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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
40.82% for Wk of May 09 2024 (Last week: 38.49%)

Market Recap:

• Stock futures steady on Sunday, eyes on inflation data

• S&P futures down 0.1%, Nasdaq 100 flat, Dow slips 0.09%

• Dow enjoyed 8 consecutive wins last week, best of the year

• Investors watch April's CPI report for Fed policy clues

• Hopeful Fed keeps rate hikes at bay despite inflation

• Strong Q1 earnings season bolsters market resilience

EARNINGS

What we’re watching this week:

• Tuesday: Alibaba (BABA)

  • Home Depot (HD) - earnings of $3.82 EPS on $36.7B revenue (-1.6% YoY)

• Wednesday: Monday.com (MNDY)

  • Cisco Systems (CSCO) - earnings of $.77 (-23% YoY) on $11.6B (-20.5% YoY)

• Thursday: Deere (DE)

  • Walmart (WMT) - earnings of $.53 on $159.4B (+4.7% YoY)

Full earnings calendar here

HEADLINES

Crypto is Trump’s New Weapon Against Biden

Apple's Maryland Store Workers Vote to Authorize Strike

• Market’s near-record rally faces most crucial inflation reading of 2024 (more)

  • The April CPI report may shock the market and the Fed (more)

• $600B wall of debt looms over market’s riskiest stocks (more)

• Currency market calm as inflation data holds focus this week (more)

• China kicks off ultra-long debt sale in bid to boost economy (more)

• Americans racking up ‘phantom debt’ Wall Street can’t track (more)

• US judge halts rule capping credit card late fees at $8 (more)

• OpenAI to announce Google search competitor today (more)

• After layoffs, Tesla to spend $500M on charging network (more)

• Big short trader warns Tesla vulnerable to 70% drop (more)

• Rivian, Lucid, other EV startups scramble to shore up cash and reassure Wall Street (more)

• Arm Holdings plans to launch AI chips in 2025 (more)

• Shein steps up London IPO prep amid US hurdles to listing (more)

• Financiers fret over 'leverage on leverage' in private credit (more)

• Musk's Starlink satellites disrupted by major solar storm (more)

PRESENTED BY BULLSEYE TRADES

DEALFLOW

M+A | Investments

• Schumer urges FTC to hit the brakes on $53B Chevron-Hess merger (more)

• Pfizer and AstraZeneca announce new investments of nearly $1B in France (more)

• Cocoa supplier Natra in talks to buy chocolate duo Gubor, Nutkao (more)

• PAI moves to delay exit from $10B Nestle Ice Cream JV (more)

• Brightstar purchases AGS for $1.1B (more)

• AI Squared, a company integrating information into web-based business applications, acquired Multiwoven, an open-source reverse ETL company (more)

• Corpay (CPAY), a corporate payments company, acquires Paymerang, an accounts payables solutions company (more)

• Mobix Labs, Inc. (MOBX), a semiconductor company, acquired RaGE Systems Inc., a company specializing in radio frequency joint design and manufacturing services (more)

• Black Mountain Software, accounting and billing software for local government organizations, acquired Fiscalsoft, a market leader in accounting and payroll solutions for local governments (more)

• Multitude Insights, an AI-powered solution enabling fast collaboration for law enforcement agencies, received an investment from NEC X, innovation accelerator and venture studio (more)

• MPE-backed ATG buys BAF Industries (more)

• K1 acquires Capital Karts (more)

• One Rock-backed EnviroServe acquires CG Environmental (more)

VC

• Attovia Therapeutics, a developer of a pipeline of biotherapeutics with an initial focus on immune-mediated diseases, raised $105M in Series B financing (more)

• Glacis, a developer of a Firewall and Router Protocol for simplifying cross-chain operations, secured $2M in seed funding (more)

• Offleash’d, a mobile app connecting pet parents via patented AI-powered matchmaking process, raised $700K in Seed funding (more)

CRYPTO

• Trump taps Bitcoin Magazine CEO to draft ‘day 1’ crypto policy (more)

• Crypto VCs turn back to ‘Professor Coins’ as funding rebounds (more)

• Bitcoin on-chain activity declines, price movement sluggish (more)

• Jack Dorsey says Bitcoin price will go beyond $1 Million in 2030 (more)

BULLISH BITES

💎 HODL: @RoaringKitty is back, apes.

📉 Hit hard: VC fund performance is down sharply — has it already hit its lowest point?

🎲 Blowback: Miss the latest All-In podcast with Sam Altman? The gold is in the comments.

💫 Heavenly: Spectacular displays of the aurora borealis in photos from around the globe.

DAILY SHARES

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