of a coming credit event going from treasuries to corporate credit to junk debt to highly levered companies (1:23) and why we're heading back to an era of dividend focus (5:45). Fed credibility and how they've left themselves very little wiggle room (8:20). This is an abridged conversation from Seeking Alpha's recent Investing Experts podcast.Subscribe to Michael's Lead-Lag ReportShow Notes:JNK: At The Center Of A Credit EventMichael Gayed On Credit Event Phases And The Fed's Unprecedented MovesEpisode 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.

More than 130 million people planned to shop for deals. (0:15) Bill Gates says AI could usher in a 3-day work week. (3:15) This quant portfolio now focuses on high yield. (3:43)Episode transcripts seekingalpha.com/wsb.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.Show NotesiRobot surges 37% on report of EU approval for sale to AmazonNovo's weight-loss drug Wegovy to make Asia debutNvidia delays launch of an AI chip for China

Barclays (BCS) plans to cut 2000 jobs amid cost-cutting measures. (00:22) Are Amazon (AMZN) workers in Europe posing threat to big Black Friday sale? (01:33) AbbVie (ABBV) suing Sandoz, four others to block generic Rinvoq: report. (02:33)Episode transcripts seekingalpha.com/wsb.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.Show links: Biggest stock movers today: iRobot, Fisker and moreSports betting records could be carved up Thanksgiving weekend - watch these stocksBest stocks for when the 10-year Treasury is fallingOctober global smartphone sales break two-year losing streak

OPEC+ meeting is delayed with Saudi Arabia said to be unhappy. (0:15) Rise in consumer inflation expectations raises eyebrows. (1:29) Apple's Tim Cook says there is a detailed succession plan. (3:53)Episode transcripts seekingalpha.com/wsb.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.Show NotesHedge funds are crowding more than half of their investments in their top 10 positionsDurable goods orders fall more than expectedDeere’s stock declines on guidance for smaller profit

Sam Altman to return to OpenAI as CEO with new board of directors. (00:27) Nvidia (NVDA) slips as Q3, guidance blow past expectations. (02:58) Elon Musk, Tesla (TSLA) engineers were aware of Autopilot defect - judge. (03:58)Episode transcripts seekingalpha.com/wsb.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.Show links: Biggest stock movers today: Virgin Galactic, Autodesk and moreTim Cook discusses Apple's 'very detailed' CEO succession plansBest quality stocks with highest return on capital, according to NasdaqHP CEO: Growth in PC segment likely to double next year

The S&P 500 exited a correction in just 16 trading days. (0:15) Best Buy sounds a warning on the consumer. (2:49) OpenAI investors mull legal action. (4:00)Episode transcripts seekingalpha.com/wsb.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.Show NotesThe 12 least expected market outcomes of '24 - and how to trade themEV shocker: VinFast Auto is on watch after Wedbush says shares could doubleLowe's slides after pointing to fading do-it-yourself demand

Dell, HP (HPQ), Foxconn (FXCOF) and others to get subsidies to make IT hardware in India. (00:23) SEC charges Kraken for operating as unregistered crypto exchange. (01:23) Texas AG sues Pfizer (PFE) for alleged Medicaid fraud over ADHD meds. (02:23)Episode transcripts seekingalpha.com/wsb.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.Show links: Biggest stock movers today: Agilent Technologies, MorphySys and moreThe top 10 value plays, according to SA Quant RatingsNvidia Q3 earnings preview: Will widening China curbs dampen its blistering growth?Holiday sales are expected to come in better than feared - watch these stocks