VIDEO: This Holding's Results Serve as a 'Beat and Raise' in Current Market
Plus, why May inflation data will dictate what’s next for potential rate cuts.
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Chris Versace joins Diane King Hall and the Schwab Network at the NYSE set to discuss earnings season.
He explains the significance of tariff talks weighing on company guidance, saying that, until we see more trade deals, management teams will err on the conservative side.
Chris also looks at results from Shopify SHOP and Dutch Bros BROS. For BROS, he says that the reiterated guidance could be "the new beat and raise" in the current environment.
On the macro side, he doesn't think the Fed is behind the curve and believes the June meeting will be more important as May economic data will reveal tariff impacts.
At the time of publication, TheStreet Pro Portfolio was long BROS.
