BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 45.45% for Week of October 03 2024

Market Wrap:

• Futures steady Sunday after Friday's rally.

• Modest weekly gains for all indexes; Dow hit a record high.

• Jobs report boosts hope for Fed "soft landing."

• "Don’t fight the trend or the Fed" — Truist’s Lerner.

• Election & potential volatility are still concerns.

• Key data: Fed minutes (Wed), CPI (Thu).

EARNINGS

Earnings we’re watching this week:

• Tuesday: 

  • PepsiCo (PEP) - earnings of $2.29 per share (+1.8% YoY), on $23.8B revenue (+1.7% YoY)

• Thursday: 

  • Delta Air Lines (DAL) - earnings of $1.55 per share (-23.6% YoY) on $14.77B revenue (+1.5% YoY)

• Friday: BlackRock (BLK), Wells Fargo (WFC)

  • JPMorgan Chase (JPM) - earnings of $4.01 per share (-7.4% YoY) on $41.7B revenue (+5.1% YoY)

See full earnings calendar here.

HEADLINES

Activist Starboard Value Takes $1 Billion Stake in Pfizer

Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise

• Blowout US employment report reinforces economy's resilience (more)

• Ports rush to reopen after first major strike in decades is suspended (more)

• Inflation is set to reassure a labor market-focused Fed (more)

• S&P’s $8 Trillion rally will be tested by tricky earnings season (more)

• Dollar on a roll after US jobs data and Middle East flare-up (more)

• Markets brace for Middle East oil supply shock (more)

• Goldman says surging Chinese stocks may advance another 20% (more)

• The EU has voted in favor of massive tariffs on Chinese EVs (more)

• Apple slowly moves away from its annual product release strategy (more)

• Waymo is first customer for Hyundai AV foundry (more)

• Blackstone, Gulf sovereign fund eye private-fund stakes (more)

• Wynn Resorts says it gets UAE's first gambling license (more)

A MESSAGE FROM CHAIKIN ANALYTICS

Wall Street Legend Issues New AI Sell Alert

Nearly 1 million people around the world follow 50-year Wall Street veteran Marc Chaikin for his surprisingly accurate stock predictions.

And in the aftermath of the biggest tech selloff since 2022...

He just gave them an urgent SELL alert for one beloved AI stock.

He says, "While I predict a select few tech stocks will roar back from here – and potentially soar triple digits – one AI company's day in the sun has come to an end. You must get off this sinking ship - NOW."

To hear the name and ticker of this doomed AI stock, 100% free, click here.

Regards,

Kelly Brown
Senior Researcher, Chaikin Analytics

- sponsored message -

DEALFLOW

M+A | Investments

• Rio Tinto in talks to buy lithium miner Arcadium (more)

• Vista Outdoor strikes deal to sell itself in two parts for $3.4 bln (more)

• Activist Starboard Value takes $1 bln stake in Pfizer (more)

• Tencent, Guillemot family mulling buyout of Ubisoft (more)

• Denmark's DSV raises $5.5B for Schenker acquisition (more)

• New York Sun owner nears £550 Million deal for Telegraph (more)

• Tempur Sealy sells $1.6 Billion loan for mattress firm purchase (more)

• Better Earth, sustainable foodservice packaging solutions, acquired Betterbin, a SaaS platform for recycling and composting education (more)

• Spreetail, a global ecommerce company, announced the acquisition of Echo, an AI-powered customer insights platform (more)

• SLR, a leader in sustainability solutions, acquired Malk Partners, an ESG advisory firm (more)

• SingleStore, a database that empowers users to transact, analyze and search petabytes of data, acquired BryteFlow, a data integration platform (more)

• Sysdyne Technologies, cloud-native solutions for ready-mix concrete operations, received a strategic growth investment from Insight Partners (more)

• Sporttrade Inc., a sports betting operator, received a strategic investment from SIG Sports Investments (more)

VC

• STG Logistics, containerized logistics services, closed a $300M debt and equity financing package (more)

• Rippl, a company specializing in virtual dementia care, raised $23M in Series A funding (more)

• Voyage AI, a developer of RAG tools to reduce AI hallucination, raised $20M in Series A funding (more)

• AirOps, a company that helps marketers build and scale AI growth workflows, raised $15.5M in Series A funding (more)

• Valdera, an AI-driven sourcing platform for chemicals and raw materials, raised $15M in Series A funding (more)

• Vieu, an AI-powered warm introductions company, raised 11M in funding (more)

• Reducto, a startup unlocking data behind complex documents, raised $8.4M in seed funding (more)

• Clout Kitchen, a consumer AI startup with operations in L.A. and Manila, raised $4.45M in seed funding (more)

• Connected Data, a data-driven debt management tech company, raised £2.2M in funding (more)

• City Detect, an AI-powered platform that helps cities identify, manage, and mitigate urban decay, raised $2M in Seed funding (more)

• AMAKA Studio, a tech startup specializing the gig economy and creator landscape, raised $2M in Seed funding (more)

• Infinite Giving, a proprietary fintech platform for nonprofits, raised $2M in Seed funding (more)

• Zive AI Inc., an AI-enabled fund management solution provider, raised $1M in seed funding (more)

CRYPTO

• ‘Panic buying’ of Chinese stocks weighs on crypto’s most-traded token (more)

• Coinbase to delist EU non-compliant stablecoins in December (more)

• Crypto fraud ring dismantled by Vietnamese authorities (more)

BULLISH BITES

🚨 Wall St. Legend: Man who called AMZN crash issues new well alert *

😱 Turnaround? Lots more on the ongoing mess that is Intel.

😡 Making Enemies: Airbnb arbitrage is Generation Z's latest side hustle.

🏈 Pursuits: From Cleveland to Chicago, NFL teams dream of domed stadiums.

🔊 Futuristic Hi-Fi: Behold the world’s most expensive active speaker system.

DAILY SHARE

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