BEFORE THE OPEN

Pre-Market:

Market Recap:

• Stock futures flat after S&P 500 nears 5,000 milestone.

• Disney surges 6% on earnings beat and raised guidance.

• Arm shares skyrocket 23% on strong earnings and upbeat forecast.

• S&P 500 climbs 0.8% as tech rally persists amid strong earnings.

• Big Tech surge continues: Meta +3%, Nvidia, Microsoft hit record highs.

• Nasdaq rises nearly 1%, Dow gains 150 points.

• Today: jobless claims data for labor market health check.

EARNINGS

What we’re watching this week:

• Today: Affirm (AFRM), AstraZeneca (AZN), Spirit Airlines (SAVE)

• Friday: PepsiCo (PEP)

Full earnings calendar here

HEADLINES

Apple Eyes a Foldable iPhone Following Vision Pro Launch

Disney to Invest $1.5 Billion in Fortnite Maker Epic Games

• US trade deficit rises marginally in December; narrows sharply in 2023 (more)

• Senate vote ends border deal prospects (more)

• US commercial real estate contagion is moving to Europe (more)

• US to crack down on real estate money laundering with new rule (more)

• Big Oil offers record returns to lure investors back (more)

• Xi’s markets shakeup surprised insiders, showing alarm over rout (more)

• Citadel among hedge funds that got Morgan Stanley’s block-trading leaks (more)

• Biotech IPOs jump more than 20% as momentum builds for listings (more)

• Snap shares drop 35% after company’s revenue miss and weak guidance (more)

• NYCB hit with investor lawsuit over share price collapse (more)

  • NYCB in talks to offload mortgage risk, sell RV loans (more)

• Bill Ackman to launch a NYSE-listed fund for regular investors (more)

• GM to spend $19B through 2035 to source EV battery materials from LG Chem (more)

• Target considering new paid membership program (more)

• NYC's Fifth Avenue leads real estate renaissance with billions in storefront deals (more)

• Young Americans’ wealth grew 80% since 2019 (more)

• X is No. 1 app upon news of Tucker Carlson-Putin interview (more)

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DEALFLOW

M+A | Investments

• Woodside and Santos end talks on $57 Billion deal (more)

• HNA said to start $5 Billion sale of container lessor Seaco (more)

• California Resources to buy Aera in $2.1 bln deal to boost oil production (more)

• Carlyle revamps pay, plans up to $1.4 Billion buyback (more)

• Barratt to buy Redrow in deal creating UK’s biggest homebuilder (more)

• Heartwood-backed Somafina buys UST (more)

• TowerBrook Capital Partners acquires CBTS (more)

• Clean Harbors purchases Hepaco from Gryphon (more)

VC

• Rain, a financial wellness platform, raised $300M in financing (more)

• Zededa, an edge management and orchestration company, raised $72M in Growth funding (more)

• Overflow, a provider of financial solutions for churches, nonprofits and donors, closed its $20M Series B funding round (more)

• Polycam, a 3D creation tool company for iPhone and Android, raised $18M in funding (more)

• Shepherd, a provider of an insurance tech platform for commercial construction, raised $13.5M in Series A funding (more)

• Elemind, an AI-powered neurotech health company, raised $12M in Seed funding (more)

• finally, a fintech startup helping businesses automate their accounting and finance functions, raised $10M in funding (more)

• Omega, a Web3 infrastructure provider, raised $6M in funding (more)

• Subscribili, a subscription-based healthcare company, raised $4.3M in Seed funding (more)

• AI.Fashion, a leader in AI technology for the fashion industry, raised $3.6M in seed funding (more)

• Gage, provider of a platform and mobile app to “Build a Better Workforce”, raised an undisclosed amount in Seed funding (more)

Fundraising

• Coalesce Capital, a private equity firm investing in human capital-driven and technology-enabled services companies, closed its $900M inaugural fund (more)

• 3 Boomerang Capital, a lower middle-market healthcare-focused private equity firm, closed its flagship private equity fund, at $375M (more)

• Trinity Hunt Partners, a Dallas, TX private equity firm, closed its Fund VII, at $700M (more)

• Riverside, a NYC global private investment firm, closed RAC Riverside Acceleration Capital Opportunity Fund II, L.P., at $235M (more)

• Northleaf’s first growth equity fund exceeds $200M target (more)

IPO

• American Healthcare REIT gets $672M at IPO’s low end (more)

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CRYPTO

• MicroStrategy posts profit on benefit tied to Bitcoin holdings (more)

• SEC’s Hester Peirce still plans to push for a token ‘safe harbor’ plan (more)

• Ether tops $2.4K as Cathie Wood's Ark, 21Shares amend apot ETH ETF filing (more)

• Investing in 'gold' – via Bitcoin – is cheaper than ever (more)

BULLISH BITES

📈 Well spent: 1-hour of Ray Dalio's time is worth $228,310, according to Yahoo Finance. But you can get a full hour of his time for free, breaking down the principles of investing, right here

💃 Swift effect: Female-focused ad spots take the Super Bowl.

🏀 Bets on bets: Las Vegas is trying to become the sports capital of the world.

💼 Sharp-dressed man: Men's bags by Carl Friedrik of Succession and The White Lotus fame.

☕️ Team spirit: Teams looking for ways to reinvigorate work life — consider a cherished Swedish coffee ritual.

DAILY SHARES

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