Julie Morgan
Appearances
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 26th. I'm Julie Morgan. The U.S. expands its blacklist. GameStop surges and GrabBuy is a go-to takeover. The Bureau of Industry and Security from the U.S. Department of Commerce has added 80 entities to its blacklist.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
American companies are barred from supplying to the blacklisted entities without government permits. This marks the first expansion to the entity list under the Trump administration. GameStop traded higher in post-market trading on Tuesday after disclosing its Q4 earnings report and announcing that it can start investing in Bitcoin.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Revenue fell 28.5% year-over-year for the quarter that ended on February 1st to $1.28 billion. The grapevine Texas-based company said selling, general, and administrative expenses were 22% of sales compared to 20% of sales a year ago. GameStop recorded net income of $131.3 million in Q3 versus a net income of $63.1 a year ago.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
EPS was $0.30 for the quarter versus an $0.08 consensus and $0.22 a year ago. On the balance sheet, GameStop ended the quarter with $4.76 billion in cash and merchandise inventory was reported at $480.2 million versus $632.5 million a year ago. GameStop had long-term debt of $6.6 million at the end of the quarter.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Notably, GameStop announced that its board has unanimously approved an update to its investment policy to add Bitcoin as a Treasury Reserve asset. GME is up 11% in pre-market action. Singapore-headquartered Grab is seeking a loan of up to $2 billion to support its potential takeover of Indonesia's go-to.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Bloomberg News reported that the so-called bridge loan could have a tenor of about 12 months and that Grab's talks with banks were in the early stages. The U.S.-listed ride-hailing and food delivery firm is also considering a bond or equity takeout after securing the bridge loan.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Grab, which is backed by Uber Technologies, has held on-and-off talks with GoTo, but a merger never materialized, partly because of antitrust concerns likely to arise from combining two of the biggest Southeast Asian tech companies. Now for a look at what's trending on Seeking Alpha. President Trump may reportedly impose copper tariffs ahead of schedule. Futures hit a record high.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
Canada halts Tesla rebate payments and moves to block future incentives. And IBKR says the stock market sell-offs may have washed out some buyers. On our Catalyst Watch for the Day, shareholders with intracellular therapies will vote on the acquisition offer from Johnson & Johnson. Shareholders with Accolade will vote on the acquisition offer from Transparent.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
And Dutch Bros will hold its Investor Day event. The company plans to highlight its growth strategy. Shares of Dutch Bros have seen strong rallies in the past after presentations by management. Now for a look at futures, ahead of the opening bell, Dow, S&P and Nasdaq futures are in the red. Crude oil is in the green, up 0.4% at $69 a barrel. Bitcoin is up 0.8% at $87,000.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
This includes over 50 from China and others from the UAE, South Africa, Iran, Taiwan, and other countries. The expanded blacklist aims to restrict China's ability to develop or buy high-performance computing chips or quantum technologies for military applications and to curb its hypersonic weapons program.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
In the world markets, the FTSE 100 is flat and the DAX is down 0.3%. On today's economic calendar, at 10 a.m., the Fed's Neel Kashkari will host a Fed Listens event conversation on labor market conditions, inflation, and how the Fed communicates and transmits monetary policy before the Detroit Lakes Regional Chamber of Commerce Economic Summit.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
And at 1.10 p.m., the Fed's Alberto Musalem will speak and participate in a moderated conversation on the U.S. economy and monetary policy before a Paducah area Chamber of Commerce luncheon. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
The newly blacklisted entities include 11 from China and one from Taiwan, engaged in advanced AI, supercomputers, and high-performance AI chips for China-based end users and closely linked to China's military-industrial complex. Another 13 entities from China were added for links to unsafeguarded nuclear activities and 27 more from the country for acquiring or attempting to acquire U.S.
Wall Street Breakfast
U.S. expands blacklist, tightens tech grip on China
origin items to support China's military modernization. In addition, seven entities from China were blacklisted for acquiring or attempting to acquire U.S. origin items to advance Beijing's quantum technology capabilities. And two were added for selling products already blacklisted, including Huawei and its affiliated entity, HiSilicon.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, February 26th. I'm Julie Morgan. Supermicro makes the deadline. Tesla's market cap falls. And China makes a big accusation against Taiwan. Supermicrocomputer is up 26% in pre-market action.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Tesla tumbled on Tuesday, pushing its market cap below $1 trillion for the first time since November 2024. The EV maker's stock fell 8.39%, closing at $302.80 on Tuesday, with the company's market cap now at $948 billion. The decline follows data from the European Automobile Manufacturers Association, which showed that Tesla's sales in Europe dropped 45% in January.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Tesla's shares have lost about 25% in value year-to-date, despite rising over 51% in the past year. Investors have also raised concerns over the CEO's alliance with President Trump and his political involvement. China has recently accused Taiwan of attempting to relinquish its semiconductor industry to the US to gain political leverage and support from Washington.
Wall Street Breakfast
Super Micro surges as delisting fears fade
This accusation was made by a spokesperson for China's Taiwan Affairs Office at a news conference in Beijing. Reuters reported that the spokesperson claimed that Taiwan's ruling Democratic Progressive Party is using the semiconductor industry to seek independence by relying on foreign countries, even offering it as a souvenir to the U.S.
Wall Street Breakfast
Super Micro surges as delisting fears fade
The accusations come amid reports that Taiwan Semiconductor Manufacturing, the largest contract chip maker and a major supplier to companies like Apple and Nvidia, has been in talks for a stake in Intel. The reports add that neither TSMC nor Intel have confirmed these reports, and Taiwan's government states it has not received any information about an overseas investment application from TSMC.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Now let's take a look at the trending stories on Seeking Alpha at this early hour. Alibaba's video and image-making AI tool is open to the public. President Trump says his meeting with Zelensky is on deck as the U.S. and Ukraine reach a tentative agreement on minerals. And Warner Bros. shutters three game studios and axes the Wonder Woman video game. On our Catalyst, watch for the day.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Notable investor events include 3M Company's Investor Day, Little Fuse's Investor Day, Deering Company's annual meeting with several shareholder proposals going to a vote, and International Money Express's Investor Day. Shareholders of Charter and Liberty Broadband will vote on their planned merger. Amazon will hold a product event.
Wall Street Breakfast
Super Micro surges as delisting fears fade
The tech giant is expected to announce a major artificial intelligence upgrade for its voice assistant, Alexa. There is also speculation that a new smart home product could be introduced. And NVIDIA will hold its earnings conference call. Options trading implies a 7% share price swing after the report is released.
Wall Street Breakfast
Super Micro surges as delisting fears fade
This after the company filed its delinquent financial reports to the U.S. Securities and Exchange Commission just ahead of its deadline. Shares of SMCI closed Tuesday 11.5% lower. There was uncertainty about whether it would file its audited annual report for fiscal 2024 and the first two quarters of fiscal 2025. by the February 25th deadline. If not, it faced a possible delisting from NASDAQ.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Notably, over the last two years, NVIDIA has seen its two biggest earnings day moves following the February release of the Q4 results. Fabrinet is the supplier that has had the closest trading correlation to NVIDIA over the last three years, moving in tandem with the chip giant 88% of the time. Now for a look at the markets today ahead of the opening bell.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Dow, S&P and Nasdaq futures are in the green. Crude oil is down 0.3% at $68 a barrel. Bitcoin is up 1% at $89,000. In the world markets, the FTSE 100 is up 0.6% and the DAX is up 1.1%. Workday is on our list of the biggest movers of the day pre-market. WDAY is up nearly 12% after the back-office software provider posted strong Q4 results and guidance, with revenue rising 15%.
Wall Street Breakfast
Super Micro surges as delisting fears fade
On today's economic calendar, at 10 a.m., new home sales. At 11 a.m., a survey of business uncertainty. And at noon, the Fed's Rafael Bostic will participate in a conversation on the economic outlook in housing before the Urban Land Institute's annual Housing Opportunity Conference. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Super Micro surges as delisting fears fade
To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Super Micro surges as delisting fears fade
In Supermicro's 10K filing, the company contends it does not agree with Ernst & Young's resignation or its reasons for doing so. Concerns about the company's financial statements cropped up in late August when Hindenburg Research issued a report that it was short Supermicro's shares. A day later, Supermicro said it was delaying its annual 10K filing.
Wall Street Breakfast
Super Micro surges as delisting fears fade
Supermicro works closely with companies such as NVIDIA, Advanced Micro Devices, and Intel to develop products that are compatible with the latest generation of industry-standard technologies. It also creates liquid cooling systems for GPUs and CPUs in data centers. Now an update to a story we first told you about on Tuesday on Wall Street Lunch with Kim Kahn.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 19th. I'm Julie Morgan. We're learning more about GM and Nvidia's partnership. Xiaomi is reportedly looking into expansion and a proxy fight at Autodesk. General Motors expects to see even more benefits from its long partnership with NVIDIA.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
Xiaomi also plans to add 5,000 more stores in China and build 20,000 home stores this year. In addition to building 500 overseas stores, expanding to 10,000 home stores overseas. The company's market share for mobile in China has increased from 5.2% in 2020 to 10.3% in 2024.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
starboard value is set to launch a proxy fight against autodesk the wall street journal reported this citing people familiar with the matter the report said that they're expected to push for an overhaul of the board starboard which has a 500 million dollar stake in autodesk plans to nominate a minority slate of director candidates ahead of the company's annual shareholder meeting
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
The activist has been pushing ADSK to improve margins and make board changes amid concerns over its stock underperformance and accounting issues. ADSK has declined more than 11% this year.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
Autodesk last year launched an accounting probe after disclosing that it had continued a controversial sales strategy through 2023, in which discounts were offered to customers willing to pay in advance for multi-year contracts.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
The Wall Street Journal reported that Starboard believes the company has not held anyone accountable for the accounting issues and is also concerned by its operational performance and full-year outlook. Now let's take a look at what's trending on Seeking Alpha. Tesla has been removed from the 2025 Vancouver International Auto Show.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
And Seeking Alpha is asking its analysts, how will the $32 billion whiz deal impact Google? On our Catalyst Watch for the Day, notable investor events include Quest Diagnostics Investor Day and Vertex's Investor Day. And the two-day Bank of America Global Industrials Conference will include presentations by Parker Hannafin, CACI International, and Allegiant.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
The Detroit automaker said it will collaborate on next-generation vehicles, factories and robots using AI, simulation and accelerated computing. In particular, the companies will work together to build custom AI systems using NVIDIA Accelerated Compute Platforms. GM will also build next-generation vehicles on NVIDIA's Drive AGX platform, which is based on the Blackwell architecture.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is down 0.6% at $66 a barrel. Bitcoin is up 0.9% at $83,000. In the world markets, the FTSE 100 is down 0.2% and the DAX is up 0.1%. Cargo Therapeutics is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
CRGX is up 21% after the company announced a 90% workforce reduction and the suspension of development for both CRG023 and its allogeneic platform. On today's economic calendar, at 7 a.m., MBA mortgage applications. At 10.30 a.m., EIA petroleum status report. At 2 p.m., the FOMC announcement will be released. And at 2.30 p.m., we'll hear from Jerome Powell.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
That's it for today's Wall Street Breakfast. Thank you so much for being here. Go out and make it a great day.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
A key initiative will be continuing to use NVIDIA's Omniverse with Cosmos for optimizing factory planning and robotics use cases. GM CEO said AI not only optimizes manufacturing processes and accelerates virtual testing, but also helps GM build smarter vehicles while empowering their workforce to focus on craftsmanship.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
Financial terms of the partnership between NVIDIA and General Motors have not been disclosed since the company started working together more than four years ago. Xiaomi Corporation is reportedly expanding the size of a planned second electric car factory in Beijing.
Wall Street Breakfast
GM deepens Nvidia partnership for next-gen vehicles
The company, better known for its smartphones, started construction of a second factory last year on a 131-acre parcel of land that it bought for $116 million. Bloomberg reported that production at that facility is set to start mid-year. Xiaomi Corporation has raised its full-year target for electric vehicle deliveries to 350,000.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, February 19th. I'm Julie Morgan. Nike picks its first ever partner for a new brand. Google has to pay up in Italy. And Lazy Boy expects impacts based on the housing market.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
However, the company says it's expecting continued challenging macro conditions, so they set conservative guidance that was below Wall Street's expectations. Buoyed by a 4% improvement in sales and widening operating margin, Lazy Boy realized a 1% increase in profits on a per-share basis and a penny above Wall Street's expectations.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Total revenue of $522 million was also better than anticipated, driving a 7% increase in same-store sales. Citing both the lingering challenges in the housing market and broader macro conditions, Lazy Boy expects Q4 sales to be in the range of $545 to $565 million, compared to $553.5 million in the same quarter last year and below the consensus estimate of $566.2 million.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Operating margin is targeted for 8.5% to 9.5% versus 9.1% last year. These estimates do not assume any negative impact from impending U.S. trade policy. Finally, the company said it will pay an unchanged quarterly dividend of 22 cents per share on March 14th to shareholders of record as of March 4th.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Now for a look at the trending articles on Seeking Alpha. RFK Jr. tells HHS staffers childhood vaccines and psychiatric drugs are on his radar. Elon Musk and Doge score victory against state AGs seeking to block access. And President Trump says a 25% tariff targeting cars, chips, and pharma imports is coming as soon as April 2nd.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Nike was the biggest gainer in the Dow Jones Industrial Average on Tuesday after announcing that a new brand called Nike Skims will launch this spring in the U.S. The collaboration with Kim Kardashian Skims will include training apparel, footwear, and accessories that Nike says combine the company's sports science with Skims' obsession for the female form.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
On our Catalyst Watch for the Day, the Cagney Conference will include presentations from PepsiCo, Altria, Molson Coors, and Philip Morris International. Notable investor events include Brightview Holdings' Investor Day and Lamb Research's Investor Day. And BioBio Technology is expected to start trading after the company prices its IPO.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Apple will announce the launch of a new product at a launch event. The announcement is expected to be conducted through a press release and promotional materials rather than a live stream keynote. A fourth-generation iPhone SE is widely expected to be featured at the event, although there is speculation about a new MacBook Air, new iPad Air, or a surprise reveal.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
JetBlue Airways will participate in a fireside chat at the Barclays 42nd Annual Industrial Select Conference. And United Airlines will present at that same conference. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red. Crude oil is up 0.7% at $72 a barrel. Bitcoin is up 0.5% at $96,000.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
In the world markets, the FTSE 100 is down 0.2% and the DAX is down 0.5%. Bumble is on our list of the biggest movers of the day pre-market. BMBL is down 15% after Q4 results revealed a decline in total average revenue per paying user to $20.58 from $22.64 a year ago, with Q1 2025 revenue projected to decline 7-10% year-over-year to $242-248 million, falling short of the $255 million consensus.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
On today's economic calendar, at 8.30 a.m., housing starts and permits. At 10 a.m., e-commerce retail sales. At 2 p.m., FOMC Minutes will be released. And at 5 p.m., the Fed's Philip Jefferson will speak on household balance sheets before an event hosted by Vassar College. That's it for today's Wall Street Breakfast. Thank you so much for joining us today. I'm Julie Morgan.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Notably, the development marks the first time Nike has partnered with an outside company to launch a new brand. Analysts have weighed in favorably on the upside for Nike, especially for the long term, on the view that it can add market share in a growing category.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
One Jeffries analyst said the firm views the Nike-Skims partnership favorably because it is a promising step forward in the fitness and activewear market. Shares of Nike gained 6.2% on Tuesday. Milan's prosecutors said they requested to drop a case against the European unit of Alphabet's Google after the company agreed to pay $340 million to settle a tax claim.
Wall Street Breakfast
Nike’s first-ever collab lifts shares
Reuters reported that the settlement spans the period between 2015 and 2019 and covers sanctions, penalties, and interest, the report added, citing a statement from prosecutors. Google did not immediately respond to a request for comment from Seeking Alpha. Lazy Boy reported better-than-expected results for the fiscal third quarter.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 12th. I'm Julie Morgan. Google reportedly looks to snap up an eye-tracking startup, a cryptic teaser from Palantir, and McDonald's is working on a new strategy. Google is reportedly nearing a deal to purchase AdHawk Microsystems.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
McDonald's is working on increasing traffic by speeding up the process from R&D to implementation with a new management team.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
According to the Wall Street Journal, McDonald's CEO has a new strategy for greater nimbleness in the innovation process, which includes the appointment of Jill McDonald as the burger chain's first chief restaurant experience officer and another person to lead the company's beverages and desserts business. McDonald currently heads up the company's European, Canadian, and Australian operations.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
In this position, she'll oversee innovation and technology improvements through the eyes of a restaurant general manager. The fast food giant has been dealing with shifting consumer tastes and rising costs that have inflated the price of a cheeseburger by 55% in just three years. Shares were down for a second day on Tuesday for a two-day total loss of 4.5%.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
Of course, I'd like to point out to you the trending articles that you can find on the homepage on Seeking Alpha. TSMC reportedly pitches an Intel Foundry joint venture to NVIDIA, AMD, and Broadcom. Elon Musk pledges to double Tesla's U.S. production amid support for Trump. And Roche and Zeeland Pharma enter a $5.3 billion license deal for an obesity treatment.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
a pretty short catalyst to watch for the day. Notable investor events include Cloudflare's Investor Day, and Starbucks will also hold its annual meeting, with CEO Brian Nicol making some dramatic changes at the company. Now let's get a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is up 0.5% at $66 a barrel.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
Bitcoin is up 1.1% at $82,000. In the world markets, the FTSE 100 is up 0.6% and the DAX is up 1.4%. Stitch Fix is on our list of the biggest movers of the day pre-market. S-Fix is up 19%. Shares soared after the company delivered strong fiscal Q2 results and an optimistic outlook. I've got one item to tell you about on today's economic calendar. You guessed it, CPI at 8.30 a.m.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
On a month-over-month basis, the CPI is expected to rise 0.3%, easing from a 0.5% pace in January. Likewise, the measure is expected to rise 2.9% year-over-year, down from the 3% rate in the prior month. Core CPI is expected to rise 0.3% month-over-month, down from 0.4% in January and increased 3.2% year-over-year versus the 3.3% pace in the previous month.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
According to Bloomberg, this could bolster its re-entry into the smart glasses or augmented reality headset market. AdHawk is a startup based in Canada that specializes in producing eye-tracking technology, which is crucial in developing augmented and virtual reality headsets.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
The report says Google intends to buy the company for $115 million, with an agreement completed possibly as early as this week. If the deal is completed, AdHawk would join Google's Android XR team. Palantir posted a 15-second teaser on X which points to some type of significant announcement on Thursday, March 13th. Yes, tomorrow. The teaser starts with a series of symbols around the number 6.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
The symbols include the Palantir logo, a four-pointed star, its AIP logo, and an hourglass. It then transitions to a clock starting at 5 and is headed towards an encircled 6. It features images of a sunrise or sunset, another of possibly a rising or setting planet, and of what appears to be a view of traveling at light speed through space.
Wall Street Breakfast
Google revisits AR with fresh set of eyes
One commenter said the six could be a reference to Palantir holding a sixth AIPCon. Last September, Palantir held its fifth AIPCon, which was livestreamed. It featured multiple companies and agencies presenting work they were doing with Palantir's artificial intelligence software platform.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, February 12th. I'm Julie Morgan. Supermicro rises pre-market and is on our biggest movers list. Amazon launches its first Italian retail store and Netflix Bites pops up in Las Vegas.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
They said the launch of NVIDIA's Blackwell should have provided the company with an opportunity for higher gross margins, but it appears this has not materialized as ramping up production might have been hampered by the recent issues. Amazon is trying out a new brick-and-mortar store, this time for health and beauty products in Milan, Italy.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
This is the company's first physical retail store in Italy and is expected to open today. It'll feature a wider range of beauty and personal care items, as well as over-the-counter medications and parapharmaceutical products. The beauty segment is among Amazon's fastest growing product categories. A recent Statista survey showed that Amazon is the leading online beauty retailer in the U.S.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Amazon's prior brick and mortar stores included bookstores, pop-up shops, and apparel stores, all of which were shuttered due to lagging sales. The new Netflix Bites Vegas restaurant is now open for walk-in customers at the MGM Grand Hotel and Casino on the Las Vegas Strip.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
The pop-up restaurant features dishes and drinks inspired by some of the company's most popular productions, including Stranger Things and Bridgerton. The Netflix Bites location at the MGM Grand is expected to stay open for a year. Now let's take a look at what's trending at this hour on Seeking Alpha. Schwab reportedly offers 24-hour trading to all retail clients.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Google and Apple Maps rename Gulf of Mexico to Gulf of America. And DoorDash targets 2025 growth with a focus on grocery, ads, and international expansion. On our Catalyst, watch for the day. Notable investor events include Western Digital's Investor Day. The event takes place ahead of the planned separation of the company's Flash business and will include a strategy update.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Notable investor events also include Mama's Creations Investor Day. Lockheed Martin, Rocket Lab USA, and Archer Aviation are some of the notable companies due to participate in the three-day T.D. Cohen Aerospace and Defense Conference. And Arius Greenway will begin trading after pricing its IPO. Now for a look at the markets today ahead of the opening bell.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Supermicro Computer is up 6.5% pre-market after the artificial intelligence server company reported preliminary second quarter results and guidance for the coming period and offered an update into its ongoing financial investigation.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Dow S&P and Nasdaq futures are in mixed territory. Crude oil is down 1% at $72 a barrel. Bitcoin is down 1.8% at $96,000. In the world's markets, the FTSE 100 is flat and the DAX is up 0.2%. Lyft is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
LYFT is down 11% despite posting a strong Q4 with record bookings and a double-digit rise in active riders as investors reacted to softer-than-expected Q1 guidance. On today's economic calendar, at 8.30 a.m., CPI. At 10 a.m., Powell testifies before the House Financial Services Committee.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
And at noon, Atlanta Fed's Rafael Bostic will speak on the economic outlook in a moderated conversation before the Atlanta chapter of the National Association of Corporate Directors. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
For the period ending December 31st, SMCI earned between 58 and 60 cents per share on an adjusted basis as revenue rose 54% year over year to be between 5.6 and 5.7 billion. The company had previously expected adjusted earnings to fall within a range of 56 cents to 65 cents per share.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
Looking to the next period, Supermicro expects to earn between 46 cents and 62 cents per share on an adjusted basis. Revenue is expected to fall within a range of $5 to $6 billion. In addition, Supermicro said it hopes to have its 2024 annual report filed by February 25th, along with its quarterly reports for the September 2024 and December 2024 periods.
Wall Street Breakfast
Super Micro gains on preliminary Q2 report
The company had not filed the quarterly reports amid accusations of improper accounting that led to an internal review. Supermicro also said it is cooperating with the Department of Justice and the SEC on document requests related to the matter. Seeking Alpha analyst Jeremy of Comquot Research said the governance issues appears to be having an impact on operating results.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Welcome to Wednesday, April 9th. It's great to be with you. I'm Julie Morgan. Easter spending is expected to defy uncertainty. Microsoft is the MVP and coal gets a Trump boost.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
Well, according to this survey, a majority of families with kids, 54%, are planning an Easter egg hunt at home. This survey of nearly 8,000 adults was conducted March 3rd through 7th. Microsoft has reclaimed the title of the world's most valuable publicly listed company following Apple's four-day losing streak following the tariff announcement last week.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
The market cap of Microsoft stood at $2.64 trillion as of Tuesday's close, while that of Apple totaled $2.59 trillion. While Microsoft shares have fallen 7% over the last four trading sessions, Apple saw a steeper decline of 23% in the same period. Analysts say this is because of the iPhone maker's reliance on China for a significant portion of its manufacturing needs.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
It also manufactures devices in other countries facing higher tariff rates, including India, Vietnam, and Brazil. Jeffrey's analysts in a recent note said Microsoft is more insulated from macro pressures and continues to view the stock as the safest large-cap investment option. Peabody Energy is up double digits pre-market 16%, adding to a 9.2% gain in the regular session on Tuesday.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
As President Trump signed executive orders intended to expand the production and use of coal in the US after years of declines. Trump said he would use the Defense Production Act to boost coal mining, a move that could put the federal purse behind reviving the industry. The president cast the actions as essential to helping the U.S.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
dominate the rapidly developing artificial intelligence sector, saying the country needed to ramp up electricity production to assure its position in the AI race. The president said he would direct the energy secretary to invest in next-generation coal technology and ask the Justice Department to identify and fight state and local regulations. He said we're putting coal miners out of work.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
The National Retail Federation says consumers are projected to spend 5% more on Easter this year compared to last, with total spending expected to reach $23.6 billion, just shy of the $24 billion record set in 2023.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
Other coal stocks that also posted solid gains during the regular session on Tuesday included Ramico Resources and Suncoke Energy. Now I want to tell you about three stories that are trending on Seeking Alpha. A former Meta employee will tell Congress that the company helped China in the AI race, undermining U.S. security.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
President Trump says TSMC would face 100% tax if it doesn't build in the U.S. And Spain calls on the EU to rethink relations with China amid Trump's sweeping tariffs. On our Catalyst Watch for the Day, the three-day Google Cloud Next event will begin in Las Vegas. Google Cloud and industry leaders are expected to make major new announcements and offer key perspectives.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
And at 9 a.m., Walmart will hold an investment community meeting. We've made it to that time of the morning when we check out the futures ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is in the red, down 2.8% at less than $58 a barrel. Bitcoin is up 1.5% at $77,000. Gold is up 2.1% at $3,041.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
In the world markets, the FTSE 100 is down 2% and the DAX is also down 2%. CalMain Foods is on our list of the biggest movers of the day pre-market. Calm is down 7% after the egg producer misconsenses expectations for fiscal Q3, despite reporting a sharp increase in net sales and a more than three-fold jump in profit, driven by a significant egg shortage that boosted prices.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
On today's economic calendar, at 1030 a.m. the EIA Petroleum Status Reports and at 2 p.m. the FOMC Minutes will be released. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
Go out and make it a great day.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
The NRF says this translates into $189.26 per person on average for those that celebrate Easter, but those who do not celebrate still expect to spend something on holiday-related items. $25.43 per person. Consumers will spend predominantly on candy, followed by food, gifts, decorations, including flowers and clothing.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
The most popular shopping destination remains discount stores at 55%, while 44% will head to the department stores. 36% of those polled will do their shopping online, while 26% will go to small local businesses.
Wall Street Breakfast
Easter spending to hop to $23.6B despite uncertainty
The organization's vice president of industry and consumer insights said, as we witnessed throughout the pandemic, holidays such as Easter are especially meaningful for Americans during times of uncertainty. One of the big topics you'll see online is how many of you are actually planning an Easter egg hunt this year?
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Wednesday, March 5th. I'm Julie Morgan. CrowdStrike beats estimates but is still down in pre-market action. Disney is letting more workers go, but TikTok is hiring. CrowdStrike is down 9% in pre-market trading.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Other listings were to onboard lifestyle creators for food and travel to help drive local services adoption and monetization opportunities. In a separate report, sources told Reuters on Tuesday that TikTok's parent company ByteDance is offering to buy back shares from its U.S. employees at a higher valuation under a new repurchase program. ByteDance is offering $189.90 per share to its U.S.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
employees, up 11% from a year ago and up $181 per share from six months ago. Disney is planning to reduce its total workforce by 6%, impacting almost 200 positions at ABC and Disney Entertainment Networks.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
The Wall Street Journal reported, citing people with knowledge of the matter, that this move is part of a broader restructuring effort within the company, as it focuses on core businesses with more spending on sports and entertainment content. As for ABC News, Nightline and 2020 will be combined into a single unit.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Three hours of Good Morning America will now be overseen by a single individual, whereas the third hour previously had its own production team. ABC is also getting rid of FiveThirtyEight, a political data-driven news website with roughly 15 staff members. The Disney Entertainment Network's unit will also see staff reductions in program planning and scheduling.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
These layoffs are being announced to employees starting as early as today. Now let's take a look at what's trending on Seeking Alpha at this early hour. Seals SQ climbs as the company reveals a $93 million sales pipeline, increasing adoption of quantum-resistant tech. By the way, Seals SQ is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
President Trump defends tariffs after markets close significantly down. And Google urges the DOJ to avoid breaking up the company, according to a report. On our Catalyst Watch for the Day, notable investor events include Logitech's Analyst and Investor Day, Waters Corporation's Investor Day, and Invista Holdings Corporation Capital Markets Day.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Meta's Chief Product Officer Chris Cox will participate at the Morgan Stanley Technology Media and Telecom Conference. And Shopify will participate in a fireside chat at that same conference. Now let's take a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is down 1.7% to $67 a barrel. Bitcoin is up 7.1% at $89,000.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Shares fell despite beating Q4 estimates as its guidance disappointed investors. The company forecast Q1 fiscal year 26 revenue of $1.10 to $1.11 billion, aligning with the $1.10 billion estimate. But its adjusted EPS projection of $0.64 to $0.66 falls well below the $0.95 consensus.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
In the world markets, the FTSE 100 is up 0.6% and the DAX is up 3.4%. AeroVironment is on our list of the biggest movers of the day pre-market. AVAV is down 19%. Shares plunged as fiscal Q3 results missed expectations, with revenue falling 10% year-over-year. Management attributed the shortfall to operational disruptions caused by wildfires and high winds in Southern California.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
On today's economic calendar, at 8.15 a.m., the ADP jobs report, and at 9.45 a.m., PMI composite final. That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at SeekingAlpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
For the full year, CrowdStrike expects revenue of $4.74 to $4.81 billion, with the midpoint slightly below the $4.78 billion forecast. While its adjusted EPS outlook of $3.33 to $3.45 lacks nearly 25% behind the $4.43 consensus. TikTok is reportedly eyeing an expansion of its local services business to the U.S.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
Axios reported this on Tuesday, citing job postings and sources familiar with the company's plans. Last year, it began testing with local services in Southeast Asia, like Singapore and Indonesia. The program lets creators give vouchers for places like restaurants and hotels.
Wall Street Breakfast
CrowdStrike beats Q4, stock slips
According to the jobs posted on its website, TikTok is currently hiring people based in Seattle, Los Angeles, and New York to evaluate opportunities to connect local merchants and vendors with TikTok creators and users. One listing shows that the immediate focus will be on top local services partners and travel to further accelerate service offerings on TikTok.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's great to have you here on this Wednesday, April 2nd. I'm Julie Morgan. Retailers squeeze suppliers over tariffs, a major EV battery deal, and Visa makes a big money play for Apple's credit card.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
It has been widely reported that Costco and Target are also pushing for discounts. South Korea's LG Energy Solutions said on Tuesday it agreed to acquire the assets held by General Motors in its Michigan electric vehicle battery joint venture for $2 billion.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
GM has been scaling back its EV plans because of uncertainty about the future of EV battery production and consumer tax credits under the Trump administration, saying in December that it planned to sell its stake in the Michigan plant. LG said the transaction costs were part of its capital spending plan announced earlier this year and could be lower than $2 billion.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
The two companies continue to maintain two other U.S. battery plant joint ventures operating in Ohio and Tennessee. With the acquisition, LG Energy is expected to produce batteries for Toyota. Visa has offered Apple $100 million to switch its popular co-branded credit card to its payment network from MasterCard.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
The Wall Street Journal reported on Tuesday, citing people familiar with the matter, that American Express has also been seeking the roles of both network provider and the card issuer. There's already been reporting that JPMorgan Chase and Synchrony Financial have been competing to replace Goldman Sachs as the bank issuing the Apple card.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
The competition among banks is expected as Goldman pulls back from consumer finance. Apple, however, is expected to choose a network for its card before it selects the bank to replace Goldman. Visa is aggressively pitching Apple, making an offer similar to the upfront payment it offered when Costco selected a network for its card about 10 years ago.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
According to the report, MasterCard, though, is fighting to keep its role as the card's network. Now for a look at what's trending on Seeking Alpha. CoreWeave rockets on its third day of trading after a tepid IPO response. Big Pharma drops sharply ahead of Trump's tariff announcement. And Wells Fargo warns that Tesla could fall 50% after deliveries, earnings, and the cybercap rollout disappoint.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Walmart is reportedly actively pushing its Chinese suppliers to reduce prices in response to tariffs imposed by the Trump administration. According to a report by Bloomberg that cites people familiar with the matter, the Chinese suppliers are struggling to comply with these demands due to already thin profit margins.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
On our Catalyst Watch for the Day, Nintendo is holding a reveal event for the Nintendo Switch 2. A launch of the next-generation console is expected as early as June. Floor will hold a strategy update webcast to discuss the company's strategic plan, followed by a live question-and-answer session. Yext will hold an Investor Day event.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Management will present the company's vision, strategy, and financial objectives, followed by a live Q&A. Merix will hold an Investor Day event. The event will feature presentations from the company's business heads, providing a comprehensive review of operations and growth initiatives. Shareholders with Nevro will vote on the takeover offer from Globus Medical.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
And the National Retail Federation will hold a State of Retail and the Consumer 2025 event. The CEOs of BJ's Wholesale Club and Tapestry, along with the U.S. President of Walmart, will be some of the notable speakers. Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the red. Crude oil is flat at $71 a barrel. Bitcoin is up 0.8% at $85,000.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Gold is up 0.5% at $3,100. In the world markets, the FTSE 100 is down 0.7% and the DAX is down 0.6%. T-TECH Holdings is on our list of the biggest movers of the day pre-market. T-TECH is up 25% after the company said it's ready to engage with the CEO on his $6.85 a share proposal. On today's economic calendar, at 8.15 a.m. the ADP employment reports and at 10 a.m. factory orders.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Some Chinese manufacturers are having trouble meeting Walmart's expectations to reduce costs by up to 10% for each round of tariffs. The pressure on suppliers has led to varied responses, with some manufacturers concerned that any significant reduction in prices could lead them into financial losses.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
A few Chinese factory owners have started to explore alternative manufacturing locations elsewhere in Asia, like Cambodia and Vietnam, to maintain both their long-term relationships with U.S. customers and profitability. The sources added that Walmart and its suppliers are negotiating across product categories not only by country of origin.
Wall Street Breakfast
Big retailers ask China for help ahead of tariff announcement
Chinese state media criticized Walmart's approach, suggesting that demanding such price cuts could disrupt fair competition and potentially harm both U.S. and Chinese businesses. The retail giant has been diversifying its supply chain to reduce reliance on China, but the country remains a crucial source for various goods like clothing, toys, and electronics, among others.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, March 25th. I'm Julie Morgan. Shell ramps up shareholder returns while tightening costs. Tesla's European sales continue to skid. And Krispy Kreme lands in Brazil.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Tesla's sales plunged nearly 43% in the first two months of the year, while industry-wide new battery electric car sales grew by 28.4% in the same period. capturing 15.2% of total EU market share. European electric car sales were up 26% this February compared to the same month last year. If you remember, we told you that in January, Tesla's sales across Europe fell 45% to 9,945 units.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Krispy Kreme announced the company's official launch in Brazil to mark a milestone in the brand's global expansion. The chain will open its first shop in a neighborhood in Sao Paulo in late April. Krispy Kreme plans to use a Capital Light franchise strategy in Brazil in partnership with the largest chain of convenience stores in the country.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Currently, Krispy Kreme operates in 40 countries worldwide. utilizing a mix of company-owned stores, franchise partnerships, and retail distribution points. Shares of Krispy Kreme are down 45% year-to-date and are swapping hands close to their all-time low of $5.31. I gotta say that red hot donut sign gets me every time. I try not to even pass by Krispy Kreme.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Let's check out what's trending on Seeking Alpha. Alibaba sees signs of a potential AI bubble in the U.S. and plans to resume hiring, according to a report. The end of the road, Kenworth is discontinuing its iconic W900 truck after six decades. And BYD Company's revenue tops $100 billion in fiscal year 24. Our Catalyst Watch looks very light today.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
International paper will hold an investor day in New York City. The event will include presentations given by the CEO along with other members of executive management. Now let's check out Dow, S&P and Nasdaq futures ahead of the opening bell. They're all pointing down in the red. Crude oil is up 0.6% at $69 a barrel. Bitcoin is up 0.1% at $87,000.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Ahead of its Capital Markets Day 2025 event, Shell announced plans to boost shareholder returns through the end of the decade, emphasizing share buybacks while maintaining a 4% per annum progressive dividend policy.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
In the world markets, the FTSE 100 is up 0.4% and the DAX is up exactly 1%. Trump Media and Technology Group is on our list of the biggest movers of the day pre-market. DJT is up 13% after the company signed a non-binding deal with Crypto.com to launch a series of ETFs later this year through its fintech brand TruthFi.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
On today's economic calendar, at 8.40 a.m., the Fed's Adriana Kugler will speak on economic landscape and entrepreneurship before the U.S. Hispanic Chamber of Commerce 2025 Legislative Summit. At 9.05 a.m., the Fed's John Williams will give opening remarks before the 2025 New York Fed Regional and Community Banking Conference. At 10 a.m., consumer confidence. Also at 10 a.m., new home sales.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
And at 11 a.m., a Treasury buyback announcement. That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at SeekingAlpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
plans to expand its liquefied natural gas sales by 4 to 5% annually until 2030, while lowering its spending to $20 to $22 billion per year through 2028 in a bid to deliver more value with less emissions. The London-based energy firm also plans to expand top-line production across its combined upstream and integrated gas business by 1% per year to 2030.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
These efforts will enable Shell to boost shareholder distributions from 30-40% previously to 40-50% of cash flow from operations. The company has also increased its structural cost reduction target from $2 to $3 billion by the end of this year to a cumulative $5 to $7 billion by the end of 2028 compared to 2022.
Wall Street Breakfast
Shell pledges bigger buybacks, tighter spending
Sales of new Tesla cars in Europe plunged again in February amid buyer backlash over its CEO's role in Donald Trump's administration, with market share down year on year. The company registered 16,888 new cars in February, down 40% from a year ago, with market shares now at 1.8% from 2.8% last year. This is according to the European Automobile Manufacturers Association.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, February 25th. I'm Julie Morgan. Bitcoin dips below 90K. Apple and Indonesia have reportedly reached an agreement about the iPhone 16. And the OFA files another lawsuit against the FDA.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Apple and Indonesia have agreed on terms to lift the country's iPhone 16 ban. Bloomberg reported citing people familiar with the matter that this signals a potential end to a five-month standoff fueled by the government's efforts to push Apple to meet domestic manufacturing requirements in the country. Indonesia's Ministry for Industry may sign the agreement with Apple this week,
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
with permission for iPhone 16 sales to be reinstated as soon as possible. The iPhone maker committed to invest $1 billion in Indonesia, which includes funds to set up an AirTag production plant and a facility for other accessories. Funds will also go towards training locals in product R&D, which would enable them to develop similar software and design their own goods.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Indonesia previously backtracked on a deal with Apple, so the latest agreement could still fall through. To note, Apple has no immediate plans to manufacture iPhones in Indonesia. The country banned iPhone 16 sales as Apple did not meet the requirement of smartphones comprising at least 35% locally made parts.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
The company then made the $1 billion investment commitment to placate the government, but the Ministry of Industry upheld the ban last month to seek better terms. Makers of copycat versions of Novo's popular weight loss drug semaglutide, also known as Ozempic and Wegovi, are suing the FDA for removing the GLP-1 medication from its shortage list.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
If you remember, the OFA filed a similar lawsuit last year when the FDA determined that Eli Lilly's tier Zepatide, also known as Manjaro and Zepbound, was also no longer in short supply. The Outsourcing Facilities Association, which represents drug compounders, filed the suit in a Texas federal court.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
According to Reuters, the group has alleged the FDA's decision was capricious and arbitrary, and that semaglutide still remains in short supply. Compounded versions of branded drugs are allowed on the U.S. market if the branded versions are determined to be in short supply. Last Friday, the FDA removed semaglutide from its drug shortage list, giving compounders 60 days in outsourcing facilities
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
90 days to comply with the change. And on Monday, shares of HIMS and HERS tumbled 20% after it indicated 2025 sales could be significantly impacted by the removal of semaglutide from the FDA's shortage list. Now let's take a look at what's trending on Seeking Alpha at this early hour. Gold racks up another record high on tariff concerns, spiking ETF holdings.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Bitcoin is extending its decline, falling below the $90,000 mark for the first time in more than a month. The most popular cryptocurrency traded at around $87,000 as of the time of this recording. BTC is under pressure from widespread bearish sentiment across the crypto market, and ongoing struggles in U.S. stocks to recover from their recent downturn.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
A B of A analyst believes OPEC Plus is seen as raising oil production in a bid to appease Trump. And breakfast at Denny's will cost you more. Denny's is adding an eggs surcharge at some locations due to a national shortage. On our Catalyst Watch for the Day, Apple will hold its annual meeting.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Shareholders will vote on proposals covering diversity, artificial intelligence, child safety, and charitable topics. Notable investor events include PayPal's Investor Day, LiveRamp's Investor Day, and Alnylam Pharmaceuticals' R&D Day. Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in mixed territory. Crude oil is up 0.1% at $70 a barrel.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
In the world markets, the FTSE 100 is up 0.4% and the DAX is flat. EverQuote is on our list of the biggest movers of the day pre-market. Ever is up 25% after the company delivered strong Q4 results. On today's economic calendar, at 9 a.m., the Case-Shiller Home Price Index, and at 1 p.m., the Fed's Thomas Barkin will speak on inflation then and now before the Rotary Club of Richmond.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Ether, the largest altcoin by market cap, is down 11%. Solana is the worst performer among the major cryptos, down 15% and around 45% over the past month. The sell-off comes amid renewed global trade tensions, with President Donald Trump reaffirming on Monday that tariffs on imports from Canada and Mexico will will go forward next week after a month-long pause expires.
Wall Street Breakfast
Bitcoin slips below $90K as crypto stumbles
Adding to the market's difficulties, cryptocurrency exchange Bybit experienced a significant security breach, resulting in hackers stealing $1.5 billion in digital assets from the crypto exchange's Ethereum cold wallet. Potential relevant crypto names include MicroStrategy, Coinbase Global, Galaxy Digital Holdings, Riot Platforms, Mara Holdings, Hive Digital Technologies, and BitDigital.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, March 18th. I'm Julie Morgan. Will the price of eggs be lower on your next grocery trip? Maybe the second time's a charm for Alphabet and Wiz, and BYD enters new territory.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
A potential deal comes after Alphabet was close to a deal to purchase Wiz last summer for about $23 billion, as the Wall Street Journal has previously reported. The talks were scuttled amid some concern that the deal could take a long time to gain regulatory approval.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
This new deal could happen soon if the discussions don't hit any last-minute problems, according to a report in the Journal on Monday, which cited people familiar with the matter. Wiz was founded in Israel in 2020 and is now headquartered in New York. The cybersecurity startup provides cloud security services with real-time threat detection and responses powered by artificial intelligence.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
Hong Kong-listed shares of Chinese electric vehicle giant BYD hit a record high today after the company unveiled a new fast-charging technology and announced an employee share incentive plan. Before pairing gains to 4%, shares rose as much as 6% to a record $408.80 in Hong Kong dollars. equivalent to $52.61.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
BYD on Monday unveiled a new super e-platform technology, which it says will be capable of peak charging speeds of 1,000 kilowatts. Now let's get a look at the trending articles on Seeking Alpha. We're tracking benchmark interest rates around the world. Which beaten-down stocks have the best chance for a quick rebound? And Grab is said to be moving forward with a go-to takeover.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
We have quite a bit to cover on our Catalyst Watch for the Day. Notable investor events include Adobe's Investor Meeting at the Adobe Summit, Box's Financial Analyst Day, and Corning's Investor Event at the New York Stock Exchange. The crypto world will be paying attention to the SWE Gaming Summit in San Francisco. The event is focused on game development for the SWE blockchain in gaming.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
Chevron CFO will discuss corporate strategy at the Piper Sandler Energy Conference. The CEO of Nvidia will give a keynote address at the company's GTC event. Potential announcements related to robotics, sovereign AI, AI agents, and automotive technologies are anticipated. The list of stocks that correlate closely to Nvidia includes Broadcom, Marvell Technology, and Qualcomm.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
Wholesale egg prices have been declining given the rapid recovery in supply and no significant bird flu outbreaks this month. But it's unclear when retail prices will reflect this decline. According to data from the U.S. Department of Agriculture, national wholesale egg prices fell to $4.15 per dozen as of March 14th. compared to $6.85 a week earlier.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
Rocket Lab USA will present at the Bank of America Global Industrials Conference. And the CFO of Stellantis will participate in a fireside chat at the Wolf Research Virtual Auto Summit. Now let's take a quick look at the markets ahead of the opening bell. Dow, S&P and Nasdaq futures are in the red. Crude oil is in the green up 1.3% at $68 a barrel. Bitcoin is down 0.8% at $82,000.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
In the world markets, the FTSE 100 is up 0.4% and the DAX is up 1.7%. Bakkt Holdings is on our list of the biggest movers of the day pre-market. BKKT is down 31% after Bank of America and Webull Pay opted not to renew their commercial agreements, impacting Bakkt's loyalty in crypto services revenue. On today's economic calendar at 8.30 a.m., import-export prices.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
That's about half the levels seen at the start of the month. The agency said, however, these declines have yet to be reflected at store shelves, and until they are, demand is expected to remain dampened. Last month, consumers on average paid a record $5.90 for a dozen large grade A eggs, according to the Bureau of Labor Statistics.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
That's 22% higher than the previous record of $4.82 per dozen in January of 2023. The managing editor at Expana told CNBC that wholesale prices will likely fall further, given extreme pressure from market dynamics. Expana tracks agricultural commodity prices. There is generally a lag of at least two to three weeks between a change in wholesale costs and resulting retail pricing.
Wall Street Breakfast
Wholesale egg prices drop, retail lags
To note, the Department of Justice is investigating the surge in egg prices and looking into whether large producers have conspired to raise prices or limit supply. Alphabet is in advanced discussions to purchase cybersecurity startup Wiz for around $30 billion.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, February 18th. I'm Julie Morgan. Baidu reported earnings today pre-market. OpenAI is reportedly considering special voting rights. And Southwest Airlines is making even more cost cuts.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
by OpenAI CEO Sam Altman and board members as the company transitions to a for-profit structure. OpenAI last week turned down a $97.4 billion takeover offer by a group led by Elon Musk, who co-founded the company in 2015 but chose to leave in 2018.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
After announcing a couple of decisions in January, including reducing pilot headcount at a couple of bases and a pause on hiring, Southwest Airlines on Monday announced slashing about 15% of its corporate jobs, or 1,750 people, in a cost-saving measure. The workforce reduction is focused almost entirely on corporate overhead and leadership positions.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
It represents approximately 15% of corporate positions, including senior leadership and directors. 11 senior leadership positions, that's vice president and above. Also representing 15% of the company's senior management committee will be eliminated as part of this restructuring. Separations will be substantially complete by the end of second quarter 2025.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
The company estimates partial 2025 savings to be approximately $210 million and full-year 2026 savings to be approximately $300 million. Southwest Airlines paused corporate hiring and suspended most of its summer internships in January. The carrier also reduced pilot positions by 270 at its Denver and Atlanta hubs as part of the carrier's cost-saving and aircraft efficiency efforts.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
Now for a look at what's trending on Seeking Alpha. Short sellers reduced their bets against information technology stocks in January. Tesla's FSD approval in China reportedly could be used for bargaining amid trade tensions. And South Korea reportedly plans to secure 10,000 GPUs for an AI computing center.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
On our Catalyst Watch for the Day, notable investor events include the Jacobs Solutions Investor Day event. The Cagney Conference will include presentations from Kraft Heinz, Hershey, General Mills, and Coca-Cola. Shareholders with Discover Financial and Capital One will vote on the pending mega-merger between the banking giants. The three-day CoinDesk Consensus Hong Kong event will begin.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
Baidu reported earnings today ahead of market open, beating top line and bottom line estimates for Q4. Baidu non-gappy pads of $2.63 beats by 78 cents. Revenue of $4.67 billion beats by $70 million.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
The crypto conference marks the first expansion of the Consensus event series beyond North America. And the quiet period ends on Venture Global to free up analysts to issue ratings. And finally, we've made it to that time of the morning when we take a look at the markets ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is up 0.8% at nearly $72 a barrel.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
Bitcoin is down 0.4% at $95,000. In the world markets, the FTSE 100 is up 0.1% and the DAX is down 0.2%. Delta Airlines is on our list of the biggest movers of the day pre-market. DAL is down 1.6% after one of its regional jets lost control upon landing in icy, windy conditions on Monday at Toronto Pearson International Airport. On today's economic calendar, at 10 a.m., the Housing Market Index.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
At 10.20 a.m., the Fed's Mary Daly speaks and participates in a moderated discussion before the 2025 Conference for Community Bankers, hosted by the American Bankers Association. And at 1 p.m., the Fed's Michael Barr speaks on artificial intelligence in the economy and financial stability before the Council on Foreign Relations. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
Ahead of the reporting, shares of Baidu and Hong Kong fell about 7% on Monday after CEO Robin Li was not seen at a meeting between China's President Xi Jinping and top corporate executives, according to Reuters. Shares fell as much as 8.8% before closing down 6.94% in Hong Kong. Baidu lost about $2.4 billion in market value on Monday, according to the report. Shares closed 0.4% higher on Tuesday.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
China's president held a meeting in Beijing with the company's top industry tycoons, including Alibaba's founder Jack Ma and the CEO of Huawei. However, there was no sign of Li attending the meetings, the report added, citing two sources. Baidu did not immediately respond to a request for comment from Seeking Alpha.
Wall Street Breakfast
Baidu slips as CEO missing from Xi meeting, Q4 beat
OpenAI is weighing special voting rights for its nonprofit board to preserve its director's decision-making power. If granted, the special voting rights would allow the nonprofit board to overrule major OpenAI investors like Microsoft and SoftBank. Sources told the Financial Times that the special voting rights are among new governance measures being evaluated
Wall Street Breakfast
Oracle dips despite backlog growth
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, March 11th. I'm Julie Morgan. Oracle sales backlog increases, but Wall Street is not convinced. A brutal sell-off for Tesla and CoreWeave signs a deal with OpenAI.
Wall Street Breakfast
Oracle dips despite backlog growth
The dividend is payable on April 23rd to shareholders of record as of April 10th. Tesla fell 15% in Monday trading as investors start to prepare for what could be a disappointing Q1 deliveries report in a few weeks. The decline stood as the largest since September 2020 when Tesla was not added to the S&P 500 index as anticipated.
Wall Street Breakfast
Oracle dips despite backlog growth
A steady stream of reports from Europe and China are being seen as an indication that the electric vehicle maker may miss the initial forecast for Q1 deliveries of close to 415,000. On Wall Street, UBS formalized those concerns on Monday by slashing its Q1 deliveries estimate to 367,000. For reference, Tesla disclosed 495,570 deliveries for Q4 of 2024,
Wall Street Breakfast
Oracle dips despite backlog growth
and delivered 462,890 vehicles in Q3 of 2024. Notably, the current consensus estimate for Tesla deliveries in 2025 of over 2 million units could be in jeopardy if upcoming deliveries reports show signs of weakness. CoreWeave signed a five-year contract to deliver AI infrastructure with OpenAI. The contract value for this strategic deal is up to $11.9 billion.
Wall Street Breakfast
Oracle dips despite backlog growth
This agreement is part of the NVIDIA-backed AI startup CoreWeave's preparations for its highly anticipated initial public offering, which is expected to be one of the major tech listings of 2025. As part of the deal, OpenAI, which is backed by Microsoft, will acquire a stake in CoreWeave by purchasing $350 million worth of shares through a private placement during CoreWeave's IPO.
Wall Street Breakfast
Oracle dips despite backlog growth
This strategic partnership aims to enhance OpenAI's computing capacity for training and deploying advanced AI models, while also diversifying OpenAI's infrastructure dependencies beyond its primary partner, Microsoft. We've made it to that time of the morning when we take a look at what's trending on Seeking Alpha at this early hour.
Wall Street Breakfast
Oracle dips despite backlog growth
Oracle is down nearly 1.5% in pre-market action after its fiscal third quarter results missed expectations slightly but topped $100 billion in remaining performance obligations. For the period ending February 28th, Oracle said it earned an adjusted $1.47 per share as revenue rose 6.4% year-over-year to $14.13 billion.
Wall Street Breakfast
Oracle dips despite backlog growth
Seeking Alpha analysts are mixed on when stocks will rebound following the sell-off. Alphabet CIO touts small nuclear reactors and NextEra chief sees opportunity for co-location. And solar accounts for 84% of new electricity sources added to the U.S. grid in 2024. But policy uncertainty looms.
Wall Street Breakfast
Oracle dips despite backlog growth
On our Catalyst Watch for the Day, notable investor events include Eaton Corporation's Investor Day, Global Ease Investor Day, Silicon Laboratory's Analyst Day, and Teradyne's Analyst Day. Albertsons will replace Aspen Technology in the S&P Midcap 400 Index. J.M. Smucker will participate in a fireside chat at the Bank of America Consumer and Retail Conference.
Wall Street Breakfast
Oracle dips despite backlog growth
And Camping World will also participate in a fireside chat at that same conference. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Bitcoin is down 1.25% at $81,000. In the world markets, the FTSE 100 is down 0.2% and the DAX is up 0.5%. Asana is on our list of the biggest movers of the day pre-market. ASAN is down 28%.
Wall Street Breakfast
Oracle dips despite backlog growth
Shares plummeted after the company reported its most recent results and announced a CEO transition. On today's economic calendar, at 10 a.m., the job openings and labor turnover survey, and at 1 p.m., three-year note auctions. That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings and data on stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Oracle dips despite backlog growth
Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Oracle dips despite backlog growth
Analysts expected the company to earn an adjusted $1.49 per share on $14.39 billion in revenue. Total remaining performance obligation soared 63 percent during the period to $130 billion as the company signed $48 billion worth of deals in the quarter. Oracle's CEO said the company has signed cloud agreements with several leading technology companies including OpenAI, XAI, Meta, NVIDIA, and AMD.
Wall Street Breakfast
Oracle dips despite backlog growth
The statement went on to say that Oracle expects that their huge $130 billion sales backlog will help drive a 15% increase in Oracle's overall revenue in their next fiscal year beginning this June.
Wall Street Breakfast
Oracle dips despite backlog growth
He also said that they expect RPO to continue to grow rapidly as they look forward to signing their first Stargate contract, yet another big opportunity for Oracle to expand both its AI training and AI inferencing businesses in the near future. Oracle also declared a cash dividend of 50 cents per share, up 20% from its previous payment.
Wall Street Breakfast
Medicare bump lifts insurers
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, April 8th. I'm Julie Morgan. Medicare money moves the market. NVIDIA seals the deal. And China basically says it ain't over. Shares of leading health insurance companies rose in post-market trading Monday after the U.S.
Wall Street Breakfast
Medicare bump lifts insurers
The deal to acquire Lepton AI, which resells NVIDIA's graphics processing units in a cloud service, was worth hundreds of millions of dollars, according to the news outlet. Lepton's co-founders will stay on at NVIDIA now that the deal is closed. Talk of an acquisition popped up late last month. NVIDIA declined to comment when contacted by Seeking Alpha.
Wall Street Breakfast
Medicare bump lifts insurers
Lepton competes with companies like Together AI in the business of renting out NVIDIA GPUs. Founded two years ago, Lepton AI secured an $11 million seed round in May of 2023 from CRV and Fusion Fund. Meanwhile, Together AI, a key competitor in the server rental space, has raised over $500 million in venture capital, despite being only about a year older than Lepton.
Wall Street Breakfast
Medicare bump lifts insurers
And finally, we're talking tariffs. President Trump's renewed tariff threats on Monday have prompted China to vow a fight to the end. China sharply criticized the US's escalating tariff threats as blackmail.
Wall Street Breakfast
Medicare bump lifts insurers
Beijing's Commerce Ministry stated it would resolutely take countermeasures to safeguard its interests and rights if the US proceeds with additional tariffs, calling Trump's actions a mistake on top of a mistake. The ministry further declared that China would never accept this and would fight to the end.
Wall Street Breakfast
Medicare bump lifts insurers
This strong condemnation comes after Trump threatened a new 50% tariff on Chinese goods effective Wednesday, on top of the current 54% unless Beijing retracted its retaliatory tariffs, which include a 34% levy on all U.S. imports starting Thursday, announced in response to a prior U.S. tariff hike. Now for a look at what's trending on Seeking Alpha at this early hour.
Wall Street Breakfast
Medicare bump lifts insurers
Vietnam will buy defense goods from the U.S. to reduce the trade gap and seeks a 45-day tariff delay. Trump says the EU must buy $350 billion of U.S. energy to get tariff relief and rejects zero-for-zero proposal. And BlackRock Sphinx sees a buying opportunity during this market sell-off.
Wall Street Breakfast
Medicare bump lifts insurers
On our Catalyst Watch for the Day, the two-day Stiefel Virtual Targeted Oncology Forum will include participation from Compugen, Zymworks, Innate Pharma, and Revolution Medicines. Ticker Symbol Team will hold its three-day Team 25 event in Anaheim, California. The CEO will be one of the keynote speakers. And the Paris Blockchain Week will begin.
Wall Street Breakfast
Medicare bump lifts insurers
Now let's take a look and see what the markets look like ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is also in the green, up 0.2% at $60 a barrel. Bitcoin is flat at $79,000. Gold is up 0.8% at $3,005. In the world markets, the FTSE 100 is up 1.7% and the DAX is up 1.6%. Levi Strauss is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Medicare bump lifts insurers
Centers for Medicare and Medicaid Services announced it has substantially raised government payments to Medicare Advantage compared to an initial proposal. In January, the CMS issued its advance notice for the next calendar year, proposing to raise government payments to Medicare Advantage plans by an average of 4.33%. an increase of over $21 billion compared to 2025.
Wall Street Breakfast
Medicare bump lifts insurers
Levi is up 10% after the company delivered mixed Q1 results, surpassing profit expectations. On today's economic calendar, at 11 a.m. Treasury buyback announcement and at 1 p.m. a three-year note auction. That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Medicare bump lifts insurers
Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Medicare bump lifts insurers
Per the agency's final rate decision on Monday, payments to Medicare Advantage companies will rise by 5.06% on average from 2025 to 2026. translating to an increase of 2.83 percentage points since the advance notice or an over $25 billion increase in MA payments. This move follows a recent decision where Medicare coverage for expensive obesity medications was declined.
Wall Street Breakfast
Medicare bump lifts insurers
Leading health insurance companies rallied in reaction to the announcement. Humana is up about 10 percent, Elevents is up 6 percent, UnitedHealth, the largest insurer in the Medicare Advantage market, is up 5.6 percent pre-market, and Clover Health is up 3.7 percent. NVIDIA has closed its acquisition to buy artificial intelligence startup Lepton AI, according to the information.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, March 4th. I'm Julie Morgan. New tariffs are shaking up auto stocks. A deal for Walgreens could become final this week. And the 23andMe board did not accept the CEO's latest offer.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Adiant, which makes seats and interior components, saw its shares fall almost 7%, while shares of Ohio-based Goodyear Tire and Rubber, the largest tire maker in Canada, buckled by 6.5%. The knee-jerk reaction to President Trump's comments underscored Wall Street's sensitivity to tariff shocks. According to data cited by CNBC, the majority of U.S.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
autos are made domestically, with just 16% made in Mexico and a little over 7% from Canada. However, a 25% tax on imports from those countries, along with components imported from outside the U.S., will raise the cost of a vehicle by an average of $6,250, an additional cost that most likely manufacturers and consumers will take on. Both Mexico and Canada have vowed to retaliate against U.S.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
tariffs. Walgreens Boots Alliance is up 5.8% in pre-market action after the Wall Street Journal reported that Sycamore Partners was closing in on a deal to acquire the U.S. pharmacy chain for about $10 billion. According to the report, the agreement could be completed as soon as Thursday, barring any last-minute complications.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Private equity firm Sycamore Partners is expected to pay between $11.30 and $11.40 per share in cash, with potential additional value tied to performance-based targets. If the deal proceeds, Sycamore is likely to retain Walgreens' core U.S. retail operations while selling off or taking public other parts of the company.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
A special committee of the 23andMe board has rejected a new proposal from the CEO to take the company private. On Monday, the CEO filed an amended Schedule 13D that offered 41 cents per share to current stockholders for shares she does not already own.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
The committee pointed out that the latest offer is 84% less than the $2.53 per share in a previous proposal offered by the CEO and private equity firm New Mountain Capital on February 20th. 23andMe closed Monday down 33% and is down 2.7% in pre-market trading. Now for a look at what's trending on Seeking Alpha. Investors may be riding a bucking bronco stock market into April.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
So, of course, we've talked about tariffs on this show, and you're hearing a lot about where they stand on any given day, especially today. Some of the areas taking a hit are auto stocks, suppliers, and ancillary industries.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Remember our top story from Monday's edition of Wall Street Breakfast? Well, here's an update. Bitcoin's back to where it started after the strategic reserve spike. And Morgan Stanley says stocks are no longer sensitive to yields and the U.S. dollar. On our Catalyst Watch for the day, the post-IPO quiet period ends for Siona Therapeutics and Titan American to free up analysts to post ratings. Yum!
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Brands will hold a special event for the Taco Bell chain to unveil innovation plans and new products in the works. Target will hold its earnings call at 9 a.m. Options trading implies a share price swing of 9% for Target after the report is released. Notably, Target slumped 21% after its last earnings report.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Jax Pacific, Carters, and Mattel are three suppliers that trade in tandem with Target the week after earnings more than 75% of the time. The CEO of AT&T will participate in a fireside chat at the Morgan Stanley Technology Media and Telecom Conference. And the CFO of Verizon will participate in that same conference. Illumina is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
ILMN is down 2.8 percent after China banned the company from exporting its gene sequencers to the country in response to the U.S. doubling tariffs on Chinese goods. The ban follows Beijing's decision to add 10 U.S. firms to its unreliable entity list, restricting trade and new investments.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
On today's economic calendar, at 2.20 p.m., the Fed's John Williams will participate in a moderated discussion at a Bloomberg Invest event. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
On Monday, President Trump made his commitment to 25% tariffs on Canada and Mexico a reality, saying during a press conference that there's no room left to make a deal before the midnight deadline.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
His remarks sent shockwaves through an already tariff-sensitive market, driving the Dow down 650 points in its aftermath in shares of Detroit's Big Three, General Motors, Ford, and Stellantis, along with Tesla spiraling lower into the close. GM fell nearly 3.6%, Ford 1.7%, Stellantis dropped 3%, and Tesla 6%. 2.8%. The reaction was not isolated to just automakers.
Wall Street Breakfast
Tariff hit sends auto stocks sliding
Suppliers like Aptiv, Lear Corp, BorgWarner, Magna International, and Autoliv were also under heavy selling pressure. Dana Incorporated, which makes transmissions, driveshafts, and motion systems for Ford and Stellantis vehicles, as well as parts for the mining and construction industry, experienced a 4.7% drop in its share price to a six-week low.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, February 27th. I'm Julie Morgan. Ben and Jerry could get back into the ice cream business. The price of a beer may not go up this year, but next year is a different story.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
In an emailed statement to Bloomberg, Unilever insists the business is not for sale. Anheuser-Busch InBev does not expect tariffs on aluminum to have a major impact on the prices of its U.S. beers in the near term. The CEO told Reuters that the company uses prepared aluminum for cans mostly from local U.S. companies, but those firms source the raw metal from all over the world.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
While the cost of the prepared aluminum could rise as a result of tariffs along the supply chain, factors like hedging and productivity initiatives are anticipated to limit the impact in 2025. However, the CEO warned that the impact on U.S. beer prices in 2026 could be more pronounced if tariffs come into full force.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
Shares of Bud ended the day on Wednesday up 7.2% after showing improvement with its Q4 earnings report. Meta has apologized for a glitch on Instagram after users worldwide reported that their feeds were flooded with graphic short-form videos, including those of people being killed and maimed.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
The Wall Street Journal reported that the videos were recommended on users' Reels tab on Wednesday, some of which had sensitive content warnings while others did not. The videos reportedly included people being shot, run over by vehicles, and being subject to cartel violence.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
An Instagram spokesperson said that the error was unrelated to Meta's decision to ease its content moderation policies to avoid censoring speech. Now for a look at what's trending at this early hour on Seeking Alpha. Moderna slides on a report that the Trump team is re-evaluating bird flu vaccine funding. China's Baidu reportedly plans to unveil an AI model Ernie 4.5 in March.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
And if your suggested feed on Instagram seemed totally off yesterday, Meta is apologizing. The founders of Ben & Jerry's Ice Cream are reportedly in talks to buy the iconic company back from Unilever. Ben Cohen and Jerry Greenfield, who started their ice cream business in 1978 in Burlington, Vermont, sold the business in 2000 for $326 million.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
And Rhythm Acquisition prices a $200 million IPO at $10 per share. On our Catalyst Watch for the Day, notable investor events include Front Door's Investor Day, Primo Brand's Investor Day, and G. Willey Food International's special meeting to vote on leadership appointments and a compensation policy.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
Perspective Therapeutics, Verix Imaging, and Zymworks are some of the companies participating in the B. Reilly Securities Precision Oncology and Radiopharma Conference. The Information's AI Agenda Live event in San Francisco will include participation by Anthropic, PagerDuty, Adobe, and IBM.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
And Intel will participate in a fireside chat on the company's business and foundry strategy at the Bernstein Technology Media and Telecom Forum. Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is up 0.8% at $69 a barrel. Bitcoin is down 3.2% at $86,000. In the world markets, the FTSE 100 is up 0.2% and the DAX is down 1.1%.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
Snowflake is on our list of the biggest movers of the day pre-market. Snow is up 11% after the company reported better than expected Q4 results and guidance. On today's economic calendar, at 8.30 a.m. GDP, at 10 a.m. Pending Home Sales Index,
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
At 1.15 p.m., the Fed's Beth Hammack will speak on financial stability before the Columbia University Bank Policy Institute 2025 Bank Regulation Research Conference. And at 3.15 p.m., the Fed's Patrick Harker will speak on the economic outlook before the Lions Economic Forecast, presented by the University of Delaware's Center for Economic Education and Entrepreneurship.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
The company has since gone on to become the number one selling ice cream in the U.S., with annual sales reaching a billion dollars.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
Last year, in an effort to slim down its business and focus on its core businesses, Unilever was in discussions to either sell its ice cream business, which includes Ben & Jerry's, Breyers & Magnum, to a private equity firm, or spin off the businesses into an IPO to be listed online. on the Amsterdam Stock Exchange.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
This was part of a broader concession to the Netherlands government to retain some of Unilever's operations in the country. In return for tax incentives, Unilever vowed to list any businesses that were spun off in the future with the Dutch exchange. After the private equity deal fell through, Unilever continued to move ahead with the separation of the ice cream business.
Wall Street Breakfast
Ben & Jerry’s founders eye a second scoop
With Unilever opening up the possibility of a sale, Cohen and Greenfield could regain ownership of their namesake company, albeit at a significant premium from its sale in 2000. According to Bloomberg, Cohen and Greenfield may look to partner with socially-minded investors with deep pockets to finance a multi-billion dollar acquisition.
Wall Street Breakfast
March Madness heats up, bets roll in
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, March 20th. I'm Julie Morgan. A sports betting bonanza has begun. CoreWeave gears up for an IPO. And Sanofi makes a $1.9 billion move. The first round of March Madness starts today around noon Eastern time.
Wall Street Breakfast
March Madness heats up, bets roll in
Potbelly, Dave & Buster's, Pizza Hut, Wendy's, and Red Robin Gourmet Burgers. Major advertising campaigns are being run by Capital One, AT&T, Coca-Cola, and Experian during the tournament. On a broader look, the games typically lead to a slowdown period for some parts of the leisure sector, such as theme parks and movie theaters, as the basketball tournament dominates some social planning.
Wall Street Breakfast
March Madness heats up, bets roll in
CoreWeave, a hyperscaler startup backed by Nvidia, is reportedly asking for $47 to $55 per share as it approaches an initial public offering. CoreWeave produced $1.9 billion in revenue in 2024. which was a 737% year-over-year increase. By the end of the year, it was running 32 data centers with more than 250,000 NVIDIA GPUs online.
Wall Street Breakfast
March Madness heats up, bets roll in
The company also reported a net loss of $863 million for the year. Microsoft accounted for 62% of its revenue in 2024, up from 35% the year prior. Earlier this month, CoreWeave signed an $11.9 billion five-year contract to deliver AI infrastructure with OpenAI. Reuters said, according to people familiar with the matter, that CoreWeave is expected to begin marketing its IPO this week.
Wall Street Breakfast
March Madness heats up, bets roll in
It is expected to go public later this month or sometime in April. The ticker symbol will be CRWV. Sanofi has agreed to acquire an immunology drug from a clinical stage biopharmaceutical company, Drenbio, for up to $1.9 billion.
Wall Street Breakfast
March Madness heats up, bets roll in
The French pharmaceutical company will acquire DR0201, a CD20 directed bispecific antibody currently being evaluated in a phase one trial in B-cell non-Hodgkin lymphoma patients and is expanding into various autoimmune indications. The drug candidate has shown a favorable preclinical safety profile in multiple non-human primate studies with no cytokine release syndrome or neurotoxicity.
Wall Street Breakfast
March Madness heats up, bets roll in
Under the terms of the merger agreement, Sanofi will acquire DR0201 through the acquisition of the DrenBio affiliate Dren0201. for an upfront payment of $600 million and potential future payments totaling $1.3 billion upon achievement of certain development and launch milestones. The companies expect the transaction to close during the second quarter of 2025.
Wall Street Breakfast
March Madness heats up, bets roll in
Now let's get a look at what's trending on Seeking Alpha. President Trump calls on the Fed to cut rates as tariffs start to ease into the economy. Musk's X raises almost $1 billion in new equity funding, according to a report. And gold extends its rally after the Fed holds the line on interest rates. Now let's check in on our catalyst to watch for the day.
Wall Street Breakfast
March Madness heats up, bets roll in
The NCAA Division I Men's and Women's Basketball Tournament is a financial powerhouse in the sports world. This year's event promises to continue its lucrative tradition, with the NCAA expected to generate significant revenue from media rights, sponsorships, and ticket sales. The current broadcasting deal with CBS and Warner Bros.
Wall Street Breakfast
March Madness heats up, bets roll in
Notable investor events include Monolithic Power Systems Analyst Day, Palomar's Investor Day, Alight's Investor Day, and Solventum's Investor Day. NVIDIA will hold a Quantum Day to focus on new quantum developments as part of its GTC event. And Nike will hold its earnings call today at 5 p.m.
Wall Street Breakfast
March Madness heats up, bets roll in
The company frequently issues its guidance during the call and provides an in-depth outlook for region and product type. The update from the management on trends in China will also be closely watched by other consumer companies with a higher exposure to the nation, including Starbucks, Estee Lauder, and Skechers. Now let's check in on the markets ahead of the opening bell.
Wall Street Breakfast
March Madness heats up, bets roll in
Dow, S&P and Nasdaq futures are in the red. Crude oil is in the green, up 0.2% at $67 a barrel. Bitcoin is up 2.9% at $85,000. In the world markets, the FTSE 100 is down 0.2% and the DAX is down 0.9%. And the market in Japan is closed today for a holiday. Five below is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
March Madness heats up, bets roll in
Five is up 12% after reporting strong Q4 results driven by store expansion. On today's economic calendar, at 10 a.m., existing home sales, also at 10 a.m., leading indicators. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
March Madness heats up, bets roll in
To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
March Madness heats up, bets roll in
Discovery is valued at $8.8 billion through 2032, contributing over $900 million annually to the NCAA's coffer. In the sports betting industry, DraftKings and Flutter Entertainment's FanDuel head into the tournament with high hopes that they can keep at least 10% of the more than $3 billion that is expected to be legally bet on the three-week tournament.
Wall Street Breakfast
March Madness heats up, bets roll in
The total amount bet on the tournament is expected to more than double the betting volume on the 2025 Super Bowl. However, a tricky part of the business for sportsbooks operators such as DraftKings, FanDuel, BetMGM, ESPNBet, and Caesars Sportsbook is that the public is on a hot streak.
Wall Street Breakfast
March Madness heats up, bets roll in
Last year, sportsbooks were hurt by strong favorites UConn and South Carolina winning the tournament, while the second half of the NFL season saw poor outcomes for most sports betting operators who had unbalanced books. Consumer-facing companies that have NCAA March Madness promotions running include Dick's Sporting Goods,
Wall Street Breakfast
Palantir drops on defense cut memo
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, February 20th. I'm Julie Morgan. Palantir drops as the Pentagon sets priorities. Airbus aims high, and Amazon is pulling the plug on one of its services. Palantir Technologies fell more than 10% on Wednesday and is down nearly 2% in pre-market action.
Wall Street Breakfast
Palantir drops on defense cut memo
The company continues to target a monthly production rate of 12 A350s in 2028, and 14 A220s in 2026. The A320 family continues to ramp up towards a rate of 75 aircraft per month in 2027, while monthly A330 production is stabilizing at around a rate of four. The planemaker is taking over some parts of Spirit Aerosystems' business, while rival Boeing is acquiring the majority of that business.
Wall Street Breakfast
Palantir drops on defense cut memo
Amazon is giving up on its Chime communication service. The company announced on Wednesday that it is withdrawing support for the Amazon Chime service next year and will stop accepting new customers today.
Wall Street Breakfast
Palantir drops on defense cut memo
Organizations with at least one Amazon Chime team or an enterprise account can continue to use Amazon Chime and business calling features until February 20th of 2026, when all support for the service will end.
Wall Street Breakfast
Palantir drops on defense cut memo
Amazon Chime was officially announced on February 13th of 2017 and positioned itself as a competitor to established services like Skype for Business, Cisco WebEx, Google Hangouts, and LogMeIn's GoToMeeting. Now for a look at what's trending at this early hour on Seeking Alpha. Beyond Meat is in talks with lenders, according to Bloomberg, to help shore up its liquidity.
Wall Street Breakfast
Palantir drops on defense cut memo
We also have a look at the FOMC Minutes. Federal Reserve officials consider trade and immigration impacts. An Occidental CEO says carbon capture would boost U.S. energy independence. On our Catalyst Watch for the Day, the Cagney Conference will include presentations from Procter & Gamble, U.S. Foods, Diageo, and Clorox. Walmart will hold its earnings conference call.
Wall Street Breakfast
Palantir drops on defense cut memo
The retail giant's business updates have impacted shares of Target, Costco, Dollar General, Dollar Tree, and Kroger in the past. Major suppliers with a strong post-earnings trading correlation with Walmart include Reynolds Consumer Products, Treehouse Foods, and Flower Foods. Mobileye Global will present at the Barclays Industrial Select Conference.
Wall Street Breakfast
Palantir drops on defense cut memo
Boeing CEO will also speak at that same conference. And Visa will hold its Investor Day event. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red. Crude oil is up 0.2% at $72 a barrel. Bitcoin is up 1% at $97,000. In the world markets, the FTSE 100 is down 0.3% and the DAX is up 0.3%.
Wall Street Breakfast
Palantir drops on defense cut memo
Carvana is on our list of the biggest movers of the day pre-market. Carvana is down 8.5% despite a strong Q4 performance, which saw the company beat top and bottom line estimates, increased car sales, and improved profit per vehicle. On today's economic calendar, we have lots of Fed speak.
Wall Street Breakfast
Palantir drops on defense cut memo
This after a memo obtained by the Washington Post from the Defense Secretary called for an 8% cut to the defense budget over each of the next five years. The news outlet added that the proposed cuts are required to be drawn up by February 24th. There are 17 categories that are said to be exempted from the cuts, including security at the southern U.S. border, the modernization of the U.S.
Wall Street Breakfast
Palantir drops on defense cut memo
At 9.35 a.m., the Fed's Austin Goolsbee will participate in a moderated question and answer session before an event in Chicago. At 12.05 p.m., the Fed's Alberto Musalem will speak and participate in a moderated conversation on the U.S. economy and monetary policy before the Economic Club of New York.
Wall Street Breakfast
Palantir drops on defense cut memo
At 2.30 p.m., the Fed's Michael Barr will speak on supervision and regulation at Georgetown University's Law Center. And at 5 p.m., the Fed's Adriana Kugler will speak on navigating inflation waves while riding on the Phillips curve before the 2025 Whittington Lecture event hosted by Georgetown University. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Palantir drops on defense cut memo
For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at SeekingAlpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Palantir drops on defense cut memo
nuclear weapon arsenal and missile defense, one-way attack drones, and other areas. News of the potential cuts were first reported over the weekend. Palantir did not immediately respond to a request for comment from Seeking Alpha.
Wall Street Breakfast
Palantir drops on defense cut memo
Airbus is expecting to deliver more planes in 2025 compared to a year ago, even as it faces continued supply chain challenges and broader uncertainty in light of global trade tensions. The European aircraft maker expects to deliver around 820 commercial planes this year, slightly lower than the consensus estimate of 824 jets, but higher than 766 deliveries in 2024.
Wall Street Breakfast
Palantir drops on defense cut memo
The outlook assumes no additional disruptions to global trade, air traffic, the supply chain, and Airbus' internal operations. It also excludes the impact of potential new tariffs on the company's business. Airbus pushed the entry into service date for the A350 freighter variant to the second half of 2027, from its earlier target of 2026.
Wall Street Breakfast
Intel names familiar face to lead
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, March 13th. I'm Julie Morgan. Intel has new leadership, Spirit exits bankruptcy, and the mission to bring those two astronauts back home has been delayed. Intel announced a new CEO.
Wall Street Breakfast
Intel names familiar face to lead
However, the agency said the launch was called off due to a hydraulic system issue. NASA is now aiming for the launch no earlier than 7.03 p.m. ET on Friday, March 14. Spirit Airlines has emerged from bankruptcy with significantly less debt and greater financial flexibility. The company's financial restructuring involved converting about $795 million of funded debt into equity.
Wall Street Breakfast
Intel names familiar face to lead
It also received a $350 million equity investment from existing investors to support future initiatives. Spirit CEO Ted Christie said throughout this process they've continued to make meaningful progress enhancing their product offerings while also focusing on returning to profitability and positioning the airline for long-term success.
Wall Street Breakfast
Intel names familiar face to lead
Spirit shares will trade in the over-the-counter marketplace and the company expects to relist its shares on a stock exchange as soon as reasonably practicable. The carrier, which previously focused on budget-conscious customers, launched new premium offerings and enhanced benefits last year to draw more affluent travelers. Now for a look at the trending articles on the homepage of Seeking Alpha.
Wall Street Breakfast
Intel names familiar face to lead
Sentinel-1 tumbles as weak guidance overshadows Q4 results. The head of the EPA launches 31 actions to roll back air and water rules in the greatest day of deregulation. And Budweiser APAC mulls job cuts to reduce costs by 15 percent, according to a report.
Wall Street Breakfast
Intel names familiar face to lead
On our Catalyst Watch for today, all investor days from these companies, Chef's Warehouse, National Cinemedia, Nova Limited, Beacon Roofing Supply, and Enable. Now for a check of the markets ahead of the opening bell. Dow, S&P and Nasdaq futures are in the red. Crude oil is also in the red, down 0.6% at $67 a barrel. Bitcoin is up 0.8% at $83,000.
Wall Street Breakfast
Intel names familiar face to lead
In the world markets, the FTSE 100 is up 0.4% and the DAX is down 0.2%. UiPath is on our list of the biggest movers of the day pre-market. Path is down 17% after the company delivered mixed Q4 results and issued a weaker-than-expected outlook. On today's economic calendar, at 8.30 a.m., jobless claims. Also at 8.30 a.m., PPI. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Intel names familiar face to lead
Former board member and Cadence Design Systems CEO Lip Bhutan is Intel's new chief executive officer. The appointment is effective March 18th of 2025. Tan, who stepped down from Intel's board in August, will rejoin the company's board of directors.
Wall Street Breakfast
Intel names familiar face to lead
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Intel names familiar face to lead
Frank Urie, who had been Intel's interim executive chair during the search for a new CEO, will go back to being Intel's independent chair, with Tan becoming CEO.
Wall Street Breakfast
Intel names familiar face to lead
Tan, who left Cadence in 2021 after leading the company for 12 years, replaces interim co-CEOs David Zisner and Michelle Johnston, who took over Intel when former CEO Pat Gelsinger abruptly retired in December 2024 amid concerns over the company's future. More on Intel in today's edition of the Wall Street Breakfast newsletter. You can sign up in show notes. INTC is up 10% in pre-market action.
Wall Street Breakfast
Intel names familiar face to lead
NASA and SpaceX scrubbed Wednesday's launch attempt of the agency's Crew-10 mission. This is the mission that was meant to facilitate the return of U.S. astronauts Butch Wilmore and Sonny Williams, who have been stuck in space for nine months. NASA was set to launch the SpaceX rocket from Florida to relieve Wilmore and Williams from the International Space Station.
Wall Street Breakfast
Reddit slips as costs soar
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, February 13th. I'm Julie Morgan. Reddit is experiencing rising costs. Your YouTube TV experience may be changing. And Baidu is putting a new price tag on Ernie.
Wall Street Breakfast
Reddit slips as costs soar
YouTube TV subscribers may lose access to Paramount-owned channels including CBS, Nickelodeon, Comedy Central, and MTV, among others, as YouTube and Paramount fail to reach a new agreement. The channels may be removed as early as today. YouTube stated that they are still actively negotiating with Paramount.
Wall Street Breakfast
Reddit slips as costs soar
They said in a blog post that if they cannot reach an agreement and their content is unavailable for an extended period of time, they'll offer subscribers an $8 credit. A spokesperson for Paramount said in a statement, that they've made a series of fair offers to continue their long-standing relationship with Google's YouTube TV.
Wall Street Breakfast
Reddit slips as costs soar
The statement goes on to say that YouTube TV is attempting to pressure Paramount to agree to one-sided terms and that the non-market demands may lead to an avoidable loss of Paramount's networks. YouTube and Paramount Global did not immediately reply to Seeking Alpha's request for comment.
Wall Street Breakfast
Reddit slips as costs soar
Baidu said that its AI chatbot ErnieBot will be available for free to all users starting April 1st, a move to help the Chinese search giant regain momentum in the AI race. Bloomberg reported that the AI service will be accessible on desktop and mobile platforms at no cost.
Wall Street Breakfast
Reddit slips as costs soar
Baidu is facing increasing competition in China's AI sector, especially from companies like DeepSeek that shook the AI industry just a few weeks ago. Baidu's stock in Hong Kong climbed as much as 7.9% following the announcement. The company also plans to launch the next generation of its AI model, Ernie5, in the second half of this year.
Wall Street Breakfast
Reddit slips as costs soar
Now for a look at what's trending at this early hour on Seeking Alpha. According to a report, Elon Musk will withdraw a $97.4 billion OpenAI offer if it stays non-profit. Security on our money. The U.S. Treasury Secretary is in Ukraine to talk rare earths and energy. And Nathan's famous century-old hot dog brand is said to be considering a sale.
Wall Street Breakfast
Reddit slips as costs soar
Social media company Reddit reported a massive surge in expenses led by its R&D spending, which cast a shadow on its better than expected fourth quarter results and guidance for the current quarter. RDDT shares, which IPO'd in March of last year, are down 13.6% in pre-market action.
Wall Street Breakfast
Reddit slips as costs soar
On our Catalyst Watch for the Day, Ardmore Shipping will hold its Investor Day event. The management team will provide a comprehensive update on product and chemical tanker markets, supply-demand fundamentals, and the impact of geopolitical volatility on trade routes and vessel demand.
Wall Street Breakfast
Reddit slips as costs soar
Additionally, Ardmore leadership will provide an overview of the company's strategy and capital allocation framework. Cybersecurity firm SailPoint will begin trading after pricing its IPO. And shareholders of Zuora will vote concerning the proposed buyout by Silverlake. Now for a look at the markets ahead of the opening bell. Dow, S&P and Nasdaq futures are in mixed territory.
Wall Street Breakfast
Reddit slips as costs soar
Crude oil is down 1.5% at $70 a barrel. Bitcoin is up 0.2% at $96,000. In the world markets, the FTSE 100 is down 0.8% and the DAX is up 1.1%. Applovin is on our list of the biggest movers of the day pre-market. App is up 28% after its Q4 results significantly exceeded expectations. On today's economic calendar, at 8.30 a.m., initial jobless claims, also at 8.30 a.m., PPI.
Wall Street Breakfast
Reddit slips as costs soar
That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Reddit slips as costs soar
Total costs and expenses in Q4 surged 52% to $374.8 million, led by a 69% increase in R&D expenses to $188.6 million. Net income for the three months ended December 31st was $71 million compared to $19 million a year ago. However, the net loss for 2024 increased fivefold to $484.3 million from last year due to IPO-related expenses, according to the company.
Wall Street Breakfast
Reddit slips as costs soar
On a per-share basis, Reddit earned $0.36 ahead of the average analyst expectation by $0.11 apiece. Revenue rose 71% to $427.7 million and handily beat estimates. In the company's shareholder letter, CEO Steve Huffman said Reddit experienced some volatility in Q4 with Google Search, which was triggered by a periodic algorithm change.
Wall Street Breakfast
Reddit slips as costs soar
But traffic from search has recovered so far in Q1, and they've regained momentum. For the first quarter, Reddit expects revenue between $360 and $370 million and adjusted EBITDA in the $80 to $90 million range. ahead of the Bloomberg consensus estimate of $358.7 million for revenue and $72.3 million for adjusted EBITDA.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, April 10th. I'm Julie Morgan. TSMC reports Q1 revenue. Amazon backs away from China and the cost of snail mail could go up.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Amazon has canceled orders that originate from China and Southeast Asian countries, leaving certain vendors on the hook with unsold inventory. According to a document viewed by Bloomberg, Amazon appears to be reducing its exposure to U.S. tariffs on imported merchandise from China-based suppliers who provide a significant portion of Amazon's components and finished goods.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
According to Bloomberg, a consultant to Amazon vendors claims the company has canceled several direct import orders of products made in China without warning. Because Amazon acts as the importer of record on these orders, it is responsible for paying import tariffs once the merchandise arrives in the U.S.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
However, if the order is canceled once shipping is initiated, the tariff burden lies with the vendor once the merchandise reaches the United States. The United States Postal Service announced proposed price changes for its mailing services, set to take effect on July 13, pending approval from the Postal Regulatory Commission.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Among the most notable changes is a 5-cent increase in the price of a first-class mail forever stamp, raising the cost to 78 cents. The adjustments approved by the USPS Board of Governors represent an average price increase of approximately 7.4% across mailing services.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
In addition to letter and postcard rates, the USPS is proposing adjustments to special services, including a 12% reduction in postal insurance rates, a rare cost decrease that may benefit shippers and online retailers. Now let's take a look at the top three stories that are trending on Seeking Alpha. Google reiterates its $75 billion spending plan for data centers amid tariff woes.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Taiwan Semiconductor Manufacturing reported a nearly 42% surge in Q1 revenue, fueled by strong demand for AI servers and smartphones ahead of looming U.S. tariffs. First quarter revenue totaled $25.6 billion, up 41.6% compared to the same period in 2024, marking the company's fastest pace of growth since 2022. According to Bloomberg, analysts on average expected around $25.3 billion.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Former Treasury Secretary Summers says the government is rightly scared after collapsing markets. And the EU is set to weigh buying more U.S. gas, but green transition is still in focus. On our Catalyst Watch for the Day, Walmart will hold its annual shareholder meeting and TD Sinex will hold its Investor Day event. Now for a look at the markets today ahead of the opening bell.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Dow S&P and Nasdaq futures are in the red. Crude oil is also in the red, down 2.8% at $60 a barrel. Bitcoin is down 0.7% at $82,000. Gold is up 0.8% at $3,111. In the world markets, the FTSE 100 is up 3.9% and the DAX is up 5.5%. Constellation Brands is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
STZ is down 4% despite a Q4 beat as the company's fiscal year 2026 outlook disappointed investors amid trade policy uncertainty. We have quite a bit to talk about on today's economic calendar. At 8.30 a.m., CPI. Also at 8.30 a.m., jobless claims.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
And again at 8.30 a.m., the Fed's Thomas Barkin will speak on driving through the economic fog and participate in a moderated Q&A session before the Talbot County Chamber of Commerce. At 10 a.m., the Fed's Jeffrey Schmid will speak on the economic outlook and monetary policy before the Secured Finance Network Independent Finance Roundtable 2025.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
At noon, the Fed's Austin Goolsbee will participate in a moderated Q&A session before the Economic Club of New York. And also at noon, the Fed's Patrick Harker will speak on fintech before the 2025 Fintech and Financial Institutions Research Conference. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
March revenue also rose 46.5 percent year-over-year as electronics makers built up inventories in U.S. warehouses, preparing for possible trade disruptions. If you remember last month, the CEO of TSMC and President Trump jointly unveiled a $100 billion expansion in U.S. chipmaking investments, supporting the White House's push to restore manufacturing.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
The president attributed the increased commitment to the impact of higher tariffs. Taiwan's semiconductor, whose customers include Apple, Nvidia, and AMD, will report its full Q1 earnings on April 17th, so just a week away.
Wall Street Breakfast
TSMC revenue surges on pre-tariff rush
Investors will be watching for a possible downward revision to the full-year sales target in capital expenditure plans, as the outlook for global chip demand weakens amid uncertainty following U.S. tariffs. The company expects net revenue in the range of $25 to $25.8 billion, with a consensus estimate of $25.52 billion for the first quarter of 2025, with a gross margin of 57 to 59%.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Thursday, March 6th. I'm Julie Morgan. A leadership shakeup, IPO plans, and a major buyback at 7 and high. Starlink pushes back on recent media reports. And Victoria's Secret sees growth but flags uncertainty. Seven and I has appointed its first foreign CEO.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Seven and I also plans to implement a progressive dividend policy and is continuing to sell down its ownership stake in its banking unit to below 40%. The company added that its special committee will continue to constructively engage with CouchTard on its takeover proposal and how to address U.S. antitrust challenges if a deal is reached.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
SpaceX on Wednesday clarified that Starlink was not getting any contracts from the U.S. government after recent media reports suggested that it could possibly receive one from the Federal Aviation Administration that was originally with Verizon.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Reports from major news outlets like the Washington Post, Bloomberg, Reuters, and the Associated Press allege that the FAA is thinking of nixing its $2.4 billion Verizon contract and giving the same to Starlink.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
The company clarified that it is working in coordination with L3Harris Technologies and the FAA to test the use of Starlink as part of an infrastructure upgrade that was, quote, so badly needed along with fiber, wireless, and other technologies. SpaceX went on to say that Starlink is a possible partial fix to an aging system, and it has no intent to take over any existing contract.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Victoria's Secret reported sales rose 1% year-over-year in Q4 to reach $2.106 billion. Total comparable sales were up 5% during the quarter. Notably, sales increased across most major merchandise categories, in stores and digital channels, and in both the company's North America and international businesses.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
The company's adjusted net income was $216 million or $2.60 per diluted share versus $2.30 consensus, while adjusted operating income reached $299 million. Those figures were positively impacted by a change in accounting related to gift card redemptions, which added approximately $26 million to net sales, gross margin, and operating income.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Excluding the accounting change, the company's performance still exceeded expectations, with net sales increasing by about 4% and adjusted operating income reaching $273 million, both at or above the high end. of previously communicated guidance ranges. Looking ahead, Victoria's Secret acknowledged some near-term headwinds and ongoing uncertainty in the macro environment.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
For Q1, Victoria's Secret sees revenue of $1.30 billion to $1.33 billion versus the $1.4 billion consensus. For fiscal year 26, guidance was set at revenue of $6.20 billion to $6.30 billion versus the $6.35 billion consensus. Pre-market Victoria's Secret is down nearly 2.7%. Now for a look at the trending articles on Seeking Alpha. Microsoft reportedly withdraws some agreements with CoreWeave.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Alibaba soars on a new AI reasoning model that rivals deep-seek and open AI. And President Trump grants the big three automakers a one-month delay on the Canada and Mexico tariffs. We have a very short list for our catalyst to watch for the day. Notable investor events include Confluence Investor Day, VF Corporation's Investor Day, and Wendy's Company's Investor Day.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
The company also announced plans to take its convenience store business public and implement an over $13 billion stock buyback. Steve Dacus, the head of the special committee evaluating the takeover bid by Canada's Alimentation Couchtard, will replace the current CEO. Seven and I also plans to list its 7-Eleven business on one of the major U.S.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red. Crude oil is up 0.4% at $66 a barrel. Bitcoin is up 1.5% at $91,000. In the world markets, the FTSE 100 is down 1% and the DAX is flat. Viva Systems is on our list of the biggest movers of the day pre-market. Veev is up 6% after the company delivered strong Q4 results and an upbeat outlook.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
On today's economic calendar, at 7.30 a.m., the Challenger Job Cut Report. At 8.30 a.m., International Trade in Goods and Services. And at 3.30 p.m., the Fed's Christopher Waller speaks on the economic outlook before the Wall Street Journal's CFO Network Summit. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
stock exchanges, with the IPO expected to happen by the second half of next year. Seven and I will retain its majority stake. The company also said it would sell a 60 percent stake in its supermarket business to a Bain Capital-owned special purpose company for the Japanese yen equivalent of $5.5 billion. 7NI will hold a 35.07% stake, while the founding family will own 4.93%.
Wall Street Breakfast
Seven & i names new CEO, plans U.S. IPO, buyback
The deal is expected to close in September. To further unlock shareholder value, 7NI plans to buy back shares worth the Japanese yen equivalent of $13.5 billion by fiscal year 2030 with the proceeds from the sale of its supermarket chain and the 7-Eleven IPO. The repurchases will begin once the Bain Capital deal closes.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Thanks for joining us on this Thursday, April 3rd. I'm Julie Morgan. Tariffs take center stage. RH is on the biggest movers list and Mitsubishi is making a $27 billion bet. When you go to Seeking Alpha, you see a host of articles all about tariffs. I'll give you a couple of examples.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
tariff rates and the countries targeted. It's in the show notes section of this podcast. A few other notable headlines related to tariffs. Chinese online retailers retreat as Trump ends de minimis exemption. Indian official calls Trump's 26% reciprocal tariff mixed bag, not a setback. And imported canned beers are slapped with a 25% tariff as consumers brace for higher prices.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
Now on to a couple of non-tariff-related stories. Shares of RH are down significantly pre-market. The home furnishings retailer warned that the ongoing economic challenges and sluggish housing market would necessitate a delay to some of its new collections and set Q1 and fiscal year 25 revenue expectations below Wall Street's estimates.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
Along with the miss on Q4 profit and sales, the company also noted challenges it will face this year, including the uncertainty surrounding tariffs, market volatility, inflation risk, and the worst housing market in almost 50 years. And because of $2.2 billion in stock repurchases conducted during the year, RH acknowledged that it ended the year with meaningful debt.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
In the reported quarter, RH missed on both the top and bottom line, earning an adjusted profit of $1.58 per share, up from $0.72 a year ago, but $0.33 less than anticipated. Total revenue improved by 10% to $812.4 million, but was also below expectations. RH is down 27% in pre-market action. Mitsubishi plans to invest at least 4 trillion yen or 27 billion U.S.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
dollars over the next three years, aimed at boosting net profit to 1.2 trillion yen in the 2027-28 financial year. Mitsubishi also said it would maintain its basic policy of progressive dividends and flexible share buybacks, including a plan to buy back up to 1 trillion yen of its own shares from April 4th to March 31st of 2026.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
Over the three-year period, Mitsubishi plans to allocate about 1 trillion yen to sustaining capital expenditure and more than 3 trillion to growth investments. Warren Buffett's Berkshire Hathaway, which has a 9.67% stake, is the company's largest shareholder. Now let's take a look at what's trending on Seeking Alpha. WW International is in talks to restructure debt, handing control to bondholders.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
According to the Wall Street Journal, Meta Zuckerberg is lobbying President Trump to escape an upcoming FTC trial. And Newsmax loses steam and gives up gains from post-IPO excitement. Now let's take a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in negative territory. Crude oil is down 4.3% at $68 a barrel. Bitcoin is down 1.5% at $83,000.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
China firmly opposes new U.S. tariffs and vows retaliation. And the EU indicates strong plans to counter U.S. tariffs if negotiations fail. Nations are responding, but U.S. Treasury Secretary Scott Besant is advising all countries... Besant told Fox News that the country should sit back, take it in, and let's see how it goes. Because if you retaliate, there will be escalation.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
Gold is down 1.3% at $3,120. In the world markets, the FTSE 100 is down 1.3% and the DAX is down 1.5%. Diageo is on our list of the biggest movers of the day pre-market. DEO is up 4% as analysts view the U.S. tariff announcement as avoiding the worst-case scenario for the spirits industry.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
On today's economic calendar, at 7.30 a.m., the Challenger job cut report, at 8.30 a.m., jobless claims, and at 4.30 p.m., the Fed balance sheet. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
If you don't retaliate, this is the high watermark. Apart from the baseline 10% tariff on all imports... Trump unveiled tariff rates of 34% on China, in addition to the existing 20% levy, and 32% on Taiwan. Tariff rates declared on U.S. allies, 25% on South Korea, 24% on Japan, and 20% on the European Union. U.S. trading partners Canada and Mexico were excluded from the 10% baseline tariff.
Wall Street Breakfast
Bessent warns retaliation on tariffs will lead to escalation
The existing tariffs of up to 25% on imports not compliant with the USMCA deal remain in place. While Ukraine is on the tariff list, Russia and Belarus are not. Besant said this is because the U.S. does not trade with these sanctioned countries. But government data showed that U.S. total goods trade with Russia was an estimated $3.5 billion in 2024. I've linked the complete list of U.S.
Wall Street Breakfast
Chinese tech stops slip
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, March 31st. I'm Julie Morgan. Chinese tech stocks slide. SpaceX is at odds with Apple. And Eli Lilly targets heart disease.
Wall Street Breakfast
Chinese tech stops slip
The Wall Street Journal reported on Sunday, citing unnamed sources that SpaceX, which runs Starlink satellite internet communications, has pushed for federal regulators to stall Apple's plans to expand its own satellite fleet. The company has also been lobbying the Federal Communications Commission to block Apple's partner,
Wall Street Breakfast
Chinese tech stops slip
GlobalStar from launching 48 low-Earth satellites, claiming that its C3 constellation would use the disputed 1.6 and 2.4 gigahertz spectrums. SpaceX and T-Mobile already have a deal with Apple to allow Starlink on new iPhones with services to start this summer. Eli Lilly released positive phase 2 results for its small interfering RNA drug candidate Lepodiceran on Sunday.
Wall Street Breakfast
Chinese tech stops slip
The trial results showed 94% lower levels of a genetically inherited heart disease risk factor in adults, with elevated risk taking the highest test dose of the drug candidate. Lepodiceran aims to lower the production of lipoprotein A, a genetically inherited risk factor of heart disease. Some patients showed sustained lower levels of LPA for nearly a year and a half.
Wall Street Breakfast
Chinese tech stops slip
The highest test dose was 400 mg. Trial participants who took 16 mg and 96 mg doses of Lepodiceran had a 40.8% and 75.2% reduction in LPA levels over the 18-month-long study received. The company said it will continue to evaluate the potential benefits of lepidoceran in the ongoing Phase 3 cardiovascular outcomes trial. Now for a look at what's trending on Seeking Alpha.
Wall Street Breakfast
Chinese tech stops slip
Oppenheimer names BDCs likely to hold up even with declining rates. President Trump says the TikTok deal will close before the April 5th deadline. And TSM reportedly reaffirms its pledge to Taiwan with a new facility amid a U.S. expansion. On our Catalyst Watch for the Day, the Optical Fiber Communication Conference in San Francisco takes place.
Wall Street Breakfast
Chinese tech stops slip
Chinese technology stocks have slipped into correction territory as investors book profits following the deep-seek-fueled rally, with the Hang Seng Tech Index declining about 12% since its highest level this year. The index fell 1.7% on Monday amid a broader decline in equities around the world. ahead of Donald Trump's massive tariff plan expected on Wednesday.
Wall Street Breakfast
Chinese tech stops slip
The four-day event is seen by analysts as being relevant to Broadcom, Marvell Technology, Coherent, Credo Technology, and Lumentum. And Intel will hold its two-day Intel Vision event. The conference will showcase how Intel technologies are being used to enable solutions and drive business success in the new era. They'll also hear from the new CEO.
Wall Street Breakfast
Chinese tech stops slip
Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the red. Crude oil is up 0.1% at $69 a barrel. Bitcoin is down 2.5% at $81,000. In the world markets, the FTSE 100 is down 1% and the DAX is down 1.1%. And the market in India is closed today for a holiday. WR Berkeley Corporation is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Chinese tech stops slip
WRB is up 7.5% after Mitsui Sumitomo Insurance, a unit of MS&AD Insurance Group from Japan, announced its acquisition of a 15% stake in the company by the end of March 2026. On today's economic calendar, at 9.45 a.m., Chicago PMI, and at 10.30 a.m., the Dallas Fed Manufacturing Survey. Speaking of survey, I have one for you.
Wall Street Breakfast
Chinese tech stops slip
We're looking for your input on the topics we cover here on the Wall Street Breakfast podcast. I'm including a link to the survey in show notes, and I look forward to hearing your thoughts. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Chinese tech stops slip
Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Chinese tech stops slip
Stocks in the Hang Seng Tech Index include Xiaomi down 3.4%, JD.com down 1.9%, Alibaba down 1.7%, and Tencent down 1.7% as well. A China strategist for Aletheia Capital told CNBC that there is no specific bad news for China tech stocks, so the recent correction is largely due to profit-taking and the relatively subdued China recovery.
Wall Street Breakfast
Chinese tech stops slip
A senior equity advisor at UBP said the correction is normal after the deep-seek-driven rally. He added, added that Chinese tech stocks still have room to appreciate given their relatively low valuations and earnings potential. The Hang Seng Index dipped 1% while the Shanghai Composite Index was down 0.5% at the time of this recording. SpaceX is reportedly clashing with Apple.
Wall Street Breakfast
23andMe bankrupt, CEO out
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, March 24th. I'm Julie Morgan. 23andMe files for bankruptcy. James Hardy is expanding and Meta Platforms is rejected. 23andMe has filed for bankruptcy protection. The company was once worth $6 billion after its SPAC merger in 2021.
Wall Street Breakfast
23andMe bankrupt, CEO out
In the meantime, 23andMe has secured up to $35 million in debtor in possession financing to support ongoing operations, with its CFO serving as interim CEO. James Hardy Industries has agreed to acquire outdoor living products maker AZEC. The cash and stock deal is valued at $8.75 million.
Wall Street Breakfast
23andMe bankrupt, CEO out
In a joint statement, the company said AZEC shareholders would receive $26.45 in cash and 1.034 ordinary shares of James Hardy for each AZEC common share they own. The deal is expected to close in the second half of the year. Korean chip startup Furiosa AI has rejected an $800 million takeover offer from Meta Platforms.
Wall Street Breakfast
23andMe bankrupt, CEO out
Bloomberg reported citing a person with knowledge of the matter that Meta had been in discussions about acquiring sole-based Furiosa AI since the start of this year. The company develops semiconductors for AI inferencing or services. The report said Furiosa plans to raise capital before eventually pursuing an initial public offering.
Wall Street Breakfast
23andMe bankrupt, CEO out
Its latest chip known as Renegade is built on Taiwan Semiconductor Manufacturing's 5-nanometer process and uses HBM3 memory chips supplied by SK Hynix. Renegade is reportedly designed to challenge products from industry leader NVIDIA, as well as fellow startups Grok, Samba Nova Systems, and Cerebra Systems. Now let's take a look at what's trending on Seeking Alpha at this early hour.
Wall Street Breakfast
23andMe bankrupt, CEO out
International names dominate the list of cheap stocks with strong momentum. Bloomberg says the AI boom echoes the dot-com bubble, but with key differences. And the Wall Street Journal reports that luxury cars face the biggest challenges from Trump's tariffs.
Wall Street Breakfast
23andMe bankrupt, CEO out
On our Catalyst Watch for the Day, DoorDash, William Sonoma, Expand Energy, and TKO Group officially joined the S&P 500 Index to replace BorgWarner, Teleflex, Celanese, and FMC. Now for a look at the markets ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is flat at $68 a barrel. Bitcoin is up 3.5% at $87,000.
Wall Street Breakfast
23andMe bankrupt, CEO out
In the world markets, the FTSE 100 is up 0.2% and the DAX is up 0.8%. Riot Platforms is on our list of the biggest movers of the day pre-market. Riot is up 4% after the company signed a term sheet for the potential acquisition of select Rhodium Encore assets at its Rockdale facility through its affiliate, Windstone US.
Wall Street Breakfast
23andMe bankrupt, CEO out
On today's economic calendar, at 8.30 a.m., the Chicago Fed National Activity Index. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
23andMe bankrupt, CEO out
It has a current market valuation of just under $50 million. Its CEO and co-founder, Ann Wojcicki, also resigned. 23andMe promised to revolutionize the healthcare industry with its affordable DNA tests, which detailed genetic lineage and was set to develop drugs that were tailored from the company's research. The biggest issue facing the company is that it has never reported a net profit.
Wall Street Breakfast
23andMe bankrupt, CEO out
No successful follow-up products or subscriptions were developed with its pharma partner, GSK, and the therapeutics development team was slashed in half by mid-2023 as interest rates rose and funding dried up. A massive data breach later that year also exposed the profile information of 6.9 million users, nearly half of 23andMe's reported customers.
Wall Street Breakfast
23andMe bankrupt, CEO out
Last November, the company cut its workforce by 40% and stopped the development of all its therapies. While Wojcicki has explored strategic alternatives, including attempts to take the company private, her bids were rejected by 23andMe's board. She's now out as CEO, but hopes the move will put her in the best position to pursue the company as an independent bidder.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, February 24th. I'm Julie Morgan. Alibaba is investing heavily in cloud and AI. ProSys makes a major acquisition, and Shein is not doing as well as it once did.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
ProSys announces plans to acquire Just Eat Takeaway's entire issued share capital for €20.30 per share via an all-cash public offer on the Amsterdam exchange for €4.1 billion or $4.3 billion. The all-cash offer represents a 49% premium to the three-month VWAP and a 22% premium to its highest share price in three months. The stock closed at €12.43 on Friday.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Just Eat Takeaway is a food delivery platform in 17 international markets. It generated €26.3 billion in GTV in 2024. and an adjusted EBITDA of €460 million. The deal is subject to customary pre-offer and offer conditions, including obtaining regulatory approvals. Sheehan's profit reportedly dropped by more than a third last year, ahead of the company's planned initial public offering in London.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
The Financial Times reported Sunday, citing two people familiar with the matter, that Sheehan's 2024 profit sank nearly 40% to $1 billion. Pressured by a poor final three months in competition from TMU, the sources said... According to the report, the people said sales rose 19% to $38 billion, and one said the numbers came from the internal projections ahead of final results.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Bloomberg reported last week that Shein had been under pressure to cut its valuation to around $30 billion ahead of the IPO in the UK. According to Bloomberg, shareholders suggested that the change was needed to get the IPO across the finish line. Now for a look at what's trending on Seeking Alpha. A Bybit hack, $1.5 billion was stolen from the Ethereum wallet in the largest ever crypto heist.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Doge is reportedly laying off workers at the auto safety agency overseeing Tesla. And the new Captain America movie crashes in its second weekend. On our Catalyst Watch for the Day, the post-IPO quiet period expires on Smithfield Foods and Beta Bionics to free up analysts to post ratings. The tender offer for QXO's hostile takeover bid of Beacon Roofing will expire.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Alibaba on Monday unveiled plans to invest at least 380 billion yuan or $52.44 billion in its cloud computing and artificial intelligence infrastructure over the next three years. The investment, which exceeds Alibaba's total AI and cloud spending over the past decade, comes as global competition between the U.S., China, and Europe heats up.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
And Applied Materials Management will participate in a panel discussion during the SPIE 2025 conference. Now let's check out the markets ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is flat to $70 a barrel. Bitcoin is down 0.5% at $95,000. In the world markets, the FTSE 100 is up 0.2% and the DAX is up 0.6%.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Equinox Gold is on our list of the biggest movers of the day pre-market. EQX is up 3% after the company announced plans to acquire all outstanding common shares of Caliber Mining in a court-approved deal. On today's economic calendar, at 8.30 a.m., the Chicago Fed National Activity Index. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
During its latest earnings call, Alibaba's CEO emphasized that cloud computing remains Alibaba's clearest revenue driver in AI, with demand for AI hosting services surging. Alibaba's cloud intelligence group's revenue, excluding revenue from Alibaba-consolidated subsidiaries, grew 11% year-over-year for the three months ended December 31st.
Wall Street Breakfast
Alibaba bets $52B on AI, cloud
Alibaba has been developing large language models, or LLMs, to compete with its Western and local rivals. Last month, the company unveiled that its Quen 2.5 VL model, which it said fared better than OpenAI's GPT-40, Anthropix Clawed 3.5 Sonnet, and Gemini 2.0 Flash in math, document analysis, video analysis, and question-answering evaluations.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, March 17th. I'm Julie Morgan. Buffett is boosting his bets. Forever 21 is doing something it's done before. And Joby teams up with Virgin Atlantic. Warren Buffett's Berkshire Hathaway has raised its holdings in five Japanese trading houses.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Joby Aviation has partnered with Virgin Atlantic for the launch of Joby's air taxi service in the UK. The companies made the announcement on Saturday. The partnership builds on an existing agreement between Joby and Delta Airlines, which owns a 49% stake in Virgin Atlantic, to launch the service in the US and UK.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Joby said it has completed thousands of test flights, including exhibition flights in New York City, Japan and Korea. Now for a look at what's trending on Seeking Alpha. Seeking Alpha is asking its analysts what's next for quantum computing stocks. What will happen to payment stocks in a recession? Bernstein is taking clues from 2008.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
And President Trump is expected to speak with Putin on Tuesday amid efforts to broker a Ukraine ceasefire. On our Catalyst Watch for the Day, the four-day Oppenheimer 35th Annual Healthcare MedTech and Services Conference will include presentations from RadNet, Angio Dynamics, and Butterfly Network.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
The two-day Piper Energy Conference will include presentations from Phillips 66, Oceaneering International, and Helix Energy. The annual Roth Conference will include participation from about 500 private and public companies in various growth sectors. Participating companies include D-Wave Quantum, TerraWolf, and Hut8. And Amdocs will participate in an investor webinar hosted by J.P.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Morgan entitled MWC25, The Barcelona Express, The Future of Ubiquitous Connectivity, AI, and Everything in Between. Now let's get a look at the futures today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red. Crude oil is up 1% at $67 a barrel. Bitcoin is down 0.3% at $83,000. In the world markets, the FTSE 100 is up 0.1% and the DAX is down 0.1%.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
On today's economic calendar, before the opening bell at 8.30 a.m., retail sales. Investors will keep their eye on the February retail sales report, which is expected to come in at 0.6% month over month. Also at 8.30 a.m., the Empire State Manufacturing Survey. And after the opening bell at 10 a.m., the Housing Market Index.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
The March NAHB Housing Market Index is due today and is forecasted to come in at 42. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Regulatory filings show Berkshire's stake in Mitsui & Co. rose to 9.82% from 8.09%, while its holdings in Mitsubishi, Sumitomo, Itochu, and Marubeni also rose by some percentage points. Reuters reported this information, citing documents filed to Japan's securities watchdog by National Indemnity Company.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
The filing showed Buffett's annual letter to Berkshire shareholders last month, where he said the five trading houses agreed to moderately relax limits that cap Berkshire's ownership stakes below 10%. Forever 21 filed for Chapter 11 bankruptcy on Sunday for the second time in six years amid weak sales and increasing competition from online retailers.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
Court documents showed that the company filed for Chapter 11 bankruptcy in Delaware. In its petition, it listed assets of $100 million to $500 million and liabilities of $1 billion to $10 billion. The brand has 540 locations globally, according to its website.
Wall Street Breakfast
Buffett raises stakes in Japanese trading houses
A group of buyers, including Simon Property Group, Brookfield, and Authentic Brands, teamed up to buy Forever 21 out of bankruptcy through a venture called Spark Group. Spark announced this year it was combining with JCPenney to form Catalyst Brands. At the time of the merger, Catalyst said it was exploring strategic options for the operations of Forever 21.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. It is so good to have you with us today on this Eagles Monday, February 10th. I'm Julie Morgan. Nippon Steel is considering changing its offer for U.S. Steel. TSM is updating its Q1 outlook, and Boeing is laying off workers in one program.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
The chipmaker estimates losses from the earthquake to be about $161 million after insurance claims. The company maintains a Q1 gross profit margin between 57% and 59%. and an operating profit margin between 46.5% and 48.5%. TSMC said that it is working to recover the lost production and there is no change to its full-year outlook.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
The company said in a statement that a certain number of wafers in process were impacted and had to be scrapped due to the earthquake and aftershocks. They added that there was no structural damage. The chipmaker reported consolidated January net revenue rose 5.4% from the previous month, climbing 35.9% year over year.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
Boeing over the weekend said it was cutting staff in its space launch system that is part of NASA's Artemis program to bring humans back to the moon for the first time in 50 years. The aviation giant said it expects to eliminate 400 jobs amid revisions to the program and its costs. Affected employees will receive 60-day notices of the involuntary layoffs in the coming weeks.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
Artemis' launches were estimated to cost $93 billion through 2025. Of course, I have a look for you at what's trending on Seeking Alpha. Disney is reportedly beginning to worry about the cost of Disney vacations. We also have a look at why one economist sees no Fed rate cuts this year.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
And keeping with the same topic of the Fed and rates, Apollo's chief economist said a Fed rate hike could come as early as June. On our Catalyst, watch for the day. Trading around DraftKings, Flutter Entertainment, and BetMGM could be impacted by the results of the Super Bowl and the implied hold rates for sportsbooks. And McDonald's will hold its earnings conference call.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
Lamb Weston trades in tandem with McDonald's more than 80% of the time after earnings. Yum! Brands and Restaurant Brands International also have strong trading correlations with MCD following earnings. Now let's take a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is up 1.3% at $71 a barrel. Bitcoin is up 1% at $97,000.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
In the world markets, the FTSE 100 is up 0.6% and the DAX is up 0.1%. BP is on our list of the biggest movers of the day pre-market. BP is up 7% following reports that activist investor Elliott Management has acquired a stake in the oil major. We first told you about this stake yesterday, Sunday, on Wall Street Brunch with Kim Kahn.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
Nippon Steel is considering a bold change in plans from its previous approach of seeking to buy U.S. steel. According to Reuters, Japan's cabinet secretary said Monday that the revision would create a win-win situation for both Japan and the U.S. through significant investments and the production of high-quality products sought by the U.S. and global markets.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
That's it for today's Wall Street Breakfast. Thank you so much for listening. I'm Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
President Trump said on Friday that Nippon Steel's buyout attempt of U.S. Steel would take the form of an investment instead of a purchase, although the Japanese steelmaker reportedly has not yet withdrawn its bid. The president also said on Sunday that no one can take a majority holding in U.S. Steel and that the U.S.
Wall Street Breakfast
Nippon Steel rethinks US Steel deal
will impose 25% tariffs on all steel and aluminum imports on top of existing duties. with specifics to be announced today. U.S. Steel is up 7% in pre-market action after falling nearly 6% on Friday. Taiwan Semiconductor Manufacturing said it expects revenue for Q1 2025 to be closer to the lower end of the guidance range of $25 and $25.8 billion due to the earthquake that occurred in January.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's Monday, April 7th. Thanks for joining us today. I'm Julie Morgan. Crypto falls. Apple and Tesla get target cuts and Saudi Arabia cuts oil prices for Asia.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
President Trump's sweeping global tariffs announced last week constitute a disaster for Tesla and Apple, according to Wedbush Securities Analyst Dan Ives, who substantially lowered his price target for both companies.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Ives, who is traditionally one of Tesla and Apple's most bullish followers and advocates on Wall Street, slashed Tesla's price target from $550 to $315, an over 40% cut, and reduced Apple's PT from $325 to $250, a 20% fall. Wedbush's bear case for Apple is $160. The firm maintained its outperform rating for both stocks.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Saudi Arabia, the world's largest oil exporter, has lowered its crude oil prices for Asian buyers to the lowest level in four months, just days after a surprise move by OPEC Plus to boost production. According to a pricing document released on Sunday, Saudi Aramco reduced its May official selling price for Arab light crude by $2.30, setting it at $1.20 per barrel above the Oman-Dubai average.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Prices for other grades sold to Asia were also cut by $2.30 a barrel. This marks the second month in a row that Aramco has reduced prices, reflecting market softness and oversupply concerns. The cuts follow an unexpected decision last Thursday by eight OPEC Plus members to accelerate the unwinding production limits by adding 411,000 barrels per day to the market in May.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
That announcement deepened an already sharp drop in oil prices. Now for a look at three articles that are trending on Seeking Alpha. Trump calls tariffs medicine and says it's a beautiful thing to reduce the deficit. Panic selling in Asia, circuit breakers triggered in Japan, South Korea, and Taiwan. And Israel's Netanyahu becomes the first foreign leader to discuss tariffs in Washington.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Bitcoin and major cryptocurrencies suffered a significant sell-off in early trade, with Bitcoin sliding below the $75,000 mark for the first time since November 7th of last year. The most popular cryptocurrency traded at around $74,776.46 at 3 a.m. Eastern Time, erasing nearly all the gains since Donald Trump's election victory in early November.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
We have quite a bit on our catalyst to watch for the day. The NAB show in Las Vegas will continue after starting over the weekend. Comcast, Verizon, and Sinclair are some of the companies expected to make announcements. Speakers at the TED conference include OpenAI's Sam Altman, former Google CEO Eric Schmidt, and the founder of Whole Foods. The four-day Fortinet Accelerate 25 event will begin.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
The CEO will be one of the keynote speakers. Shares of Fortinet have rallied in the past following the event. The four-day Needham Virtual Healthcare Conference will include presentations and a fireside chat from leading public and private companies in the biopharma, medtech, diagnostics, and digital health sectors.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Participating companies include Immunome, Lucid Diagnostics, and Rocket Pharmaceuticals. And the four-day Space Symposium conference in Colorado Springs will feature representatives from the U.S. Space Force, Palantir, NASA, Amazon, AWS, Northrop Grumman, Raytheon, L3Harris, Blue Origin, and SpaceX. Now let's take a look at the markets today ahead of the opening bell. The sell-off continues.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Dow, S&P, and Nasdaq futures are in the red, all down around 4%. Crude oil is down 4.3% at less than $60 a barrel. Bitcoin is down 2.3% and now above that 75,000 mark that I told you about earlier. It's at 76,000. Gold is down 0.4% at $3,023. In the world markets, the FTSE 100 is down 5.1% and the DAX is down 6.3%. Shell is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Shell is down 7% after the company's Q1 2025 trading update highlighted higher upstream tax costs and a potential $5 billion working capital build, despite solid gas and oil trading. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
The digital currency is pressured by widespread bearish sentiment across the crypto market and ongoing struggles in U.S. stocks amid Trump's aggressive tariff policies. The total market capitalization of all cryptocurrencies fell about 12 percent to $2.47 trillion, roughly where it stood when Trump sealed his win, according to data from CoinGecko.
Wall Street Breakfast
Bitcoin dips below $75K on tariff turmoil
Other notable crypto decliners include Ripple down 11.8% and Stellar down 9.3%. The sell-off comes amid heightened global trade tensions, with President Trump outlining reciprocal import tariffs on products coming worldwide into the U.S. last week. Crypto names in the red pre-market include MicroStrategy down 12.4%, CleanSpark down 12.9%, and Mara Holdings down 11.4%.
Wall Street Breakfast
U.S. crypto reserve takes shape
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Monday, March 3rd. I'm Julie Morgan. Cryptocurrencies rally as the crypto strategic reserve takes shape. Protesters spend their weekend at Tesla dealerships. And are U.S. stocks in a super bubble? Jeremy Grantham says yes.
Wall Street Breakfast
U.S. crypto reserve takes shape
And this has moved up the rank of super bubbles. He added that this is nowhere near Japan, the mother and father of all super bubbles in 89, and it's also nowhere near their real estate bubble of the same era. This is not the first time the co-founder of asset management firm GMO has predicted doom. He warned investors to avoid U.S. stocks in 2024 and predicted a 50 percent drop. in 2023.
Wall Street Breakfast
U.S. crypto reserve takes shape
The S&P 500 ended both years with gains exceeding 23%. However, Grantham still commands a massive following due to him correctly predicting the 2008 housing market crash and the dot-com bubble. Calling tech, AI, and AI-adjacent stocks overvalued, Grantham said he would feel safe investing in greening the economy without specifying particular assets.
Wall Street Breakfast
U.S. crypto reserve takes shape
Protesters assembled at Tesla showrooms across the United States this weekend to protest Elon Musk's role in slashing government jobs as the head of the Department of Government Efficiency. The protests are a part of Tesla Takedown, which encourages stakeholders to sell your Teslas, dump your stock, and join the picket lines.
Wall Street Breakfast
U.S. crypto reserve takes shape
Several demonstrators were arrested outside a Tesla dealership in Manhattan, according to a post on X by Action Group. rise and resist. Elon Musk is the world's richest person with a net worth of over $300 billion and is leading the Trump administration's efforts to shrink the federal government. The SpaceX CEO has vowed to slash between $1 and $2 trillion from the annual federal budget by 2026.
Wall Street Breakfast
U.S. crypto reserve takes shape
Doge has moved swiftly through the federal government since Trump took office on January 20th, cutting tens of thousands of federal jobs, hollowing out certain departments, and terminating hundreds of aid contracts. These firings have created chaos at some federal agencies, with some forced to rehire key workers that have been fired.
Wall Street Breakfast
U.S. crypto reserve takes shape
If you remember, last week we told you that Tesla's market cap fell below $1 trillion after data showed the electric vehicle maker's sales in Europe tumbled 45% in January. Now for a quick look at what's trending on Seeking Alpha at this early hour. Google's co-founder urges AI staff to turbocharge efforts and work 60 hours per week. China's Honor plans to invest over $10 billion in AI devices.
Wall Street Breakfast
U.S. crypto reserve takes shape
And Europe rallies behind Ukraine after the Trump-Zelensky clash. Defense stocks soar. On our Catalyst Watch for the Day, MWC Barcelona, also known as Mobile World Congress, will take place over four days. The annual gathering brings together global leaders in the technology, mobile, and connectivity industries.
Wall Street Breakfast
U.S. crypto reserve takes shape
Bitcoin briefly crossed $95,000 on Sunday after President Trump talked up cryptocurrencies and named five digital assets he expects to include in a new U.S. crypto strategic reserve. Other cryptocurrencies also rallied as the president named previously unannounced digital assets for his planned crypto reserve. Trump on social media said his January executive order would create a crypto stockpile
Wall Street Breakfast
U.S. crypto reserve takes shape
And Charter Communications CEO Christopher Winfrey will participate in the Morgan Stanley Technology, Media, and Telecom Conference. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is flat at $69 a barrel. Bitcoin is up 7.4% at $92,000. In the world markets, the FTSE 100 is up 0.6% and the DAX is up 1%.
Wall Street Breakfast
U.S. crypto reserve takes shape
Lee Auto is on our list of the biggest movers of the day pre-market. LI is down 8% after the EV maker reported February 2025 deliveries of 26,263 vehicles, bringing its total deliveries to 1.1 million. While this represents a 29.7% year-over-year increase, month-over-month sales continue to decline, falling 12.2% in February, following a 48.9% drop in January.
Wall Street Breakfast
U.S. crypto reserve takes shape
On today's economic calendar, at 10 a.m., construction spending, and at 11.35 a.m., the Fed's Alberto Musalem speaks on the U.S. economy and monetary policy and participates in a moderated conversation before the National Association for Business Economics' 41st Annual Economic Policy Conference.
Wall Street Breakfast
U.S. crypto reserve takes shape
That's it for today's Wall Street Breakfast. Thank you so much for being here. Go out and make it a great day.
Wall Street Breakfast
U.S. crypto reserve takes shape
that will include Bitcoin, Ethereum, XRP, SOL, and ADA. Bitcoin jumped over 10%, Ethereum 12%, XRP 31%, Solana 21%, and ADA nearly 60%. Trump's order issued in January talked about the potential creation and maintenance of a national digital asset stockpile, but did not specify any tokens. He's hosting the first White House crypto summit on Friday.
Wall Street Breakfast
U.S. crypto reserve takes shape
Legendary market strategist Jeremy Grantham said the U.S. stock market is in a super bubble, ranking it the third behind Japan's bubble in 1989 and the real estate bubble of the same era. He said on a Bloomberg podcast interview that he's always looked at it from the point of view that the longer and the bigger and the higher it goes, the more exciting and dangerous it will be.
Wall Street Breakfast
Coffee prices poised to perk up
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, March 28th. I'm Julie Morgan. How much are you willing to pay for a cup of coffee? CoreWeave trims its IPO and Dockers could soon have a new owner.
Wall Street Breakfast
Coffee prices poised to perk up
Corweave set its initial public offering price at $40, which is less than its earlier estimate, selling 37.5 million shares for $1.5 billion. The offering comprises 36.59 million shares of Class A common stock to be sold by the firm and 910,000 shares to be sold by existing stockholders.
Wall Street Breakfast
Coffee prices poised to perk up
In addition, the company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 5.6 million shares. The stock goes live on the NASDAQ this morning under the ticker symbol CRWV. The offering is expected to close on March 31st, subject to the satisfaction of customary closing conditions.
Wall Street Breakfast
Coffee prices poised to perk up
The artificial intelligence hyperscaler expected a midpoint of $51 per share, according to a filing last week with the U.S. Securities and Exchange Commission. However, the company downsized to incentivize investors. The reduction in share volume and value was also related to recent stock market volatility, according to Bloomberg. This gives it a valuation of around $20 billion.
Wall Street Breakfast
Coffee prices poised to perk up
NVIDIA, a backer of CoreWeave, was expected to buy $250 million worth of shares at $40 each, according to various reports. NVIDIA owned about 6% of the company before this reported haul. Marquee Brands is in exclusive discussions with Levi Strauss to purchase the Dockers brand.
Wall Street Breakfast
Coffee prices poised to perk up
According to a Women's Wear Daily report on Thursday, which cited unidentified sources, if a transaction with Marquee does not happen, there are other buyers, including authentic brands. The timing of a potential deal was not clear, though Levi Strauss is scheduled to report its Q1 results on April 7th.
Wall Street Breakfast
Coffee prices poised to perk up
You've heard a lot about the increase in the price of eggs in recent months, but what about the juice that keeps you going? No, not OJ, a cup of Joe. Reuters reported that you may soon have to pay up to 25% more for coffee, as companies such as Lavazza, Nestle, and J.D.E. Peets are reportedly in talks with retailers to raise prices to pass on the cost from surging Arabica prices to consumers.
Wall Street Breakfast
Coffee prices poised to perk up
Marquee could not be reached for comment by Women's Wear Daily, and Levi's declined to comment on Thursday. The report comes after Levi Strauss announced in October that it was considering strategic alternatives for its Dockers brand, which could result in a sale. Now let's take a look at what's trending on Seeking Alpha. Auto tariffs. Tesla, Rivian, and Lucid produce their vehicles in the U.S.
Wall Street Breakfast
Coffee prices poised to perk up
Ford is better positioned than GM. The Trump administration reportedly seeks control over future investments in Ukraine's infrastructure and minerals. Analysts say Europe's sales decline is temporary and the revamped Model Y can help Tesla. And HSBC reportedly terminated investment bankers on bonus day and did not pay the bonuses. On our Catalyst Watch for the day, it's very light.
Wall Street Breakfast
Coffee prices poised to perk up
Newsmax is expected to price its upcoming IPO. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red. Crude oil is flat at $69 a barrel. Bitcoin is down 2.5% at $85,000. In the world markets, the FTSE 100 is down 0.1% and the DAX is down 0.5%. Lululemon Athletica is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Coffee prices poised to perk up
Lulu is down 12% despite a strong Q4 as disappointing guidance and weaker than expected same-store sales overshadowed earnings. On today's economic calendar, at 8.30 a.m., personal income and outlays. At 10 a.m., consumer sentiment.
Wall Street Breakfast
Coffee prices poised to perk up
At 12.15 p.m., the Fed's Michael Barr will participate in a banking policy discussion before the 2025 Banking Institute event hosted by the University of North Carolina Law School. And at 3.45 p.m., the Fed's Rafael Bostic will moderate the U.S. Housing Finance Policy Panel before the third annual Georgia Tech Atlanta Fed Household Finance Conference. That's it for today's Wall Street Breakfast.
Wall Street Breakfast
Coffee prices poised to perk up
Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Coffee prices poised to perk up
According to the Food and Agriculture Organization, world coffee prices jumped to a multi-year high in 2024. Production has been impacted by prolonged dry weather and drought in Brazil and Vietnam, as well as heavy rains in Indonesia. Brazil and Vietnam together account for more than 50% of the world's coffee production.
Wall Street Breakfast
Coffee prices poised to perk up
Global prices for the higher-quality Arabica, favored in the roast and ground coffee market, soared 70% last year and gained another 20% so far in 2025. Reg Watson, the director of equity research at ING, told Reuters that retail prices could rise 15 to 25%. Dutch firm JDE Peet said it would hike prices to absorb the cost from coffee inflation.
Wall Street Breakfast
Coffee prices poised to perk up
And one Brazilian roaster reportedly raised roast and ground prices by 14.3% in March, after hikes of 11% in January and 10% in December. Folgers coffee maker J.M. Smucker, which raised prices last June and October, said it expects another hike in the first half of the next fiscal year.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, February 28th. I'm Julie Morgan. Rocket Lab and SoundHound are on the biggest movers list ahead of the opening bell. Edison leans in on California's wildfire fund. And ByteDance is planning a multi-billion dollar investment in Thailand.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Edison International is counting on California's wildfire fund if the company's equipment is found to have caused last month's deadly Eaton fire near Los Angeles. The Southern California Edison utility faces a rising number of lawsuits claiming its power lines caused last month's fire.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
But according to Reuters, the CEO said on Thursday on the company's earnings call that they have confidence in the California Wildfire Fund. The fund allows the state's utilities to recover some wildfire-related claims payments. It has $21 billion and has been largely untapped by investor-owned utilities.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Edison International shares have fallen by more than a third since the start of the wildfires as investors worry the company could face massive liability claims. No official cause for any of last month's fires, including Eaton, has been determined. The Eaton fire burned 14,000 acres, destroyed more than 9,400 structures, and killed 17 people.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
And one Jeffries analyst estimates the fire's damage would cost $22 billion dollars before any settlement discounts. ByteDance's TikTok plans to invest $8.8 billion in data centers across Thailand over the next five years. TikTok's vice president of public policy confirmed this during an event in Bangkok.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
However, it remains unclear whether this investment includes a previously announced $3.8 billion agreement for data hosting services in Thailand, which was approved by Thailand's Board of Investment last month.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
According to a Reuters report, the move aligns with Thailand's goal of becoming a digital innovation hub in the region, as it attracts significant investments for major tech companies like Google and Amazon Web Services. Now for a quick look at what's trending on Seeking Alpha. Bitcoin falls below $80,000 and is at risk of erasing all post-election gains.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Red Robin's surprise rally shows investor confidence in its turnaround plan. And Alphabet falls into oversold territory for the first time in five months. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is down nearly 1.2% at $69 a barrel. Bitcoin is down 8.2% at $79,000.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
In the world markets, the FTSE 100 is up 0.2% and the DAX is down 0.4%. On today's economic calendar, at 8.30 a.m., personal income and outlays, and at 9.45 a.m., Chicago PMI. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Rocket Lab USA is down 11% in pre-market action. Shares plunged on a soft outlook despite a record-setting year, with annual revenue reaching $436.2 million, up 78% year-over-year, and a record Q4 revenue of $132.4 million, up 121% year-over-year. The company expects Q1 2025 revenue between $117 and $123 million,
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
below the $135.67 million consensus and an adjusted EBITDA loss between $33 and $35 million. SoundHound is up 7% pre-market. Shares surged after Q4 results beat estimates, with revenue rising 101% year-over-year. Strong year-end performance propelled the company to the top end of its revenue guidance range, driven by momentum and voice-enabled agentic AI.
Wall Street Breakfast
Rocketlab drops, SoundHound climbs in premarket trading
SoundHound ended the year with nearly $200 million in cash and no debt. The company raised its full-year 2025 revenue outlook to a range of $157 to $177 million, up from the prior range of $155 to $175 million. You can check out the full list of the biggest stock movers on this final day of February. The link is in show notes.
Wall Street Breakfast
Gold extends record run
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, March 21st. I'm Julie Morgan. Gold notches its eighth straight gain. Nike warns of headwinds and Florida lawmakers are proposing major tax relief.
Wall Street Breakfast
Gold extends record run
while gross margin is seen retreating quarter over quarter and year over year. Pre-market, Nike is down nearly 5%. Florida lawmakers have put forward multiple bills aimed at easing the burden of homeownership, including reducing property taxes and even ditching them completely.
Wall Street Breakfast
Gold extends record run
State Senator Jonathan Martin, a Republican from Fort Myers, this week filed a bill calling for an official study to establish a framework for eliminating property taxes in Florida. The framework should aim to replace property tax revenues through budget cuts. sales-based consumption taxes, and locally determined consumption taxes.
Wall Street Breakfast
Gold extends record run
Florida Representative Ryan Chamberlain, a Republican from Bellevue, has filed a proposal that would create a $100,000 tax exemption on all properties and a bill for a 2% cap on annual property tax revenue growth. And another proposal, a state senator, a Republican from Spring Hill, proposed expanding the homestead exemption to $75,000 from $50,000.
Wall Street Breakfast
Gold extends record run
According to the nonprofit Florida Policy Institute, Florida's property taxes make up 18% of county revenue, 17% of municipal revenue, and 50 to 60% of school district revenue. It said that eliminating property taxes could create a revenue shortfall of about $43 billion, requiring substantial cuts to essential services or additional sales taxes to fill the gap.
Wall Street Breakfast
Gold extends record run
Florida Policy Institute said this would disproportionately impact low- and middle-income residents. Governor Ron DeSantis, in his State of the State address, said he supports lawmakers' efforts to bring relief to property owners, but affirmed that state taxes would not be raised to achieve this. Now for a look at what's trending on Seeking Alpha.
Wall Street Breakfast
Gold extends record run
Gold futures eked out another record high on Thursday, marking the eighth straight session that front-month gold settled higher, climbing 5% over that span. Front-month COMEX gold for March delivery finished higher by 0.1%, to a new record high settlement of $3,040 per ounce. But front-month March silver ended 0.5% lower to $33.78 per ounce, its third loss in four sessions.
Wall Street Breakfast
Gold extends record run
President Trump is set to announce a new Air Force contract for next-gen fighter jets. NVIDIA teams up with French quantum computing startup Pascal. And FedEx targets $2.2 billion in drive savings for fiscal year 25 amid strategic network transformation. Now let's check in to see the state of the markets ahead of the opening bell. Dow, S&P and Nasdaq futures are in the red.
Wall Street Breakfast
Gold extends record run
Crude oil is down 0.2% at $67 a barrel. Bitcoin is down 2% at $84,000. In the world markets, the FTSE 100 is down 0.4% and the DAX is down 0.5%. Quantum computing is on our list of the biggest movers of the day pre-market. QUBT is down 11%. Shares of quantum computing firms plunged after NVIDIA CEO expressed skepticism about the industry's near-term viability.
Wall Street Breakfast
Gold extends record run
On today's economic calendar, at 1 p.m., the Baker Hughes rig count. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Gold extends record run
Citi raised its price forecast for gold futures to $3,200 per ounce within the next three months. That's up $200 per ounce from the firm's previous outlook, possibly climbing as high as $3,500 by the end of the year if fears of growing U.S. economic woes take hold. Nike turned lower in the post-market session after the company warned that it faces a tough quarter.
Wall Street Breakfast
Gold extends record run
During the earnings call, Nike management said the company saw momentum with consumers through athlete storytelling, performance products, and big sports moments. The year-over-year revenue decline was led by a 17 percent drop in Greater China and consumer discretionary pressures in North America.
Wall Street Breakfast
Gold extends record run
The lower gross margin rate during the quarter was said to be due to higher markdowns, the impact of clearing inventory, and channel mix headwinds. For Q4, Nike expects headwinds to revenue and gross margin to be at a peak amid volatile FX, tariff pressure, and global macroeconomic weakness. Revenue during the quarter is expected to be down at the low end of a negative mid-teens range.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, February 21st. I'm Julie Morgan. Celsius buys Alani New. Japan pushes a Tesla-Nissan deal. And when it comes to streaming, YouTube is giving you another option.
Wall Street Breakfast
Celsius surges on Alani Nu deal
According to a Financial Times report that cites people with direct knowledge of the matter, this initiative, led by a former Tesla board member, aims to position Tesla as a strategic investor, particularly interested in acquiring Nissan's manufacturing plants in the U.S.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Merger talks with Honda were terminated last week, which has likely intensified Nissan's search for strategic alliances to bolster operations in the face of ongoing financial challenges. Nissan's stock jumped 10% on the Japanese stock exchange, after the news.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Separately, Moody's has downgraded Nissan's rating to junk, saying the decision reflects Nissan's weak profitability driven by slowing demand for its aging model portfolio. Moody's goes on to say that even if the company successfully executes its restructuring plan with cost reductions and new model releases, they don't expect free cash flow to turn positive until fiscal 2026 at the earliest.
Wall Street Breakfast
Celsius surges on Alani Nu deal
YouTube is planning to introduce a new lower-priced version of its paid video service. Bloomberg reported on Thursday that the service will target viewers who primarily want to watch programs other than music videos. The premium Lite YouTube plan will be announced soon in the U.S., Australia, Germany, and Thailand, the report said, citing a person familiar with the plans.
Wall Street Breakfast
Celsius surges on Alani Nu deal
The Verge previously reported that the premium light plan was being tested in overseas markets. The plan is now expected to officially roll out more broadly, including in the U.S. for the first time. Now for a look at what's trending on Seeking Alpha, a new number one. Amazon takes the quarterly revenue crown from Walmart.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Walgreens boots drops amid a report that Sycamore is bidding for family dollar chain. And Lilly's next obesity drug reportedly serves up dramatic weight loss and side effects. On our Catalyst Watch for the Day, SanDisk will start trading after being spun off from Western Digital.
Wall Street Breakfast
Celsius surges on Alani Nu deal
The business split will create two independent, publicly traded companies focused on different aspects of data storage technology. And the Cagney Conference will include presentations from Celsius Holdings and Nestle. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the green. Crude oil is down 0.8% at $71 a barrel. Bitcoin is up 1.2% at $98,000.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Celsius Holdings skyrocketed in late trading on Thursday after the company announced an acquisition of Alani Nutrition LLC for $1.8 billion. Alani Nu was founded in 2018 and is a female-focused brand that offers functional beverages and wellness products targeting Gen Z and millennial consumers.
Wall Street Breakfast
Celsius surges on Alani Nu deal
In the world markets, the FTSE 100 is up 0.1% and the DAX is flat. Block is on our list of the biggest movers of the day pre-market. XYZ is down nearly 7% after missing Q4 earnings estimates and issuing a disappointing outlook for Q1 and fiscal year 2025. On today's economic calendar, at 10 a.m., existing home sales. Also at 10 a.m., the quarterly services survey.
Wall Street Breakfast
Celsius surges on Alani Nu deal
At 11.30 a.m., the Fed's Mary Daly will give opening remarks before the Macroeconomics and Monetary Policy Conference hosted by the Federal Reserve Bank of San Francisco. Also at 11.30 a.m., the Fed's Philip Jefferson will speak on central bank communication before that same conference. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
Celsius surges on Alani Nu deal
To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Celsius surges on Alani Nu deal
John Finley, the chairman and CEO of Celsius, expressed enthusiasm for the acquisition, highlighting the respect for Alani News' strong community of supporters and authentic brand partnerships. Financially, the acquisition is expected to enhance Celsius' top-line growth and be cash EPS accretive in the first year of ownership.
Wall Street Breakfast
Celsius surges on Alani Nu deal
Notably, the company anticipates achieving $50 million in run rate cost synergies over two years post-close. The energy drink deal has implications for PepsiCo as a holder of a large stake in Celsius, as well as rivals Coca-Cola, Keurig Dr. Pepper, Zevia, and Monster Beverage all competing for beverage market share. Celsius is up 35% in pre-market actions.
Wall Street Breakfast
Celsius surges on Alani Nu deal
A high-level Japanese group, including a former prime minister, is proposing that Tesla invest in Nissan following the fallout of merger talks with Honda.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, March 14th. I'm Julie Morgan. A major EV player just got unplugged from a key rebate program in Canada, and you probably already know what's behind the policy shift. A strong holiday quarter is giving Ulta a boost, and Lee Auto just reported earnings.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Better-than-expected Q4 results that included above-consensus comparable store sales has raised the stock 7% in pre-market trading. Comparable store sales were up 1.5% in Q4, nearly double what the street was expecting and driven by a 3% increase in prices. But due to an extra week in fiscal year 23, net sales were down 1.9% to $3.48 billion, still beating expectations by $10 million.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
This contributed to a much better-than-expected profit of $8.46 per share, $1.31 better than estimates. Although Q4 results exceeded expectations, guidance for the current year was more conservative. For fiscal year 25, Ulta anticipates total sales to be between $11.5 and $11.6 billion, with the top end below the consensus forecast of $11.67 billion.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Profits are targeted for $22.50 to $22.90 per share, down from $25.34 in fiscal year 24 and below estimates of $23.54. Lee Auto has reported Q4 non-gap E-pads of 52 cents, beating by 12 cents. Revenue of $6.1 billion, up 3.7% year-over-year, misses by $60 million. Total deliveries for the fourth quarter of 2024 equaled 158,696 vehicles, representing a 20.4% year-over-year increase.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Vehicle sales were $5.8 billion in the fourth quarter of 2024, representing an increase of 5.6% from the fourth quarter of 2023 and an increase of 3.2% from the third quarter of 2024. Looking ahead to the first quarter of 2025, Lee Auto expects delivery of vehicles to be between 88,000 and 93,000 vehicles, representing a year-over-year increase of 9.5 to 15.7%.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
The company expects total revenues to be between $3.2 billion and $3.4 billion versus consensus of $4.90 billion, representing a year-over-year decrease of 8.7% to 3.5%. Pre-market Lee Auto is down 3.5%. Now for a look at what's trending on Seeking Alpha, we have a look at Morgan Stanley's top quality stocks to own for the long term.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
S&P Correction, we also have a look at the biggest decliners as the index logs its first 10% fall from the peak since 2023. And President Trump will reportedly invoke a wartime law as soon as today to fast-track deportations. On our Catalyst Watch for the Day, OIGlass will host an Investor Day event in New York City.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
We're looking at how Wall Street is reacting to the numbers. British Columbia has pulled rebates for residents to install Tesla chargers. BC Hydro, the province's power company, said in a notice on its website that Tesla's vehicle chargers, batteries, and inverters are not eligible for the rebates effective March 12th. The notice said that the government of B.C. and B.C.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
The Power of Glass event will feature presentations and a Q&A session with several members of the company's global leadership team. And Pilgrim's Pride will hold an investor day at the Nasdaq Market site in New York. Members of senior management will be discussing with investors and analysts the company's strategy, competitive advantages, and approach to capital allocation.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Now let's take a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is also in the green, up 1% at $67 a barrel. Bitcoin is down 0.6% at $82,000. In the world markets, the FTSE 100 is up 0.3% and the DAX is flat. And the market in India is closed today for a holiday.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Peloton Interactive is on our list of the biggest movers of the day pre-market. Peton is up 7.4%, as Canaccord upgraded the stock to buy, citing its leadership in connected fitness. On today's economic calendar, at 10 a.m., consumer sentiment, and at 1 p.m., the Baker Hughes rig count. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
Hydro are taking action to preference Canadian goods in their rebate programs going forward and to exclude where practicable U.S. produced goods. Other brands from American automakers such as Ford and Rivian appear to be unaffected, according to a search on B.C. Hydro's website, Ford Makes Vehicles in Canada.
Wall Street Breakfast
BC unplugs Tesla from charger rebates
The website shows that the province's rebates may cover up to half of the purchase price of a charger and installation. The news out of British Columbia came the same day as Tesla sent a letter to U.S. Trade Representative Greer warning of harmful impacts on automakers and consumers by retaliatory tariffs against the U.S. Ulta Beauty is reversing Thursday's losses during the regular session.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, February 14th. I'm Julie Morgan. Airbnb and Roku are on the rise pre-market as Twilio falls. GameStop is looking into crypto. And why exactly did Papa John's experience double-digit gains on Thursday?
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Roku highlighted clear paths to increasing key performance metrics, including streaming hours, platform revenue, adjusted EBITDA, and free cash flow, reaffirming its expectation to achieve full-year operating income profitability in 2026. Twilio has also landed on our biggest movers list. TWLO is down 9.5% pre-market after delivering mixed Q4 results and issuing weaker-than-expected Q1 guidance.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
The company forecast adjusted EPS of 88 to 93 cents per share, missing the 98 cents consensus, with revenue expected between 1.13% and $1.14 billion, the midpoint slightly below the $1.14 billion estimate.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Twilio reaffirmed its long-term financial targets from last month's Investor Day, projecting 7% to 8% organic revenue growth, non-gap operating income of $825 to $850 million, and free cash flow in the same range. DraftKings and Applied Materials are also on our Biggest Movers list. A link to the full list is in show notes. GameStop is thinking about investing in crypto.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Three sources told CNBC that the company is eyeing investments in alternative asset classes, including crypto and especially Bitcoin. Shares of the company rose as much as 20% after the bell. GME is up nearly 7% pre-market. One source said GameStop is still figuring out if the investment is sensible for the business and may not go through with it.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Online chatter about a Bitcoin strategy was floating around after CEO Ryan Cohen posted a photo on X over the weekend with strategy co-founder Michael Saylor. Sources told CNBC that Saylor, however, is not involved in GameStop's discussion about crypto investments at this time. Papa John's jumped 18% on a report that a Qatari-backed investor is considering a takeover of the pizza chain.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Earth Capital Management has spoken with advisors about a potential purchase of the $1.4 billion pizza chain, according to a semaphore report on Thursday, which cited people familiar with the matter. It is not clear how Earth plans to finance a potential takeover. Earth disclosed a 4.99% stake in Papa John's last year. Papa John's has a short interest of 13%.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Now let's take a look at what's trending on Seeking Alpha. U.S. electricity demand growth through 2027 will be like adding another California. Bridgewater takes a new stake in Tesla and exits Micron and Goldman Sachs in Q4 moves. And defense stocks slide after Trump's comments on spending cuts. Our Catalyst Watch looks light today.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Airbnb is up 13% pre-market after posting strong Q4 results, with gross booking value and nights and experiences booked rising 13% and 12% respectively, both exceeding expectations.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Space and Missile Specialist Carmen Space and Defense will begin trading after pricing its IPO. Now let's take a quick look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in mixed territory. Crude oil is up 0.2% at $71 a barrel. Bitcoin is up nearly 1% at $97,000. In the world markets, the FTSE 100 is down 0.2% and the DAX is down 0.5%.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
on today's economic calendar at 8 30 a.m retail sales and at 10 a.m business inventories and as a quick reminder this is a holiday weekend monday is president's day so the stock market will be closed therefore no wall street breakfast on that day so that means i'll see you again right back here dark and early on tuesday enjoy your weekend That's it for today's Wall Street Breakfast.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Thanks for listening. To take full advantage of Seeking Alpha, join the highest quality community of real investors discussing stocks and ETFs at seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
Revenue climbed 12%, leading to a profit of 73 cents per share, a sharp rebound from a 55 cents loss a year ago, and 15 cents above estimates, while adjusted EBITDA surged 31% to $765 million, easily beating the 651 million consensus.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
However, the company's Q1 outlook was muted due to an unfavorable calendar comparison from last year's Easter timing and leap day, which is expected to impact growth by about 3 percentage points. Roku is also up 13% in pre-market action after reporting strong Q4 results and providing a 2025 forecast that met consensus while aiming for profitability in fiscal year 2026.
Wall Street Breakfast
Biggest movers Airbnb, Roku surge as Twilio slides
The company projects 2025 revenue of $4.61 billion, slightly above the $4.6 billion consensus, and adjusted EBITDA of $350 million, surpassing the $290 million estimate.
Wall Street Breakfast
China hits back with 125% tariffs
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, April 11th, the final day of a very busy trading week. I'm Julie Morgan. China is not backing down. Lucid acquires some Nikola assets and Google is letting people go. China has announced an increase in tariffs on U.S.
Wall Street Breakfast
China hits back with 125% tariffs
These facilities collectively add more than 884,000 square feet to Lucid's Arizona footprint. In addition, Lucid plans to offer employment to more than 300 former Nicola employees in roles across its Arizona facilities. The transaction does not include the acquisition of Nicola's business, customer base, or a technology related to Nicola's hydrogen fuel cell electric trucks.
Wall Street Breakfast
China hits back with 125% tariffs
The agreement follows Nikola's bankruptcy auction, which concluded on April 10, as part of its filing for Chapter 11 bankruptcy relief. Google has laid off hundreds of employees from its Platforms and Devices division.
Wall Street Breakfast
China hits back with 125% tariffs
The information reported citing a source with direct knowledge of the matter, that this division oversees key products such as Android software, Pixel smartphones, and the Chrome browser. According to the report, a Google spokesperson said that since combining the platforms and devices teams last year, they focused on becoming more nimble and operating more effectively.
Wall Street Breakfast
China hits back with 125% tariffs
And this included making some job reductions in addition to the voluntary exit program that they offered in January. However, the company also noted that hiring continues across the globe. and in the U.S. Google did not immediately respond to Seeking Alpha's request for comment.
Wall Street Breakfast
China hits back with 125% tariffs
The move is part of restructuring that started last year when Google combined its Chrome and Android teams under the Pixels and Devices department. The combined company employed around 20,000 people at the time of the merger. Now for a look at what's trending on Seeking Alpha. The FDA will phase out its animal testing requirement and adopt AI methods. The U.S. dollar is below 100.
Wall Street Breakfast
China hits back with 125% tariffs
The euro is at a three-year high as investors flee dollar assets amid a tariff frenzy. And the defense secretary slashes $5.1 billion in defense spending deemed wasteful by Doge. On our Catalyst Watch for the day is an earnings watch. Notable companies due to report include JPMorgan Chase, Wells Fargo, Morgan Stanley, BlackRock, and Bank of New York Mellon.
Wall Street Breakfast
China hits back with 125% tariffs
Options trading implies a double-digit swing when Children's Place reports. By the way, earnings season is the top story in the Wall Street Breakfast newsletter, our daily one-page news summary. You can find a link to sign up for the newsletter in show notes. Now for a look at the markets today ahead of the opening bell. Dow S&P and Nasdaq futures are in the red.
Wall Street Breakfast
China hits back with 125% tariffs
Crude oil is also in the red, down 0.5% at less than $60 a barrel. Bitcoin is up 3% at $81,000. Gold is up 0.9% at $3,216. In the world markets, the FTSE 100 is down 0.4%. and the DAX is down 1.5%. Novartis is on our list of the biggest movers of the day pre-market. NVS is up 3% after the company announced its plans to invest $23 billion to build and expand 10 U.S.
Wall Street Breakfast
China hits back with 125% tariffs
goods to 125 percent, up from the previous rate of 84 percent, effective April 12th. Yes, tomorrow, according to the finance ministry. In a statement, China's Ministry of Finance warned that if the U.S. continues to substantially infringe upon China's interests, we will resolutely take countermeasures and fight to the end. The announcement follows the U.S.
Wall Street Breakfast
China hits back with 125% tariffs
facilities over five years, aiming to produce all key medicines domestically. On today's economic calendar, at 9 a.m., the Fed's Susan Collins will be interviewed on Yahoo Finance. At 10 a.m., Consumer Sentiment. Also at 10 a.m., the Fed's Alberto Musalem will speak on the U.S.
Wall Street Breakfast
China hits back with 125% tariffs
economy and monetary policy and participate in a moderated conversation before the Arkansas State Bank Department's 29th annual day with the commissioner. And at 11 a.m., the Fed's John Williams will speak on the economic outlook and monetary policy. before the Puerto Rico Chamber of Commerce. That's it for today's Wall Street Breakfast. Thanks for listening.
Wall Street Breakfast
China hits back with 125% tariffs
To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Wall Street Breakfast
China hits back with 125% tariffs
decision to raise tariffs on Chinese goods. The ministry added that China will disregard any additional U.S. tariffs imposed on Chinese products. China's finance ministry said in a statement that the U.S. imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion.
Wall Street Breakfast
China hits back with 125% tariffs
Electric vehicle maker Lucid Group has won a bid to acquire select facilities and assets in Arizona previously belonging to Nikola. According to the court filing, Lucid committed around $30 million in cash and non-cash considerations in exchange for Nikola's manufacturing facility in Coolidge, Arizona. It's Coolidge and Phoenix HQ leases and certain machinery, equipment, and inventories.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Friday, March 7th. I'm Julie Morgan. Another moon mission, another landing issue. Intuitive Machines is feeling the pressure. A judge agrees to fast-track a lawsuit challenging Paramount's $8 billion Skydance deal. And HPE disappoints.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
On Thursday, Chancellor Kathleen McCormick agreed to expedite the pension fund's lawsuit, but declined to issue a temporary restraining order to block the deal because it did not appear the deal was about to close. The closing of the Skydance deal is subject to the FCC's approval, and according to McCormick's ruling, the earliest the deal can close is March 20th.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
The merger has an April 7th end date, although it can be extended twice by 90 days if the FCC does not give clearance for the merger to close. Paramount said in its latest earnings report that it expects the deal with Skydance to close in the first half of 2025. Shares of Hewlett Packard Enterprise sank after the company reported its first quarter fiscal 2025 financial results and guidance.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
The outlook fell well below market expectations and HPE also revealed a cost reduction program that includes a workforce reduction by as many as 3,000. For the quarter ended January 31st of 2025, HPE reported adjusted earnings per share of 49 cents versus the consensus estimate of 50 cents. Revenue for the quarter totaled $7.9 billion, which was more than the estimate of $7.81 billion.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
For the entirety of fiscal 2025, the company said it expects adjusted EPS to have a midpoint of $1.80 versus the consensus of $2.12. HPE revealed that its board of directors approved a cost reduction program that plans to deliver $350 million in gross savings by fiscal year 2027 through reductions in the company's workforce.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
HPE also provided an update regarding its proposed $14 billion acquisition of Juniper Networks. In late January, the Department of Justice filed a complaint seeking to block the proposed merger. The DOJ argues that a merger between HPE and Juniper would minimize competition in the enterprise wireless market. The court set a trial commencement date of July 9th 2025.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
HPE has already received approval for the acquisition by the EU, United Kingdom, India, South Korea and Australia. Now let's see what's trending on Seeking Alpha. SpaceX's Starship explodes after launch again and debris disrupts Florida flights. Wedbush is going all in on Tesla. President Trump establishes the strategic Bitcoin reserve.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Intuitive Machines lost ground amid very volatile trading. The company believes the second lunar lander, Athena, may not be upright, repeating a similar issue from last year when the first probe landed lopsided on the moon. Intuitive Machines' Athena probe targeted a lunar landing at around 12.30 p.m. ET on Thursday, carrying NASA technology demonstrations and science investigations.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
And JP Morgan says cryptocurrency may likely remain under pressure over near term. On our Catalyst Watch for the Day, another light one, Will Scott Holdings will host an Investor Day event. And Just Eat Takeaway and Zscaler will participate in a virtual technology travel and gambling forum. Now let's check out the markets today ahead of the opening bell.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Dow S&P and Nasdaq futures are in the green. Crude oil is up 1.5% at $67 a barrel. Bitcoin is down 2.3% at $89,000. In the world markets, the FTSE 100 is down 0.6% and the DAX is down 1.9%. The gap is on our list of the biggest movers of the day pre-market.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Gap is up 18% as the retailer surpassed Q4 estimates, fueled by better-than-expected comparable sales in three of its four brands and its strongest gross margin in two decades. We have quite a bit on today's economic calendar. At 8.30am, the employment situation. At 10.15am, the Fed's John Williams will participate in a panel discussion of the U.S. Monetary Policy Forum report.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
The Fed's Michelle Bowman will participate in that same discussion. And at 12.30pm, Jerome Powell will speak on the economic outlook at that same event. At 12.20 p.m., the Fed's Adriana Kugler speaks on the rebalancing of labor markets across the world before the Bank of Portugal's conference on monetary policy transmission and the labor market. And just 40 minutes later at 1 p.m.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
at that same event, Adriana Kugler will participate in a monetary policy panel. And finally at 3 p.m., U.S. Consumer Credit. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Go out and make it a great day.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
The aircraft does have a signal and the company's CEO said they believe the lander is in the vicinity of the intended landing site. This setback has dampened optimism about intuitive machine space exploration capabilities, fueling uncertainty about its valuation and future prospects. Shares closed 20% lower on Thursday and continues to slide in pre-market trading with a loss of 34%. A U.S.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
judge in Delaware is willing to consider allegations brought against Paramount Global in a lawsuit. The lawsuit says the $8 billion sale to David Ellison's Skydance Media should be blocked from closing because it shortchanges public shareholders.
Wall Street Breakfast
Lunar lander woes send Intuitive Machines sliding
Reuters reported on Thursday, citing a court filing that an investor group called Project Rise Partners submitted a proposal in January valued at $13.5 billion to buy Paramount, but that was rejected by a Paramount special committee. In response, pension funds for New York City employees that own Paramount stock filed a lawsuit alleging the company's special committee