BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 45.45% for Week of October 03 2024

Market Wrap:

• Stock futures flat ahead of CPI report.

• S&P 500 and Dow hit record closes, Dow up 400+ points.

• Tech stocks lift Nasdaq by 0.6%.

• CPI expected to rise 0.1% monthly, 2.3% annually.

• CPI could shape Fed's next move; 70% chance of a 25-point rate cut.

EARNINGS

Earnings we’re watching this week:

• Today: 

  • Delta Air Lines (DAL) - earnings of $1.55 per share (-23.6% YoY) on $14.77B revenue (+1.5% YoY)

• Friday: BlackRock (BLK), Wells Fargo (WFC)

  • JPMorgan Chase (JPM) - earnings of $4.01 per share (-7.4% YoY) on $41.7B revenue (+5.1% YoY)

See full earnings calendar here.

HEADLINES

CPI Expected to Show 'Upside Risks' Amid Fed Rate Debate

Tesla to Unveil Cybercab, its Big Bet on Self-Driving Cars

• Powell’s half-point cut is hard to repeat with Fed in no hurry (more)

• S&P 500 hits record high in run-up to CPI report (more)

• Treasury yields slightly higher as investors await inflation data (more)

• China revives stocks rally, traders await US inflation test (more)

• Hedge funds sold record Chinese stocks on Tuesday, Goldman says (more)

• Oil gains as traders monitor Middle East while stockpiles climb (more)

• Gold price edge lower as traders eye US CPI data (more)

• Nvidia up 25% in last month, rallying near record ahead of tech earnings (more)

• Berkshire Hathaway raises $1.9B in Samurai bonds, term sheet shows (more)

• Tesla sells $783M of prime auto lease-backed debt (more)

• BlackRock among suitors exploring purchase of credit firm HPS (more)

• VC investors wary of dealmaking despite stock market momentum (more)

A MESSAGE FROM BTM

The $8 Stock That Could Slash Healthcare Costs by $1.7 Trillion

Science Magazine called it the "breakthrough of the year"...

A brand-new superdrug that is so lucrative...

Some expect it to become the best-selling drug EVER...

With projections of 8,966% growth in the next four years.

It could slash healthcare costs by $1.7 trillion in the US alone...

And ONE tiny firm (trading for only $8) holds a key patent on it.

Click here for the ticker...

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DEALFLOW

M+A | Investments

• Couche-Tard hikes bid for 7-Eleven owner to $47B (more)

• Arnault poised to buy Paris FC Football Club with Red Bull (more)

• Tritax EuroBox agrees $1.44B deal with Brookfield, snubs Segro (more)

• Rio Tinto goes all in on lithium with $6.7B Arcadium buy (more)

• Stellantis set to secure Italian approval for Comau stake sale (more)

• Green Cabbage, a company offering a subscription-based model with a savings guarantee, received an investment from Sorenson Capital (more)

• Babson Diagnostics, a science-first healthcare tech company, received a strategic investment from Becton Dickinson and Company (more)

• Polaris Laboratories, a fluid analysis company, received a strategic investment from Riverspan Partners (more)

VC

• Zap Energy, a liquid-metal-cooled fusion test platform, raised $130M in Series D funding (more)

• ShiraTronics, a clinical-stage medical device company, raised $66M in Series B funding (more)

• Arda Therapeutics, a company specializing in therapies for chronic diseases, raised $43M in Series A funding (more)

• Logik.io, a company empowering CPQ and enterprise selling experiences, raised $25M in Series B funding (more)

• Unify, a go-to-market tech platform enabling companies and teams to drive customer interactions, raised $19M in Series A and Seed financing (more)

• Airloom, a renewable energy company specializing in wind power, raised $13.75M in Seed funding (more)

• Claim, a viral social app, raised $12M in Series A funding (more)

• OpenGradient, an AI infrastructure company, raised $8.5M in Seed funding (more)

• Cyrisma, a risk management platform, raised $7M in Series A financing (more)

• Prime Security, a company ensuring orgs have the tools to implement security at the design phase, raised $6M in Seed funding (more)

• Cove, a hyper-visual AI collaboration space, raised $6M in seed funding (more)

• MeWe, a privacy-first social media network, raised initial $6M in Series B funding (more)

• TreQ Global, a quantum computing company, raised $5+M in Seed funding (more)

• Molg, a robotic microfactory company, raised $5.5M in Seed funding (more)

• Truthset, a data validation-as-a-service offering company, raised $5M in Series A funding (more)

• Drawer AI, an AI-powered estimating system, closed a $5M Seed funding round (more)

• Vultron, an AI-powered proposal development solution for the public sector, raised $4.85M in seed funding (more)

• Holobiome, biotech products that improve health through multiple marketplaces, raised an undisclosed amount in Seed funding (more)

CRYPTO

• Crypto firms charged with market manipulation in US sting (more)

• FTX creditors emerge as possible Fillip for ailing crypto market (more)

BULLISH BITES

🚨 Investor Alert: Ex-Wall Street CEO reveals “Millionaire-Maker” Superdrug *

🚖 Tesla Robotaxi Reveal: What to expect.

➗ The Buzz: The math that explains how multi-strat hedge funds make money.

🤖 Inside Look: Wired explores the talent exodus at OpenAI and its implications for the company's future.

✈️ Get Air: He flies business and first class many times a year — all on credit card points.

DAILY SHARES

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