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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
38.49% for Wk of Apr 25 2024 (Last week: 32.13%)

Market Recap:

• Stock futures rise ahead of April jobs report.

• Dow up 0.6%, S&P 500 up 0.3%, Nasdaq 100 up 0.6%.

• Apple climbs 6% on earnings, announces $110B buyback.

• Amgen soars 14% on stellar earnings, Cloudflare drops 14%.

• S&P 500 gains 0.91%, Dow up 0.85%, Nasdaq rises 1.51%.

• Markets poised for negative weekly close despite gains.

• Today: April nonfarm payrolls; economists predict 240,000 jobs added.

EARNINGS

What we’re watching this week:

• Friday: Hershey Foods (HSY)

Full earnings calendar here

HEADLINES

Apple’s $110 Billion Stock Buyback Plan Is Largest in US History

Sony, Apollo Make $26 Billion All-Cash Offer for Paramount

• Wall Street confused and divided over how many times the Fed will cut rates this year (more)

• Gold heads for worst weekly run since February on rate outlook (more)

• Hong Kong tech rallies, Yen hits three-week high (more)

• Huawei secretly backs US research, awarding millions in prizes (more)

• Peloton CEO to step down, company to lay off 15% of staff (more)

• US v. Google antitrust trial concludes with closing arguments (more)

• Baltimore bridge insurer reportedly set to write $350 million check (more)

• Nio soars more than 20% as EV deliveries more than double in April (more)

• Blackstone taps vast source of cash in $1 Trillion credit push (more)

• Wells Fargo says US scrutinizing Zelle complaints behind scenes (more)

• Toyota, Tata Motors positioned to benefit from hybrid auto boom (more)

DEALFLOW

M+A | Investments

• Novartis buys Mariana Oncology, paying $1B upfront (more)

• Freshworks acquires Device42 for $230M (more)

• SVB Financial to sell VC business SVB Capital (more)

• British payments group Epos Now explores possible stake sale (more)

• ECP in advanced talks to acquire Atlantica Sustainable (more)

• Cin7, an inventory and order management software provider, acquired Inventoro, a provider of AI-driven sales forecasting and replenishment optimization solutions (more)

• Accenture (ACN) acquires Parsionate, a data consultancy specialized in data products and modern data foundation services (more)

  • Accenture (ACN) acquires Soko, a creative agency that develops brand stories with deep impact in society (more)

• Guesty, property management software for the short-term rental and hospitality industry, acquired Rentals United, provider of a cloud platform to promote properties across multiple listing sites (more)

• Breck Partners purchases NPX One from Atlas (more)

• Marsh McLennan Agency purchases AC Risk Management (more)

• Permira acquires majority position in BioCatch from Bain Capital (more)

• Carlisle purchases MTL from GreyLion Partners (more)

• PSP-backed Ntiva invests in The Purple Guys (more)

VC

• HighVista Strategies, an asset management firm pursuing, closed its Private Equity Fund X, at $675M (more)

• Altruist, a custodian for independent RIAs, raised $169M in Series E funding (more)

• Transcarent, a healthcare platform provider, raised $126M in Series D funding (more)

• Karius, Inc., a leader in genomic diagnostics for infectious disease, raised $100M in Series C funding (more)

• Securitize, a company specializing in tokenizing real-world assets, raised $47M in funding (more)

• Indicium, a data and AI consultancy, raised a $40M investment from Columbia Capital (more)

• StrongDM, a zero trust privileged access management (PAM) company, raised $34M in Series C funding (more)

• Mimic, a ransomware defense company, emerged from stealth with a seed round of funding of $27M (more)

• GroundGame.Health, a provider of a social impact solution that fulfills unmet social and care needs, raised $17M in funding (more)

• Livara Health, a value-based musculoskeletal management company, raised $15M in Series B funding (more)

• Monocle, a promotion platform provider, is emerging from stealth mode supported by a $7.5M seed funding (more)

• Apex, an AI security company, emerged from stealth with $7M in seed funding (more)

• Danti, an Earth data search engine provider, raised $5M in Seed funding (more)

• Birdwingo, a provider of a financial education and investment platform, raised €1.2M in funding (more)

• DefenseStorm, a provider of cyber risk solutions to financial institutions, raised an undisclosed amount in Series C-1 funding (more)

Any news or data you wish was included in your briefing?
…just hit reply and tell us!

CRYPTO

• JCrypto market sell-off was driven by retail investors, JPMorgan says (more)

• BlackRock sees sovereign wealth funds, pensions coming to Bitcoin ETFs (more)

• Jack Dorsey's Block adding more Bitcoin to balance sheet, presents road map for others (more)

BULLISH BITES

🥱 A good thing: Why banks these days are so excited about being boring.

💣. Fallout: They thought they were joining an accelerator — instead they lost their startups.

💰 Take control: This No-Cost Wealth Management Guide from Goldencrest isn't just advice – it's your survival kit in this economic battlefield. Download your no-cost guide here »*

👜 Too late? From luxury rack to sales bin — how Gucci fell off the catwalk.

🏎 Next level: Ferrari Unveils $423,000 Sports Car With 1960s Bloodline

DAILY SHARES

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