$7 billion spinoff

Trump picks Lutnick as Commerce Chief, Comcast to spinoff of cable networks Including CNBC, Russia-US tensions hit global markets, Walmart warns of price increases if Trump's tariffs take effect, and analysts update Nvidia price target ahead of earnings...

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Market Briefing
November 20, 2024

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Good morning.

The Fast Five → Trump picks Lutnick as Commerce Chief, Comcast to spinoff of cable networks Including CNBC, Russia-US tensions hit global markets, Walmart warns of price increases if Trump's tariffs take effect, and analysts update Nvidia price target ahead of earnings…

Calendar: (all times ET) - Full calendar

  • Today:
    none

  • Tomorrow:
    Initial jobless claims, 8:30 am
    Existing home sales 10:00 am

Your 5-minute briefing for Wednesday, November 20:

BEFORE THE OPEN

As of market close 11/19/2024.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 49.84% for Week of November 14 2024

Last week: 41.54%. Updates every Friday.

Market Wrap:

  • Futures up: Dow +76 pts, S&P +0.2%, Nasdaq +0.2%. Nvidia earnings in focus.

  • Comcast +2% post-market; CNBC, MSNBC spin-off plans reported.

  • Nvidia +5% Tuesday, lifting Nasdaq +1%, S&P +0.4%.

  • Nvidia’s AI chip demand may drive markets this week.

  • RBC: Megacap growth dominates despite value trade attempts.

  • Today: Target, TJX earnings, and Fed commentary (Cook, Bowman, Collins).

EARNINGS

Here’s what we’re watching this week. Full calendar »

  • Today: Palo Alto Networks (PANW), Snowflake (SNOW), Target (TGT), TJX Companies (TJX)

    • Nvidia (NVDA) - earnings of $.74 per share (+85% YoY) on $33B revenue (+82% YoY)

  • Thursday: Gap (GAP), Ross Stores (ROST)

    • Deere (DE) - earnings of $3.93 per share (-52% YoY) on $9.3B revenue (-32.7% YoY)

HEADLINES

It is a central cabinet selection in an administration that will likely be shaped by sweeping tariff hike proposals.

The split would cleave off some of NBCUniversal’s best-known brands, which face the same cord-cutting challenges as many other major cable channels.

  • Russia-US tensions hit global markets (more)

  • Treasuries gain on haven-asset demand after Russia hit (more)

  • Dollar rally hits ‘choppy waters’ as two-way trading returns (more)

  • Oil edges higher as Russia-Ukraine war, Iran deal roil market (more)

  • Gold extends gains as Russia’s nuclear shift fans haven demand (more)

  • Bond traders see short-bet payoff capped as dip buyers emerge (more)

  • Single-family housing starts slump; high mortgage rates remain a challenge (more)

  • Trump readies shortlist for financial agencies (more)

  • Kevin Warsh seen by markets as seasoned candidate to lead US Treasury (more)

  • US gov commission pushes Manhattan Project-style AI initiative (more)

  • Nvidia stock gains ahead of earnings as analysts grow more bullish (more)

  • Walmart warns it may raise prices if Trump's tariffs take effect (more)

IN PARTNERSHIP WITH RYSE

This smart home company grew 200% month-over-month…

No, it’s not Ring or Nest—it’s RYSE, a leader in smart shade automation, and you can invest for just $1.75 per share.

RYSE’s innovative SmartShades have already transformed how people control their window coverings, bringing automation to homes without the need for expensive replacements. With 10 fully granted patents and a game-changing Amazon court judgment protecting their tech, RYSE is building a moat in a market projected to grow 23% annually.

This year alone, RYSE has seen revenue grow by 200% month-over-month and expanded into 127 Best Buy locations, with international markets on the horizon. Plus, with partnerships with major retailers like Home Depot and Lowe’s already in the works, they’re just getting started.

Now is your chance to invest in the company disrupting home automation—before they hit their next phase of explosive growth. But don’t wait; this opportunity won’t last long.

DEALFLOW

M+A | Investments

  • Sony in talks to buy media powerhouse behind 'Elden Ring' (more)

  • Amcor to buy Berry Global in $8.4B deal to create packaging powerhouse (more)

  • Drone maker AeroVironment seeks lift from $4.1B deal for BlueHalo (more)

  • Robinhood to buy TradePMR for $300M in wealth client push (more)

  • India's Adani Infra to buy 30% stake in PSP Projects for $81M (more)

  • Ample, an EV battery swapping startup, received a $25M investment from Mitsubishi Corporation (more)

  • Cresta, an AI-powered platform designed for contact centers, received an investment from Accenture Ventures (more)

  • Ecore secures strategic investment from General Atlantic’s BeyondNetZero fund (more)

  • Captain Experiences, an outdoor sports marketplace company, received a $1.5M investment from Mercurius Media Capital (more)

VC

  • Kong, a developer of cloud API technologies, raised $175M in Series E funding, at $2 bln valuation (more)

  • Enfabrica Corporation, a company specializing in networking silicon for AI and accelerated computing, raised $115M in Series (more)

  • Spectro Cloud, a company specializing in modern multi-cluster Kubernetes management at scale, raised $75M in Series C funding (more)

  • Vitara Biomedical, a company developing technology to transform neonatal care, raised $50M in additional funding (more)

  • Selector AI, an AIOps solution company, raised $33M in Series B funding (more)

  • OneChronos, a tech company leveraging advances in auction theory and computer science to optimize financial markets, raised $32M in funding (more)

  • EarthOptics, a company specializing in soil digitization and predictive agronomy, raised $24M in funding (more)

  • Seen Health, a health care org enabling seniors to age at home through a culturally-focused care model, raised $22M in Series A Funding (more)

  • Levanta, an affiliate marketing platform for Amazon sellers, raised $20M in Series A funding (more)

  • Distyl, a provider of automation solutions for AI processes, raised $20M in Series A funding (more)

  • Lightsynq Technologies, a startup developing quantum interconnect tech solutions for commercial use, raised $18M in Series A funding (more)

  • Citizen Health, an AI-powered consumer health platform, raised $14.5M in Seed funding (more)

  • Agentio, an ad platform that scales, measures, and streamlines creator content advertising, raised $12M in Series A funding (more)

  • Kalder, a fintech company specializing in customer loyalty, raised $10.5M in Seed funding (more)

  • Osyte, a developer of AI-powered multi-asset portfolio management technology, raised $4M in Seed funding (more)

  • RIIG, a risk intelligence and cybersecurity solutions provider, raised $3M in Seed funding (more)

  • Avenzo Therapeutics, a clinical-stage biotech company developing new oncology therapies, raised an undisclosed amount in Series A/A1 funding (more)

  • ThoroughCare, a company specializing in care coordination solutions, raised $5M in Series A funding (more)

CRYPTO

  • Bitcoin makes new all-time high of $94,000 as ETF options go live (more)

  • Trump said to consider crypto lawyer Teresa Goody Guillén to lead SEC (more)

  • Rumble stock rises as CEO Teases Bitcoin adoption (more)

BULLISH BITES

👀 Watching: Trump 2.0 will face Big Tech antitrust test.

🛠 Scoop: Meta forms product group to build AI tools for businesses.

🛍 Next Level: Google Lens can now check prices and inventory when shopping in the real world.

🎁 Gift Idea: Tesla is selling a seven-inch version of its humanoid robot.

DAILY SHARES

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