Wake Up With Breakfast News!

Wake up to the latest market news, company insights, and a bit of Foolish fun—all wrapped up in one quick, easy-to-read email, called Breakfast News. Delivered at 7:30 AM ET every single market day. See an example of our weekday Breakfast News email & sign-up below.

Stock futures gained overnight after markets broke their winning streak. The S&P 500 ended the week down 0.3%, as the Nasdaq lost 0.7%. The threat of a government shutdown by Wednesday remains real, casting doubt on whether we'll get the much-anticipated September jobs report due Friday -- forecasts suggest 43,000 new nonfarm payroll jobs during the month. President Donald Trump and congressional leaders plan to meet today.

• AI investors showing nerves: Tuesday marks the end of the third quarter, during which the three major indexes reached record highs despite last week's weakness, triggered in part by fears over artificial intelligence (AI) stock valuations.
• "Perhaps we should anchor to today's multiples as the new normal": Savita Subramanian at Bank of America (NYSE:BAC) echoed thoughts that AI growth and resilient earnings could justify today's valuations -- some approaching dot-com bubble levels.

Tuesday brings a first-quarter update for fiscal 2026 from Stock Advisor rec Nike (NYSE:NKE). Watch for news on the company's turnaround, after Q1 revenue and earnings falls were softer than expected.

• 6% dividend yield forecast: Dividend Investor recommendation Vail Resorts (NYSE:MTN) will report full-year results this afternoon, as Wall Street expects higher year-over-year revenue but lower earnings. Carnival (NYSE:CCL) is due to post Q3 earnings this morning, after strong cruise demand led to revenue and earnings beats in Q2. Analysts expect slower revenue growth this quarter, at 2.7% year over year. Jefferies (NYSE:JEF) releases Q3 earnings after the closing bell, following a Q2 earnings dip.
• Beating earnings estimates by 295.5% in Q4: Cal-Maine Foods (NASDAQ:CALM), the largest egg producer in the U.S., will crack open 2026 Q1 figures on Wednesday, after posting beats in the 2025 closing quarter.

Chinese electric automaker BYD expects to export between 800,000 and 1 million vehicles this year -- making up around 20% of global sales -- reports the South China Morning Post. BYD has already pulled ahead of Tesla (NASDAQ:TSLA) in European sales, though it doesn't currently sell to the U.S. due to tariffs and politics.

• "Our favorite holding period is forever": Warren Buffett and Charlie Munger bought 10% of BYD in 2008 for Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), eventually growing the stake to 20%. After reducing its holding since 2022, Berkshire has confirmed it has now sold the last of it.
• 463,000 vehicles sold in Q3 2024: Tesla, meanwhile, is expected to reveal third-quarter electric vehicle (EV) sales figures sometime this week, with estimates suggesting anywhere between 447,000 and 472,000 units.

Occidental Petroleum (NYSE:OXY) is discussing the sale of its OxyChem division, reports the Financial Times, following a number of previous disposals. The potential buyer has not been revealed, though the report suggests a sale price of around $10 billion.

• "We are extremely pleased with the progress of our divestiture programme and the trajectory of our debt reduction plans": CEO Vicki Hollub spoke of the petrochemicals giant's progress in reducing its debt -- currently around $24 billion -- in Occidental's Q2 earnings call.
• Supply glut and low prices: It comes as others, including Chevron (NYSE:CVX), are in the process of reducing job counts and prioritizing cost savings.

Meta Platforms (NASDAQ:META), Broadcom (NASDAQ:AVGO), and Tesla are each looking to cross the $2 trillion market cap milestone.

If your portfolio comprised just these three companies and you bought each of them at the start of the year with the same amount of money and had to buy more shares in one, completely close your position in another, and hold the final stock, what are you choosing to do and why? Become a member to hear what your fellow Fools are saying!