BEFORE THE OPEN

Pre-Market:

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

Market Wrap:

• Dow futures jump 900 points on Trump win; S&P up 1.9%, Nasdaq 1.7%

• Bitcoin hits record; Russell 2000 +5%; Trump Media surges 40%

• 10-year Treasury yield at 4.43% on potential tax cuts

• Goldman: S&P may pop 3% on Trump-GOP sweep

• S&P YTD gains over 21%, boosted 1.2% Tuesday

EARNINGS

Here’s what we’re watching this week.

• Today: 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.

HEADLINES

Dollar Surges, Bitcoin Hits Record High, 'Trump Trade' Soars as Trump Claims Victory

Tesla Jumps in Overnight Trading as Trump-Backer Musk Seen Benefiting

• Republicans win control of Senate ahead of critical tax fight (more)

• Trump Media shares gain 40% in overnight trading (more)

• Bank stocks advance overnight as traders bet on less regulation with Trump (more)

• US service sector activity accelerates to more than 2-yr high (more)

• Traders trim bets on Fed rate cuts in 2025 (more)

• Asia stocks mixed as US election results trickle in (more)

• Boeing strike ends as workers accept new contract (more)

• Nvidia passes Apple as world’s most valuable company (more)

• Apple facing first-ever EU fine over App Store rules (more)

• Super Micro shares plunge with still no clear answers to investors (more)

• Meta's AI feasts on user data (more)

• Fintech lender Dave accused of misleading needy borrowers (more)

IN PARTNERSHIP WITH UPMARKET

UpMarket: Your Gateway to Hedge Funds and Alternative Investments

UpMarket empowers accredited investors like you to access hedge funds and other alternative investments that were once challenging for retail investors to access.

This year, they’ve helped investors access Groq, Anthropic, Neuralink, SpaceX, and hedge funds that have returned 32.8% annualized (2012 inception, trades power and natural gas futures) and 37.3% annualized (2009 inception, provides alternative funding to small publicly-traded companies).

Why choose UpMarket?

• No membership fees

• Curated investment opportunities

• Modernized, all-online investment experience

• Access to pre-IPO companies, private equity, and more

• Dedicated investor relations team with offices in Seattle, San Francisco, and New York

Their platform has helped investors deploy over $150 million into private markets since 2019. They conduct thorough due diligence on all offerings, ensuring you have curated access to high-quality investment opportunities.

Whether you're looking to diversify your portfolio, seek uncorrelated returns, or tap into professional fund management, UpMarket provides the tools and access you need. Their seamless process takes you from investment to exit, all while providing robust post-investment monitoring.

Ready to unlock the potential of hedge funds and alternative investments?

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DEALFLOW

M+A | Investments

• Printful and Printify ink a merger deal (more)

• Emerson offers to buy rest of AspenTech in $15B deal (more)

• French IT firm Atos agrees to sell Worldgrid unit to Alten (more)

• StarFish Medical, a medical device development company, acquired Omnica Corporation, a medical device design and engineering company (more)

• Chemonics International, a sustainable development company, acquired Luvent Consulting, a company specializing in sustainable development solutions (more)

• Vertafore, a company providing end-to-end connectivity solutions, acquired Surefyre, a submission and underwriting workbench platform purpose-built to empower MGAs and wholesalers (more)

• Almaviva acquired Iteris, a company providing smart mobility infrastructure management solutions (more)

• Wave Therapeutics, a developer of AI-enabled, soft robotics cushioning technology, received an investment from Nurse Capital (more)

• The Nursing Beat, a digital media platform that produces a daily digital newsletter designed for nurses, received an investment from Nurse Capital (more)

VC

• Inquis Medical, a medical technology company specializing in advanced thrombectomy systems, raised $40M in Series B funding (more)

• Ellipsis Labs, a verifiable finance company, raised $21M in funding (more)

• CrossBridge Bio, a biotech company pioneering dual-payload antibody-drug conjugates as targeted cancer therapies, raised $10M in funding (more)

• Endeavor, an enterprise AI platform for manufacturing companies, raised $7M in seed funding (more)

• Troveo, a platform helping content owners monetize from AI, raised $4.5M in Seed funding (more)

CRYPTO

• Bitcoin surges to $75,000, a new record (more)

• Memecoin creators hop on US election mania with thousands of new tokens (more)

BULLISH BITES

💰 Savings Protection: Why Americans are turning to gold in 2024 *

📊 Election Betting: Kalshi and Polymarket apps top Apple app store charts.

🤑 Stock Pile: Berkshire Hathaway has enough cash to buy Target, Starbucks, and Nike.

🚘 Bumper Cars: San Francisco has a new type of traffic obstacle these days - Waymo traffic jams.

🏠 Pursuits: Americans who bought homes in 2024 were older and richer than ever.

DAILY SHARES

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