Schwab Network
4,326 episodes - English - Latest episode: 13 days ago - ★★★★★ - 23 ratingsSchwab Network is brought to you by Charles Schwab Media Productions Company (CSMPC), a subsidiary of The Charles Schwab Corporation and not a financial advisor, registered investment advisor, broker, or futures commission merchant. THE SCHWAB NETWORK SITE, CONTENT, APPS, and RELATED SERVICES, ARE ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES. Not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. ©2024 CSMPC. All rights reserved.
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Episodes
Bonds Signal A Recession; Stocks & Credit Don't
April 21, 2023 17:33 - 12 minutes - 109 MBMy sense is that the economy just simply does not justify rate cuts at this time, notes Neil Dutta. He discusses how bonds signal imminent recession, while stocks and credit don't. He talks about weighing the risk of a recession. He goes over the outlook for interest rates with a recession looming. He also highlights what the data is signaling about the health of the economy. He describes how the housing market is creating some incremental pipeline for future construction activity. Finally...
Geopolitical Tensions Impact EVs & Trends For Rare Earth Metals
April 21, 2023 16:07 - 9 minutes - 94.2 MBFutures hover around an unchanged line ahead of opening bells. Zayn Kalyan the report that the Biden administration is planning further limits for Chinese tech companies. He talks about how geopolitical tensions are impacting the electric vehicle supply chain. He goes over some notable lithium stocks which include ALB, LTHM, PLL, and LAC. He also notes that Chilean President Boric is to nationalize the lithium mining industry. He mentions supply and demand trends for rare Earth metals. Tun...
U.K. Inflation Print Surprised: What Does That Mean For The Dollar?
April 21, 2023 16:03 - 6 minutes - 174 MBThe U.K. inflation print definitely surprised, but you have to remember that the U.K. is also an outlier within the inflation story, with Brexit you have less mobility of labor, notes Jannis Meindl. He discusses the inflation picture and what investors need to know. he talks about the U.K. CPI for March 2023 which was released on April 19th. He then goes over central bank rates. He also talks about understanding the recent downtrends for the U.S. dollar (/DX). He previews the next FOMC mee...
Dan Ives On Tesla (TSLA) Worst Performer In S&P 500 & Apple (AAPL) In India
April 20, 2023 22:03 - 8 minutes - 112 MBTesla (TSLA) is among the worst performing S&P 500 stocks today. Dan Ives discusses TSLA's price cuts. TSLA has cut Model 3 U.S. vehicle prices by 11% this year. Wedbush is maintaining an outperform rating and says that TSLA has solid demand metrics, but the elephant in the room is softer margins. The analyst notes that margin compression and price cut narrative must be carefully managed over the coming quarters. Wedbush also has an outperform rating on Apple (AAPL). The analyst note says ...
Tesla (TSLA) Share Slump & D.R. Horton (DHI) Shares Hit High After Earnings
April 20, 2023 21:51 - 4 minutes - 38.4 MBTesla (TSLA) shares slump after latest earnings. Kevin Green discusses this as TSLA's revenue came in at $23.33 versus an estimated $23.47 and its 1Q operating margin came in at 11.4%. He also talks about how D.R. Horton (DHI) shares hit a new 52-week high after earnings that were released today, April 20th. Its revenue came in at $7.97B versus an estimated $6.56B. Tune in to find out more about the stock market today.
AT&T (T): An Underperformer That Delivered Mixed Earnings
April 20, 2023 21:48 - 6 minutes - 55.3 MBAT&T (T) is running out of headroom when it comes to gaining new customers, notes Jamie Lumley. He and Sandra Cho discuss the takeaways from AT&T (T) earnings as the stock slides after the latest earnings report. Sandra mentions that T's weak free-cash-flow performance is concerning because the stock has been an under-performer for the last couple of years. They go over how T's 1Q customer wireline revenue came in at $3.2B, which is up 2.5% and its 1Q 5G postpaid phone net added 424K. They...
Less Than 1/3 Of S&P 500 Stocks Are Outperforming The Index Itself
April 20, 2023 21:35 - 11 minutes - 114 MBEquity volatility seems too low in light of the recession risk and debt ceiling "D-Day," notes Liz Ann Sonders. She recaps earnings season so far, saying that it's fine but it's still early. She also mentions that the correlation between bond yields and stock prices are back in negative territory. She also looks at jobless claims for the week of April 15. She goes over how less than a third of the S&P 500 stocks are outperforming the index itself over the past month, and futures and lower ...
Intuitive Machines (LUNR) Soars After Announcing NASA Contract
April 19, 2023 21:33 - 3 minutes - 34.4 MBIntuitive Machines (LUNR) jumps after announcing a NASA contract. Jenny Horne discusses this as LUNR was awarded a NASA contract valued at $719M. LUNR was awarded a "fixed-fee indefinite-delivery, indefinite-quantity contract" by NASA. LUNR enters a contract with NASA to support work on its joint polar satellite system. LUNR's CEO says that "this win is of strategic importance." Tune in to find out more about the stock market today.
META, DIS, AMZN: The Latest In Layoffs
April 19, 2023 19:35 - 5 minutes - 70.8 MBThere is more corporate layoffs news from Meta Platforms (META), Walt Disney (DIS), and Amazon (AMZN). Renita Young discusses the latest in layoffs. META is to begin laying off 10K workers next week. DIS is to reportedly layoff up to 15% of the entertainment division. AMZN is expected to cut jobs from its advertising unit. Tesla (TSLA) also announced its sixth round of price cuts. Tune in to find out more about the stock market today.
Oil Demand Decrease, Gold Pullback: The Commodities Craze
April 19, 2023 17:54 - 9 minutes - 115 MBOil demand is decreasing despite China's better-than-anticipated 1Q economic growth, notes Jake Hanley. He talks about how futures are under pressure as investors digest the latest earnings. He discusses the takeaways from latest inflation data. He highlights that the IEA predicts that China will account for most of 2023 oil demand increases, with Saudi Arabia and UAE reportedly purchasing Russian oil products. He then breaks down the latest activity in commodities. He also previews the ne...
Lack Of Transparency Surrounding Ryan Reynolds Nuvei (NVEI) Investment
April 19, 2023 17:46 - 8 minutes - 85.5 MBSpruce Point Capital released a short report on Nuvei Corp. (NVEI). Spruce Point Founder and CIO, Ben Axler joins Oliver Renick to discuss NVEI. NVEI is a Canadian fintech company. He talks about how NVEI has ties to FTX and crypto exposure and its recent Paya acquisition seems troubled. He also has concerns over Ryan Reynolds' investment. He notes that there is a lack of transparency surrounding Ryan Reynolds' investment. Tune in to find out more about the stock market today.
Embracing Gig Workers Leads To Innovation & Diverse Pool Of Talent
April 19, 2023 14:51 - 7 minutes - 97.9 MBFull-time employees who prefer remote work or flexible schedules may explore gig work as an alternative, notes Alex Atwood. He discusses labor market trends and the gig economy. He talks about opportunities for full-time workers in gig work. He mentions that embracing gig workers can lead to cost savings, increased innovation, and access to a diverse pool of talent. He then goes over the challenges of hiring gig workers, highlighting stocks Kforce (KFRC), Perficient (PRFT), Resources Conne...
Johnson & Johnson (JNJ) Earnings Prove The Free Cash Is Flowing
April 19, 2023 14:39 - 5 minutes - 60.3 MBHealthy free cash flow has enabled Johnson & Johnson (JNJ) to increase its dividend over the past half century, notes Lee Bohl. He and Damien Conover discuss takeaways from JNJ earnings. JNJ's 1Q worldwide pharmaceutical sales came in at $13.41B and its 1Q revenue came in at $24.75B versus an estimated $23.57B. They also go over other stocks to keep on your radar. Tune in to find out more about the stock market today.
Bluerock Capital Markets CEO On Opportunities In Real Estate
April 18, 2023 22:03 - 8 minutes - 110 MBMarket fundamentals, earnings, and valuations do not appear to support recovery to previous highs, notes Jeff Schwaber CEO of Bluerock Capital Markets. He talks about how markets are choppy in a back-and-forth session. He mentions that fixed income and credit appear attractive without substantial loss from future rate hikes. He highlights that institutional private real estate positioning for a likely move-up in post-inflationary and rate-hike cycle. He examines market volatility trends, a...
Dissecting European Inflation: No Rebound On The Horizon Yet
April 18, 2023 21:45 - 10 minutes - 101 MBWhat we're seeing is that this is not translating into strong warning signs of a rebound in inflation, notes Jeffrey Kleintop. He discusses how futures higher Tuesday as earnings season continues. He talks about how Chinese GDP for 1Q23 came in at 4.5% versus an estimated $4.0%. He then goes over Spain CPI versus Euro CPI, and dissects European inflation data. He highlights what European inflation data means for the U.S. economy. He then goes over high quality, "short duration" stocks inve...
Money Goes Where Money Grows: Gold, Dollar, Rates
April 18, 2023 15:26 - 11 minutes - 75.4 MBThe gold price touched a 52-week high last week. Intermarket analysis happens when investors examine gold, interest rates, and the U.S. dollar. Wayne Kaufman says that a stable country has higher rates and money flows into its currency. Therefore, this affects commodities with an inverse relationship. With a weak U.S. dollar, the gold continues to skyrocket.
Crude Oil, Bitcoin, & The Dollar: The Trend Is Definitely Lower
April 18, 2023 15:14 - 6 minutes - 90.8 MBThe trend is definitely lower, so now we've gone from maybe people trying to buy dips to sell rallies and that's something to watch, notes Chris Robinson. He monitors recent price action in the U.S. dollar (/DX). The U.S. dollar hit a new year-to-date low last week. He also talks about catalysts for today's weakness in crude oil (/CL). He then discusses how bitcoin (/BTC) falls back below $30,000. He then goes over how the issues with the big banks benefitted bitcoin and gold (/GC). Tune i...
Roblox (RBLX) Stock Under Pressure: To Stop Posting Monthly Metrics
April 18, 2023 14:59 - 5 minutes - 61.2 MBRoblox (RBLX) shares are under pressure following its latest monthly metrics. Martin Yang discusses this as RBLX reported a drop in average bookings per daily active user. RBLX reported 66.2M daily active users last month and hours engaged was up to 26% to 4.8B. RBLX's estimated bookings were between $247M and $255M. Martin talks about how RBLX says it will no longer released monthly metrics. He then compares RBLX to other video game stocks which include Activision Blizzard (ATVI), Electro...
Why Is The Housing Market Recovering So Quickly?
April 18, 2023 14:49 - 7 minutes - 181 MBMortgage rates are coming down, and so is the Housing Starts & Permits report for March 2023 positive? Scott Bauer is surprised that the housing market is recovering this quickly. The Federal Reserve is examining every piece of the economy and how the data will feed into the jobs market. Next, Bauer weighs in on the upcoming May and June FOMC meetings.
CCS, DHI, KBH: Housing Demand Is Coming Back
April 17, 2023 18:36 - 5 minutes - 51.9 MBThe housing market is building too much multi-family and not enough single family, notes Erin Sykes. She and Jay McCanless discuss the housing market. Erin mentions that we are starting to see mortgage demand come back. They talk about how Wedbush has an outperform rating on Century Communities (CCS), Tri Pointe Homes (TPH), and KB Home (KHB) and a neutral rating on D.R. Horton (DHI), Lennar (LEN), and LGI Homes (LGHI). They examine the state of the housing market, ad go over homebuilder s...
GS, JNJ, NFLX, TSLA: Earnings Investors Need To Watch
April 17, 2023 18:13 - 8 minutes - 99.8 MBGoldman Sachs (GS) is always one to watch, not just because it's in the Dow, but technically right now it's a very interesting pivot point, notes Jay Woods. He discusses stocks to watch this week for earnings. He talks about key earnings this week which include Goldman Sachs (GS), Johnson & Johnson (JNJ), Netflix (NFLX), and Tesla (TSLA). He then goes over potential market impact of another Fed hike, in addition to the takeaways from recent market performance. Tune in to find out more abou...
Samsung Possibly Switch To Bing Over Google? MRK To Acquire RXDX
April 17, 2023 17:21 - 7 minutes - 86.2 MBSamsung is considering switching its devices default search engine. Caroline Woods discusses this as it is currently using Google search but is weighing Microsoft's (MSFT) Bing as a new option. She notes that Bing's adoption of OpenAI technology is weighing on a cautious rollout of Google's A.I Bard. Google search provides ~$3B in annual revenue from Samsung. She also talks about how Merck (MRK) is to acquire Prometheus Biosciences (RXDX). MRK's deal for RXDX is valued at approximately $10...
Market Doing Well Despite Rate Hikes & Geopolitical Tensions
April 17, 2023 17:17 - 8 minutes - 110 MBThe economy is doing surprisingly well for having nine rate hikes in the past year, except for the banks, notes Chris Robinson. He discusses the Empire State Manufacturing Index for April 2023 which came in at 10.80 versus an estimated -18.00. He talks about how the U.S. dollar trying to stabilize from recent weakness, as well as how geopolitical tensions affect global currencies. He then goes over how the 10-year treasury yield higher to begin the week. Tune in to find out more about the ...
Fed Will Keep Playing Offense On Inflation, But Not As Aggressively
April 17, 2023 17:10 - 12 minutes - 107 MBOne thing that is really interesting about last week is that we saw a whole range of volatility measures across asset classes really plunging, notes Michael Purves. He discusses the outlook for Fed rate hikes. He talks about how last week's inflation data will impact the Fed's rate hike decisions. He then goes over how the bank earnings will impact upcoming Fedspeak. He mentions how he thinks the Fed will keep having to play offense on inflation, but the offense doesn't need to be nearly a...
Crude Oil: Long-Term Bullish With A $90+ Range
April 17, 2023 15:30 - 7 minutes - 66.8 MBFutures are relatively flat ahead of the opening bells. Carley Garner discusses energy commodity price activity. She talks about how crude oil (/CL) prices slip after 4 straight weeks of gains, as well as the outlook for gas prices. RBOB Gasoline futures (/RB) touched 8-month highs last week and weekly EIA natural gas (/NG) showed build in storage. She also goes over how gold (/GC) prices rebound from Friday's weakness, in addition to how a weaker U.S. dollar boosts gold. Tune in to find o...
Regional Banks To Test The Dollar & What's Causing The Bitcoin Bull Market
April 17, 2023 15:19 - 5 minutes - 50.9 MBWhile the big banks seem to be doing well, it will be the regional banks that really test the dollar (/DX) strength here as they start to put out earnings next week, notes Todd Colvin. He discusses what investors need to be watching in futures. He tracks the U.S. dollar (/DX). He also monitors recent price action in crude oil (/CL). Crude oil's 52-week high came in at $123.68. He then goes over what is causing the bitcoin (/BTC) bull market. Tune in to find out more about the stock market ...
Bitcoin Is Seeing Positive Momentum Across Digital Asset Market
April 17, 2023 15:10 - 7 minutes - 66.8 MBContinuing the trend we began seeing in March, post Silicon Valley Bank collapse, notes Todd Groth. He explains the bitcoin (/BTC) rally, as well as the latest developments in Ethereum (/ETH). He also discusses if the crypto winter is over. He mentions that bitcoin is seeing positive momentum across the digital asset market. He then goes over the impact of high rates on bitcoin. He highlights that $30,000 is an important psychological barrier. Tune in to find out more about the stock marke...
PEP, DKNG: Brands To Watch As NBA Playoffs Begin
April 17, 2023 15:03 - 6 minutes - 70.4 MBPepsiCo (PEP) is a strong defensive name amid uncertainty, notes Justin R. Heller. He discusses brands to watch as NBA playoffs begin. He talks about what the NBA playoffs may mean for PEP and DraftKings (DKNG). He mentions that DKNG could see huge opportunities with Sportsbooks Legal in only 22 states to date. He goes over market takeaways from NBA/NBPA collective bargaining agreement. Finally, he highlights his NBA playoff predictions. Tune in to find out more about the stock market toda...
Apple (AAPL) Going Back To Physical Button, Cirrus Logic (CRUS) Suffers
April 13, 2023 14:41 - 2 minutes - 36.7 MBCirrus Logic (CRUS) is trading lower on news that Apple (AAPL) will abandon its solid-state button design. Jenny Horne discusses this as Apple (AAPL) is to go back to a physical button design due to "unresolved technical issues." She notes that CRUS is on track for its largest percent decrease since April 2021. Tune in to find out more about the stock market today.
Crude Oil At Highest Point Since Dec 2022
April 13, 2023 14:24 - 5 minutes - 51 MBInvestors should keep their eyes on the energy sector. Robert Yawger and Ben Cook discuss crude oil (/CL). They talk about how crude oil is at its highest point since December 2022. They note that crude oil is in focus ahead of key OPEC and IEA reports. They then go over what the recent production cut means for crude oil. Crude oil hit a 52-week high of $123.68 on June 14, 2022. They also talk about investing opportunities in the energy sector, highlighting Exxon Mobil (XOM). Tune in to fi...
Fed Pause In May Could Lead To A Market Rally
April 13, 2023 14:17 - 7 minutes - 83.3 MBThe markets pull back from highs after inflation cools. Andrew Brenner discusses the Consumer Price Index for March 2023. He talks about what today's inflation data could mean for the Fed. He goes over how there could be a Fed pause on the horizon. He examines the strength of the banking system. He notes that we really think the trend is in favor of lower inflation and what's interesting so it's unclear what the Fed will do in May. He also suggests that there could be a rally in May becaus...
Buying The Dip In Financial Stocks
April 12, 2023 17:20 - 12 minutes - 153 MBIs there a reason to buy the dip in financial stocks? Many investors are currently weary, however. Brian Belski says that finance continues to be an excellent value proposition with dividend growth and high quality attributes that should provide support. There are 4,200 banks in America and 600 are publicly traded. Bielski says that a few bad apples do not make the tree bad.
The Fed Will Continue To Be Data Dependent
April 12, 2023 16:21 - 8 minutes - 76.2 MBWhat is the impact of today's CPI print and what will it mean for the upcoming FOMC meeting? Jannis Meindl thinks that the Federal Reserve will continue to be data dependent and the regional bank situation seems to be contained for now. Inflation being at 5% is not 2% so the inflation fight will need to continue. Meindl also weighs in on the crude oil price hovering near $81 ahead of the OPEC monthly report.
Semiconductor Demand & Stock Price
April 11, 2023 17:24 - 7 minutes - 59.2 MBWhat is happening with the demand in the semiconductor sector? For example, Samsung cut back its memory production. Matthew Bryson says there is inventory accumulation over the last few months due to a stressed supply chain environment. He also says that memory is a cyclical market and that in 2024, the memory makers should be in a better place.
How Does Comcast Compare To Netflix Today?
April 11, 2023 16:49 - 10 minutes - 114 MBWith the new interest in ChatGPT and generative A.I., will telecom stocks be left behind? Will cable companies be challenged this year to grow? Naveen Sarma says that broadband subscribers could be relatively weak. There is increased competition from fixed wireless access or fiber-to-home broadband and accelerating secular pressures on the media business.
OPEC Will Only Cut Crude Oil Production To Keep Supply & Demand In Balance
April 11, 2023 16:18 - 8 minutes - 71.7 MBWill the crude oil price go down due to the demand being comprised as the Federal Reserve's actions to decrease inflation will continue? Sal Gilbertie says that they will not stop and slow the U.S. economy intentionally. OPEC+ will only slow production if the demand is falling. The prices at the pump have remained relatively elevated.
Alibaba (BABA) Generative A.I. & Nvidia (NVDA), AMD Rebound
April 11, 2023 16:05 - 4 minutes - 57.9 MBAlibaba (BABA) is launching a ChatGPT-style product called Tongyi Qianwen that will possess Chinese and English language capabilities. It will be deployed on DingTalk. However, there is no timeline for a launch date. Next, Renita Young weighs in on KeyBanc raising price targets on Nvidia (NVDA) and AMD stocks. Is there a near-term reset in the cloud industry?
If S&P 500 Stays Above $4,030, The Target Is $4,250
April 11, 2023 15:46 - 10 minutes - 242 MBMarch 2023 was bumping up the support levels in the S&P 500 or SPX. Since then, volatility is lower and the Asbury 6 indicators became positive. John Kosar says that as long as we stay above $4,030, the target is $4,250. Is the market internally healthy? Kosar also states that the stock market today could go higher if that continues to be the case.
Semiconductor Stocks As Leaders In The Market
April 11, 2023 15:22 - 10 minutes - 95.9 MBThe Consumer Price Index or CPI will be released tomorrow, which will be followed by the Producer Price Index or PPI. How much of the inflation number is discounted by the markets? Bill Baruch sees inflation cooling and says that this is a great environment for the stock market today. He also weighs in on Micron (MU) stock price being up recently and the semiconductor space showing leadership. The Samsung news of cutting chips production was the focus for semiconductors and now the slowing...
MU & WDC Higher On News Of Samsung Cutbacks, AAPL Sees Decline In PC Sales
April 10, 2023 19:41 - 3 minutes - 44.2 MBMicron (MU) and Western Digital (WDC) are trading higher on news of Samsung cutting memory chip production. Renita Young discusses MU as analysts see Samsung cutbacks as a chance for MU to cover the supply-demand balance. Mu's CEO is "confident" in the long-term demand outlook. She then goes over how Apple (AAPL) had a 40% decline in PC shipments. Tune in to find out more about the stock market today.
META, ON, TLT: April Is A Pivotal Month For Investing
April 10, 2023 19:37 - 7 minutes - 58.9 MBApril is a pivotal month as inflation trends down and the Fed plans a 25BPS hike, notes Eddy Gifford. He talks about how it is still unclear whether banking issues were one-offs or a sign of a bigger problem. He goes over how the biggest fear is not that we are coming out of a bear market, but it hasn't started yet. He then discusses his stock picks which include Meta Platforms (META), ON Semiconductor (ON), and iShares 20 Plus Year Treasury Bond ETF (TLT). Tune in to find out more about t...
Crowdstrike (CRWD): One Of The Top Cybersecurity Stocks Today?
April 10, 2023 19:31 - 6 minutes - 61.6 MBCrowdstrike (CRWD) struck a positive tone at product and strategy-focused briefing, according to a Macquarie analyst note. Fred Havemeyer discusses CRWD as Macquarie has an outperform rating on the stock. He talks about how CRWD compares to other cybersecurity stocks such as Atlassian (TEAM), Datadog (DDOG), ZScaler (ZS), and Fortinet (FTNT). He then goes over what's next for CRWD. Tune in to find out more about cybersecurity and the stock market today.
XOM & PXD Talks Possible Acquisition & TSLA Cuts Model S & X By $5,000
April 10, 2023 19:25 - 4 minutes - 60.9 MBAccording to a WSJ report, Exxon Mobil (XOM) and Pioneer Natural Resources (PXD) had informal talks on an acquisition. Renita Young discusses this, in addition to how Tesla (TSLA) cut prices on its entire U.S. model lineup with a $5,000 cut on the Model S and the Model X She notes that TSLA will build a factory in Shanghai to make megapack energy storage units. Tune in to find out more about the stock market today.
Bull Gold Market Retesting The $2,100 Level
April 10, 2023 19:20 - 8 minutes - 217 MBAre traders entering into a bull gold price market among the geopolitical tension and regional banks crisis? Zayn Kalyan says that the gold price will start to stabilize above the $2K level and could go higher. Another metals commodity, silver, is also moving up. Regarding the copper price trading around the $4 level, Kalyan believes that there is trepidation around China's industrial and economic activity will play out.
U.S. Dollar Weakening May Not Help Gold Bulls
April 10, 2023 18:51 - 9 minutes - 124 MBThe U.S. Dollar continues to trade relatively flat at the $102 price level. Is the regional banks financial crisis more in the background for investors? Chris Robinson says that if the gold price does not break above a certain threshold, it will move lower. Should traders be careful with trading gold if their strategy is tied to fear or political views?
Self-Fueled Agricultural Vehicles As The Future
April 10, 2023 17:25 - 7 minutes - 191 MBFarmers have been relying on traditional energy sources historically with little control over input costs and the availability of fuel for agricultural vehicles. Now with the new CNH Industrial (CNHI) technology, they can take the waste on their farms and turn it into methane while also self-fueling machinery. Marc Kermish says that farmers today are managing high fuel costs while managing thin margins.
Stock Market Today: AMC, WFC Higher & COST Lower
April 06, 2023 22:23 - 3 minutes - 224 MBDow Jones finished in the green along with the S&P 500 Index or SPX, Russell 2000, and Nasdaq-100. The stock market moved higher today ahead of the March employment report. Raymond James upgraded Wells Fargo (WFC) to strong buy from outperform. Next, Renita Young weighs in on AMC Entertainment (AMC) stock price jumping on news that it will not do a reverse stock split pending the court order. Also, Costco (COST) shares slid on weaker-than-expected March sales.
Comerica (CMA) Up or Down? AMC Up On No Reverse Stock Split
April 06, 2023 22:19 - 3 minutes - 40.1 MBRaymond James is now rating the Comerica (CMA) stock as a buy from an outperform with a price target of $57 per share. The analyst stated that the recent sell-off is unwarranted and views the risk-reward more positively than before. Next, Renita Young weighs in on the AMC Entertainment (AMC) stock jumping on news that it will not do a reverse stock split pending the court order.
Less People Employed With A Softer Economy
April 06, 2023 21:53 - 7 minutes - 76.9 MBThe Department of Labor issued the largest methodological 30 year change in the way they account of the Jobless Claims data. Joe Brusuelas says that the revisions go back to June 2021 and account for layoffs in the business, professional, finance, and tech services. He still expects a 3.5% unemployment rate. The jobs report tomorrow will indicate whether laid off tech employees are getting employed quickly or not. Brusuelas says that if we go below 200K, that may be a one and done for the ...
Stock Market Today Fighting The Fed & Bond Market
April 06, 2023 16:17 - 10 minutes - 251 MBIs the U.S. economy starting to break down, especially in the labor market? Jobless claims is an important economic indicator. Liz Ann Sonders says that jobs openings are lower, there are hiring freezes, and layoff announcements. Is the stock market today fighting the Federal Reserve and the bond market? Also, what is the correlation between the S&P 500 Index or SPX and the 10-Year Yield?