BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 50.83% for Week of September 19 2024

Market Wrap:

• S&P +0.25%, Dow +83.57 points—both at record highs.

• Nasdaq added 0.56%, closing at 18,074.52.

• Nvidia jumped 4% after CEO halted stock sales.

• Consumer confidence dropped to 98.7, the biggest fall in 3 years.

• China stocks surged; Alibaba up 7.9%, JD.com 13.9%.

• Dow up 1.6% in September, S&P 500 1.5%, Nasdaq 2%.

EARNINGS

Here are the earnings we’re watching this week.

• Today: Jefferies (JEF)

  • Micron Technology (MU) - earnings of $1.13 per share (vs a per-share loss of $1.07 in the year-ago period). Revenue of $7.6B expected (+90% YoY)

• Thursday: BlackBerry (BB), CarMax (KMX)

  • Costco Wholesale (COST) - earnings of $5.08 per share (+4.5% YoY) on $79.9B revenue (+1.3%)

• Friday: [none watched]

See full earnings calendar here.

HEADLINES

Americans Growing Worried About Where Economy is Headed

Wall Street Jockeys for Jobs as Election Nears

• Stock rally propped up by Nvidia’s climb (more)

• Record stock market defies election uncertainty (more)

• Silver surges by 5%, gold hits another historic record high (more)

  • Most banks expect gold's bull run to persist into 2025 (more)

• ‘Stop ripping us off’: Senate grills Novo Nordisk CEO on drug pricing (more)

• DOJ slaps Visa with antitrust suit over debit card dominance (more)

• Goldman Sachs shifts view on economy, Fed rate cuts (more)

• Fed's rate cut offers limited relief for US factories facing China competition (more)

• Boeing is raising its offer to end the strike (more)

• A looming port strike threatens to shake the economy (more)

• Trump floats expanded R&D business tax credits (more)

• The commercial-property market is coming back to life (more)

A MESSAGE FROM BEHIND THE MARKETS

The $8 Stock That Could Slash Healthcare Costs by $1.7 Trillion

Science Magazine called it the "breakthrough of the year"...

A brand-new superdrug that is so lucrative...

Some expect it to become the best-selling drug EVER...

With projections of 8,966% growth in the next four years.

It could slash healthcare costs by $1.7 trillion in the US alone...

And ONE tiny firm (trading for only $8) holds a key patent on it.

Click here for the ticker...

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DEALFLOW

M+A | Investments

• Smartsheet to go private in $8.4B deal with PE firms Vista and Blackstone (more)

• UK's NewRiver REIT to buy Capital & Regional in $196M deal (more)

• Macquarie to acquire stake in D.E. Shaw Renewable Investments (more)

• Brilliant, impactful corporate gifting and branded merchandise solutions, received a majority investment from New Heritage Capital (more)

VC

• Harmonic, an AI platform for the development of mathematical superintelligence, raised $75M in Series A funding at a $325M valuation (more)

• Centivo, a company making high-quality healthcare more affordable for employers and their employees, secured $75M in equity and debt financing (more)

• Torq, an AI security hyperautomation company, raised $70M in Series C funding (more)

• Route 92 Medical, a company developing solutions for neurovascular interventional procedures, received $50M in Series F extension equity funding (more)

• Dandelion Energy, a home geothermal company, raised $40M Series C funding (more)

• HyperLight Corporation, a provider of thin film lithium niobate photonic integrated circuits (PICs), raised $37M in funding (more)

• Campfire Interactive, enterprise software solutions for manufacturing companies and automotive suppliers, received a $37M majority investment from Growth Partners (more)

• StrataPT, a billing-aware practice management platform for outpatient therapy clinics, secured $25M in financing (more)

• LiveFlow, an intelligent finance and accounting automation platform, raised $13.5M in Series A funding (more)

• Mesa, a homeowner membership platform, raised $9.2M in Seed funding (more)

• GenLogs, a network of roadside sensors collecting data on truck movements, raised over $6M in Seed funding (more)

• Reframe, a startup redefining the human-computer relationship, raised $5M in Seed funding (more)

• VerImmune, a biotech company developing ViP™ platform technology, raised $4.5M in first closing of Pre-Series A funding (more)

• Sandgarden, an enterprise AI runtime engine, raised $4.5M in funding (more)

• Platformatic, a cloud-native Node.js application platform, raised additional $4.3M in Seed funding (more)

• Knownwell, an AIaaS company, raised $4M in funding (more)

• Arya Health, a healthcare workforce automation platform, raised $4.0M in Seed funding (more)

• Eion, a carbon removal company, raised $3M in Series A extension funding (more)

• Atomicwork, a modern service management platform, raised $3M in funding (more)

CRYPTO

• Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason (more)

• BlackRock Bitcoin ETF options to set stage for GameStop-like 'Gamma Squeeze' rally, Bitwise predicts (more)

• Crypto’s correlation with US stocks nears record in Fed fallout (more)

• US SEC, Coinbase clash in court over crypto rulemaking (more)

BULLISH BITES

📈 Investor Alert: Why this $8 stock could be the best investment of 2025 *

🔎 Inside Look: Don’t count on a megadeal to save Intel.

🦄 Takeover: This unicorn is taking on Adobe. Can it fly?

➗ System Check: Is math the path to chatbots that don’t make stuff up?

🗽 Prime Digs: You can now secure your own Goldman Sachs corner office by renting an apartment in the building that once served as the megabank's Wall Street HQ.

DAILY SHARE

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