BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 39.49% for Week of October 31 2024

Market Wrap:

• Stock futures dipped Sunday night ahead of the US election.

• Nov. began strong: Nasdaq +0.8%, S&P +0.4%, Dow +0.7%.

• CFRA’s Stovall: Strong election years often boost Nov/Dec gains.

• Fed rate decision this week; 96% chance of a cut, per CME’s FedWatch.

• Earnings season rolls on: Super Micro, Moderna, CVS report.

• 70% of S&P 500 firms have beaten estimates, says FactSet.

EARNINGS

Here’s what we’re watching this week.

• Today: Hims & Hers (HIMS)

  • Palantir (PLTR) - earnings of $.09 per share (+28.6% YoY). Revenue is forecast to arrive at $701.1M (+25.6% YoY)

• Tuesday: DuPont (DD), Yum! Brands (YUM), Super Micro Computer (SMCI)

• Wednesday: CVS (CVS), Duolingo (DUOL), Klaviyo (KVYO), Shopify (SHOP)

  • Arm (ARM) - earnings of $.24 per share (-33% YoY) on revenue of $799M (-0.9% YoY)

• Thursday: Airbnb (ABNB), Capri (CPRI), Hershey (HSY), Moderna (MRNA), Tapestry (TPR)

  • DraftKings (DKNG) - expect loss of $.42 per share on $1.1 bln (+39.2% YoY)

See full calendar here.

A MESSAGE FROM THE OXFORD CLUB

HEADLINES

Harris, Trump Command Market’s Attention, but Powell May Steal the Spotlight

Nvidia Takes Intel's Spot on Dow Jones Industrial Average

• Traders prepare for a long, volatile election night (more)

• Fed will go ahead with rate cuts after this week’s election (more)

• Dollar dips as US election outcome remains uncertain (more)

• OPEC+ agrees to delay December output hike for one month (more)

• IRS unveils Roth IRA income limits for 2025 (more)

• China gears up for big week as markets await US elections (more)

• Boeing CEO issues ultimatum to machinists (more)

• Concerns grow in Washington over Intel (more)

• Companies brace for Tues - mentions of election surge on earnings calls (more)

• Tech giants set to spend $200 billion this year chasing AI (more)

• Berkshire's cash pile reaches record $325.2B, as Buffet sells more Apple (more)

• LVMH’s empty megastore in China signals deepening luxury crash (more)

DEALFLOW

M+A | Investments

• Blackstone in advanced talks to buy property owner (more)

• Shore Capital, Silver Lake in talks over $8.6B pet care deal (more)

• Stonepeak nears $3.1B deal for aircraft lessor ATSG (more)

• Arcos, a provider of workforce management solutions for infrastructure industries, acquired Clearion, a SaaS and mobile software company for vegetation management (more)

• Ōura, the smart ring delivering personalized health data, insights, and daily guidance, acquired Sparta Science, enterprise software transforming health and performance data into actionable intelligence (more)

• 1910 Genetics, a biotech company with a multimodal AI platform, received an investment from Accenture Ventures (more)

• Tectonic Engineering, an engineering firm focused on the transportation, telecom, energy, and water infrastructure end markets, received an investment from Good Spring Capital (more)

VC

• Insider, an AI-native omnichannel experience and customer engagement platform, raised $500M in Series E funding (more)

• Redoxblox, a company providing low-cost thermochemical energy storage systems, raised $40.7M in Series A funding (more)

• Spot AI, a company specializing in AI camera systems, raised $31M in equity funding (more)

• Decart, an AI research lab, raised $21M in funding (more)

• Marqii, a digital operations platform for hospitality businesses, raised $10M in funding (more)

• Delos Insurance Solutions, an insurtech company, raised further $9M in funding (more)

• JUUNO, a design company, raised $6.6M in internal funding (more)

• Trinity Guardion, a company specializing in hospital bed hygiene solutions, raised $6M in funding (more)

• Ataraxis AI, an AI precision medicine company, raised $4M in Seed funding (more)

• Persana AI, a company providing an agent-driven approach to prospecting, raised $2.3M in funding (more)

• Opus Guard, a SaaS provider specializing in retention management solutions, raised an undisclosed amount in funding (more)

CRYPTO

• Crypto ETFs see big inflows ahead of U.S. election, traders brace for volatility (more)

• Bitcoin pulls under $68K as crypto markets falter ahead of election (more)

BULLISH BITES

🚨 Wall St Legend: What the Fed isn’t telling you about this rate cut *

💰 Big Bet: Meet the secretive French “whale” wagering on a Trump victory.

📊 Chart: Here’s where the jobs are for October.

🦄 Next Level: Wesley Chan on what he looks for as he shops for potential unicorns.

🎄 Holiday turnaround: How Disney turns over its parks between its two most important holidays.

DAILY SHARES

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