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Wall Street Breakfast

Wall Street Roundup: retail earnings, Reddit volatility, AI momentum

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 23 May 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Target post-earnings (0:20) More retail earnings (1:45). Reddit volatility (3:15). CoreWeave momentum and the AI trade (4:50). Nvidia's important data point (8:40). Moody's downgrade and bonds (9:30).

Show Notes:
Target Q1 Earnings Call Transcript
Tech Stocks - Focus On What Management Isn't Talking About

Episode transcripts: seekingalpha.com/wsb

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Transcript

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0:00.0

Welcome back to Wall Street Roundup with our director of news here at Seeking Alpha, the illustrious Brian Stewart. Welcome back to another week.

0:20.0

Great to be here. Thanks a lot.

0:21.3

Target released earnings this week. I think that will say a lot about what's happening or what's

0:27.3

been happening in the retail picture, some concerns around Target. What have you seen out of Target

0:34.4

and what has been the market's response? So Target fell about 5% after its earnings were released yesterday.

0:42.2

However, it's rebounding about 3%.

0:43.7

So far today we're recording this on Thursday.

0:47.2

So all in all, you take the two days together, not much of a move, even though the news

0:52.8

out of the company was pretty disappointing.

0:54.8

Disappointing quarter lowered guidance.

0:57.5

Company is losing market share to places like Walmart and Costco.

1:01.9

There's also a cloud hanging over the company.

1:04.3

There's been a boycott based on its changing DEI policies.

1:10.1

Not clear how much of that is part of the problem or whether

1:13.4

it's more macro concerns. But the company lost ground earlier this year. So I think the general

1:20.9

take coming out of it is bad, but not worse than had already been baked into the stock. So still need to find the pivot

1:32.3

point for a turnaround and certainly not there yet. And other earnings that you've seen this week,

1:39.2

what would you put at the top of that list in terms of interesting and pertinent and valuable for investors

1:45.9

to know about? Well, playing off of Target, William Sonoma was down after its earnings as well.

1:51.8

It was down about 9% earlier today on those results. However, it's rebounded somewhat. It's now

1:57.9

down about 5%. So in a way, the same kind of reaction as

2:02.8

Target, an initial downturn after a disappointing report, and then stabilization from there.

...

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