Biggest earnings’ beats

Automakers are experiencing a pivot: Analyst

The auto sector experienced a challenging week, with major players Tesla (TSLA), Ford (F), and General Motors (GM) all reporting weaker-than-expected earnings. Dan Levy, Barclays senior autos analyst, joins Market Domination to discuss the current state of the auto industry. Levy identifies a trend in the auto industry: "a pivot to demand constraints and away from supply constraints." He explains that in recent years, demand was strong while supply was weak. However, "that's really flipped this year," with automakers now "grappling with this reality" of softer demand. Regarding the potential impact of the upcoming election on the electric vehicle (EV) market, Levy notes that automakers will likely continue with their product planning cycles "regardless of who is in office". However, he points out that a Trump-Vance administration could potentially change the Inflation Reduction Act's EV tax purchase credit and might lead to softer regulatory mandates for the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

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  Hoka is a frontrunner among footwear brands: Analyst

  Yahoo Finance Video
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  Newell Brands stock surges on Q2 earnings beat, raised guidance

  Yahoo Finance Video

June PCE inflation print, auto earnings: Morning Brief

The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, showed prices rising at its slowest rate in over three years while core PCE data came largely in-line with expectations. Seana Smith and Jared Blikre help investors start the day off right, highlighting the biggest market stories this morning as the three major averages (^DJI, ^IXIC, ^GSPC) digest the June PCE print. Bank of America Securities head of US economics Michael Gapen joins the program to shine a light on how the Fed may be looking at the June PCE data, alongside other recent inflation prints, in terms of its interest rate cut strategy. Bernstein senior analyst Daniel Roeska also sits down with The Morning Brief team to cover the auto industry's earnings performance this week, including Tesla (TSLA) and Stellantis (STLA). Other top trending tickers on the Yahoo Finance platform include the 3M Company (MMM), Deckers Outdoor (DECK), DexCom (DXCM), Norfolk Southern (NSC), and Coursera (COUR). This post was written by Luke Carberry Mogan.

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  Stellantis earnings show company 'messed up': Analyst

  Yahoo Finance Video
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  Coursera, Norfolk Southern, CATL: Earnings in focus

  Yahoo Finance Video

Deckers Outdoor stock surges after raising full-year outlook

Shares of Deckers Outdoor (DECK) are surging after the company raised its full-year profit guidance, pointing to HOKA and UGG driving "robust full-price demand." Morning Brief Hosts Jared Blikre and Seana Smith break down the earnings and some of the analyst notes following the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl