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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 49.18% for Wk of July 04 2024 (Last week: 41.74%)

Market Recap:

• Dow soared Friday +247.15 pts, driven by Home Depot (7.5%) and Caterpillar (1.4%).

• S&P 500 +0.55%, Nasdaq +0.63%.

• Investors rotated into industrials on hopes of Fed rate cut.

• Dow up 1.6% for the week after June CPI showed 0.1% decline.

EARNINGS

Here’s what we’re watching this week:

• Today: BlackRock (BLK), Goldman Sachs (GS)

• Tuesday: Bank of America (BAC), Morgan Stanley (MS)

• Wednesday: Discover Financial Services (DFS), United Airlines (UAL), US Bancorp (USB)

  • Johnson & Johnson (JNJ) - earnings of $2.50 per share (-2.3% YoY) on $20.6B revenue (-20.6% YoY)

• Thursday:

  • Netflix (NFLX) - earnings of $4.39 per share (+33.4% YoY) on $8.8B revenue (+7.6% YoY)

• Friday: American Express (AXP)

Full earnings calendar here.

HEADLINES

Trump Shooting Changes Biden’s Strategy to Revive 2024 Campaign

Trump Victory Trades to Swell After Shooting, Investors Say

• How traders are expected to react to Trump rally shooting (more)

• US futures steady as traders digest latest geopolitical shock (more)

• Global markets ramp up the ‘Trump trade’ after rally attack (more)

• US producer price data points to subsiding inflation pressures (more)

• Oil steadies with dollar strength in focus after Trump shooting (more)

• Yen’s woes seem too big for even a BOJ hike to solve (more)

• Elon Musk endorses Trump in presidential race, calls him "tough" (more)

• Jamie Dimon warns inflation and interest rates may stay higher (more)

• Goldman Sachs challenges result of Fed stress test (more)

• Wall Street banks see investment banking improvement, with some caution (more)

• Institutions snapping up Chinese treasury bonds are shorting the economy (more)

• Boeing begins 777-9 certification flight trials with US FAA (more)

• OpenAI whistleblowers ask SEC to investigate non-disclosure agreements (more)

We’ve called these
Silent Partners before

Weiss Ratings has called the Silent Partners of big tech companies before.

Like Microsoft for example …

We issued a “buy” call on Tyler Technologies, a vital Microsoft partner …

Before it exploded as high as 10,689% …

We did the same with Nvidia, another Microsoft partner …

It’s since soared as much as 21,106%.

Now, we’re doing it again with a new set of Nvidia’s own Silent Partners.

Join founder Martin Weiss to learn who they are.

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DEALFLOW

M+A | Investments

• Google nears $23B deal for cybersecurity firm Wiz (more)

• Business Insider owner Axel Springer said to weigh split (more)

• Bain Capital to buy financial software vendor Envestnet in $4.5B deal (more)

• KKR, Palm Capital buy Danish logistics property from Catena (more)

• Qingdao Port International to buy oil terminal assets for $1.30B (more)

• Formlabs, a company specializing in 3D printing, acquired Micronics, a 3D printing company (more)

• insightsoftware, a provider of reporting, analytics, and performance management solutions, acquired LeaseAcelerator, a provider of automated solutions for lease lifecycle management (more)

• Aprio, a business advisory and accounting firm, received a strategic growth investment from Charlesbank Capital Partners (more)

VC

• Earned Wealth, a tech-enabled financial services firm focused for medical professionals, raised $200M in funding (more)

• F1 Arcade, an F1® experiential hospitality brand, raised $130M in growth funding (more)

• InvestBev, a PE firm specializing in venture and growth investments in the adult beverage industry, received $50M facility from Victory Park Capital (more)

CRYPTO

• Bitcoin hits $60,000 as Trump shooting boosts re-election odds (more)

• Trump's odds of victory hit all-time high on polymarket after shooting (more)

• SEC drops 3-year investigation into Stacks developer Hiro Systems (more)

Friday’s poll: Should Biden drop out of the Presidential race?

🟩🟩🟩🟩🟩🟩 👍 YES (79%)

🟨🟨⬜️⬜️⬜️⬜️ 👎 NO (32%)

Your two cents:

• L.G: “I appreciate what he has done and I will still vote for him. But I fear that those on the fence or who do not track politics closely will only see who he presented at the debate. He needs to set his pride aside for the betterment of the nation.”

• J: “I want him to stay in so Trump has a better chance of winning”

• H: “Past performance does not guarantee future performance when age is an issue. Take it from me. I am a democrat and 92 years of age.”

• C.W: “President Biden needs to step aside, as does Trump, and make way for younger, better qualified people to run our country. ”

BULLISH BITES

🚀 Trending: Trump shooting conspiracies trend on X.

🚨  Investor Alert: Big Tech is spending billions each month on Nvidia’s AI superproject *

👀 Market Test: Five themes for traders to watch as earnings season kicks off

🔥 Hot List: Here’s the full list of 28 AI startups that have raised $100M or more in 2024.

🏚 Cheat Sheet: The housing market, explained in 6 charts.

DAILY SHARE

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