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📈 Watch Dr. Weiss unveil Nvidia's new partners in its game-changing $1T AI pivot »
A message from Weiss Research

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑42.54% for Wk of August 15 2024

Market Wrap:

• Stock futures edge up after S&P’s best week of 2024.

• Last week: S&P +3.9%, Nasdaq +5.2%, Dow +2.9%.

• Rally driven by strong retail sales, jobless claims, and Walmart results.

• Inflation slowed to 2.9%, calming markets.

• Focus shifts to Fed Chair Powell’s Jackson Hole speech on Friday.

EARNINGS

Here’s what we’re watching this week:

• Monday: Estee Lauder (EL), Palo Alto Networks (PANW)

• Tuesday: Coty (COTY)

  • Lowe's (LOW) - earnings of $3.97 per share (-12.9% YoY) on revenue of $23.9B revenue (-4.4% YoY)

• Wednesday: Macy's (M), Snowflake (SNOW), Zoom (ZM)

  • Target (TGT) - earnings of $2.19 per share (+21.7% YoY) on $25.2B revenue (+3.3% YoY)

• Thursday: Peloton (PTON)

  • Intuit (INTU) - earnings of $1.84 per share (+11.5% YoY) on $3.1B revenue (+13.7% YoY)

Full earnings calendar here.

Nvidia Ex-Partners Soared up to 4,744%: $1T AI Pivot Lures New Names

Nvidia's past collaborations have often benefitted both parties, with one rising as much as 4,744%. As Nvidia pivots to capitalize on a new $1 trillion opportunity in AI, fresh alliances are forming. Dr. Martin Weiss has pinpointed three silent partners that could play a crucial role in this phase of the AI boom.

Watch now: Dr. Weiss unveils Nvidia's new partners in its game-changing $1T AI pivot »

- sponsored -

HEADLINES

All Eyes on the Fed at Jackson Hole Amid Market Rebound

Busiest US Ports Absorb Import Surge Nearing Pandemic-Era Frenzy

• Kamala Harris adopts populist economic agenda in effort to beat Trump (more)

• Goldman cuts US recession risk following retail sales, jobs data (more)

• Oil falls 2% to end volatile week, focus on China demand concerns (more)

• Oil edges lower as market weighs diverging US, China outlooks (more)

• China, the world’s top steel producer warns of ‘severe’ industry crisis (more)

• Wall St whiplash schools traders on fragile modern markets (more)

• Global bond traders getting too complacent about inflation (more)

• The end of fabulous Money Market rates is near (more)

• Big restaurant chains rapidly expand into small town US (more)

• Eric Schmidt says the quiet part out loud (more)

• A sharp downturn in the art market (more)

• Florida man spends his GameStop riches to build $132M JetBlue stake (more)

DEALFLOW

M+A | Investments

• NFL owners, execs to meet on private equity stakes in teams (more)

• Ericsson reaches deal to sell US firm to Koch unit (more)

• EQT to buy online property firm PropertyGuru for $1.1B (more)

• Porsche agrees to provide capital in Varta restructuring deal (more)

• Mondiale VGL owners preparing to kick off $600M sale (more)

• Lockheed Martin, a defense technology company, acquires Terran Orbital, a global provider of satellite-based solutions for the aerospace and defense industries (more)

• Hadrian, an advanced manufacturing company, acquired Datum Source, a procurement management SaaS platform and manufacturing network (more)

• SAM, a spatial data collection for utilities, transportation, and infrastructure-focused clients, acquires Theorem Geo, a company deploying tech platforms for utilities and gov't orgs (more)

• neuro42, a developer of portable MRI systems for neuroimaging and interventions, received an investment from Zynext Ventures (more)

• Mesh, a modern connectivity layer for crypto that makes payments and deposits, received a strategic investment from QuantumLight (more)

VC

• Caresyntax, a provider of a vendor-neutral precision surgery platform, raised $180M in Series C funding (more)

• Quantum Circuits, a developer of quantum computers, raised over $60M in Series B funding (more)

• Chaos Labs, an onchain risk management company, raised $55M in Series A funding (more)

• Amount, a digital origination and decisioning SaaS platform, raised $30M in equity funding (more)

CRYPTO

• Record rop in Ethereum gas fees marks historically bullish signal for ETH (more)

• Bitcoin mining profitability fell to all time lows in August (more)

• Digital euro has Germans fretting their money won’t be secure (more)

BULLISH BITES

🚨 Get In Early: Watch a presentation on the next AI boom & Nvidia's critical partners

💸 Study: More than 90% of 2021 venture funds have had zero distributions thus far.

🏚 New Normal? Almost one-tenth of homes across the US now have a seven-figure price tag.

🪐 Relativity: Astronomers have come up with a new "time zone" for the moon.

🔥 Slow Burn: Tickets for this year's Burning Man are not in high demand.

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