BEFORE THE OPEN

PRE-MARKET:

MARKETS:

• Nasdaq 100 futures rise 0.34% on Netflix's record Q4 subscribers.

• Netflix soars 8.6% in extended trading with 260.8 million subscribers.

• Strong tech gains in 2024 lift S&P 500 to new highs, confirming bull market.

• Dow dips 0.25% on disappointing earnings; S&P 500 hits all-time high.

• Upcoming earnings from AT&T, Freeport-McMoRan, Tesla, Las Vegas Sands, IBM.

• Focus on U.S. Jan. manufacturing, services data, and Q4 GDP release later.

EARNINGS

What we’re watching this week:

• Today: AT&T (T), Kimberly-Clark (KMB),

  • Tesla (TSLA) - expected: $.74 per share (-37.8% YoY) on $25.6 billion revenue (+5.2% YoY)

• Thursday: Alaska Air (ALK), American Airlines (AAL), Blackstone (BX), McCormick (MKC), Visa (V)

  • Intel (INTC) - expected: $.45 per share. Revenue is forecast to land at $15.2 billion (+7.9% YoY).

• Friday: American Express (AXP)

Full earnings calendar here

HEADLINES

China Weighs Stock Market Rescue Package Backed by $278 Billion

Netflix Pays $5 Billion for WWE’s ‘Raw’, Its First Big Live Event

• S&P 500se (more)

• Unemployment rises in nearly a third of US states in December (more)

• Red Sea turmoil sends economic shockwaves far and wide (more)

  • As more tankers divert from Red Sea, Suez Canal, booming US oil industry gets another boost (more)

• Boeing CEO to meet with senators scrutinizing 737 MAX 9 blowout (more)

• Wall Street banks want to lure back loan deals lost to private credit (more)

• Netflix is turning into cable TV (more)

• P&G earnings show some consumers are getting used to higher prices (more)

• Southwest Airlines flight attendants vote to approve strike authorization (more)

• EBay to eliminate 9% of full-time workforce (more)

• SAP plans job buyouts for 8,000 employees in restructuring plan (more)

• Brex cuts 20% of staff amid reports of stalled growth, high burn (more)

• Apple dials back car’s self-driving features and delays launch to 2028 (more)

• 'Pharma Bro' Martin Shkreli's lifetime drug industry ban upheld (more)

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DEALFLOW

M & A | INVESTMENTS

• Miss Universe brand owner sells 50% stake to Mexican businessman (more)

• Sanofi to acquire Inhibrx for $1.7B (more)

• Salas O’Brien, an engineering and technical services firm, received a minority growth investment from Blackstone (more)

• Apkudo, a company specializing in supply chain automation for connected devices, acquired Mobile reCell, a provider of software-driven IT asset recovery for corporate-owned IT assets (more)

• Empeq, a tech company tackling national security challenges through advanced materials analysis, received an investment from Leonid Capital Partners (more)

• Summit Group, an independent provider of fiduciary and administrative services, acquired Sanctuary, a provider of services to entrepreneurs and families (more)

• Pelican Energy Partners buys Stewart Tubular Products (more)

• Monomoy acquires EnviroTech (more)

• Bloomreach, a platform for e-commerce personalization, acquired Radiance Commerce, an enterprise-grade conversational commerce platform (more)

• zvoove, a software provider for the temp staffing and cleaning industries in Europe, acquired Planbition, provider of a flexible workforce management solution (more)

• Welligence Energy Analytics, an energy data & intelligence firm, has raised $41M in growth funding (more)

• TPG invests in G&A Partners (more)

• Angeles Equity Partners acquires Acieta (more)

• H.I.G. Capital purchases CHA Consulting (more)

• Cognizant acquires Thirdera from Sunstone Partners (more)

VC

• ElevenLabs, a voice technology research company, raised $80M in Series B funding at a $1+ Billion valuation (more)

• Silverfort, an identity protection company, raised $116M in series D funding (more)

• Accent Therapeutics, a biopharmaceutical company focused on small molecule precision cancer therapies, raised $75M in Series C funding (more)

• Elephas, a company developing an ex-vivo platform to assess how live patient biopsies respond to immunotherapies, raised $55M in Series C funding (more)

• AiDash, an enterprise SaaS company making infrastructure industries climate-resilient and sustainable with satellites and AI, raised $50M in Series C funding (more)

• Albedo, a company offering aerial quality imagery from space, raised $35M in Series A-1 funding (more)

• ModernFi, a company providing a deposit network for banks, raised $18.7M in Series A funding (more)

• S2 Genomics, a manufacturer of tissue sample preparation systems for single cell genomics assays, raised $16M in Series A funding (more)

• Norm Ai, a company working for regulatory compliance with AI agents, raised $11.1M in Seed funding (more)

• Masa Network, a builder of a decentralized data marketplace, raised $5.4M in Seed funding (more)

• Neatleaf, a provider of a cultivation management platform, raised $4M in funding (more)

• Kiefa, a cannabis SaaS platform, raised $2M in Seed funding (more)

FUNDRAISING

• Myriad Venture Partners, an early-stage venture firm focused on AI, clean technology and enterprise B2B software, announced its launch with $100M of initial capital commitments (more)

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CRYPTO

• Bitcoin trims its losses after breaking below $39,000 to lowest level in 7 weeks (more)

• Why Nigeria’s central bank joined Africa’s slow march towards crypto regulation (more)

• Retail investors are worried bitcoin will plunge below $20000 this year, Deutsche Bank survey says (more)

BULLISH BITES

💼  Attn Interns: how to land an investment-banking internship at Goldman Sachs, Morgan Stanley, Lazard, and other Wall Street firms as the 2025 application race begins.

🍴 Calling all foodies: Yelp's Top 100 Places to Eat, 2024 - did your city make the list?

💰 Rev-share: MrBeast tested Elon Musk’s theory and took home $250,000.

🚀 Trending: Why do boomers and Gen Xers love Temu so much?

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