BEFORE THE OPEN

MARKETS:

• Stock futures stable after Nasdaq's weak session.

• Bloomin' Brands gains over 5% in after-hours trading.

• S&P 500 starts the year down 0.6%.

• Nasdaq drops 1.6% with Apple's decline and tech stocks' slump.

• AI beneficiaries Nvidia and AMD down, VanEck Semiconductor ETF drops.

• Short-term correction expected, but long-term outlook positive.

• Markets rebounded in 2023 with easing inflation and rate cut hopes.

• Fed's December meeting minutes and economic data to watch for further insights.

EARNINGS

What we’re watching this week:

• Thursday: Conagra (CAG), Lindsay Corp (LNN)

  • Walgreens Boots Alliance (WBA) - expected: $.63 per share (-45.7% YoY) on $34.9 billion revenue (+4.5% YoY)

• Friday:

  • Constellation Brands (STZ) - expected: $3.00 per share (+6.0% YoY) on $2.5 billion revenue (+4.2% YoY)

Full earnings calendar here

HEADLINES

For Investors, 2024 is Year of Transition to a New Economic Order

Apple Shares Fall After Barclays Downgrade

• Dollar kicks off 2024 with best day since March on Fed doubt (more)

• 2024 will be 'Year of AI' as tech stocks surge up to 33%, Wedbush says (more)

• US public debt tops $34 trillion as Congress heads into funding fight (more)

• Harvard’s President Claudine Gay to resign after controversy (more)

  • Read Gay’s resignation letter (more)

• Global shipping firms continue to pause Red Sea shipments (more)

• US pressured Netherlands to block China-bound chip machinery (more)

• Tesla reports record 485K deliveries for Q4; hits 1.8 million annual delivery goal (more)

• China’s BYD overtakes Tesla as world’s biggest electric vehicle seller (more)

• ASML blocked from shipping some of its critical chipmaking tools to China (more)

• Fidelity marks down X valuation by 71.5% (more)

• Michael Saylor commences plan to sell $216M worth of MicroStrategy stock options (more)

• Moderna stock pops after Oppenheimer says company could launch more products over next two years (more)

• JPMorgan shares climb to record high (more)

• More customers cancel their streaming services as companies like Netflix, Amazon, and Disney hike prices (more)

• Dealmakers go half steam ahead to M&A recovery (more)

TOGETHER WITH BEHIND THE MARKETS

Biden’s biggest mistake

On February 27, 2023, Joe Biden made a decision that could cost the U.S. government $9 trillion dollars...and cut the living standards of American citizens by 25%.

How you handle this situation will be one of the most important financial decisions you ever make.

Get the full story here >>>

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DEALFLOW

M & A | INVESTMENTS

• Buyout firm Advent held talks to buy Fisher Investments (more)

• Carlyle’s Gabon asset sale at risk as Junta decides to take over (more)

• Gemspring-backed Amplix acquires Go2 (more)

• Fourshoe Partners purchases Power Funding (more)

• Kimco Realty buys RPT Realty (more)

• Platinum Equity purchases Horizon Organic and Wallaby (more)

• DayDayCook buys Yai’s Thai (more)

• Dish merges with EchoStar, buying time for Ergen’s mobile empire (more)

• Ara Partners acquires majority interest in USD clean fuels (more)

VC

• Heranova Lifesciences, a biotech company for women’s health, raised $13.5M in Seed+ funding (more)

• Apollo Therapeutics, a portfolio biopharmaceutical company focused on translating fundamental medical research into medicines, raised $33.5M in a second close of its Series C financing (more)

IPO

• KKR-backed BrightSpring is first to file in 2024 for big IPO (more)

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CRYPTO

• Bitcoin spot ETF anticipation boosts BTC price to nearly $46K in strong start to 2024 (more)

• Jim Cramer capitulates on Bitcoin: 'Technological marvel … it's here to stay' (more)

• BlackRock delays $10 million Bitcoin purchase, new date unveiled (more)

• Bankman-Fried won’t face second trial on remaining charges (more)

• Puma is sticking to its web3 bets as crypto shakes off a long-held winter (more)

BULLISH BITES

🐭 For grabs? Welcome to the public domain, Mickey Mouse.

🎻 Orchestrated: A plan was hatched to make the football player “as famous as the Rock.” Meet the duo who brought you Travis Kelce.

🏸 Old is new: Grandpacore, groovy weddings, badminton and jazz — get ahead of 2024 trends.

❌ C’est la vie: Will 2024 mark the end of the 'Digital Agency'?

💰 Behind The Markets: Last February Biden made a decision that could cost the U.S. government $9 trillion dollars and cut America's living standards by 25%. Get the full story here…

DAILY SHARES

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