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A stock market news podcast and educational program available to stream without a subscription. Get real-time insights, commentary from CEOs and market experts.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant. THE SCHWAB NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. © 2024 Charles Schwab Media Productions Company. All rights reserved.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant. THE SCHWAB NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. © 2024 Charles Schwab Media Productions Company. All rights reserved.
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The U.S. Dollar price moved lower today below the $100 level. Over the last month, there has been an accumulation of short betting. How is the U.S. Dollar impacted by this week's inflation data like the CPI and PPI? Other currencies are playing catchup. Federal Reserve's Waller called for two more interest rate increases. Scott Bauer says that the market is relying on being close to the terminal rate.
The economy is currently complex and a mixed picture, notes Cheryl Smith. She discusses how major indices are on track for a winning week. She talks about the headline CPI is bouncing around but is trending down. She goes over how leading economic indicators are forecasting a recession with high probability which will happen slowly until it happens all at once. She also looks at negative signs in a strong labor market. She previews the next FOMC meeting, highlighting the CME FedWatch Tool. She then mentions how futures are mixed as big banks kick earnings season into gear. Tune in to find out more about the stock market today.
Improving breadth is healthy development but sentiment has gotten a bit frothy, notes Liz Ann Sonders. She discusses the Consumer Price Index for June 2023. CPI month-over-month came in a 0.2% versus an estimated 0.3% and a prior 0.1%. She talks about tomorrow's notable premarket earnings include JPMorgan (JPM), Citigroup (C), Wells Fargo (WFC), and United Healthcare (UNH). She also goes over how some give-back might come near-term. She continues to be sector-neutral and think investors should not in monolithically. She previews the next FOMC meeting which will take place July 25-26. In terms of earnings, investors should focus as much on revenue growth and profit margins as the earnings beats or misses, she highlights. Tune in to find out more about the stock market today.
The crude oil price is back up to $76 today due to a technical momentum, short covering, and easing inflation pressures. On the demand side, refinery runs are strong and OPEC+ production cuts are coming through. Matt Smith weighs in on a weaker U.S. Dollar impact on energy prices, as well as headwinds coming from China. Also, OPEC sees stronger oil demand in 2024.
The CPI or Consumer Price Index data came in lower than expected, which is good news for risk assets like the equity market. Will this have an effect on the upcoming Federal Reserve meeting? Bob Iaccino says that this is still rising prices. Inflation is easing, but still above targeted levels. When there is an increased gap between actual wages and real wages, that will worry the Fed.
Goldman Sachs raised Nvidia's (NVDA) price target to $495 from $440. The analyst notes that NVVDA is a "key enabler for traditional A.I." and there is "significant runaway" for the chipmaker's data center business. NVDA is up over 190% year-to-date. Additionally, Jefferies raised its price target on Tesla (TSLA) to $256 from $185 and keeps its buy rating. The analyst highlights that 2Q will be a trough in a auto gross margin. It suggests a shift in valuation drivers with TSLA's early focus on AI-based autonomy "standing out." TSLA is up 122% year-to-date. Renita Young weighs in on NVDA and TSLA. Tune in to find out more about the stock market today.
Chinese authorities announce $984M fine for Alibaba (BABA) affiliate Ant Group. Jenny Horne discusses this as the fine would bring short-term pain, but may signal the end to Chinese regulatory pressures on the tech sector. She then goes over how Wolfe Research downgrades Paramount (PARA) and Warner Bros. Discovery (WBD). Wolfe notes that PARA says linear advertising exposure is an "Achilles heel under attack." The analyst also says that the risk of significant TV advertising downturn is imminent in relation to WBD. Tune in to find out more about the stock market today.
Apple (AAPL) is planning a slow rollout of the Vision Pro Headsets, according to Bloomberg. Kevin Green discusses this as Apple is planning a special demo section for Vision Pro at stores in major metropolitan areas. The device will be sold at all of Apple's approximately 270 U.S. locations. Apple is to offer its headset other countries at the end of 2024. Tune in to find out more about the stock market today.
The June 2023 U.S. employment report was released and indicated 209K in non-farm payrolls, lower than expected. The stock market today seems to be reacting positively to this data. However, Scott Bauer highlights that the wages number ticked up and that is something the Federal Reserve will be watching. This is a reflection of a strong consumer and could mean a 25BPS interest rare hike in the upcoming meeting.
Exxon Mobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY) are some of Neal Dingmann's energy stock picks. He discusses reasons for weakness in energy stocks this year, highlighting crude oil (/CL). He also talks about what to respect from upcoming energy earnings. He notes that the Energy Sector SPDR (XLE) is down over 8% in 2023. He also goes over how Truist has a hold rating on CVX and XOM and a buy rating on OXY. Tune in to find out more about the energy market and the stock market today.
Newly released Fed-created financial conditions index (FCI-G) shows conditions as tighter than picked up by traditional FCIs (like Bloomberg's or Goldman's), notes Liz Ann Sonders. She discusses how futures are lower as weakness in overseas markets weigh on indices. She talks about how sector and index members above 50-DMA. She highlights that there is a high likelihood that Fed raising 25bps at July FOMC meeting (88% probability per CME); but any further hikes will be data dependent. She also goes over how sentiment, for the most part, has moved into excessive optimism territory. Based on history, it can stay there for a while; but frothiness leaves market vulnerable if a negative catalyst appears. She then previews today's upcoming economic data which includes JOLTs, PMI Composite Final, and ISM Services. Tune in to find out more about the stock market today.
Baird downgraded American Express (AXP) to neutral from outperform. Jenny Horne discusses this as the Baird analyst says that the risk/reward is more balanced following significant outperformance. The analyst continues to like AXP and its ability to drive sales growth, but no longer sees risk/reward as attractive. Jenny then compares AXP to master Card (MA) and Visa (V). She then goes over how Affirm (AFRM) has been downgraded by Piper Sandler. The analyst expects persistently higher interest rates to pressure operating margins. Tune in to find out more about the stock market today.
"Get comfortable" with higher rates, they're going to be here for a while. notes Mike Davis. He discusses show futures are lower as weak China economic data weighs on global markets. He talks about how May factor orders data will be released at 10:00am ET and the FOMC minutes will be released at 2:00pm ET today. He talks about interest trends to watch which include food manufacturers and the housing outlook with mortgage rates high. He then goes over when inflation will get down to the Fed's 2% target. He also mentions how consumers' purchasing power will impact the economy. Tune in to find out more about the stock market today.
What does the weak economic data out of China and Japan indicate for currency traders? The Australian Dollar seems to be the most affected and the Japanese Yen has been under pressure all year. Bob Iaccino says that there is a global manufacturing recession. Are central bank interest rate hikes coming to an end? Iaccino also weighs in on how equity and commodity markets are impacted.
Coinbase (COIN) has created too much uncertainty to prudently project revenues in future years, according to Piper Sandler. Kevin Green discusses COIN as Piper Sandler expects 2-year lows in 2Q for quarterly trading volumes and monthly transacting user totals. Kevin also talks about how movement in bitcoin (/BTC) impacts COIN. Piper Sandler downgraded COIN to neutral from overweight. COIN is up 120% year-to-date. Tune in to find out more about the stock market today.
Tesla (TSLA) reports record China deliveries. TLSA sold 247,217 China-made cars from April to June. Renita Young discusses TSLA, as well as Rivian (RIVN) whose shares continue their Monday rally. RIVN announces the rolling out of Amazon (AMZN) Electric Delivery Vans in Germany. There will be 300 vans debuting in Germany, over 1,000 to be used. RIVN is up for sixth straight day. Renita also goes over how D.A. Davidson raised RIVN's price target to $18 from $11. Tune in to find out more about the stock market today.
Macau reports June casino revenues up 513.19% year-over-year. Chad Beynon discusses the outlook for the casino and gaming sector. He talks about how Macquarie initiated coverage of Gambling.com (GAMB) with an outperform rating and a $13 price target. GAMB is a provider of digital marketing services in the online gambling industry with its principal focus is on iGaming and sports betting. He talks about how GAMB is a leading player in the online gambling affiliate space. He then goes over casino stocks to keep on your radar. Tune in to find out more about the stock market today.
Nio Inc. (NIO), XPeng (XPEV), and Li Auto (LI) reported 2Q delivery results. Caroline Woods discusses this as NIO delivered 23,520 vehicles in 2Q, which is down from 25,059 last year. XPEV delivered 23,205 vehicles in 2Q, representing a quarter-over-quarter growth of 27%. XPEV reports sequential growth in June deliveries. Caroline also talks about how Fidelity National (FIS) shares are rallying on the Financial Times report of a possible Worldpay spin off. Tune in to find out more about the stock market today.
Tesla's (TSLA) price cuts implemented early in 2023 have paid major dividends, notes Dan Ives. Renita Young discusses TSLA as it reports 2Q deliveries and production numbers. Its deliveries came in at 466,140, which is up 83% year-over-year. She talks about how Deutsche Bank and Canaccord Genuity have a buy rating on TSLA while Goldman Sachs has a neutral rating and JPMorgan has an underweight rating on the stock. Dan Ives' Wedbush note also states that TSLA is still on track to hit its 1.8M-unit delivery bogey for the year. Tune in to find out more about the stock market today.
Tesla (TSLA) is to report deliveries this week and we will see the impact of the discount that they have started to offer as well as other incentives of the tax credit, notes Kevin Green. He talks about how we will see if it had a meaningful impact on not only production numbers, but delivery number. He discusses how TSLA is expected to report global deliveries of 445,000 vehicles from April to June. He also highlights that TSLA is up over 112% year-to-date. Tune in to find out more about the stock market today.
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j*j*bbjbbb*>Aug 4th Reply
Mattel is finally bringing life into their brands and expanding it into modern times via Netflix and films. I look forward into researching more about its stock.