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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑42.54% for Wk of August 15 2024

Market Wrap:

• Stock futures flat after strong recovery rally.

• Wall St. surged Thu: Dow +500 points, S&P and Nasdaq up 1%+.

• S&P and Nasdaq on six-day winning streak, best week since November.

• Retail sales, jobless claims data ease recession fears.

• Inflation data fuels hopes for soft landing and Fed rate cuts.

EARNINGS

Nothing notable today. Full earnings calendar here.

IN PARTNERSHIP WITH 10 EAST

Where Sophisticated Investors Access Private Markets

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• Flexibility – members have full discretion over whether to invest on an offering-by-offering basis.

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HEADLINES

Quants Are Poised to Unleash a Wave of Cash in Stock Market

Surprise Jump in Retail Sales Casts Aside Recession Fears

• Indexes end higher as retail sales soothe slowdown fears (more)

• Low weekly jobless claims, upbeat retail sales dispel recession fears (more)

• Dollar holds gains on reassuring data (more)

• Oil edges lower as market weighs diverging US, China outlooks (more)

• Price cuts hit cars, restaurants and more as inflation recedes (more)

• Wall St just got its most volatile ETF as risky bets boom (more)

• Nike shares jump as Ackman's return sparks turnaround hopes (more)

• Walmart stock soars to record high on Q2 earnings (more)

• Newsom calls for new oil refinery mandate in California (more)

• Kroger plans $1B in price cuts after Albertsons merger (more)

• TikTok ‘finfluencers’ accurately called the AI rally (more)

• Seagram heir prepares an offer for Paramount Global (more)

DEALFLOW

M+A | Investments

• Carrier sells home, commercial fire unit for $3 billion (more)

• Lockheed to buy satellite products maker Terran in $450M deal (more)

• Sixth Street Consortium to be buyer of UBS mortgage unit (more)

• Mitsui buys stake in Tasco in bet on Vietnam’s auto sector (more)

• Cleartronic, Inc., a ReadyOp as a SAAS company, acquires Alastar, a tech platform previously co-owned by Advanced Technology Int’l and the South Carolina Research Authority (more)

• Vista Equity Partners, an investment firm focused exclusively on enterprise software, acquired Jaggaer, a company specializing in enterprise procurement and supplier software, from Cinven (more)

• CuraLinc Healthcare, a provider of employee assistance, student and workforce mental health programs, received an investment from Lightyear Capital (more)

• JetZero, a company developing a new blended-wing body aircraft, received an investment from Alaska Airlines (more)

VC

• Thintronics, Inc., an electronic materials startup, raised an undisclosed amount in Series A extension (more)

• Vanilla, an estate planning software company, raised a funding round of undisclosed amount (more)

• ViroCell Biologics, a cell and gene therapy contract development organization, raised an undisclosed amount in convertible note funding (more)

• Kiteworks, a company specializing in secure content communications, raised $456M in funding (more)

• HistoSonics, a manufacturer of the Edison® Histotripsy System and histotripsy therapy platforms, closed $102M Series D financing (more)

• Neptune Medical, a leader in medical device innovation, announced the spinout of its subsidiary, Jupiter Endovascular, following the completion of a $97M Series D financing (more)

• Jupiter Endovascular, Inc., a medical technology startup, exited stealth mode with a $21M new round of financing (more)

• CodeRabbit, an AI-powered platform that automates the process of code reviews for developers, raised $16M in Series A funding (more)

• Cardea, a global asset management firm, raised $15M conv. note funding (more)

• Intramotev, a company that develops autonomous, battery-electric railcars, raised $14M in Series A funding (more)

• Levels, a software platform that shows users how food affects their health, raised $10M in Series A Extension funding (more)

• Goodfire, a startup committed to demystifying generative AI models, raised $7M in seed funding (more)

• DSTLRY, a digital comics marketplace, raised $5M in seed funding (more)

CRYPTO

• Sen. Chuck Schumer supports passage of crypto rules in pro-Harris town hall (more)

• Bitcoin tumbles back under $58K as crypto quickly crumbles Thursday afternoon (more)

BULLISH BITES

📈 Access Private Markets: Invest alongside private market veterans in vetted deals *

💼 The Top: 10 largest companies in the world, ranked by market value.

🚘 Futuristic: Californians will soon be able to add their driver’s licenses in Apple Wallet.

🤖 Modern Health: AI helps a man with ALS speak.

🏓 Escape: A padel camp in the Maldives led by the Rafael Nadal Academy.

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