Schwab Network

James Boyd of Charles Schwab says Airbnb (ABNB) is more tightly correlated to crude oil moves than investors realize. He outlines the short-term price action of the stock and compares it to crude to highlight why. James also notes a bull case for Airbnb if the stock can stay above $160. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market...

Friday's trading session is starting with some reprieve thanks to a tick lower in crude oil and Treasury yields. Tom White sets expectations for investors ahead of the opening bell. On the AI trade, he explains why Morgan Stanley is reiterating its top pick in Nvidia (NVDA), with Tom discussing why hyperscaler CapEx is important to keep in mind moving forward. Also on his radar: adjustments to...

A lot of what is happening in equities right now has a lot of similarities to 1994, says Gina Martin Adams, pointing out a booming economy and a Fed raising interest rates as the central points. The steady rise in Treasury yields adds to signs of strain for equities, as Gina points to sectors at the greatest risk of volatile moves. ======== Schwab Network ======== Empowering every investor and tra...

Accenture (ACN) closed as the S&P 500 (SPX) leader on Thursday's session following earnings, while Nike (NKE) investors looked for a clear jump in a turnaround story in its earnings. Paramount Skydance (PSKY) sold off as it looks to close its merger with Warner Bros. Discovery (WBD) in the coming days. Marley Kayden carries investors through the top stories of the trading day. ======== Sch...

Alphabet (GOOGL) and SpaceX (SPCX) take what both companies consider a big step for AI's expansion into the final frontier. On Earth, Oracle (ORCL) signs a multi-billion-dollar deal with Tencent. Marley Kayden and Sam Vadas discuss their top takeaways of Thursday's session. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minu...

Michael Lohan, CEO of IDA Ireland, says foreign direct investment has been transformational for Ireland's economy across technology, semiconductors, healthcare, and fintech. US multinationals like Pfizer (PFE), Microsoft (MSFT), Alphabet (GOOGL), Apple (AAPL), Meta Platforms (META), Johnson & Johnson (JNJ), and Eli Lilly (LLY) have operated there for decades, with Intel (INTC) investing a...

Yogesh Gupta, CEO of Progress Software (PRGS), says the company delivered strong earnings with EPS above guidance, cash flow up 17% year over year to over $87 million, and a 43% operating margin. He recently completed the acquisition of Domo, a roughly $300 million business that brings consumption-based AI use cases and real-time data integration to power AI agents grounded in factual data. He say...

A disconnect continues to widen between diesel prices and fuel production, says Adam Lampe. He addresses how gasoline price spikes are a "consumer problem " while diesel is an "economic problem" as a part of his explanation. Adam adds that the U.S.'s tentative ban on diesel exports will create many more headwinds than tailwinds domestically and across the globe. ======== Sc...

Brace for October seasonality, or lack thereof, in crypto, says Jim Farraioli of Charles Schwab. He makes the case that Bitcoin and Ethereum's recent rally will raise the bar for the cryptocurrencies to make a steeper run higher. Jim adds more insight into the race to bolster regulation for crypto assets and how investors are seeing it as a "rebirth in the debasement trade." ========...

Jamie Harrison, head of ETF Capital Markets at MFS Investment Management, says active management is resonating as investors seek to diversify away from historic concentration in passive products tracking a handful of stocks. He highlights new short duration fixed income ETFs for rate-sensitive clients and sees compelling opportunities in international and emerging markets. He advises staying inves...

Susan Spence of the ISM Manufacturing PMI says the September report was steady but prices leapt 6.8 percentage points back to levels not seen since the start of the Iran war. She flags production down for a second straight month and tariff uncertainty as concerns, while noting 23 consecutive months of broader economic growth. She sees no industrial revolution in manufacturing but says the AI data...

David Trainer is making what he calls his "boldest call ever" that the AI bubble "is about to pop" due to liquidity squeezes. New market dynamics from increased inflation and Treasury yields are key components backing David' bear case. He adds that IPO valuations in companies like Anthropic, OpenAI, and SpaceX (SPCX) don't make sense when examining balance sheets and pu...

Ivan Feinseth says Micron (MU) posted an incredible quarter with revenue up over 250% and earnings up over 800% as memory demand far exceeds supply. He sees a long investing cycle ahead and names Nvidia (NVDA), Intel (INTC), and SanDisk (SNDK) as core AI infrastructure picks, while viewing the MongoDB (MDB) pullback and Microsoft (MSFT) recovery as buying opportunities. He also likes Meta Platform...

LikeFolio's Megan Brantley says Nike (NKE) demand is rising but off a very low bar, with about a third of its U.S. catalog on sale and promotional activity accelerating. She sees running lines like Vomero and Pegasus as the brightest spot as Nike courts runners back from Hoka and On Holding (ONON), while lifestyle, sneakers, and Jordan Brand continue to struggle. LikeFolio's earnings senti...

Jay Mehta says resilient GDP and cooling PCE make a stronger case for a soft landing, but soft labor market internals and rising long-term yields create a core tension for investors. He sees consumer fatigue as the biggest risk and stresses selectivity as elevated yields pressure valuations. He remains positive on AI infrastructure, where revenue growth is building despite high discount rates. ===...

"There's no denying" Micron (MU) earnings were "fantastic," says Logan Gilland, who believes the company's report demonstrates long-standing need for AI memory. However, any subtle demand decline is something he sees hitting the stock already "priced for perfection." Angelo Zino agrees that the earnings delivered a strong bull case, though the stock's lack...

Rahsaan Shears, AI enterprise transformation leader at KPMG US, says corporate America is shifting from experimentation to enterprise-wide AI deployment, driven by stronger governance and growing trust. She points to productivity gains, faster decision making, and the rise of multi-agent systems as evidence that leaders are pulling ahead of companies still stuck in pilot mode. She also notes that...

Dan Deming focuses on rising software giants and existing hardware mega caps for Thursday's Big 3. He sees Cloudflare's (NET) steady rise as favorable for the stock's momentum, likes ServiceNow (NOW) as the company expands its customer base, and believes Nvidia (NVDA) will push into new record highs. Dan offers example options trades for his picks while Rick Ducat offers his technical...

Morningstar Wealth's David Swartz says Nike's (NKE) turnaround remains slow after two years, with North America stabilizing but Greater China still posting double-digit sales declines. He's watching for inventory improvement and signs that restrictions on franchisee online selling in China can restore full-price sales. Tom White demonstrates an example trade using Nike. ======== Schwab...

A lower PCE print still has a key issue of long-lasting inflation hitting other key data points, says Joe Mazzola of Charles Schwab. That will have trickle-down effects on U.S. consumers. He warns that investors also need to navigate a new quarter poised to see volatility from midterm elections and a high earnings bar. As for the reaction to Micron (MU) earnings, Joe notes AI strength across the b...

There's no clear signs that Micron (MU) demand, nor that of its peers, is slowing down any time soon. The company's earnings showed an 11-fold increase in data center revenue with guidance offering little weakness. Marley Kayden outlines the key metrics behind Micron's revenue surge and explains why analysts are beating the drum on the company's outlook. Joe Tigay offers an example...

Thierry Wizman says long-end yields are rising as governments and hyperscalers flood the market with debt to finance AI infrastructure buildouts. He expects the Fed to hold in October but warns that energy and food price spikes could force another hike. On currencies, he sees high oil as unambiguously good for the dollar and bad for the euro, sterling, and yen. ======== Schwab Network ======== Emp...

Wayne Kaufman says the market is entering the sweet spot of the presidential cycle and recommends staying overweight tech. He believes investors are underestimating the AI buildout, pointing to surging high bandwidth memory demand and data center capacity near full. His top picks include Taiwan Semi (TSM), AMD (AMD), Microsoft (MSFT), and Western Digital (WDC). ======== Schwab Network ======== Emp...

Accenture (ACN) shares soared after its earnings report, which Diane King Hall attributes to success in the company's plans to capture AI demand. Goldman Sachs added Amazon (AMZN) to its conviction list and set a $375 price target for the stock after the Mag 7 giant penned a 20-year deal with Constellation Energy (CEG). Diane notes that Wells Fargo added Microsoft (MSFT) to its tactical ideas...

Thursday's "strong" jobless claims print sets the bar a little higher for Friday's September jobs report, says Kevin Hincks. One point of concern for equity investors lies in Treasury yields and their steady rally. The 10-year yield knocked on the door of 24-year highs heading into the trading session. Kevin addresses how the moves in fixed income create an unsteady foundation fo...