Subscribe | Partner

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
50.00% for Wk of Mar 28 2024 (Last week: 43.20%)

Market Recap:

• U.S. stock futures flat Wednesday night

• Dow slightly up, S&P 500, Nasdaq barely budged

• Powell's cautious stance on rates damps market

• Fed cuts expectations drop to 62.3% for June

• ADP's strong job data spooks investors

• 10-year Treasury note briefly tops 4.4%

• Market shows signs of "bullish rotation."

• Today: Jobless claims, trade deficit data

EARNINGS

What we’re watching this week:

• Today: Lindsay (LNN), Simply Good Foods (SMPL)

  • Lamb Weston (LW) - earnings of $1.46 per share for fiscal Q3. Revenue expected to rise 31% to $1.7 billion.

Full earnings calendar here

HEADLINES

Powell Says Fed Has Time to Assess Data Before Deciding to Cut

Apple Explores Home Robotics as Potential ‘Next Big Thing’

• US economy continues to shine with help from consumers, labor market (more)

• Bonds get some relief from Powell’s deja-vu tone (more)

• Gold plows to record high after Powell's remarks (more)

• US Oil is stealing market share from OPEC (more)

• Asian stocks to rise as Powell reaffirms rate cuts (more)

• Citigroup sees ‘exciting market’ for Japan bonds after BOJ move (more)

• EU launches competition probes into Chinese solar panel firms (more)

• Tesla’s shrinking China market share compounds global woes (more)

• Multiple Apple services down for users (more)

• Google plans to charge for AI-powered search engine (more)

• Spotify is raising prices again (more)

• Musk says he’s boosting Tesla pay to stop OpenAI from poaching (more)

• VC’s are still largely on the sidelines despite gen AI hype (more)

A MESSAGE FROM OUR PARTNER

FDA Approval Could Send This Stock Up 46,751%

Whenever the FDA approves a new drug...

Timely investors could see 300-400% returns overnight...

CCXI returned 281% to investors in one day...

Relmada shot up 971% in 9 months...

Agile soared 305% in 5 months...

Here's the next stock we think wins approval >>>

- please support our sponsors -

DEALFLOW

M+A | Investments

• Paramount, Skydance said to enter exclusive merger talks (more)

• Endeavor Group agrees to $13B buyout from Silver Lake (more)

• BlackRock, KKR sell Adnoc Oil Pipeline stake back to Abu Dhabi (more)

• Blue Owl to buy Kuvare Asset Management for insurance push (more)

• Clariant acquires Lucas Meyer Cosmetics for $810M (more)

• PE firm CD&R to buy IT company Presidio from BC Partners (more)

• PE firm EQT agrees to buy software maker Avetta from Welsh Carson (more)

• Italy's Azimut to sell full stake in investment group Kennedy Lewis for $225M (more)

• Broad Sky Partners buys Punctual Pros (more)

• Creative Planning acquires ML&R Wealth Management (more)

• ServiceTitan, a software platform built to empower trades, acquired Convex, a provider of a sales and marketing platform purpose-built for the commercial services industry (more)

• Colohouse, a player in the cloud, hosting, and network services sector, acquires Hivelocity, a provider of bare metal hosting (more)

• NFL helmet maker Riddell gets $400M from BC Partners (more)

• Yellow Pages owner seeks $350M of private credit (more)

• Accel-KKR invests in Aico (more)

• Summit Partners invests in Netgain (more)

VC

• Obsidian Therapeutics, a clinical-stage biotechnology company, raised $160.5M in Series C funding (more)

• Alsym Energy, a developer of non-flammable rechargeable batteries for stationary storage, raised $78M in funding (more)

• Homebase, a company providing an HR and team management app, raised $60M in Series D funding (more)

• HawkEye 360, a provider of space-based RF data and analytics, received $40M in debt financing from Silicon Valley Bank (more)

• Netgain, a provider of software for finance and accounting teams, raised $35M in funding (more)

• actnano, a company specializing in surface protection technologies for automotive, consumer, and industrial electronics, raised $30M in funding (more)

• Biofidelity, a genomic technology company, raised $24M in funding (more)

• Medcura, a developer of hemostatic products for use in surgery, closed a $22.4M in convertible debt (more)

• Oros Labs, a thermal solutions company, raised $22M in Series B funding (more)

• Datavolo, a company which specializes in multimodal data pipelines for AI, raised over $21M in funding (more)

• Miach Orthopaedics, a company transforming the treatment of ACL tears from reconstruction to restoration with the BEAR® Implant, raised $20M in Series B funding (more)

• Permiso, a threat detection company, raised $18M in Series A funding (more)

• dappOS, an intent execution network operator, raised $15.3M in Series A funding, at a $300M valuation (more)

• Raven SR, a renewable fuels company, raised $15M in funding (more)

• Nucleai, a spatial AI biomarker company, raised $14M in funding (more)

• Agora, a provider of a digital dollar (aka stablecoin), raised $12M in Seed funding (more)

• Allure Security, an online brand protection-as-a-service company, raised $10M in Series A funding (more)

• NobleAI, a company specializing in science-based AI solutions, raised over $10M in Series A extension funding (more)

• Higgsfield AI, a startup focused on democratizing social media video creation, raised $8M in seed funding (more)

• TrojAI, a provider of enterprise AI security solutions, raised $5.75M in Seed funding (more)

• Home From College, a provider of a career platform, raised $5.4M in funding (more)

• Delivery Collective, provider of a merchant-first delivery infrastructure, raised $3.8M in funding (more)

• Conformation-X Therapeutics, an immune-oncology focused drug development company, raised a further tranche of $3.65M (more)

• Gesture, a gifting and delivery platform, received a growth funding package from Decathlon Capital Partners (more)

CRYPTO

Powered by MILKROAD - Get smarter about crypto in 5 min.

• Bitcoin offshoot undergoes ‘halving’ in prelude to larger blockchain’s change (more)

• Wall Street seizes Bitcoin volatility with leveraged, short ETFs (more)

• Galaxy plans to raise $100M for crypto venture fund (more)

BULLISH BITES

🤖 Rundown: YC’s Winter 2024 Demo Day confirms that we are indeed in an AI bubble.

🫡 Tech pledge wanted: Billie Eilish, Nicki Minaj, Stevie Wonder and more musicians demand protection against AI.

🚗🚙 Decisions, decisions: Understanding the slow and messy switch to electric cars.

📟 Next-level: Welcome to the AI gadget era.

🔥 In case you missed it… Experience MarketSurge for FREE thru Sunday - No Credit Card Required. Don’t miss this chance to explore premium market insights and tools — try it now » (grab your chance before it expires!)

DAILY SHARES

Know someone who would enjoy this?

Like what you see? Get tomorrow’s briefing here »

Have a comment or suggestion? We’d love to hear it!
💌 Send us a message

ADVERTISE | SUBSCRIBE