Bitcoin hits milestone

Bitcoin hits $100,000 in highly anticipated milestone, Trump picks Atkins to run SEC in crypto-friendly move, UnitedHealth CEO fatally shot in NYC, hedge funds make MicroStrategy Wall Street’s hottest trade, and Robinhood considers move into sports betting...

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The Fast Five Bitcoin hits $100,000 in highly anticipated milestone, Trump picks Atkins to run SEC in crypto-friendly move, UnitedHealth CEO fatally shot in NYC, hedge funds make MicroStrategy Wall Street’s hottest trade, and Robinhood considers move into sports betting

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Calendar: (all times ET) - Full calendar

  • Today:
    Initial jobless claims, 8:30 am
    US trade deficit, 8:30 am

  • Tomorrow:
    Unemployment report, 8:30 am
    Consumer sentiment, 10:00 am

Your 5-minute briefing for Thursday, December 5:

BEFORE THE OPEN

As of market close 12/4/2024.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 41.29% for Week of November 21 2024*

Previous week: 49.84%. Updates every Friday. (*one week delayed due to Thanksgiving)

Market Wrap:

  • Futures dipped: Dow -18 pts, S&P -0.08%, Nasdaq -0.1%.

  • American Eagle fell 13% on weak holiday outlook; Five Below surged 14% on strong Q3.

  • S&P, Nasdaq closed at records; Dow topped 45,000 for the first time.

  • ADP: Nov. private payrolls up 146K, below 163K forecast.

  • Powell sees strong growth, allowing a cautious Fed; Dec. rate cut likely.

EARNINGS

Here’s what we’re watching today. Full calendar »

  • Today: DocuSign (DOCU), Hewlett Packard (HPE), Lululemon (LULU)

    • Ulta (ULTA) - earnings of $4.51 per share (-11% YoY) on $2.5B revenue (+0.2% YoY)

HEADLINES

The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening.

Mr. Atkins, a pro-business conservative, would likely take a lighter regulatory approach than the current chair of the Securities and Exchange Commission.

  • UnitedHealth CEO fatally shot in NYC on Investor Day (more)

  • US services sector comes off the boil in November, prices stay high (more)

  • Oil prices rise with all eyes on OPEC+ supply decision (more)

  • Powell says Fed can afford to be a little more cautious (more)

  • Trump picks Isaacman, private astronaut and Shift4 CEO, to run NASA (more)

  • Jeff Bezos "very optimistic" about Trump's second term (more)

  • Hedge funds make MicroStrategy Wall Street’s hottest trade (more)

  • Meta jumps on the nuclear-powered data center bandwagon (more)

  • OpenAI partners with weapons start-up Anduril on military AI (more)

  • BlackRock sets aside $1.3B to keep new rainmakers around (more)

  • Robinhood considering sports betting, CEO Vlad Tenev says (more)

  • JetBlue cuts routes, drops some European summer services (more)

FROM STANSBERRY RESEARCH

Post-Election Bitcoin Warning

According to the man who has called nearly every bubble of the last 25 years, Bitcoin owners should get ready to pay back all the gains they've seen the last few months... 

The reason why is a new crisis most investors don't know about... which could soon have a dramatic impact on your wealth – whether you own cryptocurrency or not. 

Dan Ferris has built a reputation for getting it right, especially when it comes to big crashes. That's why his work is followed by employees at Wells Fargo, Barclays, UBS, and the Royal Bank of Canada. 

Now, he is urging the public to prepare for a historic reversal, like nothing most Americans alive today have ever seen. Not just in crypto assets, but in almost all assets. (Except for a select group of investments that could move significantly higher.) 

Brett Aitken
Publisher, Stansberry Research

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DEALFLOW

M+A | Investments

  • General Atlantic to buy UK's Learning Technologies for $1 bln (more)

  • Salesforce paid $344M in Zoomin startup acquisition (more)

  • TotalEnergies to buy renewables firm VSB for €1.57B (more)

VC

  • Heirloom, a Direct Air Capture technology provider, raised $150M in Series B funding (more)

  • Cleerly, a company specializing in advanced cardiovascular imaging, raised $106M in funding (more)

  • Axiado, a hardware anchored platform security company, raised $60M in Series C funding (more)

  • Soda Health, a health tech company enhancing the use of benefit dollars to improve health outcomes, raised $50M in Series B funding (more)

  • OneRail, a provider of mile omnichannel fulfillment solutions, raised $42M in Series C funding (more)

  • Tuskira, a threat defense platform leveraging an AI-powered security mesh, raised $28M in funding (more)

  • Enterpret, an AI-enabled customer feedback intelligence platform for product development and CX teams, raised $20.8M in Series A funding (more)

  • HappyRobot, a company specializing in AI-powered voice solutions for the logistics sector, raised $15.6M in Series A funding (more)

  • Eagle Electronics, an electronics and cellular module production company, raised $14M in funding (more)

  • ModifyHealth, a food-as-medicine platform and medically meals and nutritional counseling, raised $13.5M in Series C funding funding (more)

  • Cake, a managed open-source AI infrastructure platform, raised $13M in Seed funding (more)

  • Serina Therapeutics, a clinical-stage biotech company, raised $10M in funding (more)

  • enSights, an AI-powered, cloud-based clean energy optimization and management platform company, raised $10M in Series A funding (more)

  • Provarity, a presales platform delivering real-time data to optimize sales engineering performance, raised $7M in Seed funding (more)

  • System Two Security, a cybersecurity startup built on an AI agent foundation that advances detection engineering, raised $7M in funding (more)

  • Rosy Soil, a sustainable soil company, raised $3.6M in Seed funding (more)

  • Offcall, a financial and career platform built for physicians, raised $2M in funding (more)

  • Saltbox Mgmt, a salesforce-based B2B and D2C digital commerce and order management company, received an undisclosed amount in funding (more)

  • SmarTrak.Ai, a company specializing in AI-powered solutions within the Cisco ecosystem, received strategic funding of an undisclosed amount (more)

CRYPTO

  • Bitcoin nears $2 trillion market value as it hits major $100K milestone (more)

  • Crypto trading volume surged to $10 trillion for the first time in November (more)

  • Binance's BNB hits fresh record, breaking out of 3-year range as altcoin rotation accelerates (more)

BULLISH BITES

🚨 Investor Alert: How a Bitcoin bubble could hit you – even if you don't own any. *

🇰🇷 Inside Look: Six hours under martial law in Seoul.

🤖 Futuristic: Sam Altman says arrival of AI ‘Superintelligence’ will be ‘more intense than people think’.

🛍 Next Level: The race is on to make AI agents do your online shopping for you.

🍤  Bougie Trend: It’s delicious. It’s one bite. It’s…almost $25.

DAILY SHARES

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