BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 49.84% for Week of November 14 2024

Market Wrap:

• Futures near flat: Dow -0.08%, S&P -0.05%, Nasdaq slightly down.

• Nasdaq +0.6%, S&P +0.4%, Dow -55 points, marking three straight down days.

• Trump Media -4% on Bakkt talks. Walmart +0.8% ahead of earnings.

• Nvidia reports tomorrow; focus on Blackwell AI chip demand.

• S&P targets rise for 2025 on rate optimism, stronger presidency hopes. Slimmon: “No pullback likely.”

EARNINGS

Here’s what we’re watching this week. Full calendar »

• Today: Lowe's (LOW)

  • Walmart (WMT) - earnings of $.53 per share, up 3.9% (YoY) on $166.4 billion revenue (+4.4% YoY)

• Wednesday: Palo Alto Networks (PANW), Snowflake (SNOW), Target (TGT), TJX Companies (TJX)

  • Nvidia (NVDA) - earnings of $.74 per share (+85% YoY) on $33.0 billion revenue (+82% YoY)

• Thursday: Gap (GAP), Ross Stores (ROST)

  • Deere (DE) - earnings of $3.93 per share (-52% YoY) on $9.3 billion revenue (-32.7% YoY)

HEADLINES

Wall Street Enemies Circulate Bessent Returns as Treasury Race Drags On

DOJ Will Push Google to Sell Chrome to Break Search Monopoly

• Nasdaq, S&P close higher as investors await Nvidia earnings (more)

• US labor market still boosting inflation, Fed economists say (more)

• US homebuilder confidence at 7-month high in November (more)

• Dollar strengthens against yen on Bank of Japan's hike uncertainty (more)

• Goldman sees dollar ‘stronger for longer’ in a new tariff regime (more)

• Blue-chip bond issuance reaches second-highest level ever (more)

• Global funds are piling record money into Indian share offerings (more)

• Spirit Airlines files for bankruptcy after mounting losses (more)

• Super Micro hires new auditor to maintain Nasdaq listing; shares pop 37% (more)

• Tesla stock pops after report Trump wants to relax self-driving rules (more)

• Dental supply stock rallies on RFK’s anti-fluoride stance (more)

• Activist investor pushes for changes at Henry Schein (more)

• Canva hires former Zoom CFO to run finance ahead of expected IPO (more)

• CVS strikes deal with activist Glenview Capital for four board seats (more)

A MESSAGE FROM WM RESEARCH

A Huge Crack is Forming in the US Economy

I'm a former advisor to President Donald Trump, and I've uncovered alarming information that could impact your financial security over the next few months. 

These new stock market highs are built on shaky foundations. 

A huge crack is forming in the American economy. The elites know all about it, but most ordinary citizens have no idea. 

But I'm coming forward for the first time because this is too important. Everything you've worked so hard for could be at risk. 

I can't sit back and allow hard-working Americans to be financially battered, while the elites make more and more money yet again. 

So what's going on? 

And how could it impact your life, and the lives of your children and grandchildren over the next few months?

To get the facts, watch my latest free market briefing. 

I'll reveal everything you need to know to protect yourself during this crisis and maybe even come out wealthier on the other side.

Click Here To Watch My Latest Briefing Free

Regards,

Brad Thomas
Former Trump Advisor

- sponsored message -

DEALFLOW

M+A | Investments

• Trump Media in reported talks to buy crypto trading platform Bakkt (more)

• Blackstone near deal for sandwich chain Jersey Mike’s (more)

• Nordic Capital confirms talks to buy IP software firm Anaqua (more)

• Boston Scientific Corporation, a medical solutions provider, acquired Axonics, Inc., a medical tech device company to treat urinary and bowel dysfunction (more)

• JobGet, an app-first job platform, acquired Snagajob, a platform which specializing in hourly employment (more)

• bswift, a company providing employee benefits tech and admin, acquired Evive, a company specializing in driving outcomes for employors health plans (more)

• Implan, economic impact data and analytical software, received an investment from Charlesbank Capital Partners (more)

• Volo Sports, a social and recreational sports events provider, received an investment from Bluestone Equity Partners (more)

• CoreWeave, a cloud platform provider, closed a secondary minority investment of $650M (more)

• Evolve Global Logistics, a logistics company, received an investment from OneCompass Holdings (more)

VC

• Ai16z and Ryze Labs partner to launch AICombinator Program, announce $5M fund to support developers (more)

• SuperAnnotate, enterprise software for managing and creating large-scale multimodal AI datasets, raised $36M in Series B funding (more)

• Conduktor, an Enterprise Data Management platform specialized in data streaming, raised $30M in Series B funding (more)

• Zenflow, Inc., a medical device company developing a minimally invasive treatment for urinary obstruction, closed a $24M Series C financing round (more)

• Medeloop, a medical research platform, raised $15.5M in Series A funding (more)

• Orderful, a company providing an electronic data interchange (EDI) platform, raised $15M in growth funding (more)

• Anello Photonics, a creator of the silicon photonic optical gyroscope (SiPhOG™), raised an undisclosed amount in Series B funding (more)

• Revisto, an AI-powered solution streamlining the regulatory review process for pharmaceutical marketing materials, raised $4M in Seed funding (more)

• Airbound, a drone technology startup, raised $1.7M in funding (more)

FROM OUR RESEARCH PARTNERS

• Trump’s Win Opens Up a Rare “Retirement Window”

• Goldman Sachs: 300 Million People Are At Risk

• Is This the Pin that Pops AI Bubble?

CRYPTO

• Spot Bitcoin ETF options could start trading as early as today (more)

• Michael Saylor's MicroStrategy added additional 51,780 Bitcoin for $4.6B (more)

• Goldman readies plans to spin-out its digital assets platform (more)

BULLISH BITES

🚀 AI’s Backbone: The $16 investment set to skyrocket under Trump *

🤝 Influence: Tech elite push tech elite to Elon Musk for cabinet positions.

🪑  Trading Places: Venture capitalists continue to play musical chairs.

👑 Tech Royalty: Private chefs for Silicon Valley’s elite spill the (precisely 70-degree) tea.

👜 At Scale: The most fashionable scaffolding in the world.

DAILY SHARES

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