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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
50.00% for Wk of Mar 28 2024 (Last week: 43.20%)

Market Recap:

• Stock futures slip: S&P 500 and Dow down.

• Dow futures -0.3%, S&P 500 -0.1%, Nasdaq -0.2%.

• Health insurers tumble on Medicare rate news.

• Dow falls 0.6%, S&P 500 -0.2%, Nasdaq edges higher.

• Strong manufacturing data raises rate cut doubts.

• Fed funds futures: 58% chance of June rate cut.

• Today: Job Openings, Durable Orders; Friday - March payrolls.

EARNINGS

What we’re watching this week:

• Today: Cal-Maine Foods (CALM)

  • Dave & Buster’s Entertainment (PLAY) - anticipating revenue of $602.6M (+6.9% YoY). Earnings expected to rise 37.5% to $1.10 per share.

• Wednesday: Levi Strauss (LEVI)

• Thursday: Lindsay (LNN), Simply Good Foods (SMPL)

  • Lamb Weston (LW) - earnings of $1.46 per share for fiscal Q3. Revenue expected to rise 31% to $1.7B.

Full earnings calendar here

HEADLINES

Gold Hits Another Record High After Fresh Data Spurs Fed Cut Expectations

Musk is Now Officially Austin’s Largest Private Employer

• US manufacturing activity grows at fastest rate since 2022 (more)

• Citadel's Griffin expects US economic landscape to be challenging, more favorable for fixed income (more)

• Oil gains on potential for rising demand, wider middle east war (more)

• US manufacturing on the mend; rising raw material prices pose obstacle (more)

• Xi’s cryptic bond comments hint at PBOC becoming more like Fed (more)

• Fed bank borrowing program was ‘too good to pass up,’ data show (more)

• Stocks join losses in bonds as Fed-cut wagers fade (more)

• Trump Media plunges more than 25% after company reports big loss for 2023 (more)

  • Trump posts bond to freeze $454M fraud fine during appeal (more)

• Google to destroy browsing data to settle consumer privacy lawsuit (more)

• Rubrik files to go public as tech companies see thawing of IPO market (more)

• Microsoft to separate Teams and Office globally amid antitrust scrutiny (more)

  • Zoom and Salesforce stand to benefit from Microsoft’s unbundling of Teams and Office (more)

• United asks pilots to take unpaid time off as Boeing issues persist (more)

• Tesla has Wall Street worried about how many cars it just sold (more)

• T.Rowe Price backs Disney directors in boardroom challenge with hedge funds (more)

• Tiger Global VC fund closes 63% below target with $2.2 Billion (more)

A MESSAGE FROM GOLDENCREST METALS

Don't be fooled by the mainstream media

We're raising the alarm – Jamie Dimon of JPMorgan has just forecast a colossal economic disaster for 2024-2025. We're facing a potential collapse, with chaos from Ukraine to the Middle East, and the Federal Reserve gambling with our financial future.

Make no mistake – this is a battle for your survival. The U.S. debt is skyrocketing, posing an unprecedented threat. Even Wall Street giants are scared. The "booming" stock market? It's a bubble on the brink of bursting, and the media is painting a rosy picture – don't buy it!

Take control now. Our No-Cost Wealth Management Guide isn't just advice – it's your survival kit in this economic battlefield.

Don't be a spectator in this economic showdown. When the economy plummets, only the prepared will thrive. Get your no-cost guide NOW for survival and prosperity!

To your unshakeable prosperity,
GoldenCrest Metals

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DEALFLOW

M+A | Investments

• Formula 1 owner Liberty to buy MotoGP in $3.8 Billion deal (more)

• Advent in advanced talks to buy Ryan Reynolds-backed Nuvei (more)

• Capital One-Discover merger deal termination fee set at $1.38 Billion (more)

• Abrigo, a provider of compliance, credit risk, and lending solutions, acquired TPG Software, a company specializing in investment solutions (more)

• One Equity Partners, a private equity firm, acquired Acteon Group, a marine energy and infrastructure solutions company (more)

• Novacap-backed Cadent buys AdTheorent (more)

• Littlejohn purchases UAT (more)

• PE-backed Juniper buys Rip’s and Elegant (more)

VC

• Aeovian Pharmaceuticals, a clinical-stage biopharmaceutical company, raised $50M in funding (more)

• Zafran, a risk and mitigation company, raised over $30M in funding (more)

• Skyflow, a data privacy vault company, raised $30M in Extended Series B funding (more)

• Confetti, a provider of a platform to handle team-building activities for companies, raised $16m in Series A funding (more)

• Terragia, a technology startup specializing in biofuels, raised $6M in Seed funding (more)

• Orchard Robotics, a company enabling precision crop management with robots and AI, raised $3.8M in seed and pre-seed funding (more)

• Kidsy, an online retailer for baby and kids products, raised over $1M in funding (more)

CRYPTO

Powered by MILKROAD - Get smarter about crypto in 5 min.

• Crypto exchange Binance names its first board of directors (more)

• Bitcoin becomes more volatile than Ether as halving approaches (more)

• Tether added bearly 8.9K Bitcoin to holdings in first quarter (more)

BULLISH BITES

🍿 Disney board showdown: What’s at stake at upcoming contentious 2024 shareholder meeting.

🤖 Free for all? ChatGPT no longer requires an account — but there’s a catch.

🎯 On the prowl: Macy’s hasn’t closed 150 stores yet. But Target, Kohl’s CEOs already smell opportunity.

🎙 Friendly PR: Tech CEOs like Zuckerberg are increasingly bypassing traditional media in favor of podcasters who help get their message out.

💰 Take control: This No-Cost Wealth Management Guide from Goldencrest isn't just advice – it's your survival kit in this economic battlefield. Download your no-cost guide here » *

DAILY SHARES

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