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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
38.49% for Wk of Apr 25 2024 (Last week: 32.13%)

Market Recap:

• Dow futures flat after longest winning streak since Dec.

• Lyft, Wynn Resorts surge post-earnings; Reddit jumps 13%.

• Mixed trading day: Dow up 0.1%, S&P steady, Nasdaq slips 0.1%.

• Disney shares plummet 9% on revenue miss.

• Earnings today: Uber, Shopify, Airbnb, Instacart, Bumble, AMC.

• 85% S&P firms reported earnings, 80% beat expectations.

EARNINGS

What we’re watching this week:

• Today: Airbnb (ABNB), AMC Entertainment (AMC), Anheuser-Busch (BUD), Duolingo (DUOL), Instacart (CART), Klaviyo (KVYO), News Corp (NWSA), Robinhood (HOOD), Uber Technologies (UBER)

  • Arm Holdings (ARM) - expect revenue improvement of +6.6% to $878.2M and +$.30 EPS

• Thursday: Roblox (RBLX), Tapestry (TPR), Warner Bros. Discovery (WBD)

Full earnings calendar here

HEADLINES

“Outrageously Powerful”- Apple Revamps iPads with AI-Powered Pro

Reddit Soars After Strong Sales in First Report Since IPO

• US revokes Intel, Qualcomm licenses to sell chips to Huawei (more)

• FDA advisers weighing first psychedelic therapy in early June (more)

• US election risks are now showing up in foreign exchange markets (more)

• US probe finds a toxic culture at the F.D.I.C. (more)

• Tesla pulls the plug on supercharger (more)

• PE firms circle Peloton for potential buyout (more)

• TikTok, ByteDance sue US gov to block divest-or-ban law (more)

• Ex-Google CEO Schmidt says he considered buying TikTok (more)

• Instacart, Uber join forces to add Uber Eats to Instacart app (more)

• Disney’s promised streaming future finally here as cable TV decays (more)

• OpenAI building tool to let content creators ‘opt out’ of AI training (more)

• Spirit Airlines CEO calls the airline industry a 'rigged game' (more)

• The Blackstone fund BREIT faces big questions (more)

• New rivals could threaten Novo Nordisk, Eli Lilly’s weight loss drug dominance (more)

• Elizabeth Holmes gets months trimmed from prison release date (more)

DEALFLOW

M+A | Investments

• NFL set to allow teams to sell 30% of franchise to private equity (more)

• Prada heir says Italian group is open to M&A opportunities (more)

• Perpetual to be broken up, name being sold to KKR in $1B deal (more)

• Docusign, an intelligent agreement management company, acquired Lexion, an agreement management software, for $165M (more)

• Synopsys, provider of integrated software solutions, entered agreement with Clearlake Capital Group, L.P. and Francisco Partners, for sale of iSoftware Integrity Group business (more)

• Innovative Motion Technologies, an interface and control solutions industrial tech platform, acquires Check Technology, a flexible heating systems company (more)

• Echo360, a SaaS platform for learning engagement outcomes, acquires Inkling, a digital training and development company (more)

• Intain, a digital finance company, acquired IN-D.ai, a company specializing in transforming unstructured documents and data (more)

• Akamai Technologies, a cloud company empowering and protecting life online, acquired Noname Security, an API security company, for approx. $450M (more)

• Pearl, AI solutions for dentistry, received an investment from Dental Innovation Alliance VC Fund I (more)

VC

• Wiz, a cloud security company, raised $1B at a $12B valuation (more)

• Delphia Therapeutics, a cancer therapeutics biotech company, raised $67M in Series A funding (more)

• TXOne Networks, a leader in Cyber-Physical Systems security, raised $51M in its Series B extension round of financing (more)

• Prologue Medicines, a company advancing therapeutics, received a $50M investment from Flagship Pioneering (more)

• Honeycomb, a digital insurer, raised $36M in Series B funding (more)

• Averto Medical, a clinical-stage medical device company, raised $30M in Series A funding (more)

• Inkbit, an advanced additive manufacturing solutions company, raised $19M in funding (more)

• Daloopa, a historical data provider, raised $18M in Series B funding (more)

• Backpack Healthcare, an online pediatric mental healthcare provider, raised $14M in Series A funding (more)

• Neurable, a neurotech company, raised $13M in funding (more)

• Numeric, an AI-powered accounting automation company, raised $10M in Seed funding (more)

• Paxafe, a company delivering AI-powered decision support solutions for cold chain logistics, raised $9M in Series A funding (more)

• Humanaut Health, a clinic for health optimization and longevity, raised $8.7M in Seed funding (more)

• Think Bioscience, a synthetic biology company developing small-molecule therapeutics, raised a $6M Seed extension funding (more)

• Niobium, a custom silicon provider, raised $5.5M in Seed funding (more)

• eDwellfi, an AI, blockchain, and tokenization solutions company for private funds, raised $3M in Seed funding to date (more)

• OptMyCare, provider of a clinically engineered AI healthcare & risk management platform, raised $3M in Series A funding (more)

• Nudge Security, a provider of SaaS security and governance, raised a Seed extension funding (more)

• Cache, a life sciences company for biological sample and data storage infrastructure, raised undisclosed amount in Seed funding (more)

Any news or data you wish was included in your briefing?
…just hit reply and tell us!

CRYPTO

• Grayscale withdraws its Ethereum futures ETF application (more)

• Bitcoin rebound has crypto options traders anticipating $100K (more)

• Binance says it was asked for ‘secret’ payment over Nigeria woes (more)

• Revolut's crypto exchange goes live for experienced traders (more)

• Germany’s KfW to sell its first blockchain-based digital bond (more)

BULLISH BITES

💼 Pioneer: Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago.

😵‍💫 Dysmorphia: How TikTok is wiring Gen Z’s money brain.

🚀 Don’t miss it: The weight loss pill that could disrupt a $32 Billion industry.*

🗽 Report: One in 24 NYC residents is now a millionaire.

✈️ Amenities: IV drips are the newest luxury travel flex.

DAILY SHARES

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