BEFORE THE OPEN

PRE-MARKET:

MARKETS:

• S&P 500 hits all-time high, up 1.23% at 4,839.81.

• Dow rises 395.19 points, Nasdaq up 1.70%.

• All major indexes in positive territory for 2024.

• Tech sector leads with 2.35% gain.

• Consumer confidence surges, highest level since July 2021.

• Travelers, Schlumberger, and Ally Financial report strong earnings and gains.

EARNINGS

What we’re watching this week:

• Tuesday: 3M (MMM), Johnson & Johnson (JNJ), Procter & Gamble (PG)

  • Netflix (NFLX) - expected: $2.22 per share. Revenue is forecast to rise +11% YoY to $8.7 billion

• Wednesday: 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

DeSantis Drops Out of 2024 Race, Endorses Trump

Consumer Sentiment Surges, at Highest Level Since 2021

• The World Economic Forum edges away from the left (more)

  • Generative AI regulation dominates the conversation at Davos (more)

• Investors slowly lose hope for Fed rate cuts in March (more)

• Wall Street’s ‘foolish’ 2024 trade is betting on early Fed rate cuts (more)

• Hedge funds rake in record profits betting on ‘catastrophe’ risk (more)

• The buy now, pay later holiday debt hangover has arrived (more)

• China rate decision set to disappoint (more)

• China's economy enters era of stagnation and disappointment (more)

• OpenAI's Sam Altman in talks with Middle East backers over chip venture (more)

• FAA urges door plug inspections on another Boeing 737 model (more)

• JetBlue, Spirit to appeal blocked merger (more)

• ExxonMobil sues to block shareholder climate petition (more)

• Warren Buffett tells Citigroup CEO Fraser to keep going with overhaul (more)

• ADM places CFO on leave, cuts earnings forecast amid probe (more)

• Elon Musk denies AI startup has raised $500M of $1B goal (more)

• Hackers breached Microsoft to find out what Microsoft knows about them (more)

• SolarEdge to lay off 16% of workforce to trim operating costs (more)

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DEALFLOW

M & A | INVESTMENTS

• Macy's rejects Arkhouse's $5.8B bid, citing financing concerns (more)

• Kindred confirms takeover bid from FDJ (more)

• Blackstone to take Tricon Residential private for $3.5B (more)

• Paramount stock climbs on report that private equity firm Apollo is mulling a bid for National Amusements (more)

• Kindeva Drug Delivery, a global leader in drug-device combination products, acquired Summit Biosciences Inc. from its founding family shareholders (more)

• Arcline acquires Kaman for $1.8B (more)

• Gryphon-backed Southern Home Services purchases ACE Solves It All (more)

• Cascadia acquires Threadstone Capital (more)

• Sploot Veterinary Care, a tech-driven, and comprehensive veterinary care platform providing an elevated experience, received a strategic investment from L Catterton (more)

• The Integration Group, a provider of contract logistics and industrial supply chain aftermarket solutions for customers, received an investment from Maxwell Street Capital Partners (more)

• 3DEO, a company specializing in design, engineering and metal additive manufacturing, received a strategic investment from Development Bank of Japan and Seiko Epson Corporation (more)

• Wind Point-backed Targeted PetCare purchases Pet Brands (more)

• Silver Lake reportedly plans to sell off parts of Endeavor after takeover (more)

VC

• Tr1X, a biotech company focused on engineering cures for immune and inflammatory diseases, raised $75M in Series A funding (more)

• Ratio Therapeutics, a pharmaceutical company, raised $50M in Series B funding (more)

• Sway (fka Returnmates), a platform for shipping and returns, raised $19.5M in Series A funding (more)

• Land, an electric mobility and portable battery manufacturer, raised $3M in funding (more)

FUNDRAISING

• Mirae Asset Capital Life Science, a vc firm investing in private biotech companies, has emerged from stealth with its inaugural $50M fund (more)

• Pantheon completes largest-ever fundraise with $5.3B (more)

• Bain Capital Credit closes $1B mid-market Credit Fund (more)

• Bertram Capital closes $1.5B Fund V (more)

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CRYPTO

• Bullish Bitcoin bets rise as implied volatility slides (more)

• Crypto diehards say #BoycottVanguard on Bogle-inspired ETF snub (more)

• After 12 years, Ripple’s president sees its payment and enterprise businesses evolving further (more)

BULLISH BITES

🚨 Dying legacy: Inside the collapsing U.S. political-media-industrial-complex.

🔥 Trending: What is loud budgeting, the 2024 TikTok money trend?

🤑 Petro cash: How Silicon Valley learned to stop worrying and love Middle East money again.

☠️ End of an era: RIP Sports Illustrated, and RIP Magazines.

😱 Feel left behind? Buying Crypto doesn’t have to be complicated. CoinSmart was designed for beginners, but built for experts — check out the world's most accessible crypto exchange here »

DAILY SHARES

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