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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
43.20% for Wk of Mar 21 2024 (Last week: 45.90%)

Market Recap:

• Stocks soar to new highs: Dow up 0.68%, S&P 500 0.32%, Nasdaq 0.20%.

• Micron Tech jumps 14% on stellar earnings, lifting semiconductor sector.

• Megacap tech stocks lead; Reddit surges 48% in debut.

• Industrials shine, boosting S&P sector by 1%.

• Fed holds rates, hints at 3 cuts; June cut expected, traders watch FedWatch.

EARNINGS

Next week’s watchlist will post on Monday:

Full earnings calendar here

HEADLINES

Justice Department Sues Apple Over iPhone Monopoly in Landmark Antitrust Case

Reddit Pops 48% in NYSE Debut After Selling Shares at Top of Range

• US economy on solid ground as weekly jobless claims fall, home sales surge (more)

• Dollar jumps as Fed starts to look more hawkish than some peers (more)

• Spot gold rises above $2,200 an ounce for the first time (more)

• US Treasury key yield curve inversion becomes the longest on record (more)

• Wall Street and Silicon Valley elites are warming up to Trump (more)

• Turkey's central bank raises interest rate to 50% despite previous hints of end to hike cycle (more)

• Swiss central bank cuts rates in surprise move, getting ahead of global peers (more)

• Micron soars after AI growth helps bolster revenue forecast (more)

• Trump is in line for a $3.5B windfall from stake in Truth Social (more)

• Airbus wins jet orders from two Asian customers of rival Boeing (more)

• Microsoft agreed to pay Inflection $650M while hiring its staff (more)

• Peltz backed by ISS, business leaders in Disney fight (more)

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DEALFLOW

M+A | Investments

• Abu Dhabi’s IHC plans to list $27B holding firm next year (more)

• Clorox to sell some Latin American operations; take $233M charge (more)

• Tritax Big Box's $1.2B takeover of rival gets board backing (more)

• Nationwide, Virgin money directors "unanimously" back $3.7B deal (more)

• Singapore's GIC sells 2.5% stake in Italy's Nexi (more)

• FNRP acquires Elements Horsham (more)

• Blackstone finances Sentinel’s purchase of fire unit (more)

• Osceola-backed Flotilla Partners completes four acquisitions (more)

• Orangewood-backed SERVPRO buys Live Oak Restoration (more)

• TA invests in SER (more)

• PSG invests in Packback (more)

• AIP invests in Celebrity Coaches (more)

VC

• Frontline Ventures, a venture capital firm focusing on B2B software companies, raised $200M across two funds (more)

• Capstan Therapeutics, a biotech company dedicated to advancing in vivo reprogramming of cells through RNA, raised 175M in Series B funding (more)

• Coast, a company offering a way to manage fuel and fleet spending, raised $92M in funding (more)

• Foundry, a provider of a public cloud for AI/ML workloads, raised $80M in Seed and Series A funding (more)

• Loyal, a biotech company developing drugs for dogs, raised $45M in Series B funding (more)

• Pandion, a provider of a parcel network designed for e-commerce residential delivery, raised $41.5M in Series B funding (more)

• Profluent, an AI-first protein design company, raised $35M in funding (more)

• Fuel Me, a provider of a fuel procurement and management platform, raised $18M in Series A funding (more)

• Sevco Security, a provider of a cloud-native cyber asset attack surface management platform, raised $17M in funding (more)

• Firestorm Labs raises $12.5M in Seed funding (more)

• BlueFlag Security, an identity-based developer security company, raised $11.5M in Seed funding (more)

• Tarsal, a data movement company, raised $6M in Seed funding (more)

• Cleric, a provider of AI-led solutions empowering automated infrastructure management, raised $4.3M in Seed funding (more)

• LeakSignal, a provider of microservices cybersecurity solutions, raised $1.6M in Seed funding (more)

• NovaData Solutions, a provider of AI-driven software for property restoration invoice analysis, raised an undisclosed amount in Series A funding (more)

• KKR agreed to acquire a majority stake in Avantus, a US developer of large utility-scale solar and solar-plus-storage projects (more)

• Agrovision, a tech-enabled fruit platform, raised an undisclosed amount in Equity funding (more)

• Hatchworks, a generative-driven development company, received an investment from J Schwan (more)

• Holistic AI, a provider of an AI governance platform, received an investment from Mozilla Ventures (more)

CRYPTO

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• Emboldened crypto market participants shrug off SEC’s probe of Ethereum (more)

• Bitcoin year-end price target raised to $90K at Bernstein (more)

• MicroStrategy’s plunge shows risk of stock as Bitcoin proxy (more)

BULLISH BITES

🤖 Google to IBM: How big tech giants are embracing Nvidia’s new hardware and software services.

📺 Dying legacy: How ESPN executives plan to survive the demise of cable TV.

🎉 ‘We’re back!’: Inside NYC’s bullish crypto party scene.

🎥 Coming soon: Silicon Valley's favorite movie, Dune: Part Two, will soon have a sequel.

📈 Revealed: Weight-loss stock jumps 121% in one day *

DAILY SHARES

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