Wall Street Breakfast

AI chip demand has looked strong, but NVDA faces lofty expectations. (0:18)  Fed's favorite inflation gauge seen coming in cool after rate cuts signaled. (2:36) Telegram founder arrested. (4:23)Show NotesNvidia earnings previews‘Bottom-fishing’ ideas within Piper Sandler’s universe of stocksEarnings calendarEpisode 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.

Jerome Powell says 'the time has come for policy to adjust' and he does not seek further labor market cooling. (0:17) Markets are pricing in 100 basis points of rate cuts this year. (1:23)Show NotesA brief history of Jerome Powell's past Jackson Hole speechesEpisode 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.

Fed chief expected to set the stage for cutting rates. (0:15) Southwest could charge for bags to fend off activist. (2:10) Uber teams with GM for autonomous rides. (2:55)Show NotesSkydance urges Paramount to end negotiations with Edgar BronfmanCanada government orders railroads into arbitration over labor contractAltria raises dividend by 4.1%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.

Analyst says production pushed to end of '27 or '28. (0:16) Jobless claims add more weight to a 25 bps September rate cut. (0:55) Asia sees first case of new strain of mpox. (2:08)Show NotesMorgan Stanley’s 20 Top Stock PicksLionsgate apologizes for fake film critic quotes in the Megalopolis trailerSnowflake falls after 'good, but perhaps not enough' Q2 resultsEpisode 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.

Canada rail (CP) (CNI) shutdown begins, threatening supply chains and U.S. trade. (00:22) Bronfman boosts bid in Paramount (PARA) offer to $6B: WSJ. (02:30) Disney (DIS) picks Morgan Stanley's Gorman to head Iger succession committee. (03:12)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: SNOW, ZM and moreSeveral FOMC members saw a case for cutting at July meeting: Fed minutesGoldman Sachs sees 818K downward revision in payroll gains as ‘exaggerated’Halliburton hit by cyberattack, impact not yet determined - ReutersSign 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.

First-person game sees 2.2M concurrent players. (0:16) Yearly payrolls ended March revised down by 818,000. (1:28) Target rallies with positive quarterly comps. (2:45)Show NotesOppenheimer’s top 32 ideas for August-SeptemberWarner Bros. eyes spending $8.5B on Las Vegas film studio if tax credit bill passesEpisode 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.

Walmart (WMT) exits JD.com (JD) to focus on its own China business. (00:22) Waymo (GOOG) expands rapidly to 100,000 robotaxi rides a week. (01:23) Microchip Technology (MCHP) suffers cyberattack, shuts down some systems, stock slips. (02:34)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: JD, KEYS, and moreOppenheimer’s top 32 ideas for August-SeptemberPot meet kettle: SHEIN sues Temu for selling counterfeit products, copyright infringementFed's Bowman says she remains wary of future rate cutsSign 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.

WHO's Europe regional director says authorities are aware how to control spread of mpox. (0:15) Lowe's issues lowered guidance. (1:18) Twitter buyout the worst finance deal for banks since crisis. (3:02)Show NotesS&P 500 buy and sell ideas for each of the sectorsEdgar Bronfman has reportedly raised $5.5B to bid for ParamountEpisode 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.

Boeing (BA) grounds 777X test fleet after finding cracks in engine mounting structure. (00:24) Tax firm Andersen Global evaluating IPO - WSJ. (01:28) Workhorse (WKHS) raises doubts about ability to continue as going concern. (02:23)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: PANW, FN, and moreEvercore sees Powell signaling openness to 50bp rate cut in Jackson Hole speechTrump would consider ending EV tax credit, naming Elon Musk as adviser - reportKamala Harris to propose raising corporate tax rate to 28% - reportGold price ekes out new record high; some analysts predict short-term pullbackSign 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.

Layoffs come after GM promoted two former Apple execs to run software & services. (0:16) Carl Icahn settles with SEC over margin loans. (3:02) Goldman says market is full of RINO stocks. (3:50)Show NotesAMD to acquire ZT Systems in $4.9B deal to boost data center AI systems capabilitiesEstée Lauder CEO Fabrizio Freda announces intention to retireEpisode 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.

China's BYD (BYDDF) to set up a plant in Karachi, Pakistan - report. (00:24) UAW chief claims Stellantis (STLA) is price gouging to inflate profits. (01:18) ‘Alien: Romulus’ (DIS) leads box-office sales with domestic premiere. (02:26)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: FUBO, EBS, and moreEvercore ISI screens banks likely to fare better when the Fed cuts ratesChina stops releasing real-time foreign fund flow dataWall Street Breakfast: Better For SellersSign 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.

Jay Powell will speak Friday with markets looking for September cut. (0:18)  High expectations for Target earnings. (4:51) X shuts down in Brazil. (5:54)Show NotesGoldman Sachs lowers U.S. recession risk on strong economic dataEarnings CalendarEpisode 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.

Stellantis (STLA) shareholders sue company in U.S. after disappointing earnings - report. (00:23) Toyota (TM) considering an all hybrid line-up - report.  (01:35) Kroger (KR) pledges $1B in cuts to grocery items if it can complete Albertsons (ACI) deal - report. (02:48)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: HRB, AMAT, and morePiper Sandler spotlights key technical levels for GOOGL, NFLX, CRWD, OKTA, and othersPepsiCo could be sued for misleading consumers on Gatorade protein bars - reportPershing Square doesn't expect Chipotle to miss a step with CEO's departureSign 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.

Retail sales allay recession worries with 1% July gain. (0:14) Walmart rallies on earnings. (2:03) Final prices for first 10 Medicare Part D drugs out. (4:49)Show NotesThe 'battleground' stocks shorted by hedge funds, owned by many long-onlysAlibaba posts mixed quarterly resultsEpisode 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.

SoftBank (SFTBY), Intel (INTC) talks to produce AI chip to rival Nvidia (NVDA) reportedly failed. (00:26) Meta (META) shuts down misinformation tool—CrowdTangle despite pleas. (01:28) Serve Robotics (SERV) and Shake Shack (SHAK) roll out autonomous robot delivery via Uber Eats (UBER). (02:19)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: CSCO, NKE, and moreCrypto bill can be passed this year, Schumer says, as Democrats woo industryGoogle says: Iranian group trying to access Biden-Trump campaign emailsWarren Buffett's Berkshire Hathaway's Q2 adds Ulta, sheds Snowflake, othersThe 'battleground' stocks shorted by hedge funds but owned by many long-only portfoliosSign 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.

Retail inflation keeps declining, but rents prove stubborn. (0:16) Nike could be the next activist target.. (3:33) Premier League turns to AI for offsides. (3:58)Show NotesVictoria’s Secret stock soars on prelim earnings beat, new CEONvidia, Coherent, Marvell, Apple supply chain updatesEpisode 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.

Candy maker-Mars strikes deal to buy Kellanova (K) for $30B - report. (00:24) Activist Elliott seeks 10 board seats at Southwest Airlines (LUV). (01:15) GRAIL (GRAL) to focus on multi-cancer early detection; cuts workforce by 30%. (02:36)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: NU, K, and moreJuly CPI in focus but keep watch on retail sales as growth risks stalk markets: GoldmanAutomakers lowered U.S. vehicle prices again in July and raised incentivesJustice Dept. considers push to break up Google: BloombergSign 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.

Starbucks shares jumped as it named Brian Niccol as its new CEO. (0:16) Wholesale inflation comes in soft. (1:49) Traders get jitters about Hawaiian Holdings deal. (4:12)Show NotesBofA’s Fund Manager Survey: Recession fears riseHome Depot points to weak consumer spending trendsEpisode 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.

CXApp (CXAI) soars on multi-million dollar deal with Google Cloud (GOOG). (00:25) KFC (YUM) expanding its $5 Value Meal to take on McDonald's (MCD) in price wars. (01:10) J&J (JNJ) makes headway in settling talc baby powder litigation: reports. (01:58)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: RUM, DELL, and moreSemiconductors could start recovering in October, BofA saysNASA watchdog hits Boeing on quality control problems with Space Launch SystemOxy Petroleum says CrownRock Holdings launches sale of 29.6M sharesSign 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.

After historic volatility shock, high fliers may offer cheap protection. (0:15) Robinhood catches an upgrade. (3:01) B. Riley plunges 50%. (3:52)Show Notes74 S&P 500 stocks that can beat the cash yieldStock market to stay choppy near term after historic volatility shockEpisode 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.