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🚨 Billionaires Bail on Big Tech: What do they know?
A message from Behind The Markets

BEFORE THE OPEN

Pre-Market:

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

Market Wrap:

• Stock futures flat; Dow up 23 points, S&P 500, Nasdaq steady.

• S&P 500, Nasdaq end winning streaks.

• Market cautious after Aug. 5 sell-off; volatility easing.

• Eyes on Powell’s Jackson Hole speech for rate cut signals.

EARNINGS

Here’s what we’re watching this week:

• Today: 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.

Is Buffett preparing for a 50% market crash?

Billionaire investor Warren Buffet just dumped 60% of his Apple shares!

Paul Tudor Jones has sold over 100,000 shares in NVIDIA...

Other billionaires like Mark Zuckerberg, Jeff Bezos, and the Walton family have sold billions of dollars worth of shares in their own companies as well.

Are these billionaires quietly preparing for a historic market crash?

Click here to find out >>>

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HEADLINES

Federal Judge Strikes Down FTC Ban on Worker Noncompetes

Bond Traders Amassing Historic Level of Risk on Rate-Cut Bets

• Stocks lose steam as investors zoom in on US jobs, Fed (more)

• Fed officials uneasy about job market as they get ready for Jackson Hole (more)

• Dollar’s losing streak sends euro, pound to fresh 2024 highs (more)

• Strong tailwinds for gold's excursion into uncharted territory (more)

• Shein sues Temu over copyright infringement (more)

• Anthropic hit with class-action lawsuit over copyright infringement (more)

• OpenAI signs content deal with Condé Nast (more)

• Analysts reset AMD stock outlooks after AI acquisition (more)

• Shares of Trump's media firm sink to record low (more)

• BMW recalls 720,000 vehicles over short circuit concern (more)

• Google's Waymo robotaxi doubles its paid rides in three months (more)

• Morgan Stanley Int’l chair among 6 missing after luxury yacht sinks in Sicily (more)

DEALFLOW

M+A | Investments

• Walmart is seeking up to $3.74B in sale of JD.com stake (more)

• Edgar Bronfman submits $4.3B rival bid for Paramount Global (more)

• J&J to buy medical device maker V-Wave for up to $1.7B (more)

• KKR in talks to buy The Parking Spot in $1.4B deal (more)

• Hyatt to buy Standard Int'l for up to $335M (more)

• Qatar Airways acquires stake in South Africa’s Airlink (more)

• Kroger sells $10.5B of bonds to fund Albertsons buy (more)

• Alaska Airlines, Hawaiian merger clears US Justice Dept (more)

• Coal miner Arch Resources is said in talks to merge with Consol (more)

• Visiox Pharmaceuticals, a biopharmal company, to merge with Ocuvex (more)

• Wells Fargo to sell most of its CRE loan servicing business to Trimont (more)

• PakEnergy, a business automations solution for the energy industry, acquired Plow Technologies, a provider of digital automation (more)

• Nobl Q, AI and cloud-based solutions, acquired Corezi, a cloud-based solutions and digital services company (more)

• Kami, a classroom and teacher productivity content provider for K12 market, received an investment from BV Investment Partners (more)

• Nucleus Security, a company specializing in unified vulnerability management, received an investment from Dcode Capital (more)

VC

• Pathalys Pharma, a biopharma company developing treatments for kidney disease, raised $105M in Series B funding (more)

• Fortera, a materials tech company, raised $85M in Series C funding (more)

• Defcon AI, a company building a new simulation toolset for the modern military, raised $44M in Seed funding (more)

• Fabric Cryptography, a verifiable processing unit startup, raised $33M in Series A funding (more)

• Eppo, an experimentation platform, raised $28M in Series B funding (more)

• Trunk Tools, a provider of an AI Platform for the construction industry, raised $20M in Series A funding (more)

• Mindset Care, a platform designed to simplify the application process for social security disability benefits, raised $13M in funding (more)

• Talus Biosciences, a drug discovery company, raised $11.2M in Seed+ funding (more)

• Clarium, Inc., a healthtech company supporting hospital supply chain operations, raised $10M in funding (more)

• David, a maker of food that increases muscle and decreases fat, raised $10M in Seed funding (more)

• Allstacks, a provider of a software engineering intelligence platform, raised $10M in Series A funding (more)

• BeyondMath, a company specializing in advanced engineering simulation, raised $8.5M in Seed funding (more)

• Kubiya, a provider of a conversational AI solution for DevOps teams, raised $6M in extension funding (more)

• Enteligent, a developer of solar-powered DC-to-DC chargers for electric vehicles (EVs), raised $6M in funding (more)

• Cassidy, a provider of a business automation platform, raised $3.7M in Seed funding (more)

CRYPTO

• Bitcoin pops over $61K, XRP leads gains among majors (more)

• Crypto token holders approve SEC settlement absent any charges (more)

• Nigeria’s SEC to licence crypto exchanges as adoption surges (more)

BULLISH BITES

📉 Investor Alert: Rare signal predicts 50% market drop - before election. Follow these 4 steps to prepare »

💸 Huge Shifts: The economy-wide bullwhip effect.

🏚 Next Vacation? North Korea is reopening its borders for tourists.

🪐 Next Gen: Teenagers trade $20M to prep for jobs at Citadel, Nomura.

🔥 Sea Life: This ship travels the world full time — here’s how much an apartment on it costs.

DAILY SHARE

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