Morning Call

JPMorgan will be buying most of First Republic's assets after the regional bank was seized by U.S. regulators. Steward Partners Global Advisory's Eric Beily and Douglas C. Lane & Associates' Sarat Sethi discuss the impact on the markets. Plus, big tech is leading stocks higher with bets on growth being the hottest trade on the street. Big Technology's Alex Kantrowitz breaks down what it means for...

Kansas has become the latest state to push back against ESG investing in a new bill passed this week. Kansas State Treasurer Steven Johnson explains why he supports the legislation. Plus, Exxon Mobil and Chevron are set to report results today, capping out the busiest week of earnings season. RBC Capital Markets' Biraj Borkhataria's discusses the outlook. And, Amazon shares are slumping despite an...

Meta shares are popping after the company posted an unexpected increase in sales and issued better-than-expected guidance for the current period. Hargreaves Landsdown's Sophie Lund-Yates explains what this means for the remainder of tech earnings. Plus, First Republic shares are hitting an all-time low as the bank struggles to stabilize its balance sheet, overcome a massive withdrawal in customer...

Microsoft shares are higher after beating revenue and earnings expectations for the third quarter. Oppenheimer's Timothy Horan breaks down the results. Plus, shares of Alphabet are also rising on its first earnings beat in more than a year. Arete Research's Richard Kramer discusses what this means for big tech. And, a new warning from Goldman Sachs says systematic money managers are more likely to...

Microsoft and Alphabet kick off a big week for tech earnings as investors assess the sustainability of the sector's rally this year. Third Bridge's Scott Kessler weighs in on the outlook. Plus, McDonald's will also report results today as restaurant stocks outperform the broader market. Bank of America's Sara Senatore explains what she's expecting. And, a string of key housing data is out this mor...

The busiest week of earnings season kicks off today, with a third of the S&P 500 and almost half of the Dow Jones set to report. Principal Asset Management's Seema Shah, Cleo Capital's Sarah Kunst, and KKM Financial's Jeff Kilburg discuss what to expect. Plus, Florida government agencies are intervening to address the ongoing gas shortage following severe rain and flooding last week. Again Capital...

Procter & Gamble is kicking off a lineup of earnings for consumer staples stocks as investors look for insight into spending trends. Goldman Sachs' Jason English lays out the sector's trade. Plus, Citigroup says it's premature to rule out the potential for a credit crunch in the U.S., with the bank noting it's underweight both investment grade and high-yield bonds. Sanctuary Wealth's Mary Ann Bart...

Tesla shares are lower after net income and earnings dropped more than 20% from last year. Morningstar's Seth Goldstein breaks down the results. Plus, existing home sales for March are out this morning, with many expecting a slowdown compared to February. Zillow's Skylar Olsen explains what's driving the competition. And, Swedish EV maker Einride has inked a deal with Pepsi to deliver two of its a...

Shares of Netflix are bouncing back after the streaming giant reported a mixed earnings pictured and announced the end of one of its key businesses. Raymond James' Andrew Marok explains the outlook. Plus, Tesla will report its results after the close today following news that it's cutting prices once again. Canaccord Genuity's George Gianarikas breaks down his expectations. And, investor fears are...

Netflix reports earnings today as investors look for insight on the streaming giant's subscriber growth following its ad-tier launch and password-sharing crackdown. Big Technology's Alex Kantrowitz breaks down his expectations. Plus, Goldman Sachs and Bank of America resume big bank earnings this morning amid concern over the health of the financial sector. Whalen Global Advisors' Christopher Whal...

Regional bank earnings are out this week on the back of turmoil that hammered a number of financial firms last month. KBW's Christopher McGratty gives his expectations. Plus, Saudi Arabia is looking to renew relations with a key Palestinian group and bring Syria back into the Arab fold. RBC Capital Markets' Helima Croft explains the latest. And, earnings season is kicking into full swing, with man...

Banks kick off earnings season today, with JPMorgan, Citi, and Wells Fargo all set to report. JMP Securities' Devin Ryan and Piper Sandler's Stephen Scouten break down what to expect. Plus, UNH is also gearing up to release numbers, with projected full-year revenues exceeding those of the big banks. Bernstein's Lance Wilkes explains the outlook. And, Wall Street is awaiting March retail sales for...

The Dow Transports continue to underperform in Q2 as fears of a freight recession due to lower consumer spending weigh on the sector. DHL Express Americas CEO Mike Parra explains what his business is seeing. Plus, the latest Federal Reserve meeting minutes show that several policymakers may be interested in pausing interest rate increases. The Wall Street Journal's Nick Timiraso discusses the outl...

The March CPI report is out this morning as investors look for signs that inflation is cooling. Moody's Analytics' Mark Zandi gives his expectations. Plus, Wells Fargo is warning that the resilience of U.S equities will be short-lived. Piper Sandler's Craig Johnson discusses his thoughts. And, a new note from Bank of America shows clients are continuing to unload stocks, with ETFs posting their bi...

Tech could be facing some potential headwinds following a 29% slump in PC sales for the first quarter. Big Technology's Alex Kantrowitz gives the outlook. Plus, investors are gearing up for earnings season as worries of a massive earnings decline loom on Wall Street. Delancey Wealth Management's Ivory Johnson explains the impact on the markets. And, as of last week, 106 companies in the S&P 500 ha...

Investors are getting their first real chance to trade on the back of Friday's monthly employment report. Silvercrest Asset Management's Robert Teeter, Wells Fargo's Sarah House, ZipRecruiter's Julia Pollak, and Invesco's Brian Levitt discuss the markets' week ahead. Plus, the U.S. Navy says one of its missile destroyers carried out operations in the South China sea earlier today. China Beige Book...

Taiwan is keeping a close eye on a Chinese aircraft carrier after China condemned the meeting between Taiwan president Tsai Ing-Wen and U.S. House Speaker Kevin McCarthy yesterday. Rhodium Group's Noah Barkin discusses the latest. Plus, Mastercard is out with its latest SpendingPulse data, showing spending growth increased by a smaller amount in March compared to February. Mastercard's Steve Sadov...

OPEC's surprise output cut is sending crude prices to their highest levels since January, but is this week's more than 11% pop enough to kick U.S. production into high gear? Earthstone Energy CEO Robert Anderson weighs in. Plus, Cleveland Fed President Loretta Mester says, despite some small inroads, there's still more work to do to lower inflation. Cadinha and Compnay's Kalei Cadinha-Pua'a discus...

Apple is higher this year, with the stock finishing Q1 with its best gains since Q3 of 2020. D.A. Davidson's Tom Forte explains what's ahead for the company. Plus, on the heels of crude's pop, the S&P 500 energy sector is coming off an almost 5% gain -- its best gain in six months. Cowen's Jason Gabelman discusses which stocks are best positioned. And, a new note from JPMorgan says the probability...

Oil prices are spiking after OPEC+ made a surprise production cut of more than one million barrels per day from the market starting in May. CIBC Private Wealth's Rebecca Babin gives the energy outlook. Plus, Taiwan's president is set to wrap up her visit to the U.S. through a meeting with House Speaker Kevin McCarthy and other top lawmakers. Longview Global's Dewardric McNeal explains the impact i...

As the markets' wrap up the first quarter of the year, two sectors are moving in opposite directions, with tech bouncing back and financials falling. Laffer Tengler Investments' Nancy Tengler and Piper Sandler's Stephen Scouten weigh in on how to trade the moves. Plus, Elon Musk and Apple co-founder Steve Wozniak are among tech leaders calling for a six month pause in the development of new A.I. t...

The communication services sector has been an outperformer so far this year, but there are signs of even more opportunity in the sector. New Street Research's Jonathan Chaplin and Bernstein's Mark Shmulik give the outlook. Plus, freight is moving in the other direction, with the Dow Transports underperforming the broader market due to tightening loan and credit conditions. GXO Logistics CEO explai...

The fallouts of SVB and Signature Bank are still rippling through the regional bank sector, but one bank is faring better than most of its peers. Univest Financial CEO Jeffrey Schweitzer explains his bank's outlook. Plus, Apple is officially making its latest venture into financial services with the launch of its Buy Now, Pay Later service. Zilch CEO Philip Belamant discusses the impact on his pay...

U.S. lawmakers are kicking off two days of hearings on Capitol Hill today to investigate the collapses of Silicon Valley Bank and Signature Bank. Former Deputy Treasury Secretary Sarah Bloom Raskin weighs in on what to expect. Plus, BlackRock says markets are wrong about the Federal Reserve's rate hiking campaign as the central bank remains firm in its fight against inflation. Horizon Investments'...

First Citizens Bank will buy a large chunk of Silicon Valley Bank as concern over the global banking crisis continues to weigh on Wall Street. Rathbone Investment Management's Ed Smith and JMP Securities' Devin Ryan explain the outlook. Plus, the tech sector has been among the major winners so far this year, with the Nasdaq up 13%. Sanlam Investments' Hannah Gooch-Peters discusses the recent perfo...