Schwab Network

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...

Brian Glenn, CIO of Premier Path Wealth Partners, says the market sits at all-time highs despite over half of S&P names being in bear market territory, with $6 trillion in AI-related CapEx through 2030 still searching for ROI. He sees pharma as a key AI beneficiary, noting Roche's 3,500 Nvidia (NVDA) chips speeding drug discovery, and highlights Alcoa (AA) as a cheap pick at eight times ea...

Nike (NKE) shares are at historic lows as the legacy athletic wear company struggles to find footing in its turnaround story. Rick Ducat shows the stock's stark selloff and the downward funnel forming in the chart ahead of earnings Thursday. He turns to an example options trade for Nike. ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve ri...

Invesco's Charlie Rose sees "a lot of downside risk" to investing in AI data centers, a contrarian take among broader Wall Street views. While this corner of the market is something he says offers short-term growth opportunities, the long-term outlook is a different story due to "binary risk." Charlie adds that the climb in Treasury yields raises warning flags for the real...

The fourth quarter is officially underway on Wall Street. George Schultze recaps the volatile third quarter and how it sets the stage for a "mixed stock market" to close out the year. He then addresses the "big question" for Micron (MU) after the company posted strong earnings: what happens when companies pull back AI spending? George believes the AI memory industry is at the &...

A strategic partnership between OpenAI and Synopsys (SNPS) sent shares of the latter company higher into Thursday's trading day. Charles Schwab's Ben Watson takes investors through the short- and long-term price action in shares to show where bulls can expect a tentative breakout. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Mark...

Markets inched higher heading into Thursday's trading session after Micron (MU) showed lasting earnings strength supporting the AI trade. However, Tom White points out concerns on the macro front he sees hitting a concentrated stock market. One of the biggest headlines: President Trump calling on EU leaders to release more diesel supply even as the U.S. weighs its own diesel export ban. Report...

September was "relatively calm" for Bitcoin and other crypto assets compared to past years, says Jim Ferraioli of Charles Schwab. That doesn't mean risks don't exist for crypto assets. Jim points to the Fed's interest rate hike, paired with ballooning U.S. debt, as key risks crypto investors need to navigate. Meanwhile, altcoins have recently outperformed against Bitcoin desp...

Micron (MU) became the biggest stock story of Wednesday's session due to its highly anticipated earnings. Boeing (BA) shares didn't lift off even after getting a $20 billion contract from the U.S. Navy. HPE (HPE) rallied after securing its first order of AMD Inc. (AMD) Helios rack deployments. Marley Kayden talks about the biggest movers of the trading day. ======== Schwab Network ========...

Core PCE moved markets Wednesday morning after the headline numbers came in lighter than Wall Street estimated. The tech trade saw multiple interesting headlines into Micron (MU) earnings, one of which being a tentative investment from TSMC (TSM) into Texas. Sam Vadas and Marley Kayden talk about their top takeaways on today's session. ======== Schwab Network ======== Empowering every investor...

Christopher Davis says equities showed remarkable resilience this quarter despite rising rates, AI slowdown fears, and weak market breadth. He notes 20% of the S&P 500 (SPX) fell 10% or more in September while 60 to 70% of stocks sit 20% below their highs, creating a rolling correction under the surface. He sees the Mag 7 reasserting leadership as a safety trade, with Meta (META) and Alphabet...

Micron (MU) closed out the third quarter on Wall Street with earnings that beat on every metric it reports on. Guidance also shows plenty of strength for Micron's forward momentum. However, the stock didn't move much from the unchanged line minutes following the closing bell. Marley Kayden, Sam Vadas, and Kevin Green explain how the lack of a CapEx outlook plus a sky-high bar for earnings...

Ryan Zurrer has three companies he believes are leading the new frontier of technology: SpaceX (SPCX), Anthropic, and OpenAI. On SpaceX, he sees a third of the company's revenue coming from AI compute and a quarter from Starlink, emphasizing its pivot toward AI as a critical move for the Elon Musk-led firm. Ryan adds that Anthropic's projected $100 billion run rate justifies the Claude par...

Mamadou Abou-Sarr, co-founder and president of V-Square Quantitative Management, says equities remain resilient with the S&P 500 up (SPX) about 2.8% for the quarter, driven by AI. He warns the 10-year yield above 5.3% could eventually overwhelm earnings growth, making a stronger case for active management and true diversification. He stresses that owning multiple asset classes isn't real d...

Stephen Schmidt, chief security officer for Amazon (AMZN), talks about how the Mag 7 giant is navigating the collision between AI and cybersecurity at scale. As Stephen discusses, the evolution of AI is forcing Amazon to change the way it reviews exisiting protections and how it creates new methods to fend off cyber threats. When addressing the AI safety discourse between companies like Anthropic...

Charles Schwab's Kevin Horner says the S&P 500 (SPX) is holding above 7,625 support with a potential pullback to 7,500 if it breaks. He sees Coinbase (COIN) building a bull flag off Bitcoin strength, with a move through 210 opening room to 230. He also flags Alphabet (GOOGL) tightening into a consolidation pattern, with a break above 335 signaling upside. ======== Schwab Network ======== E...

Todd Rosenbluth says ETFs have pulled in a record $1.5 trillion this year as investors increasingly use them as their default way to access markets. He highlights growing demand for active ETFs from BlackRock (BLK) and T. Rowe Price, plus thematic plays like the Global X Cybersecurity ETF (BUG). He also notes traditional firms like Northern Trust and Jensen are converting mutual funds into ETFs. =...

Stephen Sopko of HyperFrame says Micron (MU) is hitting on all cylinders with Q4 revenue expected above $50 billion. He's watching for signs that high bandwidth memory demand extends through 2027, as only Micron (MU), SK Hynix, and Samsung make HBM at scale. He sees the ITC patent complaint as legal noise, with price targets ranging up to $1575. ======== Schwab Network ======== Empowering ever...

SpaceX (SPCX) has seen plenty of success for its version 3 satellite launches, says ProcureAM CEO Andrew Chanin. The company's future space prospects, paired with real-time revenue generation from Starlink, offers what he calls a "tremendous opportunity" for its profit path. Andrew addresses the ways SpaceX is raising the landing pad for revenue expectations by lowering fundamental c...

LikeFolio's Megan Brantley says Visa's (V) spending momentum index flipped above 100 as more cardholders spend more than a year ago, mirroring the stock's 20% rally off April lows. She notes consumers feel worse than they have in 12 years per University of Michigan sentiment, yet actual spending data shows resilience in dining, retail, and travel. She sees no signs of a consumer slowdo...