Schwab Network

When it comes to today's Big 3, Dan Deming explains why he's "cautiously optimistic" on Uber Technologies (UBER) for a bullish run. He notes Valero Energy's (VLO) opportunity to capture further upside even as the energy sector lags. Walmart's (WMT) higher lows give him confidence the retail giant can reach new all-time highs. Dan offers example options trades for his Big...

James St. Aubin thinks the unemployment rate could rise in the next few months, previewing his view of the August jobs report and the Fed’s potential rate cut decisions. He cites high recent grad unemployment, but says it is more “sector specific” than cyclical, meaning the Fed may have less control over the dynamic. “It doesn’t seem like there’s a strong case not to cut right now,” he adds, but t...

"Momentum of labor market is flat on its back," says Ben Emons. Following August's ADP Employment Change data revealing a weaker number, he believes it indicates "at least a 25bps" rate cut but if Friday's August non-farm payrolls number is much weaker it could signal a bigger cut. Ben discusses how the latest labor market data will play a central role in the Fed's...

Lululemon (LULU) isn't far off its 5-year low. However, other retail companies like Macy's (M) and American Eagle Outfitters (AEO) rallied strong off their recent report. Marley Kayden talks about Lululemon's ability to follow, noting its sales strength in China is expected to continue even as U.S. foot traffic slowed. Joe Tigay turns to an example options trade for Lululemon. ========...

Matt Tuttle considers Broadcom (AVGO) a "must own" A.I. chip stock, alongside Nvidia (NVDA). He'll focus on the company's margins and VMware, believing they serve as indicators for Broadcom's future growth. That said, Matt is nervous when it comes to valuation, arguing that Broadcom "almost needs to have a cure for cancer" for the stock to push higher. Tom White off...

Thierry Wizman sees a “generally lackluster labor market,” reacting to the ADP report this morning and previewing tomorrow’s jobs report. He argues that the Fed will probably still cut rates this month, anticipating the unemployment rate ticking higher as hiring slows. “There’s an underlying tone of inflation” that hasn’t been reflected in CPI data yet, Thierry adds. He thinks the Fed will approac...

Figma's (FIG) first earnings report after its public trading debut was met with a steep sell-off. Diane King Hall discusses what it means for other IPOs that hit the market this year and those still ahead, including Klarna's next week. HP Enterprise (HPE) ticked slightly higher after it posted record second quarter revenue. Diane looks at analyst moves in MoffettNathanson and its upgrade f...

After Thursday's jobs data came in weaker than expected, Kevin Green points out the "defensive" moves he's watching in SPX sectors. He talks about how data ahead can affect that rotation in today's session and those still ahead. Kevin later directs attention to the 10-year treasury yield and how it continues to hover around key levels. ======== Schwab Network ======== Empower...

Brad Roth says tomorrow’s jobs report will decide whether the Fed cuts rates this month. “We just don’t want anything to come out that would give the Fed reason to pause.” He thinks that traders are hesitating to be “fully risk-on,” pointing to inflows into Treasuries and gold, as well as a lack of market breadth. “It’s almost exhausting how much we’ve talked about the Mag 7,” Brad says, but too m...

Challenger job cuts ticked higher and ADP private payrolls came in lower than expected — both signals of a weakening labor market. Kevin Hincks talks about the data and what it means for the FOMC's September meeting. If Friday's jobs data also comes in weak, Kevin makes the case that the Fed could cut interest rates by 50bps. ======== Schwab Network ======== Empowering every investor and t...

Salesforce (CRM) beat earnings and boosted its fiscal 2026 guidance. It still wasn't enough for investors as the stock sold off following the report. Alex Coffey talks about the role A.I. has and how it serves as a significant headwind and tailwind for Salesforce's growth. Meanwhile, American Eagle Outfitters (AEO) rallied more than 25% ahead of Thursday's opening bell. The company cre...

Even with ADP Employment and Jobless Claims data, Chris Versace says the latest ISM Services print will help determine Thursday's trading activity. Ahead of Friday's non-farm payrolls print, he believes looking at revised jobs numbers from the summer paint a picture of a continued slowing in the labor market. For the Fed's rate cut odds, Chris says it's "going to come down to...

Broadcom (AVGO) earnings will be the marquee postmarket earnings report after Thursday's close. Tom White swings by to show the stock's run-up over the past year. He underlines the 50-day moving average being a significant indicator for AVGO shares and points to a widening gap in the 200-day moving average. Later, Tom composes an example trading strategy for Broadcom. He uses a call butter...

Kicking off Thursday's coverage, Kevin Green has his eyes on the bond market domestically and internationally. He highlights the 4.2% level as key point to watch for the U.S. 10-year treasury. KG adds that it's appearing more "50/50" odds that there could be 75bps of rate cuts in 2025. Later, he discusses the run higher in gold prices citing central bank purchases and geopolitica...

Ahead of Lululemon (LULU) earnings, CFRA's Zach Warring stops by Morning Movers to help preview the athleisure retailer's report. His firm has a Strong Buy rating and $375 price target on LULU going into earnings. Zach discusses the company's tariff exposure and the overall retail sector reaction to ongoing international trade uncertainty. Shares of LULU are down nearly 50% year to dat...

UnitedHealth (UNH) shares have bounced off of recent 52-week lows. Kevin Horner examines the recent turnaround on the 60-day chart, highlighting near-term support near $295 with bullish upside potential testing at $325. On a longer-term chart, Kevin maps out the significant downside move over the last year, particularly after its 1Q earnings report. He circles the 20 & 50-day moving averages a...

The SPX and NDX closed higher on the day thanks to Alphabet (GOOGL), which rallied 9% after a U.S. district judge ruled the company does not have to divest its Google Chrome browser. Salesforce (CRM) sold off after hours despite posting an earnings and revenue beat, along with a raise on guidance. On the retail front, Dollar Tree (DLTR) slid on the session while Macy's (M) rallied big on earni...

Salesforce (CRM) shares are falling despite a strong earnings beat, as investors focus on lackluster guidance and a growing concern that the company may not be able to accelerate growth. Tom Essaye breaks down the numbers and shares his key takeaways, including the impact of AI on the SaaS industry and what Salesforce needs to do to turn things around. ======== Schwab Network ======== Empowering e...

World Liberty Financial's token "WLFI" began listing on several crypto exchanges this week. The biggest holder of WLFI? The Trump family. Jenny Horne and Adam Lynch look into the latest crypto trends this week, including an update from the SEC & CFTC. Plus, Jenny and Adam look at historical performance trends for Bitcoin as the month of September begins. ======== Schwab Network =...

Salesforce (CRM) posted a 2Q earnings and revenue beat, while raising fiscal 2026 guidance. The stock still moved to the downside as investors may have an issue with that raised guidance falling in-line with Wall Street's estimates. American Eagle Outfitters (AEO) rallied strongly off its earnings. Marley Kayden, Alex Coffey, and Kevin Green take a closer look into the reports and analyze why inve...

When it comes to today's trading action, Charles Schwab's Kathy Jones attributes part of the "choppy" day to a rise in layoffs seen in the JOLTS report. Additionally, she talks about how the Beige Book shook the bond market as investors saw potential for "stagnant or slower growth." Joe Mazzola adds how the price action is pulling investors back toward the Mag 7. He dis...

Dan Deming covers the commodities market. He argues that central banks now own more gold than U.S. treasuries for the first time in 30 years, both because of the threat of lower rates and U.S. debt levels. It hit another record high today, and he thinks momentum is still to the upside. The U.S. dollar weakened after the JOLTS report, and Dan thinks that it is “coiling” in a range. He thinks crude...

The SPX held a key area of support at 6,400, but Kevin Green adds that weakness chipped away at the index throughout the day. Holding the 20-day SMA will prove critical, as a multi-day break below the metric can open a trap door to steep selling action. Kevin then analyzes volume in the SPX, also showing downside action over the past few trading sessions. On the 10-year yield, he's expecting a...

Jillian DelSignore from Nasdaq recaps their August retail trading flows. She notes two themes of interest: flows into sectors like cybersecurity & AI, which she argues are “digital utilities,” and flows into banks, with “strong, strong momentum” behind the KWEB ETF. Jillian also explains aggressive flows into QQQI as she discusses what retail traders were buying in August. She explores educati...

When it comes to the earnings front, Jed Ellerbroek will closely watch Broadcom's (AVGO) report after the close on Thursday. While A.I. hardware stocks continue to captivate investor interest, Jed still expects that "baton pass" of excitement to eventually reach software. He weighs how evolving technology can either hurt or help existing software companies but sees some benefitting greatly. Jed ha...