Sign in to access your portfolio Sign in ...

Group 1 - The earnings season is set to begin this week, with results expected from Delta and Constellation Brands, amidst a government shutdown [2][11] - AMD has announced a multi-billion dollar partnership with OpenAI, which includes OpenAI purchasing 6 gigawatts of AMD chips and acquiring warrants for up to 160 million AMD shares, representing a 10% stake in the company [10][22] - AMD shares surged by 34% at the open, marking the second largest one-day rise in the last 40 years, driven by the news of the partnership with OpenAI [6][21] Group 2 - The market is currently experiencing a rally, with the NASDAQ up 0.5%, the Dow up around 60 points, and the S&P up 0.3%, largely influenced by the AMD and OpenAI news [5][6] - Nvidia's market cap remains significant at $4.5 trillion, despite a slight decline in shares, indicating its continued dominance in the AI chip space [8][20] - Analysts expect S&P profits to rise by 7.2% year-over-year, the smallest gain in two years, but still reflecting resilience in the economy [39] Group 3 - Concerns about a potential bubble in AI investments are being discussed, with some analysts suggesting that the current valuations may be unsustainable [25][30] - Companies are increasingly forming partnerships in the AI space, with AMD and OpenAI being one example, indicating a strong appetite for AI-related investments [19][22] - The upcoming earnings season is anticipated to provide insights into the growth and profitability of AI companies, which could influence market sentiment [32][40] Group 4 - Zoom Info's CEO highlighted the challenges of AI initiatives showing measurable ROI, indicating that many companies are struggling to derive value from AI investments [48][49] - The company is focusing on building a contextual data service to enhance AI productivity, differentiating itself from competitors that merely apply AI wrappers [50][52] - There is a positive sentiment in the economy, with companies looking to hire more salespeople to drive demand, reversing a trend of reducing sales staff [63]

US companies are set to enjoy a better-than-expected earnings season according to Goldman Sachs strategists https://t.co/27hQmf84TB ...

Market Performance - All four major indices reached new all-time highs despite a government shutdown, with small caps leading the rally as the Russell gained 1.7% [1] - The S&P, NASDAQ, and Dow all increased by more than 1%, while healthcare surged close to 7% [1] - Utilities and tech sectors also saw gains of over 2%, whereas energy fell by 3.4% and communications dropped more than 2% [1] Company Highlights - Nvidia achieved a market cap of $4.5 trillion, becoming the first company in history to reach this milestone, with several banks raising their price targets for the stock [2] - Nvidia's stock climbed over 5% this week and has rallied 40% year-to-date in 2025 [3] - Intel is reportedly in early discussions to make AMD a foundry customer, although the extent of any potential manufacturing shift remains unclear [3][4] - Both Intel and AMD stocks rallied by 3.7% and 3.3% respectively during the week [4] Tesla Performance - Tesla reported over 497,000 vehicle deliveries in the third quarter, exceeding estimates of 456,000, driven by a rush to purchase EVs before the expiration of federal tax credits [5] - The company also achieved a record high in its energy business [5] - Tesla's stock initially rose but closed 2.4% lower for the week following the delivery report [4] Upcoming Earnings Reports - Earnings reports are anticipated from Delta Airlines, PepsiCo, Levis, and Constellation Brands in the upcoming week [5] - The Federal Reserve Chair Jerome Powell and other Fed speakers are expected to provide insights, along with initial jobless claims data, although a continuing government shutdown may delay some economic data releases [6]

Core Insights - The Trade Desk and Super Micro Computer were the worst-performing stocks in the S&P 500 in August 2025, with declines of 37% and 30% respectively [1] - The declines were primarily attributed to disappointing earnings guidance and company-specific issues [1][2] Company Performance - The Trade Desk's disappointing third-quarter guidance and the unexpected departure of its CFO contributed to its stock decline [2] - Super Micro Computer reported a strong 47% year-over-year revenue growth but faced its weakest gross margin ever, impacting investor sentiment [2] Investment Outlook - The Trade Desk is considered a better opportunity for long-term investors despite the disappointing guidance, as it beat revenue estimates significantly [4] - Concerns about connected TV ad spending shifting to Amazon are present, but the overlap between the adtech businesses of The Trade Desk and Amazon is not as significant as perceived [5]

Core Viewpoint - The discussion highlights the potential risks associated with the current market dynamics, particularly in relation to AI investments and the performance of major tech stocks, while also pointing out opportunities in other market segments. Group 1: Market Risks and Dynamics - Clients are increasingly concerned about potential risks that could disrupt the current market rally, especially as earnings season approaches [2][3] - There is a noted dispersion in performance among the "magnificent seven" tech stocks, with only four outperforming the S&P 500, indicating that not all AI-related stocks are performing equally [4] - The market may experience downward pressure from large-cap stocks like Nvidia, which, despite being a significant contributor to S&P gains, ranks low in terms of price performance [4][9] Group 2: Investment Opportunities - There is a broadening of the AI narrative beyond just major tech companies, with opportunities emerging in sectors like power generation and data centers [6] - Certain market segments, such as heavily shorted stocks and non-profitable tech stocks, have shown significant gains, with some meme stock baskets up over 100% since April 8 [7] - The market may still present interesting opportunities even if leading stocks are dragging down index returns, as seen in previous market cycles where underlying performance improved despite poor index performance [10][12]

We do look at overall financial conditions and we we we ask ourselves whether our our policies are affecting financial conditions in a way that we that is what we're trying to achieve. But um but you're right it it it by many measures for example equity prices are are are fairly highly valued. >> That was Fed Chair Jay Pal at a local Chamber of Commerce event near Providence, Rhode Island yesterday.Joining us right now to talk about it is Anastasia Amarosa. She is chief investment strategist of private weal ...

We'll go to the markets here as we watch the first trading day of a new week and we're modestly green. The dust now settling from the rate cut which leaves us Joe where Goldman Sachs is David Cen today raising his 12 month S&P target. Raised a few of them but the 12-month target is now 7200.It is Goldman's Tony Pascarella who makes the call I referenced at the top of the show today too. Don't fight it. Don't chase it.Do I love the positioning setup and tactical riskreward. I don't. With that, uh, do I think ...

Market Overview - Futures are slightly lower at the start of the trading day, but there are lingering bullish tones in the market [1][5] - The market has experienced a significant run recently, indicating potential fatigue in pre-market futures [5] Earnings and Economic Data - Key earnings reports are expected this week, including Micron after the bell tomorrow and Costco on Thursday [2] - Important economic data will be released, including PMIs, durable goods, GDP revisions, jobless claims, and personal income and outlays [3][4] Federal Reserve Insights - A steady flow of Federal Reserve speakers is anticipated this week, discussing recent interest rate decisions and economic outlooks [4][10] - The probability of a 25 basis point cut in October is currently around 91.9%, with market expectations heavily influenced by upcoming economic data [12][14] Inflation and Labor Market - The consensus for the year-over-year PCE inflation rate is expected to tick up slightly to between 2.6% and 2.7%, while the core PCE is projected to remain flat at around 2.9% [13] - Ongoing labor market data will be crucial for future discussions on interest rates, with more job-related data expected in early October [14] Gold and Risk Sentiment - Gold prices are rising, attributed to a risk-off sentiment in the market and a weaker dollar [6][7] - The VIX is higher, indicating increased market volatility, while yields on 10-year notes have drifted lower [8][9]

US stocks are trading at record levels with earnings season right around the corner, and improving expectations for Corporate America’s profit growth indicate that the rally can keep going https://t.co/HtIbBP72s5 ...