Microsoft will have harder time surprising investors to the upside, says Ritholtz’s Josh Brown from CNBC. Bank of America bearish on Charles Schwab from CNBC. Final Trades: 3M, Exxon, CarMax & more from CNBC.

 Pullbacks in cloud and advertising spending will hurt tech earnings, says Hightower’s Stephanie Link from CNBC. Bullish calls on Nike and PayPal from CNBC. Final Trades: UnitedHealth, Johnson & Johnson & more from CNBC.

Two quarters ago, the consumer was “resilient” and last quarter the consumer was “hanging in there.” Now the consumer is “being careful.”

Jefferies downgrades Raytheon to hold from CNBC. Final Trades: Gilead, Vertex, Wynn & more from CNBC.

Final Trades: T-Mobile, Goldman Sachs, Corteva & more from CNBC. HSBC double upgrades Nvidia to buy from CNBC. The ‘Investment Committee’ weigh in on the traditional 60/40 portfolio from CNBC.

Chart of the day: Delta Air Lines from CNBC. Grade my trade: CLF & TSLA from CNBC. Citi upgrades Merck to buy from CNBC. Final Trades: Biotech, Defense, Thermo Fisher & more from CNBC.

Growth and quality look like two best performing factors of 2023, says Josh Brown from CNBC. Costco falls on weak monthly sales from CNBC. Final Trades: Pioneer, Oracle, CVS & more from CNBC.

If you put A players on a team with C players, your A players are going to play down.

Josh Brown buys Newmont: Technicals aligning with fundamentals for gold miners from CNBC. Boeing downgraded to sell by Northcoast from CNBC. Final Trades: Cisco, P&G, Oracle from CNBC.

Walmart upgraded to outperform at Evercore from CNBC. Final Trades: SLB, Micron, CVS & more from CNBC.