Morning Call

Target reports earnings this morning after warning of a potential revenue slump back in May. Keybanc’s Bradley Thomas previews the results. Plus, commercial real estate may be at risk as the U.S. assesses its credit rating. Marcus & Millichap’s Hessam Nadji discusses. And, the markets have been declining so far this week amid a seasonal rough patch. Van Lanschot Kempen’s Anneka Treon and ProShares...

Home Depot reports earnings this morning following back-to-back quarters of misses. D.A. Davidson’s Michael Baker previews the results. Plus, Saudi Arabia and the UAE have reportedly purchased Nvidia chips in pursuit of their AI ambitions. RBC Capital Markets’ Rishi Jaluria breaks down the AI stock winners and losers. And, futures are pointing towards a lower open after a mixed session yesterday....

Goldman Sachs is forecasting for the first Federal Reserve rate cut to come in the second half of next year. NewEdge Wealth’s Ben Emons explains. Plus, Mastercard is out with its latest SpendingPulse survey, showing the consumer remains strong. Mastercard’s Michelle Meyer discusses. And, what’s ahead for the new trading week? Harrison Street’s Christopher Merrill weighs in. Hosted by Simplecast, a...

Markets are poised for a mixed open as Wall Street awaits the July PPI print. Principal Asset Management's Seema Shah, Van Lanschot Kempen's Anneka Treon, and Infracap's Jay Hatfield discuss. Plus, retailers are gearing up for a busy week of earnings, with Walmart, Home Depot, and Target all set to report. Oppenheimer's Brian Nagel previews the results. And, striking writers in Hollywood will retu...

July CPI is out this morning and is expected to show that the pace of price increases is easing. Citi Global Wealth’s Steven Wieting discusses. Plus, Disney shares are higher after the company posted a mixed quarter, where it beat on EPS but missed on revenue and subscriber estimates. Citigroup’s Jason Bazinet dives into the report. And, demand for weight-loss drugs continue to surge, with Novo No...

Bank stocks are getting hit hard due to Italy's proposed windfall tax and Moody's downgrade of several regional lenders. The New York Times' Kate Kelly explains. Plus, oil prices are rising following weaker-than-expected Chinese inflation data. RBC's Helima Croft discusses. And, Disney reports earnings after the close today, with ESPN's new partnership with Penn Entertainment now front and center....

UPS reports earnings this morning as investors look for commentary on margins, volume, and the cost of labor negotiations. Bernstein's David Vernon lays out the set-up. Plus, it's been a rough few days for Apple since the company reported quarterly results. D.A. Davidson's Tom Forte explains. And, with futures pointing towards a lower open, how much further can this year's rally go? Wall Street Al...

Tech is coming off a big week of earnings, with Apple notching its worst single day performance of the year. Arete Research's Richard Kramer discusses the outlook. Plus, oil prices are holding steady after Saudi Arabia and Russia pledged to continue production cuts for another month. Kpler's Matt Smith explains. And, Chinese authorities are reportedly putting pressure on local experts to avoid dis...

Amazon shares are rising on an earnings beat, while Apple shares are falling following another quarter of revenue declines. CFRA’s Arun Sundaram and Synovus Trust’s Dan Morgan discuss. Plus, the monthly jobs report is out today, with economists expecting employers to have added 200,000 net new jobs last month. ZipRecruiter’s Julia Pollak explains. And, Saudi Arabia is extending its oil output cut...

Apple and Amazon report earnings today following a heavy sell-off in the tech sector yesterday. Neuberger Berman's Daniel Flax and R5 Capital's Scott Mushkin preview the results. Plus, the markets are still digesting Fitch's downgrade of the U.S.' credit rating. RBC Brewin Dolphin's Janet Mui and Bondbloxx's Joanna Gallegos discuss. And, what's in store for the trading day ahead? UBS Private Wealt...

Markets are lower after Fitch Ratings downgraded the U.S. credit rating from AAA to AA+. WisdomTree's Aneeka Gupta and Evans May Wealth's Brooke May discuss. Plus, Starbucks shares are dipping after a mixed second quarter. Bank of America's Sara Senatore explains. And, it's been a mixed picture for restaurants this earnings season. First Watch CEO Chris Tomasso weighs in on what he's seeing with h...

Uber reports earnings this morning amid a rally for the stock so far this year. D.A. Davidson's Tom White lays out his expectations. Plus, investors are gearing up for the start of a new trading month. Potomac Wealth Advisors' Mark Avallone and Crossmark Global Investments' Victoria Fernandez discuss. And, halfway through earnings season, commentary on the state of the American consumer remains mi...

Markets kick off the busiest week of earnings season with a key focus on Apple and Amazon. Wedbush’s Dan Ives previews the results. Plus, China stocks are higher on hopes of a government-backed economic stimulus. KraneShares’ Brendan Ahern discusses. And, what’s in store for the final trading day of the month? Delancey Wealth Management’s Ivory Johnson and Matrix Asset Advisors’ David Katz weigh i...

Intel is sharply higher this morning after reporting second quarter results that topped estimates. Counterpoint Research's Akshara Bassi breaks down the results. Plus, Ford is pushing back production targets for its electric vehicles and recalling more than 870,000 F-150 trucks in the U.S. Wall Street Journal's Tim Higgins discusses. And, oil prices are lower this morning after briefly trading abo...

Meta shares are popping after the company reported an 11% increase in revenue. Cleo Capital’s Sarah Kunst breaks down the results. Plus, PJM Interconnection has declared a Level 1 emergency ahead of what’s expected to be this summer’s first major northeastern heatwave. Keybanc’ Sophie Karp explains the impact on utility stocks. And, McDonald’s reports earnings today following Chipotle’s mixed quar...

Wall Street is bracing for the latest monetary policy decision by the Federal Reserve, where a 25 basis point increase is all but certain to come. Milken Institute’s William Lee discusses. Plus, Microsoft and Alphabet shares are heading in opposite directions following yesterday’s earnings reports. Clockwise Capital’s James Cakmak breaks down the results. And, outside of traditional assets, are RE...

The Federal Reserve kicks off its latest policy decision meeting today, where it’s widely expected to resume its historic rate hiking campaign. The New York Times’ Jeanna Smialek discusses. Plus, Microsoft and Alphabet kick off earnings season for mega-cap tech this week. Hargreaves Landsdown’s Sophie-Lund Yates previews the results. And, UPS and the Teamsters are headed back to the negotiating ta...

The U.S. economy is bracing for what could be the costliest labor strike in a century between UPS and more than 300 thousand union workers. Bernstein’s David Vernon describes the stock impact. Plus, outside the typical sectors, emerging markets may be an up-and-coming play. Morgan Stanley’s Amy Oldenburg explains. And, this weekend’s “Barbenheimer” premiere gave the summer box office and movie the...

Weak economic data in China in spurring worries about deflation in that country. Former Morgan Stanley Asia Chairman Stephen Roach discusses. Plus, a growing number of companies are incorporating AI into their corporate strategies. Zebra Technologies CEO Bill Burns explains what his company is doing. And, markets are approaching what could be a major inflection point with the Nasdaq 100’s rebalanc...

Netflix shares are falling after the company beat earnings estimates but missed on revenue. Citigroup’s Jason Bazinet discusses. Plus, Tesla’s stock is also trading lower despite the EV maker posting record quarterly revenue. Canaccord Genuity’s George Gianarikas explains. And, a slew of regional banks are set to report quarterly results today following strong reports from the big banks. KBW’s Chr...

Netflix reports earnings after the close today as investors look for insight into the impact of the company’s ad-supported tier and password sharing crackdown. Wolfe Research’s Peter Supino discusses. Plus, Tesla is also gearing up to post results amid a massive rally for the stock. ROTH Capital’s Craig Irwin explains why he’s still bearish on the name. And, Goldman Sachs closes out a busy few day...

Investors are bracing for another batch of big bank earnings before the opening bell today. JMP Securities’ Devin Ryan breaks down his expectations. Plus, it’s been a summer of labor unrest across the country. American Enterprise Institute’s James Pethokoukis explains. And, June retail sales are out this morning, offering insight into the consumer and inflation. Apollo Global Management’s Torsten...

Beyond some high-flying names, a number of other stocks are hitting fresh highs. CIC Wealth’s Malcolm Ethridge breaks down the trades. Plus, Microsoft has stuck a deal with Sony to keep “Call of Duty” on PlayStation as it pushes for its acquisition of Activision Blizzard. Big Technology’s Alex Kantrowitz weighs in on the news. And, investors are awaiting a busy week on Wall Street as earnings seas...

Investors are bracing for what’s shaping up to be a very tough earnings season for the country’s biggest banks. Argus Research’s Stephen Biggar lays out his expectations. Plus, actors in Hollywood are officially on strike after failing to reach a deal with producers. The Benchmark Company’s Matthew Harrigan discusses what this means for media stocks. And, Fed governor Christopher Waller says he’s...

June’s cooler-than-expected CPI print is prompting questions about the next steps for the Federal Reserve. Wells Fargo Senior Economist Sarah House and Former Acting CEA Chairman Tomas Philipson discuss. Plus, earnings kick off this week with focus on Delta Airlines today following continued flight disruptions this summer. Jefferies’ Sheila Kahyaoglu previews the results. And, the transports indus...