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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 44.49% for Wk of June 27 2024 (Last week: 44.37%)

Market Recap:

• US stock futures slightly down.

• Wall St ended higher: Nasdaq +0.83%, S&P +0.27%, Dow +0.13%.

• Tech stocks lead; concerns over market breadth.

• Today: Powell speaks at ECB Forum, May job openings report due.

• Markets close early tomorrow, shut Thursday for July 4th.

• June jobs report out Friday.

EARNINGS

A light week of notable earnings:

• Wednesday:

  • Constellation Brands (STZ) - earnings of $3.46 per share (+18.9% YoY) on $2.7 billion revenue (+6.4% YoY).

• Thursday: Stock market holiday

Full earnings calendar here.

HEADLINES

Trump Immunity Ruling Means Any Trial Before Election Unlikely

Keith "Roaring Kitty" Gill Buys $245 Million Stake in Chewy

• US manufacturing extends slump; inflation pressures ebbing (more)

• Democrats weigh vote to formally tap Biden as nominee (more)

• Biden to extend overtime protections for 1 million workers (more)

• Oil trades near two-mo. high on mideast, hurricane concerns (more)

• The yen could fall to 170 if the Bank of Japan disappoints (more)

• Tesla adds $45 Billion as shares rebound (more)

• Trump Media joins Russell Indexes after annual refresh (more)

• BlackRock aims to ‘index the private markets’ after Preqin deal (more)

• Chewy shares turn negative as the boost from Roaring Kitty’s new stake diminishes (more)

• Paramount is hunting for a streaming partner (more)

• Shein, Temu are swamping airfreight capacity, sending rates soaring (more)

• Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy (more)

Time to Sell NVDA? 50-Yr Wall Street Legend Weighs In

Wall Street investors are selling their shares at a record pace. Even AI superfan Cathie Woods is offloading her shares.

With the stock already up 63% in 2024 alone – is it too late to get in?

One legendary stockpicker – with 50 years' experience on Wall Street – just gave his answer, here.

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DEALFLOW

M+A | Investments

• Boston Celtics’ majority owner puts team up for sale weeks after NBA championship (more)

• Google buys stake in Taiwan solar power firm owned by BlackRock (more)

• Blackstone to sell Japan supplement maker Alinamin to MBK for $2.2B (more)

• Robinhood snaps up Pluto to add AI tools to its investing app (more)

• ClientSuccess, a customer success platform, acquired Baton, a customer onboarding platform (more)

• Fabric, a healthcare tech company providing a care enablement system, acquired MeMD, provider of virtual care benefits, from Walmart Inc (more)

• Barn2Door, a software company helping farmers sell direct to market, received funding from Decathlon Capital Partners (more)

• Kimbel Mechanical Systems, Inc., a mechanical contractor, received an investment from Good Spring Capital (more)

VC

• N-Power Medicine, a company specializing in clinical trial processes, raised an undisclosed amount in Series B funding (more)

• LiveOak Fiber, a regional broadband service provider, raised $250M in financing (more)

• ZeroEyes, an AI-based gun detection video analytics platform, raised $53M in Series B funding (more)

• K Health, an AI primary care platform, raised $50M in funding (more)

• Pieces, a developer productivity tech startup, raised $13.5M in Series A funding (more)

• Kanvas Biosciences, a spatial biology company, raised additional $12.5M in funding (more)

CRYPTO

• Bitcoin's potential rebound May face resistance at $65K (more)

• Sony to restart Japanese crypto exchange Whalefin purchased from Amber Group in 2023 (more)

• Bulk of SEC case against Binance, Zhao can proceed, judge rules (more)

BULLISH BITES

✅ Check-up: Here’s where the US economy stands halfway through 2024

🔥  Wall St. Veteran: "This could be the biggest stock story of 2024" *

✍️ New Rules: What the new IRS guidance on crypto tax reporting means for investors.

💸 ’Upflation’: The latest retail trend driving up prices for US consumers.

👎 Low Interest: A new poll by Techstars finds that entrepreneurs prefer being acquired to going public by more than two to one.

🎥 More to the story: Longer video of ex-Moelis banker shows escalation before punch.

DAILY SHARE

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