BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 reaches new record high, up 0.76%.

• Dow climbs 0.59%, Nasdaq gains 1.12%.

• Sixth record close for both S&P 500 and Dow.

• Busiest week for earnings season, including tech giants.

• Microsoft, Apple, Meta, Amazon, Alphabet among key reports.

• Dow components like Boeing and Merck also reporting.

• Federal Reserve's two-day policy meeting begins, no rate cut expected.

• iRobot shares plunge 9% as Amazon drops acquisition pursuit.

EARNINGS

What we’re watching this week:

• Today: JetBlue Airways (JBLU), Pfizer (PFE), Starbucks (SBUX), UPS (UPS)

  • Alphabet (GOOG) - expected: $1.59 per share (+51.4% YoY) on $85.3B revenue (+12.2% YoY)

  • Microsoft (MSFT) - expected: $2.78 per share (+20.3% YoY) on $61.1B revenue (+15.9% YoY)

• Wednesday: Boeing (BA)

• Thursday: Atlassian (TEAM), Honeywell (HON), Meta Platforms (META)

  • Amazon (AMZN) - expected: $.80 per share. Revenue expected to rise 11.4% to $166.2B

  • Apple (AAPL) - expected: $2.10 per share for Apple’s fiscal Q1 (+11.7%) on $117.9B revenue (+0.06% YoY

• Friday: Chevron (CVX), Exxon (XOM)

Full earnings calendar here

HEADLINES

FanDuel Parent Flutter Lists on the NYSE, Challenging DraftKings

Will Arnett, Jason Bateman, Sean Hayes Take Podcast to SiriusXM for $100 Million

• Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure (more)

• Treasury cuts quarterly borrowing estimate to $760B (more)

• Petrobras CEO says Yemen crisis could send oil above $90 (more)

• BlackRock upgrades US stocks, says AI-driven rally could broaden this year (more)

• Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff (more)

  • Amazon Prime Video ads are here, unless you pay $2.99 (more)

• Blackstone is building a $25B empire of power-hungry data centers (more)

• OpenAI partners with Common Sense Media to collaborate on AI guidelines (more)

• Toyota holds lead as world’s no. 1 carmaker for fourth year (more)

• Elon Musk says first human patient has received brain implant (more)

• Microsoft CEO responds to AI-generated Taylor Swift fake nude images (more)

• Activists are eyeing tech stocks ahead of expected M&A rebound after two-year lull (more)

• Steve Cohen and other sports investors set to pump billions into the PGA Tour (more)

• Reed Hastings sells $1.1 billion in Netflix shares (more)

• Goldman Sachs co-head of banking and markets plans to exit after 29 years (more)

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DEALFLOW

M+A | Investments

• Advent looks at options for UK parcel delivery firm Evri (more)

• Russian tycoon's investment group ICT sells Polymetal stake to Omani-owned consortium (more)

• WillScot Mobile to buy McGrath RentCorp in $3.8B deal (more)

• Fasanara, a specialist credit asset company that provides a technology platform, acquired a majority stake in Pollen VC, a provider of non-dilutive working capital to the mobile gaming/app sector (more)

• Quantum5, a provider of a holistic learning ecosystem, acquired Trivie, a provider of a workforce engagement platform that utilizes AI-generative tools (more)

• Accenture (ACN), has completed its acquisition of Work & Co, a global digital product company (more)

• Mesh, a modern embedded finance solution that makes digital asset transfers and account aggregation seamless, received an investment from PayPal Ventures (more)

• Kinderhook-backed Continental Auto Parts purchases Pro Parts (more)

• Drop Mobility, an e-bike share company, received a Growth funding from Decathlon Capital Partners (more)

• Optym, a company specializing in optimization solutions for the transportation industry, received an investment from Venture 53 (more)

• AdCellerant, a marketing technology and services company, received an investment from Clearview Capital Fund V (more)

• Arsenal invests in Polycorp (more)

• Peloton Equity invests in OnPoint (more)

• KSL closes over $3B continuation vehicle for Alterra (more)

• Clearview Capital recapitalizes AdCellerant (more)

VC

• Coxwave, a provider of an analytics infrastructure empowering builders to create AI-native products, raised $3.5M in funding (more)

• Alinea Invest, a provider of an AI-powered wealth management app for Gen Z women, raised $3.4M in Seed funding (more)

• Compa, a compensation market data provider, raised $10M in Series A funding (more)

IPO

• Renault cancels IPO plans for Ampere (more)

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CRYPTO

• Bitcoin reclaims $43,000 as the cryptocurrency extends recent gains (more)

• Bitcoin spot ETFs are starting to see slowing investor interestI (more)

BULLISH BITES

😎 Good vibes: The 3 big reasons Americans are suddenly psyched about the economy.

☕️ Today: Starbucks to launch olive oil-infused Oleato drinks across the US - the same day as fourth-quarter earining.

📊 FYI: High-yield savings account vs. a CD: What’s the difference?

💰 Who knew: Walmart store managers can make up to $400,000 with stock grants.

🏡 Lush life: The 15 most expensive US neighborhoods per square foot (#1 is 2,000% higher than average).

DAILY SHARES

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