BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 39.49% for Week of October 31 2024

Market Wrap:

• Stock futures flat on the eve of US presidential election.

• Palantir +13% on strong results; NXP Semiconductors falls on weak outlook.

• Yesterday: Dow -250 pts (0.6%); S&P, Nasdaq down ~0.3%.

• Tight Trump vs. Harris race; Congress control in focus.

• Expect choppy trading; post-election dips common, gains often follow.

• Fed rate decision Thursday; 98% chance of quarter-point cut.

EARNINGS

Here’s what we’re watching this week.

• Today: DuPont (DD), Yum! Brands (YUM), Super Micro Computer (SMCI)

• Wednesday: CVS (CVS), Duolingo (DUOL), Klaviyo (KVYO), Shopify (SHOP)

  • Arm (ARM) - earnings of $.24 per share (-33% YoY) on revenue of $799M (-0.9% YoY)

• Thursday: Airbnb (ABNB), Capri (CPRI), Hershey (HSY), Moderna (MRNA), Tapestry (TPR)

  • DraftKings (DKNG) - expect loss of $.42 per share on $1.1 bln (+39.2% YoY)

See full calendar here.

A MESSAGE FROM STANSBERRY RESEARCH

Massive gold buying could send gold even higher

A strange thing is happening with gold:

BRICS+ nations are frantically buying gold... while big investment banks are short-selling it.

To most Americans, this might not seem like a big deal...

But those who understand the way markets work understand why this is such a big deal. (Here's what it really means.)

So it's no wonder many Wall Street firms believe gold is set for a "breakout rally" in the coming months.

And other analysts believe gold could soon hit $5,000.

But the best way to cash in on this gold frenzy is likely NOT what you think.

This virtually unknown gold strategy has a history of returning 38% per year for nearly 2 decades.

Even during the Great Recession... when the stock market lost 37% in 2008, this approach gained more than 50% -- despite the fact that gold bullion barely moved.

Best of all, you can get into this strategy for just $6.

A.J. Wiederman
Senior Staff, Stansberry Research

HEADLINES

What the Stock Market Typically Does After the Election, According to History

Palantir Reports Record Profit, Cites ‘Unwavering’ AI Demand

• Investors from stocks to crypto brace for US election swings (more)

• Worries of ‘bond vigilantes’ and inflation hit markets as election winds down (more)

• For dealmakers, regulatory chaos would undercut Trump's pro-business tilt (more)

• Equity funds record biggest weekly outflow in five weeks (more)

• Dollar droops on election day after 'Trump trade' unwind (more)

• Oil trades in tight range ahead of US election (more)

• Asian stocks slip with US vote on knife’s edge (more)

• Boeing workers vote on wage deal that could end strike (more)

• Bezos, OpenAI invest in robot startup Physical Intelligence at $2.4B valuation (more)

• Apple explores smart glasses push with ‘Atlas’ user study (more)

• Hedge fund basis trade faces fresh scrutiny as regulators mull probe (more)

• Wamco key bond fund falls below $10 bln as clients flee (more)

• China gives Morgan Stanley approval to launch local futures unit (more)

DEALFLOW

M+A | Investments

• Silver Lake, Bain prepare to bid for multi-billion stake in Intel's Altera unit (more)

• Anglo to sell 33% stake in Australian steelmaking coal assets for $1.1 billion (more)

• Epam Systems, a digital product engineering company, acquired Neoris, a global tech consultancy with approx 4,800 pro’s across major talent hubs (more)

• The Access Group, business mgmt software to mid-market organizations, acquired Paytronix, a provider of guest engagement solutions for restaurants and convenience stores (more)

• SingleOps, arbor and landscape business software, merged with Landscape Management Network, landscape business software and crew training (more)

• eRESI Capital, a mortgage funding platform received an investment from KKR (more)

• Augment, an AI coding assistance startup, received an investment from Evolution Equity Partners (more)

VC

• BETA Technologies, an electric aviation company, raised more than $300M in Equity funding (more)

• Melio, an accounts payable and receivable platform for SMB’s, raised $150M in Series E funding, at $2 bln valuation (more)

• Cintoo, cloud-based reality data management and collaboration solutions, raised €37M in Series B funding (more)

• Transaera, a tech company providing an energy-efficient approach to cooling and dehumidification, raised $10.5M in funding (more)

• IOTA Software, industrial and business data visualization software, raised $10.4M in Series A2 funding (more)

• Algebrik AI, a cloud-native and AI-powered digital era loan origination platform, raised $4M in Series A funding (more)

• Advex, a startup providing AI Vision solutions for manufacturing, raised $3.5M in Seed funding (more)

• Puloli, a IoT solutions provider specializing in affordable methane monitoring at scale, raised its second funding (more)

CRYPTO

• US election speculators play the prediction markets (more)

• Coinbase, a16z and others pour more than $78M into pro-crypto PAC for 2026 election (more)

• Crypto firms including Robinhood, Kraken launch global stablecoin network (more)

BULLISH BITES

🇺🇸 All In: Joe Rogan endorses Trump on eve of Election Day.

🚨 Gold Alert: Strange new catalyst for gold ($5,000 possible?) *

⚠️ Prepping for Conflict: World War III has already begun, Jamie Dimon warns.

🤖 Pursuits: ChatGPT Search is not OpenAI’s ‘Google killer’ (yet).

🦃 Survey Says: Most people prefer this Thanksgiving food over turkey.

DAILY SHARES

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