First time here? Sign up »

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
￪ 44.59% for Wk of June 13 2024 (Last week: 38.97%)

Market Recap:

• S&P +0.25% to record 5,487.03, Nasdaq +0.03% to new high.

• Dow added 56.76 points to 38,834.86.

• Nvidia jumped 3.5%, surpassing Microsoft in value.

• Semiconductor stocks rose: Qualcomm up 2.2%, Taiwan Semiconductor up 1.4%, Micron up 3.8%.

• Gains supported by lower Treasury yields and weak retail sales.

• S&P and Nasdaq hit records in the previous session.

EARNINGS

Here’s what we’re watching this week:

• Today: Accenture (ACN), Kroger (KR), Smith & Wesson Brands (SWBI)

  • Darden Restaurants (DRI) - earnings of $2.62 per share (+1.6% YoY) on $2.98B (+7.4% YoY)

• Friday: Carmax (KMX)

Full earnings calendar here.

HEADLINES

Nvidia Overtakes Microsoft as World's Most Valuable Company

EV-Maker Fisker Files for Bankruptcy

• US retail sales tepid in May; manufacturing production surges (more)

• Mortgage demand flattens even as interest rates hit the lowest level since March (more)

• Oil dips after seven-week highs on demand hopes, war jitters (more)

• Asian stocks at 2-year high; China, Indonesia set rates (more)

• Boeing CEO blasted in US Senate hearing while apologizing for safety woes (more)

• Car dealerships across US halt services after cyberattack (more)

• Banks’ ECB resentment flares up again in leveraged loan probe (more)

• OpenAI co-founder announces his new AI startup, Safe Superintelligence (more)

• Netflix to launch mega experience stores in two US malls (more)

• Dell, Super Micro providing server racks for xAI's supercomputer (more)

• Musk tries to woo advertisers back to X (more)

• Juneteenth stalls as a paid day off for private employers (more)

Your Second Chance to Profit from A.I.

If you missed out on Nvidia, don't worry.

A 244-year-old pattern is about to trigger a $25.6 trillion AI surge...

And send three overlooked stocks soaring 1,000%+

Get our new research on all three plays right now.

- sponsored message from Behind The Markets -

DEALFLOW

M+A | Investments

• Koch family invests in Brooklyn Nets owner at $6 billion value (more)

• Thales to create JV with Ukraine to boost military supplies (more)

• Vodafone raises $1.8B in Indus Towers stake sale (more)

• Katy Perry-backed food products firm Bragg explores sale (more)

• Riskonnect, an integrated risk management solutions provider, acquired Camms, an enterprise cloud-based software for GRC (more)

• TravelPerk, a global business travel management platform, acquired AmTrav, a tech and service platform for productive travel (more)

• Accenture (ACN) acquired SOKO, an agency specializing in brand storytelling that engages audiences organically (more)

• Primrose Bio, a company developing technologies for nucleic acids and proteins, received an investment from 1315 Capital (more)

• Crux, a finance technology company, added strategic new investors as part of the $18.2M Series A funding (more)

• Promaxo, a developer of portable MRI systems and minimally invasive robotics, received an investment from Zynext Ventures (more)

VC

• Marea Therapeutics, a clinical-stage biotech company, raised $190M in combined Series A and B financings (more)

• Huntress, a company specializing in cybersecurity for small businesses, raised $150M in Series D funding (more)

• Insightec, a healthcare company using focused ultrasound to improve patient care, raised $150M in equity funding (more)

• Talkiatry, provider of an in-network psychiatric care, raised $130M in Series C funding (more)

• CesiumAstro Inc., a space communications technology company, closed a $65M Series B+ funding round (more)

• AI search startup Genspark raises $60M in seed round (more)

• Iambic Therapeutics, a clinical-stage biotech company, raised $50M in Series B extension funding (more)

• Zencity, a community engagement platform for local governments, raised $40M in Series C funding (more)

• Finaloop, a real-time e-commerce accounting platform, raised $35M in Series A funding (more)

• ZA Tech, an insurance core system SaaS provider, has rebranded as Peak3 and raised $35M in Series A funding (more)

• Decagon, a gen AI company empowering enterprise customer support, raised $35M in Seed and Series A funding (more)

• Nomad Health, a digital marketplace for healthcare jobs, raised $22M in funding (more)

• Ability Biologics, a cell targeting company, raised US $18M in Seed funding (more)

• Entro Security, a provider of Non-Human Identity and secrets management platform, closed $18M Series A funding (more)

• Alpen High Performance Products, a manufacturer of window and door technologies, raised $18M in funding (more)

• SewerAI, a global leader in AI and cloud-driven sewer condition assessment, closed a $15M Series B funding round (more)

• Liquid Instruments, a reconfigurable test instrumentation company, secured a new round of funding totaling $12M (more)

• Marigold Health, a peer recovery company, closed $11M Series A funding (more)

• DeepJudge, an AI-driven legal search startup, raised $10.7M in Seed funding (more)

• Jogo Health, a medtech company treating chronic pain and neuromuscular disorders, raised $5.5M in funding (more)

• Ethris, a biotech company advancing next-gen RNA therapeutics and vaccines, raised $5M in funding (more)

• Butterflies AI, a social media platform allowing humans and AIs to co-exist, raised $4.8M in Seed funding (more)

• Trustwise, a company specializing in gen AI application performance and risk management, raised $4M in seed financing (more)

• Scoop Analytics, a business analytics tool empowered by spreadsheets, raised $3.5M in Seed funding (more)

• Hark, a Voice of Customer platform, raised $3.5M seed funding (more)

• Berg Enteprises, Inc., a provider of mechanical, plumbing and pipefitting services, raised $2.5M in funding (more)

• Vehya, a mobile app automating the installation, repair, and routine maintenance processes, raised $2.1M in Seed funding (more)

• Gracia AI, an AI-powered technology designed for professional creators, raised $1.2M in seed funding (more)

• Loop Golf, an online booking platform for golfers to get the best tee times at local courses, closed a $1M seed funding round (more)

CRYPTO

• Martin Shkreli says he is behind Trump-linked DJT as ZachXBT, GCR start poking around (more)

• SEC ends probe into Consensys, won't sue over Ethereum (more)

• Bitcoin whales sold over $1B BTC in past two weeks (more)

• Scams keep haunting crypto market, aided by AI and social media (more)

BULLISH BITES

📉 The fall of Fisker: A comprehensive timeline.

🚀  Wealth explosion: The $25.6 Trillion AI "profit period" starts now. *

🔥 That’s hot: Thanks to a 19-second TikTok joke, men in finance are suddenly in.

😎 Looksmaxxing: Speaking of finance bros, Gen Z men are apparently spending thousands to look like American Psycho's Patrick Bateman.

💼 Next level: Hedge fund talent schools are looking for the perfect trader.

DAILY SHARE

Have a comment or suggestion?
💌 Send us a message

ADVERTISE | SUBSCRIBE