Valuations are the big concern. The market's fundamentals will be on full display this coming week when earnings season kicks off with reports from the big banks. ...

Key Takeaways J&J will report third-quarter 2025 results on Oct. 14, kicking off the earnings season for pharma players.Sales growth is expected from Darzalex, Tremfya, Erleada and new drugs like Carvykti and Tecvayli.Stelara faces steep biosimilar competition, while MedTech faces China-related headwinds.Johnson & Johnson (JNJ) will begin the earnings season for the drug & biotech sector when it reports its third-quarter 2025 results on Oct. 14. The Zacks Consensus Estimate for third-quarter sales and earni ...

Core Insights - Goldman Sachs has released its quarterly list of top 25 tactical trades for the earnings season, highlighting both upside and downside names, with Broadcom, Disney, Celsius, and Win as top picks, while MAS and Super Micro are identified as downside risks [1] - The list has outperformed the S&P 500 by 3% annually over the past 13 years, indicating a strong track record in identifying profitable trades [1] Company Highlights - Broadcom is noted for its potential upside, particularly due to its custom compute AI chips, with analyst Jim Schneider projecting earnings visibility above consensus for the next year [3] - Disney's direct-to-consumer business and parks are performing well, with expectations for near-term earnings beats and consensus increases over the next year [8] - Win Resorts is highlighted for its resurgence in volumes in Macau, driven by a loyalty program, and an upcoming UAE investor day is expected to attract attention [11] - City is identified as a top pick in the financial sector, with expectations for fee growth and business simplification to resonate positively with investors [12] Market Trends - The earnings day moves for S&P 500 stocks have shown the highest volatility since 2009, reflecting significant fundamental volatility in the market [4] - There is a notable increase in options activity, particularly in single stocks like Tesla, which accounts for 27% of all single stock options volumes, and zero-day options on the S&P now represent 63% of all index option volume [6][7] - The current market environment is characterized by high dispersion and volatility, influenced by themes such as AI and government policy, which are benefiting some companies while posing challenges for others [5]

Group 1 - The earnings season is set to begin next week, with the tech sector expected to report record results [1] - Recent deal activity in the data center sector is positively influencing the outlook for tech companies [1]

time. We have a trading day ahead. We've had some earnings and much to discuss live at the CBOE.Kevin Hanks with the prebell playbook. Good morning to you. Good morning, Nicole Pedalites.Yeah, it's Friday here at the SIBO and we're looking at futures that are modestly higher, but what's moving are those other parts of the market. You're you're seeing the dollar lower. Why.Well, the Japanese yen is 4/10en of a percent higher this morning. That's creating the lower dollar. Look at the yields now down below 4. ...

Welcome to Market Catalyst. I'm Julie Heyman. We are 30 minutes into the US trading day.Here's what we're watching this hour. First off, US stocks close and fresh record highs, but is the AI trade a bubble. We'll discuss.Plus, Delta forecast strong demand. We'll have more on the results and how the shutdown is affecting airlines. and Federal Reserve officials signal more rate cuts.But how could inflation change its path. All that and more on Market Catalyst. Let's take a look at the major averages.Right now ...

Core Insights - The article provides a market analysis focusing on the S&P 500 and S&P 500 Futures, indicating current trends and potential investment opportunities [1] Group 1: S&P 500 Analysis - The S&P 500 index has shown significant fluctuations, reflecting broader market sentiments and economic indicators [1] - Recent performance metrics suggest a potential upward trend, driven by strong earnings reports from key sectors [1] Group 2: S&P 500 Futures - S&P 500 Futures indicate investor expectations for future market movements, with current data suggesting a bullish outlook [1] - The futures market is reacting to macroeconomic factors, including interest rate changes and inflation concerns, which could impact future performance [1]

Market Overview - Major averages have recently hit record highs, with the S&P 500 closing on over 30 records [1] - There has been a significant rally of 40% from the market's bottom, leading to cautious optimism among investors [2][5] Investment Strategy - The company has raised some cash in anticipation of potential volatility during the upcoming earnings season [3][5] - A cautious approach is being adopted, following Warren Buffett's principle of being fearful when others are greedy, especially in the current information vacuum [4][11] Earnings Outlook - Concerns are raised regarding the deceleration of earnings growth among major tech companies, with the MAG 7 expected to see earnings growth drop from 32% last year to below 15% this quarter [9][10] - Capital expenditures as a percentage of free cash flow among hyperscalers have increased to 60%, impacting earnings growth and stock buybacks [8] Stock Recommendations - Estee Lauder and Diageo are highlighted as attractive defensive stocks, with potential for significant returns over a 3 to 5-year period [12][18] - Diageo is recovering from COVID impacts, targeting $3 billion in free cash flow and experiencing growth in its non-alcoholic beverage segment [17] - Estee Lauder is returning to growth with a focus on online sales, increasing from 20% to 31% of its business, and targeting $1 to $1.1 billion in operating cash flow [19][20]

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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]