BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 49.01% for Week of October 10 2024

Market Wrap:

• Futures steady Tue. night; eyes on record highs.

• Dow, S&P fell 0.75%; Nasdaq down 1%, led by tech, Nvidia down 4%.

• Bryn Talkington sees "choppy weeks" ahead with earnings & election.

• Mixed earnings: strong banks, weak outlooks from UnitedHealth, ASML.

EARNINGS

What we’re watching this week:

• Today: Discover (DFS), Morgan Stanley (MS)

• Thursday: Blackstone (BX)

  • Netflix (NFLX) - earnings of $5.12 per share on $9.8 billion revenue (+14.4% YoY)

• Friday: Procter & Gamble (PG)

See full earnings calendar here.

HEADLINES

Wall Street Banks Notch Surprise Trading Haul on Stocks Bonanza

Giant Money Managers Catch Washington Heat

• US consumers see higher long-run inflation, rising delinquency risk (more)

• Global government debt to surpass $100 trillion for the first time (more)

• Gold industry sees bullion surging 10% in a year to new record (more)

• Chinese stocks attractive but investment managers cautious before election (more)

• Silicon Valley’s Andreessen, Horowitz give millions to Trump PAC (more)

• Boeing lines up $35 billion to avert cash crunch (more)

• Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results (more)

• Trump Media extends rebound in one of its heaviest trading sessions (more)

• Walgreens to close 1,200 stores by 2027, as earnings top estimates (more)

• Musk’s vow to make lots of robotaxis conflicts with US rules (more)

• Apollo CEO sees private and public markets converging (more)

• Shein adds more banks to arrange London listing (more)

FROM CHAIKIN ANALYTICS

320 Hedge Funds Just Sold This Stock

It happened with little warning, fanfare, or media attention.

But a strange force has just seized control of Wall Street.

And hedge funds are already moving their money... and positioning themselves for even stranger days ahead.

That's why this 50-year Wall Street veteran is stepping forward to explain exactly what's happening, and how it could affect your money in the coming weeks. 

He says 99% of investors are likely about to be painfully blindsided by a dramatic market shift.

One that major Wall Street players are already preparing for.

In fact, over 320 funds have all quietly sold THIS stock, in preparation for what's to come. 

You must get ready, as well.

Click here to see the strange truth from a 50-year Wall Street insider - including the name and ticker of the stock hedge funds are selling hand over fist. 

- sponsored message -

DEALFLOW

M+A | Investments

• 7-Eleven's turnaround plan requires heavy lifting to stop Couche-Tard's $47 bln takeover (more)

• French bank Credit Agricole to buy 50% of GAC's leasing unit (more)

• UK's Frasers buys 'significant' stake in fashion retailer Hudson Malta (more)

• Accenture (ACN) acquired Joshua Tree Group, a supply chain consulting firm specializing in distribution center performance (more)

• Hologic (HOLX), a women’s health company, acquired Gynesonics, a medical device company, for approx. $350M (more)

• ADP, a tech company providing human capital management solutions, acquired WorkForce Software, a workforce management solutions provider (more)

• DataSnipper, an automation platform transforming audit and finance, acquired UpLink, a cloud-based secure document request portal (more)

• PETE, an edtech startup, received an investment from BlueWave Investment Partners (more)

• Neighborly Software, a SaaS platform managing gov’t funded programs, received an investment from Falfurrias Management Partners (more)

VC

• Zinnia, a life and annuity insurance tech company, raised $300M in strategic financing from Vista Credit Partners (more)

• Decagon, an innovator in AI customer support agents, raised $100M, including its latest Series B funding round (more)

• Path Robotics, an AI-enabled robotic welding, raised $100M in venture capital funding (more)

• QIA said to join $50M funding round for UFC rival Group One (more)

• Galileo, a company specializing in gen AI evaluation and observability for enterprises, raised $45M in Series B funding (more)

• Neuron7.ai, a company specializing in service resolution intelligence, raised $44M in Series B funding (more)

• Azra Games, a company creating mobile role-playing games, raised $42.7M in Series A funding (more)

• Ghost, a B2B marketplace connecting brands and retailers, raised $40M in Series C funding (more)

• Alchemy, a company implementing clinical pharmacy programs, raised $31M in Seed funding (more)

• Monogoto, a provider of software-defined connectivity solutions, raised $27M in Series A funding (more)

• Blue Stripes, a NYC-based cacao brand, raised $20M in Series B funding led The Hershey Company, Whole Foods Market, among others (more)

• Hello Cake acquires Trigg Laboratories; closes $18M Series B funding (more)

• Tolerance Bio, a biopharma company providing a novel approach to increasing healthspan, raised $17.2M in Seed funding (more)

• MEDiC Life Sciences, a functional genomics startup, raised $5M in strategic funding (more)

• Parakeet Health, a gen AI company improving patient engagement for healthcare providers, raised $3M in Seed funding (more)

• Dryvebox, a mobile golf simulator, raised an undisclosed amount in funding (more)

CRYPTO

• Bitcoin’s Volatility Returns After Hitting Highest Since July (more)

• Trump Crypto Project Website Crashes as Its Tokens Go on Sale (more)

• Bitcoin Infrastructure Firm Blockstream Raises $210 Million (more)

BULLISH BITES

🚨 Investor Alert: Something strange just happened on Wall Street *

🤷🏼‍♀️ Inside Look: Female leadership suffers when private equity firms invest.

🏆 Rankings: These are the world's best and worst pensions in 2024.

🛩 Jet Set: The secrets to packing light, from a globe-trotting actor.

🌮 Holy Taco: Trying out the world's only Michelin-rated taco stand.

DAILY SHARES

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