Wall Street Breakfast

Trump fine after assassination attempt

Former president says he is OK after rally shooting. (0:16) Netflix highlights earnings week. (1:39) Dividend calendar. (2:15)

Show Notes
Goldman lists its top 25 tactical trades for earnings season

Episode transcripts: seekingalpha.com/wsb
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Duration:: 3m
Broadcast on:: 14 Jul 2024
Audio Format:: mp3

(upbeat music) Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's Market Moving Events, along with the weekends, top news and analysis. Hello, today is Sunday, July 14th, and I'm your host, Kim Khan. Donald Trump's campaign says he is fine after what law enforcement officials are treating as an assassination attempt during a rally in Butler, Pennsylvania. The AP reports that officials said the man who opened fire was a 20-year-old from Pennsylvania. In a social media post, Trump said he was shot with a bullet that pierced the upper part of my right ear. The former president was quickly whisked away from stage by Secret Service agents, his ear covered in blood. A prosecutor said the suspected gunman, and at least one attendee you're dead, and the Secret Service said two spectators were critically injured. President Joe Biden and political leaders of all stripes condemned the attack. There's no place in America with this type of violence, Biden said. It's sick, it's sick. Among the global reaction, Japanese Prime Minister Fubio Kishada said, "We must stand firm against any form "of violence that challenges democracy." European Commission President Ursula von der Leyen said she was deeply shocked by the shooting, adding political violence has no place in democracy. UK Prime Minister Kier Starmer said that he was appalled by the shocking scenes and sent his best wishes to Trump and his family. In the corporate arena, Elon Musk said, "I fully endorse President Trump "and hope for his rapid recovery." Moving to earning season, which is gearing up, there are more financial results starting this week. On Monday, Goldman Sachs and BlackRock weigh in, United Health, Bank of America, Progressive, Morgan Stanley, PNC Financial, and JB Hunt Transport report earnings on Tuesday. On Wednesday, Johnson and Johnson, U.S. Bank or Kinder Morgan, United Airlines, and Ally Financial are due. Netflix, Abbott Labs, Blackstone, Domino's Pizza, and Taiwan's semiconductor report numbers on Thursday. And wrapping up Friday, our American Express, Halliburton, and Travelers. For income investors, Avvy and PNC Financial go X-Divide on Monday, Colgate-Palmala and William Sinoa go X-Divide on Friday. And in the Wall Street research corner, Goldman Sachs has released a list of 25 of its top tactical stocks for the next three months. The list consists of the 25 most out-of-consensus opportunities from its America's coverage. Goldman sees potential for upward earnings revisions to bolster 17 stocks. It also sees downward profit revisions to drive downside in eight stocks. John Marshall, head of the derivatives research division, says single stock options volumes have declined over the past month, suggesting that retail and hedge fund traders are less excited about near-term upside asymmetry. With less chance for an upside squeeze, we expect hedge funds to increase short positions in fundamentally weak companies in the coming days. Among the picks are Chipotle, Starbucks, Intuitive Surgical, and Microsoft on the buy side, and Boston Beer and eBay on the sell side. Check out the full list in the story on Seeking Alpha. That'll be at the top of show notes. That's all for today's Wall Street brunch. Look for links to stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com/WSB. And join the elite community of real investors to an Earth-great investing ideas. Just head to seekingalpha.com/subscriptions. (upbeat music) [BLANK_AUDIO]