BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 37.70% for Week of MAY 22 2025

Market Wrap:

• Futures flat as Wall Street eyes Nvidia earnings

• Tue: Dow +700 pts (1.8%); S&P +2%, Nasdaq +2.5%, snapping 4-day slide

• Okta sinks 12% after guiding cautiously despite earnings beat

• Fed minutes, Macy’s, Dick’s, Abercrombie reports all due Wednesday

• Nvidia outlook in focus amid China concerns and AI demand

EARNINGS

Here’s what we’re watching this week:

• Today: Abercrombie & Fitch $ANF ( ▼ 5.99% ), Dick's Sporting Goods $DKS ( ▲ 1.19% ), Macy's $M ( ▼ 0.42% ) 

  • Nvidia $NVDA ( ▲ 3.77% ) - earnings of $.73 per share (+19.7% YoY) on $43.2B revenue (+66.2% YoY)

  • Salesforce $CRM ( ▼ 5.01% ) - earnings of $2.55 per share (+4.5% YoY) on $9.7B revenue (+6.6% YoY)

• Thursday: American Eagle $AEO ( ▲ 0.45% ), Gap $GAP ( ▼ 0.57% ), Kohl's $KSS ( ▼ 2.1% ), Ulta Beauty $ULTA ( ▲ 0.86% ) 

  • Costco $COST ( ▼ 0.35% ) - earnings of $4.24 per share (+12.2% YoY) on $63.1B revenue (+7.8% YoY)

See full calendar here »

SIGNAL | From Stansberry Research

Circle May 31 on Your Calendar

Love him or hate him... 

Elon Musk has changed the world, with PayPal, Tesla, and SpaceX. 

But even Elon says his latest project - which the Financial Times calls "an imminent revolution" - will be bigger than all of those combined. 

That's why I recently took a camera crew halfway across the country to investigate this story before it goes viral as soon as May 31. 

And what I found is shocking...

Go here to see it for yourself. 

Eric Wade
Senior Analyst, Stansberry Research

HEADLINES

Investors with $7 Trillion in Cash on the Sidelines Await Nvidia

US Will Receive 'Golden Share' in Nippon Steel Deal

• US stocks end sharply higher on Trump's tariff reprieve (more)

• US consumer confidence jumps most in four years on trade truce (more)

• 10-year Treasury yield ticks lower on U.S.-EU trade optimism (more)

• Durable goods orders declined 6.3% in April (more)

• Trump's tariff revenue topped $22 billion in May (more)

• EU plans to ‘fast track’ trade talks with US amid tariff fight (more)

• China auto market price war stokes fears of industry shake-out (more)

• Gold edges higher after loss with US data, trade talks in focus (more)

• Oil steadies as traders weigh supply outlook (more)

• Nippon expected to close acquisition of U.S. Steel at $55 per share (more)

• Stablecoin issuer Circle kicks off IPO, targeting a $6 billion valuation (more)

• JPMorgan Chase is heading upmarket to woo America’s millionaires (more)

• Elon Musk’s Neuralink raises fresh cash at $9B valuation (more)

DEALFLOW

M+A | Investments

• Salesforce strikes $8 billion deal for Informatica

• Eli Lilly to buy SiteOne for $1 billion with eye on non-opioid pain drug

• Motorola agrees to acquire Silvus for $4.4 billion

• Blackstone buys $5 billion in private equity stakes from New York pensions

• Thiel Fund invests $49M in Bulgarian satellite startup EnduroSat

• IgniteTech, an AI-first enterprise software company, acquired Khoros, a provider of customer engagement software

• Apryse, a company specializing in digital document processing technology, acquired TallComponents, a provider of PDF and document solutions

VC

• Pillar Biosciences, a decision medicine company, raised $34.5M in funding

• Pallet, the AI workforce for logistics, raised $27M in Series B funding

• Superblocks, a secure enterprise app development company, raised $23M in Series A funding

• Infinity Constellation, an AI-native holding company, raised $17M in funding

• Bespoken Spirits, an innovator in sustainable, precision-aged spirits, raised over $11M in Series C funding.

• Slikk, a 60-minute fashion delivery platform, raised $10M in Series A funding

• Traceloop, a company that monitors LLM applications in production, raised $6.1M in Seed funding

• Neuron Factory, an AI software startup focused on the construction industry, raised $6M in Seed funding

• Bito, an AI development platform, raised $5.7M in a Seed extension round

• Frinks AI, a vision AI platform for manufacturing, raised $5.4M in pre-Series A funding

• Clear Current, an AI platform for enterprise energy management, raised over $4M in Seed funding

CRYPTO

• Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts (more)

• Wall Street can’t beat Michael Saylor’s runaway Crypto Engine (more)

• Cantor’s $2 Billion Bitcoin-Backed Lending Arm Makes First Deals (more)

• Crypto kidnappings leave investors, executives on edge (more)

BULLISH BITES

📈 Tech millionaire makes stunning May 31 prediction. *  

💸 How the tax bill could change the way colleges operate.

😩 Temu's tariff pain.

🏚 This startup is offering mortgages for 401(k)s.

🇯🇵 The best hotels in Kyoto for every type of traveler.

DAILY SHARES

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