On target

Inflation on track to meet Fed’s target, iPhone sales are booming, Intel surges after results spark optimism, Boeing workers to vote on new offer Monday, and OpenAI launches ChatGPT search...

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Market Briefing
November 01, 2024

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Good morning.

The Fast Five → Inflation on track to meet Fed’s target, iPhone sales are booming, Intel surges after results spark optimism, Boeing workers to vote on new offer Monday, and OpenAI launches ChatGPT search…

 📈 Proof gold could hit $3K in 2025 »
From Stansberry Research

Calendar: (all times ET) - Full calendar here

  • Today:
    Unemployment report, 8:30 am

  • Monday:
    Factory orders, 10:00 am

Your 5-minute briefing for Friday, November 1:

BEFORE THE OPEN

As of market close 10/31/2024.

Pre-Market:

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

Last week: 37.70%. Updates every Friday.

Market Wrap:

  • Nasdaq futures +0.35%, Dow +47 pts, S&P +0.2% ahead of jobs data

  • Amazon +5%, Intel +7% on strong earnings

  • S&P & Nasdaq logged worst days since Sept, led by Microsoft, Meta

  • Dow dropped 300+ pts, ending Oct at -1.3%; S&P 500 -1%, Nasdaq -0.5%

  • Jobs report expected to show smallest gain in 4 years, with 4.1% unemployment

EARNINGS

Here’s what we’re watching today. See full calendar here.

  • Today: Chevron (CVX), Exxon (XOM), Wayfair (W)

HEADLINES

Inflation was at 2.1% in September, according to new Commerce Department figures released Thursday, meeting analysts’ expectations.

iPad sales were up 8 percent after the much-anticipated refreshes of the iPad Pro and iPad Air.

  • Stocks fall on tech results ahead of US jobs data (more)

  • Treasury announces new Series I bond rate of 3.11% for next six months’ (more)

  • Oil rallies on news that Iran may attack Israel from Iraq in coming days (more)

  • Striking Boeing workers to vote on 38% pay rise deal on Monday (more)

  • Apple’s services unit is now a $100B juggernaut after ‘phenomenal’ growth (more)

  • OpenAI launches ChatGPT search, competing with Google and Microsoft (more)

  • Intel surges 7% after results spark optimism over turnaround (more)

  • Comcast exploring separation of cable networks business (more)

  • MicroStrategy’s $21B equity plan tops Tesla for record (more)

  • Engie to provide Meta with 260 MW of energy from US solar plant (more)

  • KKR’s $20B goal tests investor appetite for buyout funds (more)

A MESSAGE FROM ESGOLD

Keep This Gold Stock on your Watchlist 🇨🇦 $ESAU 🇺🇸 $SEKZF

  • Gold prices hit an all-time high

  • ESGold stock is up over 50% this month

  • Committed to eco-friendly mining practices

Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.

DEALFLOW

M+A | Investments

  • Sainsbury's sells Argos Financial Services cards portfolio for $934M (more)

  • Wanda sells James Bond’s yachtmaker for £160M (more)

  • Exxon agrees to sell Argentina shale oil assets to Pluspetrol (more)

  • GlycoMimetics (GLYC), a biotech company developing glycobiology-based therapies for cancers, acquired Crescent Biopharma, Inc., a biotech company advancing therapeutics for tumors (more)

  • Inman, a news source for real estate agents, brokers, and execs, acquired Blueprint, a tech event and digital platform (more)

  • Secret Double Octopus, a company specializing in workforce passwordless authentication, received a strategic investment from SBI Holdings (more)

  • Homethrive, a healthtech company, received an investment from Telus Global Ventures (more)

  • Rhino Health, a healthcare AI company, received an investment from Telus Global Ventures (more)

VC

  • Evommune, a biotech company for immune-mediated inflammatory diseases, raised $115M in Series C funding (more)

  • Axonis Therapeutics, a biotech company focused on novel neuromedicines, raised $115M in Series A funding (more)

  • Fingercheck, a workforce management platform for SMBs with ‘deskless’ workforces, received $115M in funding (more)

  • Pathos AI, a biotech company focused on re-engineering drug development through AI, raised $62M in Series C funding (more)

  • Sana, a company applying AI to enterprise knowledge, raised $55M in funding (more)

  • Leal Therapeutics, a biotech therapeutics company for disorders of the central nervous system, raised $45M in funding (more)

  • Bright Uro, a medical device company developing innovations in urodynamics, raised $32M in Series A funding (more)

  • BondBloxx, a provider of bond ETFs, raised $27M in funding (more)

  • Third Wave Automation, a provider of autonomous forklifts empowered by Shared Autonomy, raised $27M in Series C funding (more)

  • Databento, a financial data company, raised $10M in additional funding, increasing its total Series A round to $30M (more)

  • Tabs, a revenue automation company for B2B businesses, raised $25M in Series A funding (more)

  • Archon, a biotech company providing computationally designed Antibody Cages, raised $20M in Seed funding (more)

  • Matter Intelligence, a remote sensing startup, raised $12M in Seed funding (more)

  • MIND, a data loss prevention company, raised $11M in funding (more)

  • Flueid, a VOT™ company for residential real estate transactions, raised $8.3M in growth funding (more)

  • Bifrost AI, a gen-3D Data platform, raised $8M in Series A funding (more)

  • MealMe, an API for food ordering, raised $8M in Series A funding (more)

  • Motormia, an automotive enthusiast platform, raised $8M in funding (more)

  • Verax AI, enterprise-grade software solutions, raised $7.6M in Seed funding (more)

  • CREW Carbon, a climate tech startup, raised $5.3M in seed funding (more)

  • Toothio, a digital staffing marketplace for the dental industry, raised additional $5M in funding (more)

  • Cornerstone AI, an AI software solution that cleans real world healthcare data, raised additional $5M in Funding (more)

  • Hotglue, a B2B SaaS provider of embedded integrations, raised $4M in Seed funding (more)

  • Avina, an AI companion that guides sellers from their first meeting to their last email, raised $3.2M in Seed funding (more)

  • ContraForce, a security service delivery platform company, raised $3.25M in Seed funding (more)

  • Datava Solutions, a credit union service org, raised $3M in funding (more)

  • Lingo, an edtech company, raised $2.25M in Seed funding (more)

CRYPTO

  • Michael Saylor conjures stock market magic with giant plan to buy more Bitcoin (more)

  • Stablecoin issuer Tether says third-quarter profit was $2.5 Billion (more)

  • Crypto slumps alongside Trump's victory odds on polymarket as uncertainty and profit-taking rise (more)

BULLISH BITES

🚀 Don’t Miss This: Gold mania now underway *

📉 Next Level: Super Micro's $50 billion stock collapse underscores risk of AI hype.

☕️ Election Bets: Starbucks’s new CEO reveals a brilliant master plan to turn the company arround. It all starts with 4 words.

🗽 Offer You Can’t Refuse: A Staten Island megamansion built by head of the Gambino crime family is for sale.

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