MRKT MATRIX: August 21, 2024

Today’s Top Stories:

• S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut (CNBC)

• Target shares spike as profits rise, despite cautious sales outlook (CNBC)

• TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter (CNBC)

• Macy’s cuts sales forecast as department stores struggle to draw shoppers (CNBC)

• JD.com Stock Falls, Dragging on Chinese Tech. Why Walmart’s Stake Sale Is a Worry. (Barron’s)

• Ford Scraps Electric SUV in $1.9 Billion Hit to EV Ambitions (Bloomberg)

• Crowded Bitcoin Derivatives Bets Spur Warning of ‘Short Squeeze’ (Bloomberg)

• Nvidia Eyes Return to Record as AI Spending Bonanza Continues (Bloomberg)

• Charles Schwab Wants to Fix Its Struggling Bank. Investors Are Skeptical. (WSJ)

Today’s MRKT Call is Presented by SoFi

What Job Revisions Really Mean

Dan Nathan, Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, August 21st

Click here to access all of the charts mentioned in today’s MRKT Call.

Sign up below to receive daily MRKT Call reminders and early access to the charts featured in the show.

Today’s Okay, Computer. is Presented by RBC and Current

Dan Niles on Mag7 Guidance + Nvidia Earnings Preview

Dan Nathan and Dan Niles, the founder of Niles Investment Management, dive into a comprehensive discussion on the current macroeconomic landscape, highlighting the implications of Federal Reserve policies and market expectations. They explore the potential for a soft landing in the U.S. economy, emphasizing the critical role of unemployment and inflation metrics. The conversation extends to the tech sector's 'Magnificent Seven,' focusing on recent earnings trends, AI capital expenditures, and the varying performances of tech giants such as NVIDIA, Microsoft, Apple, and Amazon. They also examine the cyclical nature of tech upgrades, particularly in relation to Apple's latest innovations, and the long-term impact of AI advancements on market dynamics.

Subscribe to the RiskReversal YouTube Channel and drop a comment/like to show your support

Want to check out past episodes? Search for “On The Tape,” “MRKT Call,” or “Okay, Computer.” wherever you listen to podcasts

We want to hear your feedback! Reply to this email with any comments or questions