DOGE stimulus checks?

Microsoft reveals its first quantum computing chip, MAGA adviser proposing a ‘DOGE dividend’, Trump backs $4.5 trillion tax cut, Trump enthusiasm matches GameStop mania, and Apple reveals its budget AI iPhone...

Good morning.

The Fast FiveMicrosoft reveals its first quantum computing chip, MAGA adviser proposing a ‘DOGE dividend’, Trump backs $4.5 trillion tax cut, Trump enthusiasm matches GameStop mania, and Apple reveals its budget AI iPhone

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A

  • Tomorrow:
    Consumer sentiment, 10:00A
    Existing home sales, 10:00A

Your 5-minute briefing for Thursday, February 20:

BEFORE THE OPEN

As of market close 2/19/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 28.42% for Week of February 13 2025

Previous week: 33.33%. Updates every Friday.

Market Wrap:

  • S&P futures dip after record close, Nasdaq and Dow also lower.

  • Stocks shrugged off Trump’s tariff warning, posting gains Wednesday.

  • JPMorgan’s Ausenbaugh sees more market upside in 2025.

  • Fed minutes: No rate cuts until inflation drops further.

  • Weekly jobless claims, Walmart and Alibaba earnings ahead.

EARNINGS

Here’s what we’re watching this week:

HEADLINES

Built with a breakthrough class of materials called a topoconductor, Majorana 1 marks a transformative leap toward practical quantum computing.

James Fishback, who launched an anti-woke fund an has been advising DOGE, wants to send its savings back to Americans.

  • S&P 500 edges to record closing high as Fed minutes parsed (more)

  • Fed minutes show inflation concern with Trump immigration, trade policies (more)

  • Trump backs $4.5 trillion tax cut in House GOP budget plan (more)

  • Gold eases as dollar holds ground, focus on tariffs (more)

  • Oil prices ease after report of US crude inventories rise (more)

  • EU trade chief ready to discuss trade deals, lower tariffs with Trump (more)

  • Trump enthusiasm matches GameStop mania as small investors flood market in record numbers (more)

  • Palantir plunges after CEO changes share sales plan, Pentagon budget cut report (more)

  • Berkshire Hathaway sells another 750,000 DaVita shares (more)

  • Apple reveals its version of budget AI: the $599 iPhone 16e (more)

  • UnitedHealthcare offering buyouts to employees in benefits unit, could pursue layoffs (more)

  • Forever 21 is in talks with liquidators, struggling to find a buyer (more)

  • Ackman says his plans for Howard Hughes won't impact how his portfolios invest (more)

A MESSAGE FROM CHAIKIN ANALYTICS

50-year Wall Street Legend: The Month Stocks Likely Crash

Legendary quant analyst Marc Chaikin says in 50 years on Wall Street, one stock cycle indicator worked better than anything else.

It's been studied by Schwab, T.Rowe, Goldman, and more. And now Chaikin is sounding the alarm because this cycle indicator is pointing to March 2026 for the next big crash.

DEALFLOW

M+A | Investments

  • Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105M (more)

  • Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project (more)

  • Canadian Tire to sell Helly Hansen business to Kontoor Brands for $901M (more)

  • KKR offers UK's Thames Water $5 billion for majority stake (more)

VC

  • Saronic Technologies, developer of a shipyard designed to build autonomous ships for the hybrid fleet, raised $600M in Series C funding (more)

  • Verkada, a cloud-based physical security tech provider, raised $200M in Series E funding (more)

  • VitalConnect, a biosensor tech company, raised $100M in funding (more)

  • erra CO2, a low-carbon building materials company, raised $82M in Series B funding (more)

  • Baseten, an inference platform for AI-native products, raised $75M in Series C funding (more)

  • Avanzar, a platform for federated network for medical imaging raised $75.5M in funding (more)

  • Frontera Health, a company advancing health equity through AI-enabled autism care, raised $32M in Seed funding (more)

  • AheadComputing, a company developing microprocessor cores and related technologies, raised $21.5M in seed funding (more)

  • Guidde, an AI-powered video documentation company, raised $15M in Series A funding (more)

  • Gomboc AI, a deterministic AI solution for cloud security remediations, raised $13M in Seed funding (more)

  • Posterity Health, a male reproductive and hormonal health company, raised $13M in Series A funding (more)

  • Ignis H2 Energy, a geothermal exploration and development startup, raised $12.5M in Series A funding (more)

  • Sawmills, a smart telemetry data management platform, raised $10M in Seed funding (more)

  • ElectronX, an energy exchange to accelerate the grid transition to renewable sources, raised $10M in strategic funding (more)

  • EnPlusOne Biosciences, a biotech company empowering enzymes to deliver better RNA at scale, raised $10M in funding (more)

  • Singulr AI, an AI governance and security platform, raised $10M in Seed funding (more)

  • Fluent Labs, a blended execution network, raised $8M in funding (more)

  • Mavvrik, a platform for IT financial control, raised $6.2M in Seed funding (more)

  • Valid, an AI-enabled ad agency, raised $5.5M in Seed funding (more)

  • AiDEN Auto, a privacy-first connected vehicle technology company, raised $4.2M in Seed funding (more)

  • Riley, a parenting platform, raised $3.1M in Seed (more)

  • Digit, a B2B SaaS company improving cloud inventory and manufacturing for small manufacturers, raised $2.5M in funding (more)

  • Esperto Medical, a healthtech startup specializing in critical care and remote patient monitoring, raised an undisclosed amount in Series A Funding (more)

CRYPTO

  • Bitcoin bounces back to around $96,000, and XRP jumps 6% (more)

  • Michael Saylor’s big bet on Bitcoin is inspiring copycat CEOs (more)

  • Crypto heavyweight Coinbase releases US legislative wishlist (more)

BULLISH BITES

🛒 Walmart is getting a bump from a surprising cohort: wealthier shoppers.

The 45 companies on the MAGA anti-DEI hit list.

❤️ As Melania Trump returns to the White House, she’s winning Chinese fans.

💰 Hermes in ‘league of their own’ as family gets $5 billion payout

DAILY SHARES

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