Schwab Network

Brad Conger thinks consumers will bear the brunt of tariff costs and expects discretionary spending power to get hit in the coming months. He hopes that the U.S. “won’t punish the good guys,” like Japanese automakers or foreign drugmakers like Novo Nordisk (NVO). He also notes that China has the “willingness and ability” to support its economy if tariffs hit harder than anticipated. Brad runs thro...

Steven E. Orr finds Palantir (PLTR) overvalued right now and is looking for it to pull back to $100/share. He feels the same about Nvidia (NVDA), citing market FOMO. Royal Caribbean (RCL) is a favorite from the past few months. “This is a total stock picker’s market,” he says, and that means investors should be digging deeper into specific company fundamentals. He considers Alphabet (GOOGL) the mo...

“A lot of times when we get a scare in the spring, we get a bigger scare in the fall,” warns Matt Maley. He thinks investors should have a “little bit more cash on the sidelines” into the back half of the year. He gives areas of the market he’s watching, including banks and Ethereum (/ETH). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Ma...

Wedbush's Dan Ives, the tech mega bull of Wall Street, returns to The Watch List to talk all things A.I. He continues to credit Elon Musk for Tesla's (TSLA) success and urges the "board can't be asleep at the wheel" when it comes to offering his pay package. Dan adds that Tesla's biggest disruption is yet to come through robotaxi. He elaborates on his $160 price target fo...

MP Materials (MP) rallied more than 40% after the company entered a partnership with the U.S. Department of Defense. It's a landmark deal as the U.S. doubles down on breaking dependency on China for rare earth materials. Jeff Pierce talks more on why the stock saw such explosive movement to the upside and its tie to the tech trade. ======== Schwab Network ======== Empowering every investor and...

Gen Z doesn’t just need to see a product, it needs a community around a product, Dana Telsey argues. She explains how this changes the marketing game, and how social media companies like Meta’s (META) Instagram have driven the disruption. She also discusses how brands are working with influencers and celebrities to attract attention. Dana lays out potential headwinds for retail as tariffs hit, but...

Likefolio’s Megan Brantley shares their data on Costco (COST). She sees signs that customers are upgrading to their highest-tier membership as the stores become more popular and crowded. “What a brilliant model that Costco’s created,” she marvels. She also notes a surge in monthly active users on its app. Megan discusses consumer health and how Costco is staying competitive in the retail market. =...

Nick Raich and Sheraz Mian set out expectations for the 2Q earnings season. Sheraz notes that the start of the quarter coincided with the “punitive level of tariffs,” creating uncertainty, but says estimates stabilized in May and June. “The picture is a lot better than the growth rates would suggest,” he argues. Nick says a lot of market participants don’t believe Trump will follow through with hi...

Dory Wiley has lower growth expectations for 2Q and the second half. He expects the banks to do well this quarter, however, as they kick off the season next week. He’s looking to credit quality and loan demand statistics to gauge the tone for the rest of the market. He thinks the latest wave of tariff news will make the Fed hesitate in cutting rates as it waits for the fallout. Right now, Dory see...

Prosper Trading Academy's Scott Bauer turns to software on today's Big 3. Scott explains his perspective behind example options trades on Palo Alto Networks (PANW), Autodesk (ADSK), and Datadog (DDOG). Rick Ducat analyzes the chart trends for all three stocks. ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve risks and are not suitable...

The Fed is waiting for something to break before issuing interest rate cuts, according to David Stryzewski. He argues unemployment claims tapping a 30-month low can be one trigger for the Fed if more weakness comes through the jobs and inflation picture next week. As the U.S. dollar slumps, David points to Bitcoin's all-time high rally as a counterbalance to its 4-year weakness. He also believ...

Netflix (NFLX) gains even more momentum from analysts after JPMorgan and Needham boosted price targets on the streaming giant. J.D. Durkin points out that shares have been on a "rocket ship" over the last quarter ahead of its earnings next Thursday. He believes investors are seeing Netflix as an "Elite 8" stock. Dan Deming gives investors a neutral to bullish example options tr...

Tyler Ellegard says Meta Platforms (META) is a buy even as it trades just off all-time highs. He sees the Mag 7 giant's ad revenue as a prime growth driver that will continue to accelerate over the next couple of years. Tyler adds that CEO Mark Zuckerberg's efforts to "poach" A.I. talent can pay off if Meta becomes a "first mover" in the space. Tom White offers bullish...

Nvidia (NVDA) closed above $4 trillion market cap for the first time on Thursday. CEO Jensen Huang's visit to China can be the next catalyst to boost its shares even higher, according to Jenny Horne. Appetite for A.I. remains strong, as Jenny notes AMD Inc.'s (AMD) massive rally off April lows. She later focuses on Tesla (TSLA) and its lowered price target from Golman Sachs. The firm sees...

Levi Strauss (LEVI) didn't just beat earnings, but also raised guidance, which Diane King Hall largely attributes to the stock's rally this morning. She talks about the business decisions from leadership that helped Levi win for the quarter. Morgan Stanley, JPMorgan and Piper Sandler all raised prices target for Amazon (AMZN) with bullish expectations of a friendlier ecommerce environment....

"Underappreciated parts of the rally" are now getting traction, says Alex Coffey, pointing out small caps and the RUT muscling strength. He talks about other indices by looking into a "sideways" SPX and the possibility of an intraday recovery on today's session to all-time highs. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscr...

“Behind the scenes,” Eric Kelly is hearing discussions about tariffs, but everyone needs more time to see the impact. He’s only a little bit long tech now because of this uncertainty. “Capex intentions have just plummeted,” he says. For later in the year, he thinks that “If the Fed can start moving…it sets the stage for us to make a broader play into small caps.” ======== Schwab Network ======== E...

President Trump suggested 35% tariffs on Canada, hitting futures in the premarket on Friday. Kevin Hincks talks about the weakness off all-time highs but adds a reversal may be coming with next week's earnings and economic data. Big banks like JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS) will kick off the third quarter earnings season. Kevin later tuns to Bitcoin hitting a...

JPMorgan Chase (JPM) reports earnings next week and will be among the "big bank" stocks to unofficially kickoff a new earnings season. Rick Ducat highlights key technical levels to watch on the 1-year chart before Tom White demonstrates an example options trade. Tom pieces together a call diagonal strategy with a bullish tilt factoring in a potential upside move post-earnings. ======== S...

Patrick Ryan says small and mid-caps could benefit from the "One Big Beautiful Bill" potentially offering investors an opportunity as major indexes hit new all-time highs this week. He provides the valuation argument for the smaller cap stocks and why Fed interest rate cuts could also help out stocks down the spectrum. Patrick then explains the tariff impact on domestic versus internatio...

Scott Devitt and his Wedbush team share insights from a recent Digital Ads survey. He reveals a largely positive backdrop for the overall digital advertising space addressing companies like The Trade Desk (TTD), Pinterest (PINS), Amazon (AMZN) and more. For Meta Platforms (META), he says the company is entering a "different phase" now spending millions of dollars to bring in talent for t...

It's Friday on Wall Street and J.D. Durkin joins Morning Movers with more tariff news, Bitcoin (/BTC) at new all-time highs and equity futures trying to make sense of it all. President Trump announced 35% tariffs on Canada which would begin on August 1st a day after reports that the pharma space could see 200% hikes on its industry. J.D. and Diane later discuss the overnight leap in Bitcoin pr...

Goldman Sachs cuts its price target on Tesla (TSLA) to $285 from $315 and maintains a neutral rating on the EV maker. Rick Ducat discusses the technical roadmap for its recent trading range. Rick points to a rising wedge pattern that is under threat as shares test the lower levels of that area. He circles $275 as a "sticky" price point that could be an area traders look to for support. =...

All major indices except the NDX closed higher, with the SPX tapping another new all-time high. The airlines led trading activity thanks to strong earnings from Delta Airlines (DAL). It, alongside United Airlines (UAL) and Southwest Airlines (LUV), were the three leaders in the SPX. AMD Inc. (AMD) rallied after getting an upgrade from HSBC. Coinbase (COIN) hit a 4-year high despite a double downgr...

Steel galvanizer, AZZ Inc. (AZZ), rallied to a new all-time high off strong earnings and raised guidance. Charles Schwab's Ben Watson takes a closer look into the company and why today's move is so significant in an overlooked industry. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork....