BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 49.84% for Week of November 14 2024

Market Wrap:

• Futures mixed: Dow -16 pts, S&P +0.1%, Nasdaq +0.2%.

• Dow 43,444, S&P 5,870, Nasdaq 18,680 as postelection rally fades.

• Powell: Fed not rushing cuts; year-end rates seen at 4.25%-4.5%.

• Key earnings: Nvidia (Wed), Walmart, Target, Palo Alto this week.

• Strong earnings: 93% of S&P firms reported; 75% beat EPS, 61% beat revenue.

EARNINGS

Here’s what we’re watching this week. Full calendar »

• Tuesday: Lowe's (LOW)

  • Walmart (WMT) - earnings of $.53 per share, up 3.9% (YoY) on $166.4 billion revenue (+4.4% YoY)

• Wednesday: Palo Alto Networks (PANW), Snowflake (SNOW), Target (TGT), TJX Companies (TJX)

  • Nvidia (NVDA) - earnings of $.74 per share (+85% YoY) on $33.0 billion revenue (+82% YoY)

• Thursday: Gap (GAP), Ross Stores (ROST)

  • Deere (DE) - earnings of $3.93 per share (-52% YoY) on $9.3 billion revenue (-32.7% YoY)

HEADLINES

Investors Are Betting on a Market Melt-Up

Trump Rethinks Candidates for Treasury Secretary

• Solid US retail sales in October underscore economy's resilience (more)

• Strong US data feeds doubts about Fed December rate cut (more)

• Treasuries see 2024 gains dwindle with December Fed cut at risk (more)

• Oil settles down 2% on weaker Chinese demand, Fed rate cut uncertainty (more)

• Dollar sitting pretty, yen bears wary of BOJ hawks (more)

• China targets critical metal exports anticipating further US tech, trade curbs (more)

• Elon Musk endorses Howard Lutnick for Treasury Secretary (more)

• Samsung plans $7.2B buyback after share price plunges (more)

• Alibaba to raise $5 billion in dual currency bond deal (more)

• ByteDance's valuation hits $300 billion (more)

• Utilities want Trump, Republicans to save IRA tax credits (more)

• Millennium, Capula, Tudor pile Bitcoin ETFs into portfolios (more)

A MESSAGE FROM STANSBERRY RESEARCH

CNBC's 'Prophet' who called dot-com crash issues warning

As AI stocks send the stock market to new highs every other month, the mainstream media is warning investors to prepare for another 2000-style tech crash.

But the man CNBC nicknamed 'The Prophet' is going against the crowd.

He accurately predicted the dot-com crash in 2000, and today, he has a controversial new warning about the AI craze.

It could dictate your next decade of success – or failure – in the U.S. stock market.

See for yourself here.

- sponsored message -

DEALFLOW

M+A | Investments

• Nordic Capital closes in on deal for Astorg's Anaqua (more)

• SalesRabbit, a field sales management platform, acquired RoofLink, a CRM solution designed for roofers (more)

• RealWear, an AR market company, acquired Almer Technologies, a company specializing in ultra-compact, user-friendly AR headsets (more)

• GrayMatter, an analytics products and services company, acquired Servy, an enterprise self-service platform for hospitality (more)

• PMWeb, a provider of software for construction projects and asset portfolios, received a strategic growth investment from Bregal Sagempunt (more)

VC

• Firefly Aerospace, an end-to-end responsive space services provider, raised $175M in Series D funding (more)

• Radiant Industries, an advanced nuclear technology company, raised $100M in Series C funding (more)

• Beta Bionics, a company specializing in the development of advanced diabetes management solutions, raised $60M in Series E funding (more)

• Plantible Foods, a tech company leveraging plants to promote the longevity of people and the planet, closed a $30M Series B funding round (more)

• Bluespine, an AI-driven claims cost reduction platform for self-insured employers, raised $7.2M in Seed funding (more)

• Mithrl, an AI-powered platform empowering scientific research, raised $4M in Seed funding (more)

FROM OUR RESEARCH PARTNERS

• Nvidia is now “priced for…”

• The biggest post-election market shift ever?

• Election results could send gold to even higher highs

CRYPTO

• Ark Invest CEO Cathie Wood doubles down on Bitcoin's $1.5M bull case as optimism soars (more)

• XRP sees record futures bets amid price surge above $1.20 (more)

• 18 states want the SEC to stop enforcing crypto regulation (more)

BULLISH BITES

🚨 Investor Alert: Wall Street legend who called dot-com crash issues warning *

👀 Inside Look: How crypto became the biggest winner of Trump 2.0.

🤯  From boardroom brawls to IPO ready: Inside Klarna’s wild year.

💰 Pursuits: Big bet on sunshine makes Indian entrepreneur a billionaire.

🦋 What is Bluesky? The fast-growing social platform welcoming fleeing X users

DAILY SHARES

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