Most bullish forecast yet

Investor reaction to South Korea’s crisis, Celsius founder pleads guilty in fraud case, Cyber Monday was the biggest online shopping day ever, Intel looks outside of company for new CEO, and Larry Fink is making a new generation of billionaires (richer than him)...

 

Good morning.

The Fast Five Investor reaction to South Korea’s crisis, Celsius founder pleads guilty in fraud case, Cyber Monday was the biggest online shopping day ever, Intel looks outside of company for new CEO, and Larry Fink is making a new generation of billionaires (richer than him)…

Man Who Called Nvidia at $1.10 Says Buy This Now...

  • This company signed a major deal with Apple

  • Nvidia and Google are invested in this company

  • And its tech is found in products from Samsung and Google

Calendar: (all times ET) - Full calendar

  • Today:
    Factory orders, 10:00 am
    Fed Chair Powell speaks, 1:40 pm
    Beige book, 2:00 pm

  • Tomorrow:
    Initial jobless claims, 8:30 am
    US trade deficit, 8:30 am

Your 5-minute briefing for Wednesday, December 4:

BEFORE THE OPEN

As of market close 12/3/2024.

Pre-Market:

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

Previous week: 49.84%. Updates every Friday. (*one week delayed due to Thanksgiving)

Market Wrap:

  • Futures flat: S&P +0.1%, Nasdaq 0.2%, Dow +86 points (0.2%)

  • S&P, Nasdaq hit records Tuesday; Dow down 0.2%

  • December rally likely, says LPL Financial, citing strong seasonal trends

  • Job openings hit 7.74M in Oct., beating forecasts; Nov. payrolls due Friday

  • Fed Chair Powell speaks in NY this afternoon

EARNINGS

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

  • Today: 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

Wells Fargo sees the S&P 500 reaching 7,007 by the end of 2025 as a strong economy and a Fed cutting cycle help boost stocks.

Celsius collapsed months before FTX amid crypto turmoil. Mashinsky tells judge that ‘I knew what I did was wrong’.

  • Investor reaction to South Korea crisis (live updates)

  • S&P ends flat, Nasdaq gains as investors await more data (more)

  • US labor market steadily cooling amid higher job openings, low layoffs (more)

  • Thanksgiving weekend records 197 million shoppers, retail body says (more)

    • Cyber Monday was the biggest US online shopping day ever (more)

  • Oil holds hefty advance on OPEC+ deal progress (more)

  • Asian stocks slip, rattled by South Korean political unrest (more)

  • China announces ban on rare minerals to the US (more)

  • Donald Trump Jr. joins PSQ Holdings’ board, shares skyrocket 270% (more)

  • Okta shares pop 18% on earnings beat (more)

  • Intel looks outside of company for new CEO (more)

  • OpenAI hires first marketing chief from Coinbase (more)

  • Elon's net worth balloons despite court rejecting Tesla pay package (more)

  • Amazon announces new slate of AI models (more)

  • Frontier to install first-class seats as industry battles for high-paying flyers’ (more)

PRESENTED BY WIDE MOAT RESEARCH

A Huge Crack is Forming in the US Economy

I'm a former advisor to President Donald Trump, and I've uncovered alarming information that could impact your financial security over the next few months. 

These new stock market highs are built on shaky foundations. 

A huge crack is forming in the American economy. The elites know all about it, but most ordinary citizens have no idea. 

But I'm coming forward for the first time because this is too important. Everything you've worked so hard for could be at risk. 

I can't sit back and allow hard-working Americans to be financially battered, while the elites make more and more money yet again. 

So what's going on? 

And how could it impact your life, and the lives of your children and grandchildren over the next few months?

I'll reveal everything you need to know to protect yourself during this crisis and maybe even come out wealthier on the other side.

Regards,
Brad Thomas, Former Trump Advisor

- sponsored message -

DEALFLOW

M+A | Investments

  • BlackRock expands in private credit, buying HPS Investment for $12 bln (more)

  • TPG explores $1.5 billion+ sale of gym chain Crunch Fitness (more)

  • Rio sells copper mine stake to Sumitomo for $399M (more)

  • Carlsberg announces sale of Russia assets, ending legal spat (more)

  • EPAM Systems (EPAM), a digital services and product engineering company, acquired First Derivative, a managed services provider for the capital markets industry (more)

  • Apollo’s Novolex explores offer for Pactiv Evergreen (more)

  • Miner RG Gold considers stake sale to fund growth (more)

  • UHY, an accounting, tax, consulting and advisory services firm, received a Growth investment from Summit Partners (more)

VC

  • Maze Therapeutics, a clinical-stage biopharmacompany leveraging human genetics to develop precision medicines, closed a $115M Series D financing (more)

  • ConnectDER, a company specializing in resilient home energy tech, raised an undisclosed amount in Series D funding (more)

  • CoachHub, a global digital coaching platform, received a $40M growth financing facility (more)

  • Yurts, a company providing GenAI integration at scale for defense, government, and enterprise customers, raised $40M in Series B funding (more)

  • DPL Financial Partners, a platform for commission-free annuities, received $23M in equity funding (more)

  • Fello, a support platform for loneliness, raised $10.4M in funding (more)

  • MakersHub, an accounts payable platform for businesses and their accounting partners, raised $7M in additional Seed funding (more)

  • StretchDollar, a startup dedicated to simplifying health benefits for small businesses, closed a series of seed rounds totaling $6M of funding (more)

  • Nurture Boss, a company providing an advanced AI solution for the multifamily housing sector, raised $4M in Series A funding (more)

  • TRIO Pharmaceuticals, a biotech company pioneering bispecific antibodies for the treatment of cancer, raised $3.1M in funding (more)

  • WeatherFlow-Tempest, a weather technology and environmental monitoring solutions company, raised $3M in Growth funding (more)

CRYPTO

  • Crypto markets claw back as South Korea reverses martial law (more)

  • Grayscale files to convert Solana Trust into ETF (more)

  • XRP returns to 3rd-largest crypto after 4-year battle with SEC (more)

BULLISH BITES

🚨 Goldman Sachs: 300 Million people are at risk *

💰 Next Level: Larry Fink is making a new generation of billionaires richer than him.

🔎 Inside Look: What happened to Intel?

😬  Tone Deaf: Jaguar reveals first concept car after controversial rebrand.

🎁  Gift Idea: The ‘Corporate Nonsense Generator’.

DAILY SHARES

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