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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
47.29% for Wk of Apr 04 2024 (Last week: 50.00%)

Market Recap:

• Stock futures inch up Sunday night after a down week.

• Dow futures climb 55 points; S&P 500 and Nasdaq futures rise 0.1%.

• Last week: Dow fell 2.3%, S&P 500 down nearly 1%, Nasdaq dipped 0.8%.

• Strong jobs report boosts hopes for economic resilience.

• Eyes on March CPI data for insights into inflation battle.

• Economists expect CPI to rise 0.3% MoM and 3.5% YoY.

• Rising bond yields and oil prices add to investor concerns.

EARNINGS

What we’re watching this week:

• Tuesday: Tilray (TLRY)

• Wednesday:

  • Delta (DAL) - earnings of $.35 per share (+40% YoY) on $12.6B revenue (+6.0% YoY)

• Thursday: Carmax (KMX), Constellation Brands (STZ)

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

  • JP Morgan Chase (JPM) - earnings of $3.88 per share (-5.4% YoY) on $38.8B revenue (-1.4% YoY)

Full earnings calendar here

HEADLINES

The Border Crisis Might Be a Boon for the Economy

Loss of Engine Cover on Southwest Boeing 737 Prompts FAA Investigation

• US and China need ‘tough’ conversations, Yellen tells Chinese Premier Li (more)

• US lawmakers strike deal on data privacy legislation (more)

• Oil gains on potential for rising demand, wider middle east war (more)

• Strong US job market is in a ‘sweet spot,’ economists say (more)

• Gold retreats as robust US data dampen rate cut expectations (more)

• Oil tumbles nearly 2% as Middle East tensions ease (more)

• Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers (more)

• China Central Bank to set up $70B tech re-lending program (more)

• Fearless stock bulls start hedging as Fed policy pivot stalls (more)

• Wall Street hunts AI winners beyond Nvidia in emerging markets (more)

• Elon Musk claims Reuters is ‘lying’ over report Tesla will scrap plans for low-cost EV (more)

• Apple asks US appeals court to reverse Apple Watch import ban (more)

• BofA urged by proxy advisers to split CEO, chair roles (more)

• Larry Ellison thinks every government will want to build a ‘sovereign’ AI cloud in future (more)

A MESSAGE FROM MARKET REBELLION

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DEALFLOW

M+A | Investments

• Paramount could acquire Skydance in $5 Billion all-stock deal (more)

• J&J to buy Shockwave for $13 Billion in medical device play (more)

• DataStax, a generative AI data company, acquired Logspace, creator of Langflow, an open source visual framework for building retrieval-augmented generation applications (more)

• Riddell, a company specilaizing in football helmet technology, acquired Simbex, a product design and development firm (more)

• Fenix Parts acquires Green Auto Parts & Recycling (more)

• Broad Sky Partners buys Punctual Pros (more)

• Summit Financial Group buys Compass Benefit Solutions (more)

• One Equity Partners purchases Associated Spring (more)

• Veritas-backed Epiq buys G3 Technologies’ CRS (more)

• Sumeru Equity Partners invests in Aerospike (more)

• Godspeed Capital invests in Infrastructure Consulting & Engineering (more)

• Valesco invests in American Bedding (more)

VC

• Varda Space Industries, Inc., an in-space manufacturing and hypersonic Earth re-entry logistics company, closed a $90M Series B funding (more)

• Lumana, a provider of a video security platform, raised $24M in Seed funding (more)

• Archetype AI, a physical AI company, raised $13M in seed funding (more)

• Aligned Marketplace, a provider of a membership to a national network of value-based advanced primary care for employers, raised $8M in seed funding (more)

• Neurava, a company developing novel and innovative wearable devices, raised $2.26M in Seed funding (more)

• rater8, a company specializing in healthcare reputation management, raised an undisclosed amount in Series A funding (more)

CRYPTO

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• Do Kwon, Terraform Labs found liable for fraud in SEC trial (more)

• FTX offloads giant Solana pile in sale drawing Galaxy, Pantera (more)

• Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024 (more)

• Coinbase consumer suit on securities claim revived on appeal (more)

• BlackRock adds Goldman Sachs, Citigroup, UBS as APs for Bitcoin ETF (more)

BULLISH BITES

🌘 Total eclipse: The Daily Show correspondents debate which is more important to the eclipse - the sun or the moon.

📈 Next-level: The Sheikh who dominates one of the world's hottest stock markets.

🏠 Forecast: Dave Ramsey predicts what's in store for the housing market again after saying he got it right 2 years ago.

🚢 Season pass: Richard Branson’s cruise line launches four-week cruise for remote workers.

💰 Take control: This No-Cost Wealth Management Guide from Goldencrest isn't just advice – it's your survival kit in this economic battlefield. Download your no-cost guide here » *

DAILY SHARES

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