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BEFORE THE OPEN

Pre-Market:

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

Market Recap:

• Stock futures flat: S&P -0.05%, Nasdaq +0.03%, Dow -29 points.

• Adobe surged 15% post-earnings, raised full-year guidance.

• S&P 500 and Nasdaq hit record closes.

• Wholesale inflation fell 0.2% in May.

• Cooling inflation boosts: S&P +1.6%, Nasdaq +3.1%, Dow -0.4%.

EARNINGS

Full earnings calendar here.

HEADLINES

Tesla Investors Back Musk’s $56 Billion Pay Deal

Roaring Kitty's GME Stake Grows to 9 Million Shares After Selling Options Position

• US weekly jobless claims at 10-month high; inflation cooling (more)

• Nasdaq, S&P post all-time closing highs for 4th day (more)

• Biden taps bank bailout cop to lead troubled regulator (more)

• Supreme Court gives Starbucks a win in union battle (more)

• Oil prices set for best week in 2+ mo. on solid demand outlook (more)

• BOJ's caution lifts Japanese stocks, pushes yen to 6-week lows (more)

• Trump tells CEOs he would cut corporate tax rate to 20% (more)

• GameStop annual shareholder meeting servers crash due to overwhelming interest (more)

• Blackstone opts to sweeten deal as REITs upend usual playbook (more)

• Stellantis aims to correct 'arrogant' mistakes in US market (more)

• Tyson Foods suspends CFO after second arrest (more)

• CA restaurants continue to pass increased labor costs onto customers (more)

(Sponsored)

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DEALFLOW

M+A | Investments

• NYCB acquired Signature Bank assets with total fair value of $37.8B (more)

• Adani Group buys Penna Cement for $1.2B enterprise value (more)

• Merlin, autonomous flight tech for fixed-wing aircraft, acquires EpiSys Science, an AI software and autonomy company delivering solutions for dual-use applications (more)

• Epicor, provider of industry-specific enterprise software to promote business growth, acquired KYKLO, Product Information Management solutions (more)

• Epam Systems, Inc. (EPAM), a digital services and product engineering company, acquired Odysseus Data Services, Inc., a health data analytics company (more)

• NeuroFlow, a behavioral health tech infrastructure, acquired Owl, a measurement-based care technology company (more)

• Vantage Data Centers, a global provider of hyperscale data center campuses, received a $9.2B equity investment (more)

• LawPro.ai, an AI-driven solution for the legal industry, raised an undisclosed seed funding (more)

• VLogic Systems, a portfolio intelligence platform SaaS provider, received a growth investment from Northam Horizon (more)

• Posh AI, a company providing a platform democratizing access to banking, received a strategic funding (more)

• HarperDB, a distributed systems platform that combines functions into a single technology, received a growth investment from Siren Capital (more)

VC

• Santa Ana Bio, a precision immunology company, raised $168M in combined Series A and B funding (more)

• Avava, a medical aesthetics platform company, raised $35M in financing (more)

• Findigs, a property tech company simplifying rental screening and leasing decisions, raised $27M in Series B funding (more)

• Better Health, a medical supply and support provider, raised $14M in funding (more)

• Unigrid Battery, a startup developing advanced sodium-ion batteries, raised $12M in Series A funding (more)

• Fuze Technology, a IoT company providing a pay-per-use mobile charging solution, raised $11.5M in Series A funding (more)

• YourSix, a company specializing in cloud physical security solutions, raised $10.5M in Series A funding (more)

• GPTZero, a platform for AI-generated content detection and responsible AI adoption, raised $10M in Series A funding (more)

• EnFi, an AI fintech startup, raised $7.5M in Seed funding (more)

• AnyCreek, a startup allowing access to guided experiences, raised $1.8M in Seed funding (more)

• Zeta Labs, an AI research and product company, raised $2.9M in Pre-Seed funding (more)

• Connexus, a procurement and RFP platform in the real estate sector, raised $800K in Seed funding (more)

• Alida Biosciences, an innovator in epigenomic research tools, raised $7.5M in Series A funding (more)

• Arya, a holistic sexual wellness platform, raised $7.5M in Seed funding (more)

• Pyte, a computation platform for data-first global enterprises, raised $5M in funding (more)

• BlinqIO, a gen-AI software testing platform, raised $5M in funding (more)

• Koda Health, a company specializing in digital advance care planning, raised an undisclosed amount in Seed+ funding (more)

CRYPTO

• Ether ETF could get approved this summer, SEC’s Gensler says (more)

• Early buyers of Andrew Tate’s DADDY meme coin apparently sitting on $45M in unrealized value (more)

• DeFi giant curve roiled as founder's loans get liquidated; CRV slides 30% (more)

BULLISH BITES

📉 Correction: Industry executives and investors are musing that fintech may have finally hit a bottom.

🚨  Secret trade: People are buying gold in the strangest place *

🤥 Bad actors: Wells Fargo fired more than a dozen employees after investigating claims that they were faking work.

🎉 Revival: From dying mall brand to Wall Street winner: How Abercrombie & Fitch made retail’s biggest comeback.

🐣 Young money: These are the best investment accounts for kids of June 2024.

DAILY SHARE

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