BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 49.62% for Week of September 26 2024

Market Wrap:

• S&P hit a record, up 0.40% to 5,745.37.

• Nasdaq gained 0.60%, Dow added 260 points, +0.62%.

• Micron surged 14.7% on strong guidance; SMH ETF +2.9%.

• Strong jobless claims, durable goods data eased slowdown fears.

• Q2 GDP steady at 3%, reinforcing economic strength.

EARNINGS

No earnings being watched today. See full earnings calendar here.

HEADLINES

China Stocks Set for Best Week Since 2008

Harris, Dem Sweep Could Mean a $2.2 Trillion Tax Hike for S&P 500 Companies

• S&P 500 notches fresh record ahead of PCE data (more)

• Low weekly jobless claims, big corporate profits show economy's resilience (more)

• Post-pandemic economic growth revised higher in annual update (more)

• Silver surges to highest since 2012 as precious metals rally (more)

• Wells Fargo sends Fed a crucial review for lifting asset cap (more)

• Super Micro shares tumble 15% after DOJ opens probe into company (more)

• Nvidia is back in the $3 trillion club—and Huang is $2 billion richer (more)

• Southwest Airlines stock soars after it lays out overhaul (more)

• OpenAI CEO denies exec departures linked to restructuring (more)

• Citi, Apollo join forces in $25 billion private credit push (more)

• US IPOs set to extend recovery after staging a solid comeback (more)

• Power thirst complicates ESG investors' love affair with tech stocks (more)

A MESSAGE FROM BTM

Your 2nd Chance to Play the $15 Trillion AI Boom

The recent AI boom might be the biggest profit opportunity of our lifetime.

So far...

NVIDIA soared over 1,600%...

SMCI soared 1,520%...

MSTR is up over 1,000%...

But if you missed out on these monster runs so far - don't worry.

Because there's one overlooked "AI stock" that could outperform them all.

Every single AI company on the planet needs what this tiny firm is producing.

Even OpenAI's Sam Altman admits the future of AI "depends" on this company.

Best of all, it's currently trading for only $16.

But it likely won't stay this cheap for long.

Click here to get the ticker >>>

- sponsored message -

DEALFLOW

M+A | Investments

• Salesforce has signed a definitive agreement to acquire Zoomin, a data management provider for unstructured data (more)

• Visa acquires Featurespace, a developer of real-time AI payments protection technology (more)

• Appfire, enterprise collaboration solutions built for your team, ecosystem, and best work, acquired JXL, a Jira issue editor and organizer (more)

• Juice Media, an omnichannel media and advertising platform, acquired Mooko Media, a mobile/social performance agency and Media Design Group, a linear and streaming specialist (more)

• PLACE, a real estate industry’s business, and consumer services platform for teams, acquired Livian, a provider of a team servicing platform (more)

• BNP Associates, a provider of an air transportation design and engineering firm, received an investment from Godspeed Capital Management (more)

• Cyvatar, a cybersecurity platform serving SMB’s, startups, and supply chains, received revenue-based financing from Decathlon Capital Partners (more)

• PK Companies Group, a provider of inspections, repair and maintenance, and safety services, received an investment from DC Capital Partners (more)

• Welltory, a provider of a personalized health and wellness app, received a $3M credit facility from Bravo Capital (more)

VC

• Quorum, a unified data optimization platform for marketers and publishers, raised an undisclosed amount in Seed funding (more)

• Observe, a SaaS observability company, raised $145M in Series B funding (more)

• Mews, a hospitality cloud company, raised $100M in funding (more)

• Mendaera, a healthcare tech company developing a handheld robotic interventional platform, raised $73M in Series B funding (more)

• Utility Global, an off-gas-to-value company providing its proprietary eXERO™ gas production technology, raised $53M in ongoing Series C funding (more)

• Gladly, a company specializing in customer service innovation, raised $40M in funding (more)

• Prepared, an AI platform built for emergency communications, raised $27M in Series B funding (more)

• 3D Cloud, a company specializing in 3D digital asset management, raised $20M in growth funding (more)

• Bot Auto, an autonomous vehicle tech company, raised $20M in Pre-A funding (more)

• K1x, a SaaS fintech provider of K-1 data aggregation and reporting for the capital markets, received $20M in funding (more)

• AmpUp, a provider of an electric vehicle charging platform, raised $15M in Series A funding (more)

• Micropep, a company specializing in micropeptide crop protection technologies, raised additional $11M in funding (more)

• Eradivir, a preclinical biotech company that develops antiviral therapeutics, raised $10.25M in Series A funding (more)

• Looma, an in-store digital media company, raised $10M in funding (more)

• C2N, a diagnostics company developing Precivity blood tests, raised $7.025M in funding (more)

• DefectDojo, a company specializing in scalable application security, raised $7M in funding (more)

• Tetrix, an AI-powered analysis platform for capital allocators, raised $5M in Seed funding (more)

• Highfive, an EdTech company, raised $250K in Seed funding (more)

CRYPTO

• Bitcoin climbs past $65,000 ahead of $5.8 billion options expiry (more)

• Robinhood, Revolut explore joining $170 billion stablecoin market (more)

BULLISH BITES

🚀 Overlooked? The $16 “AI Stock” that could outperform them all *

🎭 We See You: OpenAI takes its mask off.

⚖️. Indicted: NYC Mayor was corrupt for years, US claims in scathing case.

💸 Disposal: Peter Thiel has now sold $1 billion of Palantir stock this year.

😎 ‘Hip’ Codes: The 10 coolest neighborhoods in the world.

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