IPO Market & Capital Markets - The IPO market is showing new signs of life and is starting to reopen in a healthy manner [1][2] - July saw 10 IPOs totaling $43 billion (430 亿 美元), with strong average performance [2] - There is a backlog of 150 IPOs, with companies showing investable attributes [4] - Capital markets are generally reopening [2] Macroeconomic Environment - The market is transitioning from a predictable, volatile environment to an opportunistic, volatile environment [5] - Corporations and investors are taking advantage of moments of reprieve to deploy capital [5][6] - The focus is shifting to deregulation and tax cuts to grow the economy [5] Generative AI & Technology - Value is accruing to gen AI users, not just enablers [7] - Mag-7 earnings transcripts indicate gen AI is adding top-line revenue contributions and EBITDA efficiencies [7] - The discussion is shifting to growth metrics and the durability of growth, especially in the current earnings cycle [8] - Companies are using metrics to quantify the return on invested capital and the generative AI contribution to top line or margin efficiency [9] Market Outlook - The current earnings season is robust, with approximately 80% of companies reporting a meet or beat on top line [10] - Despite mixed economic data, the market continues to push through [10] - The tech and growth sectors are entering an exciting time for dealmaking and the broader market [11]

That's quartell on Wall Street and now it's market domination overtime. We're giving you full team coverage of all the moves to get you up to speed on the action from today's trade. Jessica Inskuit, director of investor research at stockbrokers.com as well as Yahoo Financ's Josh Schaefer joining us here to break down the moves. Josh, going to start with you on that close. >> Hey Josh.Yes, we did have all three major averages closed today higher. You can see the Dow Jones Industrial Average closing almost 10 ...

The stock market reaction to the impressive start to earnings season has been fairly muted, an ominous sign that much of the good news is priced in https://t.co/MBz1e182UJ ...

Market Outlook - The market is anticipating the upcoming earnings season, particularly from banks, amidst concerns about tariff threats [1] - The market is considered well-aware of potential tariff impacts, though a short-term breather is expected to assess the actual tariff rates [2][3][6] - A historic rally of 26% in the US stock market post "Liberation Day" lows suggests a need for digestion [7] Valuation and Sector Analysis - The market is generally expensive compared to its historical valuations [8] - The "Mag Seven" stocks contribute to higher market valuations due to their deservedly higher valuations [9] - Other sectors are expensive but not as much as technology, reflecting different growth rates [10] - It's difficult to identify clear bubbles in the market currently, although potential over-expenditure in AI CapEx by the "Mag Seven" could become one [11] Tariff Impact - Initial tariff headlines caused significant concern, but the market rallied as the extreme scenarios seemed less likely [4] - Renewed discussions by the president about higher tariff rates are expected to increase the overall US tariff rate [5]

Investment Strategy - Investors should exercise greater selectivity during this earnings season [1] - Analysts' views are showing increasing divergence [1] Source - Morgan Stanley strategists suggest the investment strategy [1]

Market Outlook - S&P 500 could reach 6,500, influenced by potential tariff impacts on GDP and earnings [2][4] - Tariff impacts could lead to a 1% GDP hit resulting in approximately a 4% earnings reduction [2] - Market's positive reaction to Delta's improved forecast indicates continued economic growth and consumer spending [5][6] Earnings Season Expectations - Earnings season is pivotal for assessing consumer and business spending, providing real-time data [8] - Financial sector and banking sector are expected to benefit, despite challenging year-over-year comparisons [10] - Regional banks are favored over larger banks due to price-to-book ratios and potential deregulation benefits [10] Investment Strategy - Robin Hood strategies have shifted towards GARP (Growth at a Reasonable Price), including tech, aerospace and defense, and midcaps [13] - Midcaps are considered undervalued, with long-term average price-to-earnings ratios at 19 times, currently at 16 times [13] - Potential rate cuts by the Federal Reserve could drive the S&P 500 to 6,500, but concerns remain regarding the labor market [11][15]