Okay, let's talk about a new buy first from Josh Brown. Uh PSX. Yeah.Philip 66. >> Yes. >> Tell me more.>> So, you were like on some sort of extended vacation earlier this week. Frank Holland uh >> uh Frank Holland and I had a had a conversation about uh energy stocks because nobody cares about energy, but there's a little bit of a stealth rally happening in a handful of names in the uh the XLE patch. Um PSX, I gave it a letter grade. I said it's it's still a C.Stock's been shaping up over the last couple o ...

Core Viewpoint - Philip 66 (PSX) is seen as a potential investment opportunity despite its current underperformance compared to peers like Marathon and Valero, with expectations of a breakout in stock price driven by insider buying and activist involvement [1][4][10]. Company Insights - Philip 66 is one of the three largest companies in the refining sector but has not yet experienced a breakout like its competitors [2]. - Recent insider buying, including a $1 million purchase by a board director, indicates confidence in the company's future [4]. - Activist investor Elliott Management has taken two board seats and believes Philip 66 should be valued at $200 per share, suggesting a significant upside potential [4][10]. Market Position and Strategy - The company has been diversifying into chemicals and LNG, moving away from its traditional refining focus, which has created ideological tension with Elliott Management [9][10]. - A recent acquisition of the remaining 50% stake in WRB refining suggests a potential shift back towards a focus on downstream operations, aligning with Elliott's vision [10]. Performance Metrics - The stock is currently trading below its 200-day moving average, with a suggested risk management level at $120, which is also where the stock bottomed in August [5]. - The company offers a 3.5% dividend yield, providing some income while investors wait for potential price appreciation [10].

Market Overview - U.S. stock markets closed lower on September 24, 2025, as investors engaged in profit-taking after a series of record highs for major indexes, with all three major benchmarks ending in negative territory [1][2] - Federal Reserve Chairman Jerome Powell's comments on asset prices being "fairly highly valued" contributed to a cautious mood on Wall Street [1][3] Market Performance Recap - The Dow Jones Industrial Average (DJI) fell 0.2% to close at 46,292.78, after reaching an intraday high of 46,714.27 [2] - The S&P 500 (SPX) declined 0.6% to finish at 6,656.92, having touched a new intraday high of 6,699.52 [2] - The Nasdaq Composite (IXIC) experienced a 1% drop, down 215.50 points to settle at 22,573.47, marking a second consecutive day of declines [2] Sector Performance - Sector performance was mixed, with the Energy Select Sector SPDR (XLE) advancing 1.7%, while the Consumer Discretionary Select Sector SPDR (XLY) and Technology Select Sector SPDR (XLK) both fell 0.9% [4] - The CBOE Volatility Index (VIX) rose 3.4% to 16.64, indicating increased market volatility [4] Major Stock News and Movers - Freeport-McMoRan (FCX) shares dropped over 10% after lowering its fiscal third-quarter sales outlook for copper and gold [5] - Micron Technology (MU) saw a 2.8% decline despite reporting better-than-expected quarterly sales and a strong forecast, reflecting high pre-earnings expectations [5][8] - U.S.-listed shares of Alibaba (BABA) surged 8% following an announcement of an increased budget for AI infrastructure [6] - Marvell Technology (MRVL) rose more than 7%, while Intel (INTC) advanced over 6% due to a significant investment from the U.S. government [6] - Lithium Americas (LAC) experienced a significant jump of 87.6% amid reports of potential government ownership stake [6] Earnings Announcements - Micron Technology (MU) reported fiscal Q4 earnings of $3.03 per share, exceeding estimates, with revenues of $11.32 billion driven by AI chips [8] - Worthington Enterprises Inc. (WOR) reported a 60% year-over-year increase in earnings per share for the quarter ending August 31, 2025 [9] - AutoZone Inc. (AZO) reported adjusted earnings of $48.71 per share, missing estimates, although quarterly revenues of $6,242.73 million beat expectations [9][10] Upcoming Market Events - Investors are closely watching upcoming economic data releases and Federal Reserve communications, with key data including final Q2 GDP reading and durable goods orders scheduled for September 25, 2025 [11][16] - The next Federal Open Market Committee (FOMC) meeting is scheduled for October 28-29, 2025, which will be significant for market direction [13]

Market Overview - Major indices experienced a slight correction after reaching record highs, with the Dow Jones Industrial Average down 0.2% to 46,292.78, the Nasdaq Composite down 1% to 22,573.47, and the S&P 500 down 0.6% to 6,656.92 [2] - By Wednesday morning, the market rebounded slightly, with the S&P 500 up 0.1%, the Dow gaining 152 points (0.3%), and the Nasdaq rising 0.1%, indicating ongoing market optimism [2] Tariff Impacts - President Trump's announcement of a $100,000 fee for new H-1B visa petitions negatively impacted the Indian IT sector, causing the Nifty IT index to drop over 5% [3] - JPMorgan economists estimate that this could reduce immigrant work authorizations by 5,500 per month, primarily affecting tech firms and Indian workers [3] - The US imposed a 50% tariff on Indian shrimp imports, leading to a 0.9% drop in India's Sensex and a 0.85% drop in the Nifty [4] - The semiconductor sector is facing uncertainty due to a threatened 100% tariff on non-US manufactured chips, causing mixed reactions among chip stocks [5] Company-Specific Developments - Build-A-Bear Workshop shares rose over 60% despite facing tariff costs of under $11 million for fiscal year 2025, indicating strong consumer demand [6] - Disney shares fluctuated due to political drama involving late-night host Jimmy Kimmel, with the stock down 5.3% over the past month despite a recent recovery [11] - Lithium Americas saw a significant increase of 87.6% following reports of potential US government ownership stake [11] - Alibaba's stock jumped nearly 9% after announcing increased investment in AI infrastructure, leading a rally in Chinese tech stocks [11] Geopolitical Influences - President Trump's shift in stance on Ukraine positively affected European defense stocks, with the aerospace and defense index surging 1.1% and individual stocks like BAE Systems and Rheinmetall seeing gains [8] - Speculation around Trump's upcoming meeting with President Xi in South Korea has injected optimism into trade-sensitive sectors, although no immediate market data was tied to this news [9] Sector Reactions - The pharmaceutical sector remains on alert for potential cost-reduction plans from Trump, which could impact pricing strategies [10] - The energy sector performed well, with the Energy Select Sector SPDR advancing 1.7% and individual companies like Diamondback Energy and Phillips 66 gaining 3-4% [11]

The markets this week will focus on any fresh trade or tariff news. Later today, Aug new home sales are expected to decline by -0.3% m/m to 650,000. On Thursday, weekly initial unemployment claims are expected to increase by +2,000 to 233,000. Also, Aug core (ex-defense and aircraft) capital goods new orders are expected to slip -0.1% m/m. In addition, Q2 GDP is expected to be unrevised at +3.3% (q/q annualized). Finally, Aug existing home sales are expected to fall -1.3% m/m to 3.96 million. On Friday, Aug ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a looming question regarding the energy supply needed to sustain this growth [2] - AI data centers consume energy equivalent to that of small cities, indicating a significant strain on global power grids [2] - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI advancements [3][6] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend due to tariffs [5][6] - It possesses critical nuclear energy infrastructure, making it integral to America's future power strategy [7] - The company is noted for its ability to execute large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7] Financial Position - The company is completely debt-free and has a cash reserve equivalent to nearly one-third of its market capitalization, positioning it favorably compared to other energy firms burdened by debt [8] - It holds a significant equity stake in another AI-related company, providing indirect exposure to multiple growth opportunities in the AI sector [9][10] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off-the-radar, trading at less than seven times earnings [10][11] - The company is recognized for delivering real cash flows and owning critical infrastructure, making it a compelling investment opportunity [11][12] Future Outlook - The AI infrastructure supercycle, combined with the onshoring boom and a surge in U.S. LNG exports, positions this company uniquely for future growth [14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, further solidifying the importance of energy infrastructure [12][13]

Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts’ expectations, the highest in a year. Also, S&P companies are expected to post +6.9% earnings growth in Q3, up from +6.7% as of the end of May.Fed Governor Michelle Bowman said, “Now that we have seen many months of deteriorating labor market conditions, it is time for the FO ...

Core Viewpoint - The energy sector is experiencing mixed performance, with some stocks showing potential for growth despite overall skepticism about the sector's stability [2][9]. Group 1: Top Energy Stocks - Valero is highlighted as the top stock in the energy sector, with an A+ rating and a breakout chart indicating strong performance [2][3]. - Marathon is rated as an A, showing no sellers and a flat 200-day moving average, suggesting potential upward movement [4]. - Baker Hughes is rated B+, recognized as a leading oil field service company, with a breakout potential and a stop at $42 [5]. - Philip 66 is rated C but has the potential to improve to B, as it has maintained a high position in the market [6]. - Chevron is also rated C, with a significant dividend and buyback program, but facing resistance at higher price levels [7][8]. Group 2: Market Context and Performance - The energy sector is currently the best performing sector, with refiners showing strong momentum in price and earnings growth [11][12]. - Stable energy prices, particularly oil in the low $60s, are beneficial for refiners like Valero, Marathon, and Phillips [11]. - The overall sentiment in the energy sector remains cautious, with some investors expressing concerns about overleveraging in their positions [11][12].

And we are back on halftime with Josh Brown's best stocks in the market. Josh, tossing it over to you. All right.Um, guys, as you all well know, rooting for the energy sector or being overweight energy in the modern era. It's a little bit like being a Jets Jets fan. Every once in a while, like they'll win a big game and everyone will look at each other and be like, "Are the Jets for real?" And then the next week you oh wait, no they're not.Um, and that's been the story with the sector. I don't like the sect ...