Good morning.
The Fast Five → Wall Street remains bullish on AI, gas prices climb toward $5.00 a gallon, Anthropic unveils AI agents targeting financial services, AMD rallies anew after blockbuster forecast, and Intel and Micron are poised to break major milestones…
📌 $6,786 from Gold Skimming? The former $900 million hedge fund manager Larry Benedict, has discovered a way to make money from gold… WITHOUT buying a single ounce. Read on to learn more…
(from Brownstone)
Calendar: Full Calendar »
Today:
Non-Farm Employment Change, 8:15A
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, May 6:
Market Wrap:
Futures higher Dow +120, S&P +0.4%, Nasdaq +0.8%
Trump pauses “Project Freedom” citing Iran progress
Oil falls WTI -2% on easing tensions
Tuesday gains S&P +0.81%, Nasdaq +1.03%, Dow +356
S&P, Nasdaq hit fresh record highs
AMD +14% after strong outlook and earnings beat
Earnings: Disney, Uber, CVS with ADP jobs
EARNINGS
Here’s what we’re watching this week:
Today: Arm Holdings $ARM ( ▲ 2.75% ), Bllue Owl Technology $OTF ( ▲ 1.48% ), DoorDash $DASH ( ▼ 3.73% ), *Uber $UBER ( ▼ 1.33% )
THU: Coinbase $COIN ( ▼ 2.58% ), CoreWeave $CRWV ( ▲ 1.96% ), *Howmet Aerospace $HWM ( ▲ 1.25% ), *McDonald’s $MCD ( ▲ 0.38% ), NuScale Power $SMR ( ▼ 2.55% ), *Tapestry $TPR ( ▲ 1.18% )
*Canadian Natural Resources $CNQ ( ▲ 0.57% ) - EPS of $1.08 (-7.4% YoY) on $10.17B revenue (-7.1% YoY)
He Doesn't Buy Gold. He "Skims" It.
A former hedge fund manager ranked in the top 1% by Barron's has developed a three-step strategy to profit from gold — without buying a single ounce.
His followers have had the chance to collect $2,975… $3,781… and even $6,786 at a time. With a 73% win rate.
He calls it "Gold Skimming." And he's just revealed the full strategy for the first time.
- a sponsored message from Brownstone -
HEADLINES
S&P 500 and Nasdaq notch records as AI chip stocks surge (more)
SEC unveils plan to let companies move to semiannual reports (more)
US job openings, hires point to stable labor market (more)
Gas prices climb toward $5.00 a gallon as summer driving season nears (more)
Oil prices fall a second day as Trump alludes to possible peace deal (more)
Dollar eases as US-Iran deal hopes grow, yen drifts (more)
Jamie Dimon blesses the trillion-dollar AI capex boom (more)
AMD rallies anew after AI demand fuels blockbuster forecast (more)
Samsung hits $1 trillion valuation as AI rally lifts shares over 10% (more)
Super Micro jumps 18% on guidance beat as revenue more than doubles (more)
Intel and Micron are poised to break major milestones (more)
Anthropic commits to spend $200B on Google's cloud, chips (more)
Gamestop unsolicited bid for eBay looks DOA (more)
Bets surge against Nike, heaping pressure on CEO Hill (more)
DEALFLOW
M+A | Investments
Vodafone buys out UK mobile partner CK Hutchison in $5.8B deal
Crypto exchange Bullish to buy Equiniti for $4.2B
Fathom receives investment from CVS Health Ventures
USFibers receives strategic investment
FastSpring receives strategic investment from LLR Partners and Accel-KKR
VC
Blitzy, an autonomous software development platform, raised $200M in funding
Panthalassa, a renewable energy and ocean technology company, raised $140M in Series B funding
DeepInfra, a cloud platform for AI inference, raised $107M in Series B funding
RadixArk, an AI infrastructure company building open, scalable systems for frontier models, raised $100M in Seed funding
Astrocade, a games creation platform, raised $56M in Series A and Series B funding
Latus Bio, Inc., a biotech company engineering scalable gene therapies, raised $43M in Series A funding
Magrathea, a company that extracts magnesium metal from waste brines and seawater, raised $24M in Series A funding
Nace.AI, a metamodel that autonomously improves enterprise workflows, raised $21.5M in Seed funding
Trillium Renewable Chemicals, a bio-based chemical manufacturer, raised $13M in Series B funding
illage, a health system provider for specialty pediatrics, raised $9.5M in funding
XCaliber Health, an agentic OS built to reduce administrative burden and improve quality of care, raised $6.5M in Seed funding
Astrada, a data layer service for autonomous finance, raised $3.8M in Seed funding
Pacific Hybreed, an aquaculture biotechnology company, raised $1M in funding
CRYPTO
BULLISH BITES
📈 Have you heard of “gold skimming”? *
🤖 New frontier of AI forces Trump's heavy hand.
💰 A WSJ analysis finds that 67% of Polymarket profits go to just 0.1% of accounts.
📊 I asked ChatGPT to manage a stock portfolio. Here’s how it did.
✈️ How major sporting events are creating a private-jet gridlock.
DAILY SHARES
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