BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 41.29% for Week of November 21 2024*

Market Wrap:

• Futures flat after S&P’s record close.

• S&P +0.4%, Nasdaq +0.3% hit records; Dow -0.3% briefly topped 45,000.

• Key data: October job openings (today); Nov. payrolls (Fri).

• Fed watch: 75% chance of Dec. rate cut; meeting set for Dec. 17-18.

EARNINGS

Here’s what we’re watching today. Full calendar »

• Today: 

  • Salesforce (CRM) - earnings of $2.45 per share (16.1% YoY) on $9.4B revenue (+7.2% YoY)

• Wednesday: American Eagle (AEO), Campbell's (CPB), ChargePoint (CHPT), Chewy (CHWY), Dollar Tree (DLTR)

• Thursday: DocuSign (DOCU), Hewlett Packard (HPE), Lululemon (LULU)

  • Ulta (ULTA) - earnings of $4.51 per share (-11% YoY) on $2.5B revenue (+0.2% YoY)

HEADLINES

Fed’s Waller Says He’s Leaning Toward Rate Cut in December

Enron Announces Return in Elaborate Prank by New Owner

• S&P 500, Nasdaq finish higher with tech-related shares (more)

• Markets getting comfortable again with the idea of a Dec. rate cut (more)

• Leveraged loan market’s $56B day smashes record (more)

• Oil prices little changed ahead of OPEC+ meeting (more)

• Dollar rides high on flagging euro and yuan (more)

• US targets China's chip industry with new restrictions (more)

• Trump vows to "block" Japanese firm's takeover of US Steel (more)

• Jeff Bezos backs AI chipmaker Tenstorrent (more)

• Intel CEO forced out by board frustrated with slow progress (more)

• PG&E shares fall after launching $2.4 billion equity capital raise (more)

• Tesla’s stock surges after new street-high target (more)

• Super Micro pops 30% after probe finds no ‘evidence of misconduct’ (more)

• Judge rejects Musk's $56 billion Tesla pay - again (more)

• Global auto industry in turmoil as prospect of US tariffs looms (more)

• Cargill to cut thousands of jobs globally as profits shrink (more)

• Art Cashin, NYSE fixture for decades, dies at age 83 (more)

SUPPORTED BY BULLSEYE TRADES

DEALFLOW

M+A | Investments

• GM to sell stake in battery cell plant to joint venture partner for $1 bln (more)

• Britain's Supreme buys Typhoo Tea out of administration (more)

• Compass to buy Christie’s property business in $444M deal (more)

• EQT and GIC to acquire majority stake in Calisen from consortium of investors (more)

• Peak Technology, a prototyping and manufacturing solutions provider to tech industries, acquired Type A Machines, an IP and assets of former 3D printer company (more)

• Turin Space, a non-earth imaging, space debris removal, and satellite servicing company, received a strategic investment from Veteran Ventures Capital (more)

• Inhabit, a company specializing in property management software solutions, received an investment from Blackstone Tactical Opportunities with an additional investment from Greater Sum Ventures (more)

VC

• Tenstorrent, a computing company that builds computers for AI, raised $693M+ in Series D funding (more)

• Lumin Digital, a cloud-native digital banking provider, raised $160M in growth funding (more)

• Public, a multi-asset investing company, raised $135M in Series D-2 funding (more)

• Upwind, a cloud security provider, raised $100M in Series A funding (more)

• Ossio, a medical device company, raised $27.6M in equity funding (more)

• Vooma, an AI platform designed for freight brokers and carriers of all sizes, raised over $16M in Seed funding (more)

• AdvantageClub.ai, a company specializing in employee engagement solutions, raised $4M in funding (more)

• Polar Beer Taps, an ice-cold beer company, raised $2.7M in funding (more)

CRYPTO

• Bitcoin’s push toward $100,000 runs into a wall of resistance (more)

• Coinbase policy chief expects speedy approval of crypto laws following Trump’s victory (more)

• Polymarket retains loyal user base a month after election, data shows (more)

BULLISH BITES

🚨 Investor Alert: Why do so many billionaire investors seem scared of this bull run? *

🏆 Leaderboard: The Robin Hood Foundation, a charitable org committed to alleviating poverty in NYC, has enlisted the boldest names in finance in a stock-picking contest.

🤝 New Beginnings? Zuckerberg met with Trump at Mar-a-Lago in an attempt to align Meta with the new administration.

🦄  Inside Look: Only 15% of unicorn startups were profitable last year, even though most of these companies were more than 15 years old.

🤑 The Buzz: Eight things "the rich" are putting in their homes right now.

DAILY SHARES

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