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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
43.20% for Wk of Mar 21 2024 (Last week: 45.90%)

Market Recap:

• S&P 500 falls 0.28%, Nasdaq down 0.42%, Dow slips 0.08%.

• Tesla rises 3%, Seagate Tech up 7.4%, Krispy Kreme soars 39%.

• Mixed data: durable goods orders up, but consumer confidence wanes.

• Quiet week ahead, awaiting personal consumption and labor market readings.

• March marks fifth consecutive month of gains: S&P up 2%, Nasdaq 1.4%, Dow 0.7%.

EARNINGS

What we’re watching this week:

• Today: Jefferies (JEF)

• Thursday: Oxford Industries (OXM), Semtech (SMTC)

  • Walgreens Boots Alliance (WBA) - earnings of $.82 per share (-29.3% YoY). Revenue forecast to fall 2.9% to $35.9B.

Full earnings calendar here

HEADLINES

Baltimore’s Freak Bridge Collapse Reverberates From Cars to Coal

Trump's Media Company Valued at Almost $8 Billion in Strong Wall St Debut

• Biden wants US Gov to pay to rebuild Baltimore bridge (more)

  • Logistics companies scramble after bridge collapse closes Port of Baltimore (more)

• Dow, S&P fall for third straight session with inflation data eyed (more)

• 10-year Treasury yield slips lower as investors weigh economic data (more)

• Cocoa prices hit $10,000 per metric ton for the first time ever (more)

• China profits eyed as Xi meets US biz chiefs (more)

• Larry Fink warns of ‘snowballing debt’ hitting US economy (more)

• McDonald’s to sell Krispy Kreme nationwide; shares jump (more)

• Viking Therapeutics stock jumps more than 25% on promising weight loss pill data (more)

• Canada Goose to cut 17% of corporate workforce, after string of retail layoffs (more)

• GameStop faces 'unsustainable' sales decline, cuts jobs (more)

• Amazon launches same-day prescription delivery in NY and LA (more)

• Visa and Mastercard agree to $30B settlement that will lower merchant fees (more)

• Megadeals make a comeback to power $660B M&A revival (more)

• Robinhood ventures beyond trading with new credit card (more)

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DEALFLOW

M+A | Investments

• Two bidders in talks to buy German retail giant Galeria (more)

• UK's DS Smith in deal talks with International Paper (more)

• Aroma360, a company specializing in scent branding and marketing, acquired NextScent, a provider of air-care solution (more)

• HCPI-backed Prince Industries purchases Bradford Machine (more)

• PE-backed Park Place Technologies buys SDV Solutions (more)

• Ares-backed RLG buys Labelcraft (more)

• PE-backed Perforce completes purchase of Delphix (more)

• L Catterton invests in Storyteller Overland (more)

VC

• Viam, a software platform for smart machines, raised $45M in Series B funding (more)

• Fieldguide, an AI platform for advisory and audit services, raised $30M in Series B funding (more)

• Tennr, a startup that automates manual work for healthcare organizations, raised $18M in Series A funding (more)

• ZayZoon, an earned wage access provider for small and mid-sized businesses, raised $15M in Series B extension funding (more)

• MyPrize, an online crypto casino enabling novel multiplayer experiences, raised $13M, at $140M valuation (more)

• Picogrid, a defense technology startup, raised $12M in Seed funding (more)

• Activeloop, provider of a database for AI, raised $11M in Series A funding (more)

• Iron Sheepdog, provider of a trucking technology solution for brokers and contractors, raised $10M in Series B funding (more)

• Abstract Security, a provider of a security platform equipped with an AI-powered assistant, raised $8.5M in Seed funding (more)

• OpenPipe, a tool that lets developers create their own application-specific LLM’s, closed a $6.7M seed funding round (more)

• OneNotary, an online, on-demand notarization provider, closed a $5M Series A funding round (more)

• Ionobell, a silicon battery technology company, raised $3.9M in Seed extension funding (more)

• Chiyo, a maternal nutrition company, raised $3M in funding (more)

• Popolarium, a games studio, raised $2M in Seed funding (more)

CRYPTO

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• Bitcoin ETFs snap outflows streak, accumulate $15.4M (more)

• Crypto VC backers are dubious about bull-market hype (more)

• SEC seeks $1.95B fine in final judgment against Ripple (more)

BULLISH BITES

🌉 Aftermath: What to know about the ripple effects of the Baltimore bridge collapse.

🍎 WWDC 2024: Apple will be playing AI catch-up as they prepare to tell us what in the world they plan to do with AI, at the Worldwide Developers Conference set for June 10th.

👬 Odd couple: Netflix’s co-CEOs are nothing alike. That’s a good thing.

🍽 Lost kitchen: A Maine restaurant so hot that it has prospective patrons request a reservation by postcard.

💰 Don’t put it off: Just answer a few questions and be connected with 2-3 financial advisors in your area right now. WiserAdvisor has been matching investors since 1998 - there is no charge, and no obligation… try it » *

DAILY SHARES

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