BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:

Market Recap:

• U.S. equity futures steady Sunday, eyeing Fed's inflation data & earnings wave

• Dow, S&P, Nasdaq futures slightly lower by 0.04% to 0.05%

• Last week saw record highs, Dow hits 39,131.53, S&P breaches 5,100, Nasdaq at 52-week high

• Investors wary of AI momentum amid economic and inflation concerns

• Economic releases: January durable orders, wholesale inventories

• High-interest earnings reports expected from Salesforce, restaurants, retailers, Norwegian Cruise, AMC Entertainment, and others

EARNINGS

What we’re watching this week:

• Today: iRobot (IRBT), Zoom (ZM)

• Tuesday: eBay (EBAY), VIZIO (VZIO)

  • Macy's (M) - earnings of $1.96 per share, (+14.6% YOY) on $8.2B revenue (-1.3% YoY)

• Wednesday: Duolingo (DUOL)

  • Salesforce (CRM) - earnings per share of $2.09 (+24.4% YoY) on revenue of $8.5B (+1.6% YoY)

• Thursday: Anheuser-Busch InBev (BUD)

  • Birkenstock (BIRK) - earnings per share of 10 cents on $312.4M in revenue

Full earnings calendar here

HEADLINES

Bezos, Nvidia Join OpenAI in Funding Humanoid Robot Startup

Tesla-Beating BYD Unveils $233,450 EV Supercar to Rival Ferrari, Lamborghini

• Consumers are increasingly pushing back against price increases — and winning (more)

• China's woes won't slow US economy, but excess capacity a concern, says Treasury's Adeyemo (more)

  • China's crackdown on US businesses leaves investors in the wary (more)

• Argentina markets double down on Milei as investors 'start to believe' (more)

• TSMC founder Morris Chang predicts Japan 'chip renaissance' (more)

  • TSMC opens first Japan factory as it diversifies away from Taiwan amid US-China tensions (more)

• Risk models behind world’s best hedge fund strategy are getting a lot harder to crack (more)

• Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record (more)

  • Read Buffett’s 2024 annual letter to shareholders (more)

• Disney, Reliance signed binding India media merger pact (more)

• Google says Microsoft offered to sell Bing to Apple in 2018 (more)

• Electric air transport to take off with taxis, ambulances, cargo deliveries by end of this decade (more)

• VCs may get creative to return investor cash (more)

• Goldman partner sees return of Big Consumer M&A (more)

• Rivian, the California car company losing billions a year, lays off hundreds (more)

• Alibaba had future doubts, now co-founder says: 'We're back” (more)

A MESSAGE FROM BEHIND THE MARKETS

DEALFLOW

M+A | Investments

• Jack Ma-backed Ant outbids Citadel Securities for Credit Suisse’s China JV (more)

• Broadcom reportedly nears $3.8B sale of remote access unit to KKR (more)

• Italy's Sogefi to sell filtration unit for over $400 mln to PE firm (more)

• Datasite, a provider of a SaaS platform used to execute complex projects, acquired Sherpany, a board meeting management software provider (more)

• Trianz, a digital transformation software company, received a growth equity investment from Capital Square Partners (more)

• TPG-backed Delinea buys Fastpath (more)

• Datasite acquires Sherpany (more)

• Nautic Partners purchases SurfacePrep from CenterOak (more)

• Ziff Davis buys TDS Gift Cards from MDP and Tornante Company (more)

• LO3 Capital invests in Diamond Builders (more)KKR to acquire VMware’s end-user computing biz from Broadcom for $4B (more)

VC

• Antora Energy, a company specializing in zero-emissions industrial heat and power, raised $150M in Series B funding (more)

• Abridge, the leader in generative AI for clinical documentation, announced an additional $150M investment (more)

• EigenLayer, a blockchain infrastructure startup, raised $100M in Series B funding (more)

• Frontier Medicines today announced the close of an oversubscribed $80M Series C financing (more)

• Fabric, developers of a leading care enablement system humanizing care by automating clinical/admin work, today announced its $60M Series A funding (more)

• Uhnder, a radar sensor startup, announced a $50M Series D raise (more)

• Synadia, a creator and maintainer of NATS.io, the open-source cloud and edge-native messaging system for data streaming, raised $25M in Series B funding (more)

• Axle Health, a provider of scheduling and workforce management software in the home health care, raised $4.2M in Seed funding (more)

• ISHI Health, an AI-powered virtual clinic specializing in heart failure and complex cardiac disease care, raised $4M in funding (more)

• Finpilot, a provider of an AI fintech platform for financial analysts, raised $4M in Seed funding (more)

• Tuned, a digital hearing company providing preventive and comprehensive health for employers, raised $3.2M in seed extension (more)

• CrewLAB, a provider of a team sports management platform, raised $1.6M in funding (more)

• Blue Wire, a media production and distribution company, has landed a growth funding package from Decathlon Capital Partners (more)

IPO

• Cruise operator Viking Holdings files confidentially for US IPO (more)

CRYPTO

• Uniswap's UNI jumps 60% on proposal to reward token holders in major governance overhaul (more)

• Judge signs off on Binance's $4.3B plea deal with US prosecutors (more)

• Crypto billionaire Mike Novogratz on Bitcoin's next bull run (more)

BULLISH BITES

🤬 Throwing shade: A lot of Redditors hate the Reddit IPO.

⏭ Skipping ahead? Peter Thiel's $100000 offer to skip college is more popular than ever.

🍔 Ouch: The high cost of eating out in America.

❄️ Beast: Driving a Tesla Cybertruck with snow tracks.

🇺🇸 Featured: The biggest financial risk facing America in 2024 (Behind the Markets)

DAILY SHARES

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