John Sulfus, chief investment strategist at Oppenheimer is joining me now. Okay. So, where are you looking for the opportunities amid all this bubble talk and excuse me, but the roller coaster that is the market right now.>> Well, great to be on the show with you today, Contessa, especially on really where the Fed has been so kind to us, you know, great to hear from the New York Fed and from the Boston Fed today and see the market rally the way it is. Uh we think you know where we stand right now it really ...

Core Insights - Dave & Buster's shares fell 5.4% after Freedom Capital Markets initiated coverage with a 'Hold' rating and a $16 price target [1][2] - The company is facing challenges with same-store sales and traffic, which are expected to remain soft, following disappointing second-quarter results [2] - Other firms have reacted to the weak performance by reducing price targets and downgrading the company's ratings due to concerns over declining sales and financial health [2] Market Reaction - The stock has shown extreme volatility, with 47 moves greater than 5% over the past year, indicating that the market finds the recent news significant but not fundamentally altering its perception of the business [4] - Year-to-date, Dave & Buster's shares are down 56.1%, trading at $13.30, which is 68.4% below its 52-week high of $42.02 from November 2024 [5] - An investment of $1,000 in Dave & Buster's shares five years ago would now be worth $718.56, highlighting the stock's poor performance over the long term [5]

Core Viewpoint - The recent sell-off in Ferrari's shares may be overdone, with questions surrounding the justification of the stock's sharp pullback in light of underwhelming long-term growth targets revealed in its five-year plan [1] Group 1: Financial Performance - In Q2 2025, Ferrari's revenue increased by 4.4% year-over-year to €1.79 billion, a slowdown from 13% growth in Q1 2025 and 11.8% for the full year 2024 [3] - Operating profit rose by 8.1% to €552 million, improving the operating margin to 30.9% from 29.9% a year ago [4] - The company reaffirmed its full-year revenue target of at least €7.1 billion and adjusted EBITDA of at least €2.72 billion, with an adjusted EBITDA margin of 38.3% or higher [5] Group 2: Growth Projections - For 2030, Ferrari's plan outlines revenue of about €9.0 billion and at least €3.6 billion of EBITDA, with a compound average annual growth rate of just 5%, a significant decrease from last year's 11.8% growth [6] - The upcoming F80 hypercar, limited to 799 units with a price tag of approximately $3.7 million, is expected to boost revenue and profitability, particularly in 2026 [8] Group 3: Market Sentiment and Valuation - Despite the stock's decline, shares are trading at a price-to-earnings ratio of about 38, indicating that the stock is not necessarily cheap [7] - Management indicated that personalization revenue growth may not be as strong in the coming years, suggesting a normalization in this revenue stream [9] - The current valuation does not provide a wide margin of safety if growth merely meets the new conservative targets [10] Group 4: Investment Considerations - Given the strong brand presence and upcoming catalysts, investors may consider buying the dip cautiously, potentially starting with a partial position and monitoring F80 deliveries and 2026 model introductions for further investment opportunities [11]

Core Viewpoint - Carnival has made a significant recovery post-pandemic, showing strong demand and record operating profits, but recent stock price declines raise questions about future performance [1][2]. Company Overview - Carnival is the largest cruise operator globally, with a fleet of 90 ships across various brands, including Princess and Holland [2]. - The company is experiencing demand that exceeds its current capacity, prompting orders for additional ships to accommodate travelers [2]. Demand Generation - Carnival is actively enhancing demand through new features and exclusive destinations, such as the recently opened Celebration Key in the Caribbean [3]. - Management anticipates high visitor traffic at Celebration Key, with two ships in port 85% of the time [3]. Capacity Expansion - The company is strategically relocating ships to high-demand areas and has plans to increase capacity for the 2027 and 2028 sailing seasons [4]. - New booking options have been introduced in South Florida and Texas, along with new home ports in Norfolk, Virginia, and Baltimore, Maryland [4]. Financial Performance - Carnival reported its highest-ever quarterly adjusted net income of $2 billion for the fiscal third quarter ending August 31, exceeding guidance across all metrics [6]. - The company has raised its full-year guidance multiple times this year, indicating strong financial momentum [6]. Stock Market Reaction - Despite strong earnings, Carnival's stock fell 7% following the report, attributed to concerns over its remaining $26.5 billion debt and a modest 4% year-over-year revenue increase [7][8]. - The market reaction may also be linked to rising crude oil prices and plans to convert some debt into stock, which could dilute existing shares [8]. Analyst Sentiment - Wall Street analysts are optimistic, with 73% recommending Carnival as a buy, projecting an average price target increase of 27% over the next 12 to 18 months [9]. - Analysts suggest that long-term investors may find this a favorable buying opportunity despite potential short-term volatility [10][11].

Core Viewpoint - Pinterest reported strong revenue growth but missed EPS expectations, leading to a significant stock decline of about 12% [1][2]. Group 1: Financial Performance - Pinterest's Q2 revenue grew by 17% year over year, exceeding analysts' expectations [4]. - The company added 8 million users in the quarter, reaching a total of 578 million monthly active users [4]. - Free cash flow margin was nearly 20%, up from 12% in Q2 2024 [5]. - The average revenue per user (ARPU) in Europe increased by 26%, while the Rest of World segment saw a 44% increase in revenue year over year [6]. Group 2: Balance Sheet and Shareholder Value - Pinterest holds $2.66 billion in cash and marketable securities, an increase of nearly $150 million from the previous year [7]. - The outstanding share count has decreased by almost 3% over the past year due to buybacks [7]. Group 3: Concerns and Market Reaction - Management expressed concerns about the impact of tariffs on advertising spending, particularly affecting Asia-based e-commerce retailers [9]. - The initial stock decline was exacerbated by these comments, despite a strong revenue forecast [9]. Group 4: Investment Perspective - The current stock decline may present a buying opportunity for long-term investors if the tariff effects are viewed as temporary [10][11]. - The long-term investment thesis remains intact, with management performing well despite short-term volatility [11].

Core Insights - 3M's stock declined by 5.2% following the second-quarter earnings report, despite solid results indicating positive management direction [1] Group 1: Market Performance - 3M's end markets are not improving as expected, with CEO Bill Brown lowering the full-year organic growth range to 2% from an initial 2%-3% [2][3] - Key end markets such as consumer electronics and the auto sector are facing challenges, contributing to the stock's decline [3] Group 2: Operational Performance - The company is effectively implementing self-help initiatives, which are positively impacting operational performance [5] - New product introductions reached 126, positioning the company to exceed its target of 215 by 2025 [6] - On-time-in-full (OTIF) deliveries are at their highest level in nearly six years, indicating improved operational efficiency [6] Group 3: Financial Guidance - Management raised full-year operating profit expansion guidance to 150 basis points to 200 basis points, up from 130 basis points to 190 basis points [6] - Full-year earnings per share guidance has been increased to $7.75-$8.00 from $7.60-$7.90 previously [6]

Core Viewpoint - Oscar Health's stock price experienced a significant decline of 18% on July 2, 2025, prompting discussions about potential buying opportunities [1] Company Summary - The stock price drop of Oscar Health (OSCR) was noted to be 18.73% on the trading day of July 2, 2025 [1]