Schwab Network

Microsoft (MSFT) cut 9,000 workers from its company in what Christopher P. Davis calls a "capital allocation decision." He says the Mag 7 giant is "the leader" of the mega cap companies and seeks to maintain its lead through cloud strength and enterprise acceleration. However, Christopher sees Oracle (ORCL) "nipping at the heels" of Microsoft when it comes to price. =...

Matt Maley says that when there are big market scares in the spring, they often come back to bite traders in the fall. “I’m a little less bullish than I think some people are.” He thinks investors should put some cash on the sidelines for a bit and makes the argument why. “The ones with cash on the sidelines aren’t the ones who sell at the bottom – it’s the ones who are fully invested.” ======== S...

Joe Hegener thinks the market will hit highs in the second half of the year, but likens conditions to a “game of musical chairs.” One of his hot takes is that the euro won’t exist in ten years – he thinks the Eurozone will look substantially different in the next decade as populist sentiment sweeps through its members. He also says that traditional automakers will “go the way of the Blackberry,” a...

John Lonski and Daniel Zhao give their perspective on the job market after the ADP employment report posted a surprise negative. John expects rates to fall as jobs weaken and says tariffs could have a bigger economic impact than expected. Daniel notes his firm Glassdoor’s employee confidence survey has hit lows, and also expects the jobs market to keep weakening. He argues that if the economy was...

Several quantum stocks like Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and IonQ Inc. (IONQ) rallied after Cantor Fitzgerald initiated coverage with buy ratings. George Tsilis notes the risk-reward outlook remains highs for the stocks, but warns investors not to get lost in the industry as it becomes crowded. ======== Schwab Network ======== Empowering every investor and trader, every market...

Hayley Berg previews 4th of July travel trends. She expects 4% more flights year over year, as well as busier roads. Rental car prices are up, but not as bad as we’ve seen. The most popular destinations include New York City, Seattle, and Miami – but people are also traveling internationally. “Prices are down almost across the board” for international flights, she notes. She also gives some of her...

How much money is too much money for Meta Platforms (META) to spend on A.I.? Andy Swan with LikeFolio tackles that question by looking at the company's extensive history with acquisitions, including Meta's $1 billion purchase of Instagram in 2012. Andy offers his thesis on why investors can "buy dips until further notice." ======== Schwab Network ======== Empowering every investo...

Gerald Pascarelli and Nick Raich break down Constellation Brands (STZ) earnings, which missed expectations on the top and bottom line. Nick notes that the guidance is “less bad” than it was last quarter, suggesting the worst may be behind it from here. Gerald notes that the guidance is calling for a trend reversal that he’s not sure they can pull off, especially after a weaker June. ======== Schwa...

Aaron Brachman thinks the economy is generally in a good spot and the Fed is doing “exactly the right thing.” He thinks inflation is “mostly under control” and unemployment is still “pretty low” despite the negative ADP employment report this morning. Thus, he argues it would be “kind of silly” to cut rates right now and give up leverage over the economy for later. ======== Schwab Network ========...

On today's Big 3, TheoTrade's Don Kaufman offers three bearish takes and example options trades. He sees a "long road to the downside" Oklo Inc. (OKLO) until it posts profits. Don adds that Meta Platforms (META) will continue its reversal into the red and sees the iShares MSCI Japan ETF (EWJ) falling as investors "underprice" tariff risk. Rick Ducat dives into the chart...

David Goodsell sees a “substantial change” in U.S. investor sentiment as people turn more cautious. Inflation is the #1 concern he sees. People are saving less, and half of investors don’t expect to benefit from future policy changes. Many are looking for safety – and many think AI is a bubble waiting to burst. However, investors still expect to make gains on their long-term investments this year....

Sam Altman, CEO of OpenAI, called Meta Platforms (META) CEO Mark Zuckerberg's A.I. recruitment efforts "distasteful." Jeff Pierce gives investors a closer look into the commentary and explains what's driving Altman to speak out now. Despite the feud, Prosper Trading Academy's Scott Bauer believes Meta's stock is "reasonably priced" even as it trades just off all...

Ben Bajarin considers Apple (AAPL) a "pinnacle of innovation" for hardware. He believes investors want to see that same innovation on the software end, particularly through A.I. and Siri. He sees potential partnerships with Anthropic or OpenAI as ways Apple can elongate its A.I. cycle. Ben also discusses why Apple may be trying to sell more Macs and iPads into its fall hardware launches....

Garrett Melson says the real story on the tax bill is it won’t be as supportive for growth as the government is claiming. He thinks the impact of tariffs might be less than feared but says we’re “not quite out of the woods” on the labor market after a negative print from the ADP this morning. “The big story is that [labor falling] is not really a function of trade and tariff policy,” he argues, bu...

Centene (CNC) sold off more than 30% at the opening bell after withdrawing full-year guidance. Diane King Hall talks about how the "big, beautiful bill" plays a pivotal role in that downside price action. Big banks like JPMorgan Chase (JPM), Goldman Sachs (GS) and Morgan Stanley (MS) boosted their dividends as they see rosier growth outlooks. Diane later notes an earnings mover in Conste...

Private payrolls in the latest ADP employment report ticked to the downside, which Alex Coffey suggests can send a stronger signal to the FOMC to cut interest rates. One strange green shoot seen at the opening bell: Tesla (TSLA), which rallied despite its underwhelming vehicle deliveries for the second quarter. Alex later turns to Big Tech as a whole and talks about its role in driving market stre...

After the Senate narrowly passed the latest version of President Trump's "big, beautiful bill" on Tuesday, the House will start discussions today. Sandra Swirski says pressure is on for the GOP if they're to meet Trump's self-imposed July 4th deadline. She talks about what she sees as consumer-friendly initiatives the bill pushes, such as opening investment accounts for babie...

Tesla's (TSLA) 384,000 vehicle deliveries in the second quarter didn't meet all analyst expectations, but investors brushed off their metrics. Jenny Horne talks about how this rally can be thinner than as it appears on the surface and how growth compares to EV competitors. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minut...

Following a price target hike from JMP Securities to $440, Rick Ducat zooms out to the 5-year chart for a "cup and handle" pattern taking shape on the chart for Carvana (CVNA). He explains the formation, why it is significant and then demonstrates the 1-year uptrend on CVNA shares taking place right now. Later, Rick composes a neutral to bullish options trade using an example put vertica...

Thierry Wizman examines the current levels for the U.S. dollar and assesses the probability of a multi-year decline in dollar strength. He says that weakness "may not be over right now" as global central banks adjust policy and global trade adjusts to a new tariff policy. Thierry also posits that the dollar weakness could be a sign of a dent in "American exceptionalism." ======...

Tsvetta Kalenyska says social media sentiment for Apple (AAPL) has been busy this week as the company considers adding Anthropic or OpenAI to help power its revamped Siri offering. Just in the last 7 days, she says some posts indicate a "concern" over AAPL's privacy and they see a "competitive pressure" mounting for the iPhone maker. Tsvetta adds that potential tariff price...

Redburn downgraded Adobe (ADBE) to a sell rating a day after Figma files for an IPO. Rachel Dashiell discusses the technical patterns on ADBE's chart, looking at the software company's overall downtrend. She says shares are in a "repair" mode now, hovering near its 50-day moving average. Rachel sees upward resistance still ahead, but points to the RSI study posting higher-lows as...

The rotation trade has been on the minds of traders and investors to begin the 2nd half of 2025. Tom White joins Diane King Hall to dissect the trading patterns observed so far in the holiday-shortened week. For the S&P 500 (SPX), Tom's watching stocks trading above their 50-day moving average. He also highlights the "golden cross" taking place for the SPX, which could signal som...

Former Mizzou Tiger and president of 329 Services, Kenge Stevenson, talks about how explosive pricing has grown for NBA teams. The Los Angeles Lakers just sold for $10 billion. Kenge offers his own experiences to explain why valuations for teams soared in recent years. Private investment firms are also capitalizing on the trend. ======== Schwab Network ======== Empowering every investor and trader...

The SPX and NDX stalled their all-time high runs as most mega caps struggled to rally on the session. Tesla (TSLA) was the biggest laggard of the Mag 7 after CEO Elon Musk openly criticized President Trump's "big, beautiful bill." China EV companies like BYD Co. (BYDDY), XPeng (XPEV) and NIO Inc. (NIO) all posted strong vehicle sales that add pressure against Tesla. Apple (AAPL) shin...