Major turnover

Trudeau forced out, the Fed’s top cop resigns, UFC’s Dana White joins Meta’s board, Trump aides ready ‘universal’ tariff plans, and Nvidia CEO unveils more powerful graphics cards at CES event...

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Market Briefing
January 07, 2025

In partnership with

Good morning.

The Fast Five → Trudeau forced out, the Fed’s top cop resigns, UFC’s Dana White joins Meta’s board, Trump aides ready ‘universal’ tariff plans, and Nvidia CEO unveils more powerful graphics cards at CES event…

"Whether you love or loathe Trump, I urge you to put your personal views aside because this is not about politics… It's about money.

And how you can capitalize on what’s being called “an economic explosion”, a “sonic boom”, and the obscure, little-known companies we believe could 5x, even 10x, under Trump’s second term…

To get the names of these investments, watch my latest video now." (ad)

Enjoy,
Porter Stansberry, Porter & Co.

Calendar: (all times ET) - Full calendar

  • Today:
    US trade deficit, 8:30A
    Job openings, 10:00A

  • Tomorrow:
    Minutes of Fed Dec. FOMC meeting, 2:00P
    Consumer credit, 3:00P

Your 5-minute briefing for Tuesday, January 7:

BEFORE THE OPEN

As of market close 1/6/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 35.44% for Week of January 02 2025

Previous week: 40.71%. Updates every Friday.

Market Wrap:

  • Futures flat as S&P and Nasdaq log a second winning day.

  • Dow futures slipped 35 points; Nasdaq futures up less than 0.1%.

  • Ulta rose 1% post-hours on CEO change and guidance hike.

  • Chip stocks led Monday's gains; Nvidia hit a record.

  • Key jobs data ahead: JOLTS Tuesday, payrolls Friday.

EARNINGS

Light week - here’s what we’re watching:

  • Friday: Constellation Brands (STZ)

    • Delta Air Lines (DAL) - earnings of $1.74 per share (+35.9% YoY) on $14.7 billion revenue (+3% YoY)

    • Walgreens (WBA) - earnings of $.40 per share (-39.4% YoY) on $37.4 billion revenue (+1.8% YoY)

HEADLINES

Michelle Bowman, often a critic on the Fed board, could be named as successor to the vice chair of supervision seat, several sources confirmed.

Mr. White, a close ally of President-elect Donald J. Trump, further strengthens the social media giant’s connections with the incoming administration.

  • Trudeau Resigns as liberals force him out (more)

  • S&P 500, Nasdaq end higher, driven by tech stocks (more)

  • Trump aides ready ‘universal’ tariff plans — with one key change (more)

  • Wall Street bond bear sees US 10-Year yield topping 5% (more)

  • Dollar trades near one-week low as market ponders Trump tariffs (more)

  • Oil prices extend losses, firmer dollar and supply outlook weigh (more)

  • Asia shares rise on prospect of softer Trump tariffs (more)

  • U.S. Steel, Nippon sue Biden admin over decision to block merger (more)

  • Nvidia CEO unveils more powerful graphics cards at CES event (more)

  • Fubo skyrockets 250% after Disney deal to combine with Hulu+ Live TV (more)

  • New ETFs that combine bitcoin exposure and options are coming in 2025 (more)

  • Bridgewater cuts 7% of staff in effort to remain ‘nimble’ (more)

  • Toyota invests in Japanese rocket startup (more)

IN PARTNERSHIP WITH WALLSTREET PREP

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  • Learn from the top Value Investors on Wall Street

  • Strengthen your network through invitation-only LinkedIn groups

  • Save $200 off tuition by enrolling before January 13th

DEALFLOW

M+A | Investments

  • Disney to merge Hulu + Live into FuboTV, settle Venu suit (more)

  • Apollo, BC Partners near deal for $5.6B GFL environmental services unit (more)

  • Advent reaches deal for Duke’s Mayo owner Sauer Brands (more)

  • Japan’s SBI said to agree to take majority stake in Solaris (more)

  • IQ Fiber, a fiber-optic internet service, acquired ThinkBig Networks, LLC, a fiber-optic internet service provider (more)

  • Veracode, a company specializing in application risk management, acquired Phylum, a malicious package detection and mitigation tech company (more)

  • Eltropy, an AI-powered unified conversations platform for community financial institutions, acquires Lexop, a collections technology provider (more)

  • BountyBay, a PayFi infrastructure and decentralized P2P trading platform, received an investment from Animoca Brands (more)

  • Catalyst Global Financial Group, an international financial services and technology firm, received an investment from Aquiline (more)

  • RetailNext, a company specializing in smart store analytics for optimizing store experiences, received a growth investment from Battery Ventures (more)

VC

  • PBS Biotech, a provider of single-use bioreactor systems and bioprocess development services, raised $17M in Growth funding (more)

  • General Proximity, a biotech platform company, raised $16M in funding (more)

  • Aptitude Medical Systems, a multiple conditions testing solutions company, raised $10M+ from the Bill & Melinda Gates Foundation (more)

  • RoboForce, a "Robo-Labor" provider, raised $10M in early-stage funding (more)

CRYPTO

  • MicroStrategy continues Bitcoin buying spree with another $101 million (more)

  • Cryptocurrencies rise to start the week, bitcoin jumps above $102,000 (more)

  • Trudeau's departure in Canada opens possibilities for crypto (more)

BULLISH BITES

📈 Secret Stocks: What Trump told me at Mar-a-Lago  *

🤖 CES 2025: All the news, gadgets, and surprises.

💙 Musk & Milei: How an international bromance could shape Trump-era spending cuts.

🏚 Control: The quagmire that is Fannie Mae and Freddie Mac.

🚖 Disruption: How Uber and Lyft are gearing up for the robotaxi revolution.

DAILY SHARES

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