Good morning.
The Fast Five → Elon Musk’s SpaceX acquires xAI ahead of mega IPO, Trump cuts India tariffs in deal, stocks jump to kick off February, Strategy is unraveling, and gold and silver rebound after historic wipeout…
📌 IPO of the Decade? How to claim your stake in SpaceX with $500 » (ad)
Calendar: Full Calendar »
Today:
JOLTS Job Openings, 10:00A
Tomorrow:
Non-Farm Employment, 8:15A
ISM Services PMI, 10:00A
Your 5-minute briefing for Tuesday, Feb 3:
BEFORE THE OPEN
As of market close 2/2/2026.
Pre-Market:
US Investor % Bullish Sentiment:
↓ 44.40% for Week of JAN 29 2026
Previous week: 49.50%
Market Wrap:
Futures rose S&P +0.2%, Nasdaq +0.4%, Dow +11
Monday rallied Dow +515, S&P +0.5%, Nasdaq +0.6%
Palantir +6% and Teradyne +20% after strong outlooks
Nvidia fell 3% as OpenAI investment plans faced doubts
Bitcoin hit its lowest since April and metals stayed weak
This week has 100+ S&P earnings with AMD, Pfizer, Amazon, Alphabet
EARNINGS
Here’s what we’re watching this week:
Today: Chipotle CMG, *PayPal $PYPL ( ▼ 20.31% ), *PepsiCo $PEP ( ▲ 4.93% ), *Pfizer $PFE ( ▼ 3.34% )
WED: *AbbVie $ABBV ( ▲ 0.01% ), *Eli Lilly $LLY ( ▼ 3.9% ), *Uber $UBER ( ▼ 3.6% ), *Yum! Brands $YUM ( ▲ 1.65% )
Alphabet $GOOGL ( ▼ 1.16% ) - $2.64 eps (+22.8% YoY) on $111.5B revenue (+15.5% YoY)
THU: *Estee Lauder $EL ( ▼ 2.1% ), *KKR $KKR ( ▼ 9.69% ), *Peloton $PTON ( ▼ 0.69% ), *Roblox $RBLX ( ▼ 3.08% ), Strategy $MSTR ( ▼ 4.56% ), *Tapestry $TPR ( ▼ 2.04% )
Amazon $AMZN ( ▼ 1.79% ) - eps of $1.95 (+4.8% YoY) on $211.2B revenue (+12.5% YoY)
Elon Musk's New Device Could Launch Biggest IPO of the Decade
Many folks who’ve used it are raving online, calling it…
“A game-changer”... an “amazing product”... and “amazing technology.”
Even the White House installed this tech recently.
Legendary tech investor Jeff Brown predicts this technology is going to help Elon build his next trillion-dollar business…
Launch the biggest IPO of the decade... and make a lot of people rich in the process.
- a sponsored message from Brownstone Research -
HEADLINES
SpaceX has acquired Elon Musk’s artificial intelligence startup, xAI, creating the world’s most valuable private company, the spaceflight company announced Monday.
Trump said he would roll back punitive tariffs on India in return for an agreement that PM Modi would stop buying Russian oil, easing months of tension between the two countries.
Stocks jump to kick off February (more)
Commodity markets face fresh volatility (more)
Friday’s jobs report delayed due to partial government shutdown (more)
Gold and silver rebound after historic wipeout (more)
Metals traders lose at least $144M as ‘hat’ flees China (more)
Oil plunges as Iran risks ease and commodities selloff deepens (more)
The first big oil and gas deal of 2026 just happened (more)
Disney beats Wall Street expectations (more)
Palantir jumps after stronger-than-expected sales outlook (more)
Tesla, US automakers under threat by Chinese joint ventures (more)
The crypto-hoarding Strategy is unraveling (more)
Vanguard drops average fee to just 0.06% with latest cuts (more)
OpenAI launches Codex app to gain ground in AI coding race (more)
Anthropic joins the AI rush into Formula 1 (more)
DEALFLOW
M+A | Investments
SpaceX acquires xAI as Musk looks to unify AI and space ambitions
ESAB to acquire Eddyfi Technologies for $1.45B
Arcesium acquires Limina
Devon, Coterra will merge to create $58B US shale giant
Knexus receives majority investment from DC Capital Partners
The Forge Companies receives investment from TA Associates
Epikast receives investment from Kos
MCCi receives investment from Incline Equity Partners
VC
Waymo valued at $126B in latest $16B funding round
VulcanForms, an integrated digital metal manufacturing platform, raised $220M in new funding
Varo Bank, an all-digital nationally chartered bank in the US, raised $123.9M in Series G funding
Fieldguide, an agentic AI-native platform for audit and advisory, raised $75M in Series C funding
GrubMarket, an AI-powered tech enabler for the American food supply chain industry, raised $50M in Series H funding
Poetiq, an AI system for LLMs optimization, raised $45.8M in Seed funding
Prometheum, a digital assets market infrastructure, raised add’l $23M in funding
Linq, a communication layer for AI agents, raised $20M in Series A funding
Plug, a marketplace built for buying and selling electric vehicles, raised $20M in Series A funding
Prenosis, a biology-based tech company for integrated diagnostics and therapeutics, raised $20M in Series A funding
PranaX Corporation, a biotech company focused on regenerative biologics, raised $17M in Series A funding
Loop AI, an enterprise AI platform for the restaurant and retail back office, raised $14M in Series A funding
When, a workforce transitions platform, raised $10.2M in Series A funding
Breezy, an AI OS built for residential real estate professionals, raised $10M in Pre-Seed funding
CloudForge, an AI sales and procurement platform, raised $3.95M in funding
Branded Realities Inc., a developer of AR and AI fan engagement experiences, raised $1.6M in Seed funding
BizTrip AI, an AI-powered travel management technology, raised $1.5M in Pre-Seed funding
Zettabyte, a developer of AI computing and GPU infrastructure software, raised funding of undisclosed amount
CRYPTO
BULLISH BITES
🤡 Want to feel dumb? Try picking stocks.
📉 Why even a hint of ‘Sell America’ rattles global markets.
🤠 AI comes to rodeo, setting up a cowboy culture clash.
🥜 '“Peanut Butter Raises” are on the rise.
DAILY SHARES
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