Schwab Network

Gary Shields calls this a “normalization year” and thinks the market can continue to move higher driven by AI. He doesn’t see any underlying signals threatening the rally, citing factors like liquidity, strong balance sheets and strong earnings. He argues that AI is structural, not cyclical, and the difference between this and other cycles like the dot-com bubble is that AI companies are actually...

R. “Ray” Wang and Ryan Shrout preview what to watch in Nvidia (NVDA) earnings. Ray says this report could be a “reset” for the AI trade on both sides. Ryan is watching for comments around future products and next-gen chip specs. He’s also looking for customer demand metrics for its Reuben chips. Ray comments on what China revenue could look like and Jensen Huang’s plans for the future. ======== Sc...

John Campbell is equal-weight Nvidia (NVDA) ahead of its earnings, balancing a string of phenomenal earnings with market worries. A beat and bullish commentary could bring the entire market higher. He “loves” the 493 and believes the broadening of the market is “real.” He likes Fabrinet (FN), which works with Nvidia, Urban Outfitters (URBN) which has earnings this week, and StoneX Group (SNEX), wh...

A "reckoning" in software stocks has very real fears of agentic AI upending businesses, says Hatem Dhiab. He labels Intuit (INTU) as one example. Hatem considers Salesforce (CRM) a more nuanced story, expecting some parts of the business to see little to no effect. He then turns to the Mag 7 by explaining watch in Nvidia (NVDA) earnings and concerns on Tesla's (TSLA) AI-centric futur...

Ben Connard discusses the Fed’s path forward and the housing market picture. He thinks we still are seeing who will benefit from AI; he likes Alphabet (GOOGL), highlighting the ways they are outpacing Microsoft (MSFT) and how they are winning in chips and AI models. He thinks investors could see “double digit returns” over the next few years out of GOOGL. He also likes Home Depot (HD) and Ulta Bea...

Landon Swan talks about his firm's recent data on Salesforce (CRM) following the stunning sell-off in shares. He points to the general SaaS stock selling as overblown and expects Salesforce to bounce on its earnings. However, Landon still sees AI threats and margins as concerns for the company's long-term outlook. ======== Schwab Network ======== Empowering every investor and trader, every...

Laura Ullrich of Indeed notes the seasonal job-seeking surge in January, while job openings themselves stayed flat. She describes a surge in the first weeks of January before a fall off through the rest of the month. She also saw more white collar roles being posted while retail pulled back. Leverage has returned to employers and they’re being more cautious about filling roles, she argues. Laura a...

Mark Gibbens and Melissa Otto preview Salesforce (CRM) and Snowflake (SNOW) earnings before they report postmarket. Melissa says “all eyes” will be on their AI strategies and guidance. She focuses on operational expenses and efficiency measures. Mark notes that Salesforce in particular has been a bellwether before, and thinks it has a real chance to “prove that the wheels aren’t falling off the so...

Chris Greiner, CFO of Zeta (ZETA), walks through their latest quarter and their strategic partnership with OpenAI. He says the collaboration is building the most important product in their company history, called Athena, which will allow for voice command. They expect to roll Athena out in beta next month. 4Q saw revenue growth of 25% and 24% growth in super-scaled customers. “AI’s been native to...

Gold has room for another bid, according to TheoTrade's Don Kaufman, who offers a bullish options trade for the SPDR Gold Shares ETF (GLD). However, he has bearish options trades for the iShares Bitcoin Trust ETF (IBIT) and Apple (AAPL). Don explains the moves behind his Big 3 while Rick Ducat offers his technical analysis for all three names. ======== Schwab Network ======== Empowering every...

Anthony Saccaro sees the consumer “cracking a little bit,” and says where we go from here depends on what happens to the consumer. The softening labor market of the last few years is impacting spending, hitting GDP – and putting the Fed “in a pickle.” He thinks the economy is “late cycle.” Anthony notes that wage inflation is very sticky after unusual strength in the labor market a few years ago....

Since the start of 2026, Workday (WDAY) shares have fallen 40%. Earnings and a slew of downgrades didn't help the outlook picture, as Marley Kayden runs through the metrics in the report analysts took issue with. Prosper Trading Academy's Scott Bauer rounds out the bearish perspective with a put spread example options trade for Workday. ======== Schwab Network ======== Empowering every inv...

"This is not just an important day for Nvidia, but an important day for the tech sector," says James Demmert. With Nvidia (NVDA) reporting earnings after Wednesday's closing bell, he believes CEO Jensen Huang needs to discuss a clear roadmap for the company that includes guidance and addressing a constrained supply chain. While China remains a key question mark, James calls the curre...

Charles Schwab's Kathy Jones sees a steeper yield curve in the future of fixed income following President Trump's State of the Union address. She later explains how inflation will serve as the key catalyst. Michelle Gibley tackles the tariff front and highlights headwinds they face in Asian countries like China and Japan. ======== Schwab Network ======== Empowering every investor and trade...

Barry Knapp reacts to the State of the Union address and covers what comes next for trade policy. He thinks the U.S. might have the upper hand in trade, as China will have difficulty sending its exports elsewhere as other countries build up their own manufacturing industries, but notes that the fight has only just begun. Barry walks through Fed dynamics with an incoming Chair, and thinks they need...

Options are pricing around a 4% to 5% move in Nvidia (NVDA) following its earnings, says Kevin Green when looking at the implied volatility. However, it's not the earnings themselves that can ignite volatility, but the guidance and call afterward. He explains how Nvidia can shatter a "gridlock" constraining Wall Street. Elsewhere in the tech stack, KG talks about the continuing weakn...

Is software a “lost industry” with the AI revolution? Steven Wieting explains the SaaS-pocalypse and examines the dispersion of AI’s impact; he likes cybersecurity still. He thinks energy and utilities will be the strongest sectors of the year, mostly from powering AI. Steven also continues to see strength in semiconductors, though he notes “a lot of idiosyncratic risk” in Nvidia (NVDA). He highli...

Kevin Hincks opens the show with a simple thought: Where does all of the massive capital expenditure spending go? Nvidia (NVDA) is his answer. He and Nicole Petallides describe the significance of Nvidia's earnings release to the overall market, the tech sector and the hyperscaler customers for Nvidia. Later, he addresses President Trump's economic policy announcements during the State of...

Erin Gibbs focuses on Ralph Lauren (RL) ahead of earnings, saying it executes better vs its peers and calling it a “well structured and well-financed stock and company.” She also sees them benefitting from the newest round of tariffs since their suppliers are mostly in Vietnam. She thinks it can easily gain another 10% this year. ======== Schwab Network ======== Empowering every investor and trade...

Shares of Salesforce (CRM) descended to a new 52-week low on Monday, but its 4Q earnings event could look to reverse that trend. Rick Ducat maps out the key technical trends weighing on shares of CRM as it looks to rebound from early 2026 weakness. Later, Rick demonstrates an example options trade using a bearish-leaning call vertical strategy. He reveals the risk-reward setup for such a trade and...

For the next 5-7 years, Jay Pelosky believes the U.S. will see a "gradual de-rating" of the nation's credit rating which could lower P/E multiples, raise interest rates and weaken the U.S. dollar. This is all part of his thesis that the U.S. is adopting former emerging markets policies in governance, which he calls "unsustainable." He continues to see opportunities in Asia,...

TJX Companies (TJX) topped 4Q earnings estimates but Kyle Bergacker calls it "a bit muted, a little bit of a letdown." He examines the trade-down effect taking place among higher-income consumers, and believes TJX remains a "treasure hunt" for some shoppers. However, he notes that the labor market picture could impact consumers' spending powers moving forward, forcing them...

$190 has been a key level to watch for Nvidia (NVDA) says Kevin Green. He provides a deep-dive preview on the highly-anticipated earnings event from the leading AI semiconductor name. KG adds thoughts on Pres. Trump's State of the Union address, Workday's (WDAY) slide after earnings and HP Inc. (HPQ) falling after disappointing guidance. For Wednesday's S&P 500 (SPX) levels to watc...

Kevin Horner dials up the chart of "Big Blue" and tries to make sense of the recent selling seen in IBM Corp. (IBM). Following news of Anthropic's latest COBOL capabilities with its Claude AI, shares of IBM slide 13% on Monday–it's biggest single session drop of this millennium. Kevin looks at the long-term support significance of the $225 level and shows how dramatic this week&#...

Paramount Skydance (PSKY) makes another move in its bid for Warner Bros. Discovery (WBD), a story Marley Kayden and Sam Vadas believe investors shouldn't miss from Tuesday's session. Also on their radar: consumer confidence and the tick higher following a sharp drop in January. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market...