Schwab Network

Meta (META) and Alphabet (GOOGL) reportedly agree to a multimillion dollar cloud services deal. Brett Crowther examines recent chart activity in META shares, highlighting near-term support around $732 and resistance at $750 as shares have fallen from all-time highs earlier in the month. For a longer-term look, Brett uses a 1-year chart and says the RSI momentum indicator isn't necessarily show...

Joe Brusuelas kicks off Morning Movers with a deep dive into the Federal Reserve ahead of Chairman Jerome Powell's highly-anticipated Jackson Hole speech. He says one theme that could arise from his address includes a symmetrical targeting around the Fed's dual mandate: price stability and maximum employment. Additionally, Joe believes the independence of the central bank will be another k...

Photronics (PLAB) is a legacy tech company that David Trainer says has gone completely unnoticed by Wall Street for what he considers as a key role in the A.I. space. He points out its photomask development as critical to building chips. As for its financials, David adds that it continues to post solid growth and trades at a cheap P/E compared to peers. While he considers the company an "unde...

Retail earnings are rolling in, but beneath the surface, there may be warning signs for the broader market. John Grace breaks down the mixed earnings reports from Ross Stores (ROST) and Walmart (WMT), highlighting concerns over consumer debt, tariffs, and the potential for a market correction. With household debt near all-time highs, Grace sees similarities between today's market and the lead-...

Most stocks closed lower as many investors trimmed exposure ahead of Fed chair Jerome Powell's Jackson Hole speech. The same was seen in the biggest stock movers, including Walmart (WMT), which sold off following a rare earnings miss. Meta Platforms (META) made headlines after freezing A.I. hiring after offering expensive pay packages to its latest round of "superintelligence" recrui...

Joe Mazzola of Charles Schwab talks about the "broadening out of weakness" seen in Thursday's trading session. It comes ahead of Fed chair Jerome Powell's highly anticipated speech at Jackson Hole. As the FOMC balances inflation and jobs prints, Joe doesn't see Powell giving many hints toward an immediate direction of action during his speech. Michelle Gibley says it's no...

While the SPX closed lower on Thursday's session, Kevin Green notes the index held compression, a signal of strength in an otherwise down day. He also analyzes the options flow and explains how an influx of calls shows expectations for Fed chair Jerome Powell to hit the bullish mark in his Jackson Hole speech. The U.S. dollar has also gained traction while Fed Funds futures have fallen. ======...

Nancy Vanden Houten breaks down the labor market and Fed policy ahead of Jerome Powell's speech at Jackson Hole. She sees jobless claims as a "noisy" data point, but notes if the current level of claims persists, it could signal labor market softening. She expects Powell to acknowledge inflation concerns and potential downside risks to the labor market. She also discusses the risks o...

Fed Chair Powell's Jackson Hole speech looms large for markets, with investors keenly awaiting his take on the economic outlook and the framework review. Brian Jacobsen expects Powell to strike a balanced tone, acknowledging labor market "fractures" while maintaining a hawkish bias on inflation. Jacobsen sees a 75% chance of a September rate cut, with the potential for two more cuts...

What will markets focus on as earnings season comes to a close? It's the question Ted Weisberg poses to investors, noting that the current period of sector rotation tailing the season is always a difficult time for investors to navigate. He sees big pharma serving as one corner of the market to benefit as some investors move away from tech. Ted still sees opportunity in Meta Platforms (META),...

Jenna Stauffer and Odeta Kushi weigh in on the state of the U.S. housing market. Despite challenges with affordability, they see glimmers of hope in recent trends. Stauffer notes that while the housing market remains in "gridlock," there are signs of a more normalized and healthier market on the horizon, including a more modest pace of price appreciation, homes sitting on the market for...

June 2025 saw the highest M2 levels ever, something Rebecca Walser considers an economic alarm. She gives an extensive explanation into rising debt and stock valuations creeping higher as major headwinds for the Fed's interest rate cutting cycle. As the Trump administration pressures the FOMC to cut rates, Rebecca sees accelerated cuts backfiring against consumers. ======== Schwab Network ====...

Nick Patience says Palantir's (PLTR) price-to-earnings ratio is "quite out of whack." He thinks the recent stock pullback was beyond warranted and makes the case that Palantir isn't the "game changer" it portrays itself as. Nick notes strong competition from the Mag 7 and other software companies serving as a critical headwind against Palantir. ======== Schwab Network =...

Meta Platforms (META) makes a sharp shift in its aggressive hiring spree by suddenly ending it. Dozens of people were recruited for the Meta's "Superintelligence" team and received pay packages worth millions of dollars. Sam Vadas guides investors through the latest headlines and explains how the Mag 7 aims to "steer the ship" in the A.I. industry. She thinks Meta may now t...

Ahead of Ross Stores (ROST) earnings report, Likefolio's Andy Swan examines sentiment around the retailer, citing high tariff exposure risk and a challenging consumer landscape. With TJX Companies (TJX) setting a high bar with its recent earnings beat, Swan says Ross Stores will need to "come out guns blazing" to impress investors. ======== Schwab Network ======== Empowering every in...

Walmart (WMT) shares took a hit after its mixed quarterly report, but Jacob Aiken-Phillips sees it as a "good buying opportunity" despite a messy quarter. He notes that the company's e-commerce and digital businesses continue to accelerate, and its supply chain strength will help it navigate ongoing tariff pressure. Bea Chiem adds that Walmart's scale gives it a significant buffe...

While Prosper Trading Academy's Charles Moon questions some of the recent market behavior, he maintains conviction in today's Big 3. He sees Applovin (APP) making an upside run if it holds $420, Texas Instruments (TXN) continuing post-earnings "bullish behavior," and Bullish (BLSH) making a breakout back to its IPO highs. Rick Ducat runs through the key levels he believes are imp...

Roy Behren isn't surprised to see more mergers and acquisitions under the Trump administration. He talks about how his firm's merger arbitrage investment strategy to capitalize on those deals. He explains how the method removes significant volatility while avoiding downside risk. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Marke...

Workday (WDAY) beat on earnings over its last four quarters. Can it do it for a fifth consecutive time after the bell Thursday? Sam Vadas notes the company's efforts to integrate A.I. into its platform but makes the case it needs to show more of a competitive moat for the stock to run higher. She points out the cloud sector's underperformance compared to tech peers as a reason for concern...

Steven Dickens says Zoom (ZM) needs to capitalize more on A.I. if the stock is to get anywhere near its pandemic highs. He adds that if Zoom builds a platform similar to Microsoft's (MSFT) Teams or Alphabet's (GOOGL) Google suite, it can become an outperformer in the agentic A.I. space. Steven later turns to Oracle (ORCL), which he is "absolutely bullish" on due to its growth pos...

A.I. hopes shined bright in a pair of upgrades to start Thursday's session. H.C. Wainwright upgraded CoreWeave (CRWV) to buy from hold and has a price target that's nearly double the stock's current price, while Morgan Stanley upgraded HP Enterprise (HPE). One of the steepest down arrows came from Coty Inc. (COTY), hitting 4-year lows when investors saw blemishes in the beauty brand&#3...

All sectors in the SPX started Thursday's trading session in red after Walmart's (WMT) earnings created some concerns in the market. He also turns to volatility and how investors are beginning to show signs of mid-term fear. On tech, Kevin turns to technicals showing the industry's fall and potential rebound as it nears a key resistance level. ======== Schwab Network ======== Empowerin...

Charles Schwab's Liz Ann Sonders says the "wattage turned up" on retailers and tariffs. She notes Thursday's Walmart's (WMT) earnings and Home Depot's (HD) report earlier in the week to explain the divergence on tariff impact and the added focus investors are placing on the industry. On A.I., Liz Ann adds that we're still early on in the tech's development. She sa...

Walmart (WMT) was under pressure after its earnings Thursday when it showed a rare earnings miss. However, as Jenny Horne notes, the company raised its full-year outlook. She talks about Walmart's extensive report and the signal it issues for the retail space and markets as a whole. On the A.I. front, Jenny explains Meta Platforms' (META) hiring freeze after it shelled out millions of doll...

The European Union is inching toward a trade deal with the United States with a 15% price tag on tariffs. Kevin Hincks talks about the bright spot it offers in the one of the most intensive ongoing discussions. Meanwhile, China is pinning pressure on Nvidia (NVDA) on reports that it is restricting sales of its H20 A.I. chip. Kevin later turns to Jackson Hole as the symposium starts to get underway...