Subscribe | Partner | Go PRO

BEFORE THE OPEN

Pre-Market:

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

Market Recap:

• Stock futures dip slightly as March's trading week closes.

• Dow futures down 0.16%, S&P and Nasdaq futures nearly 0.1%.

• Last week saw new all-time highs, with S&P up 2.3%.

• Fed's rate-cutting plans and tech rally driving gains.

• Investors cautious about rally extension and interest rates.

• Eyes on Friday's inflation data for market direction.

EARNINGS

What we’re watching this week:

• Tuesday: GameStop (GME), McCormick (MKC)

• Wednesday: Jefferies (JEF)

• Thursday: Oxford Industries (OXM), Semtech (SMTC)

  • Walgreens Boots Alliance (WBA) - earnings of $.82 per share (-29.3% YoY). Revenue forecast to fall 2.9% to $35.9B.

Full earnings calendar here

HEADLINES

Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

Cocoa Rally and Market Tumult Hoist Systematic Hedge Funds

• Biden signs $1.2 trillion spending package for government funding until October (more)

• Oil rises as heightened geopolitical risks exacerbate supply concerns (more)

• How the US economy is doing depends on your politics (more)

• Walmart CEO says customers willing to pay more for convenience (more)

• China told it faces 'fork in the road' as officials meet CEOs (more)

  • Chinese Premier downplays economic risks as IMF urges reform (more)

• Intervention threat curbs dollar's charge to new high on the yen (more)

• Asia private equity deals set for worst Q1 since 2015, data shows (more)

• Bond markets resume rate-cutting trades worldwide (more)

• Real estate policies changing after lawsuit settlement to compensate home sellers (more)

  • Homebuyers expecting $10,000 savings face tough reality (more)

• Nvidia’s ambitions in medicine and healthcare becoming clear (more)

• Boeing's largest union seeks seat on planemaker's board (more)

• Amgen wants in on the booming weight loss drug market (more)

• UnitedHealth unit to start processing $14B medical claims backlog after hack (more)

• Stability AI CEO resigns because you’re ‘not going to beat centralized AI with more centralized AI’ (more)

• Liquid Death is just one of many VC-backed beverage startups ready to disrupt Coke and Pepsi (more)

A MESSAGE FROM BEHIND THE MARKETS

This is the ONLY AI company you should be watching right now.

No. It's not Nvidia, Intel, or Microsoft...

It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human.

This new drug discovery technique will change the market.

And that's why they received a $50 million investment from an AI powerhouse.

Get the stock ticker here >>>

All the best,

Victoria Tino, Editor

Behind the Markets

DEALFLOW

M+A | Investments

• Premier league ‘Minded’ to back Everton bid with conditions (more)

• Online betting firm Rush Street Interactive weighs sale, approaches DraftKings (more)

• Advent, CVC make joint bid for European pet food business owned by Cinven (more)

• Waud Capital Partners purchases Senior Helpers (more)

• H.I.G. buys Alight’s payroll and professional services business (more)

• Gordon Brothers acquires Catch Co. (more)

• ParkHub, JustPark merge alongside investment from FTV Capital, LLR Partners (more)

• Platinum Equity invests in TAK Communications (more)

VC

• Ediphi, an advanced cloud-based estimating solution, raised $12M in Series A funding (more)

• Conduce Health, a multi-specialty value-care marketplace providing solutions for primary care orgs raised $3M in Seed funding (more)

• Blockhouse Digital, an asset management firm specializing in the crypto markets, raised $2M in GP funding (more)

• CountertopSmart, a countertop purchasing experience startup, raised $1.75M in Seed funding (more)

• Lalo, a baby product brand, closed a new equity round with Forecast Labs, a consumer venture group division of Comcast (more)

• Packback, a provider of an AI-enabled writing and discussion platform, received an investment from PSG Equity (more)

• SER, an intelligent content automation software vendor, received an investment from TA Associates (more)

• Aloft Technologies receives investment from Terra Drone (more)

• Ascend Analytics, a provider of energy transition analytics solutions, received an investment from Rubicon Technology Partners (more)

• Ainn Layer2, a decentralized Bitcoin Layer2 network project supporting AI applications, raised an undisclosed amount (more)

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

CRYPTO

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

• Goldman’s hedge-fund clients get more active in crypto options (more)

• Bitcoin slips to $64K as large Grayscale GBTC outflows continue (more)

• BlackRock seeing only 'a little bit' demand for Ethereum from clients, says head of digital assets (more)

• Bitcoin ‘halving’ spurs exodus of old US mining computers abroad (more)

BULLISH BITES

🌯 Shares for all: Chipotle’s planned 50-to-1 split unites bulls and burrito lovers.

🐰 Holiday squeeze: Easter egg price hikes are just the start as cocoa soars.

🎉 Pro-crypto: Inside Austin’s bitcoin underground.

🎓 Hot mess: It's a chaotic year for college admissions.

🔥 Game-changer? The only AI company you should be looking at » *

DAILY SHARES

Know someone who would enjoy this?

Like what you see? Get tomorrow’s briefing here »

☀️ Get your briefings before everyone else, go PRO »

Have a comment or suggestion? We’d love to hear it!
💌 Send us a message

ADVERTISE | SUBSCRIBE