BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
51.73% for Wk of Mar 07 2024 (Last week: 46.50%)

Market Recap:

• U.S. stock futures stable Sunday post-Dow's worst week since Oct.

• Last week: Dow down 0.93%, S&P 500 0.26%, Nasdaq 1.17%.

• Profit-taking seen in high-valuation stocks amid pullback concerns.

• Mixed signals from Feb jobs data on Fed rate cut expectations.

• Investors eye Feb CPI and PPI reports for inflation progress.

• Oracle set to report earnings after today's close.

EARNINGS

What we’re watching this week:

• Monday:

  • Oracle (ORCL) - earnings of $1.38 per share (+13.1% YoY), on $13.3B in revenue (+7.3% YoY)

• Wednesday: Lennar LEN, Williams-Sonoma (WSM)

  • Dollar Tree (DLTR) - earnings of $2.65 per share (+29.9% YoY) on $8.7B in revenue (+12.3% YoY)

• Thursday: Dick's Sporting Goods (DKS), Ulta Beauty (ULTA)

  • Adobe (ADBE) - earnings of $4.38 per share (+15.3% YoY) on $5.1B in revenue (+10.3%)

Full earnings calendar here

HEADLINES

Biden Says He’ll Ban TikTok if Congress Passes Bill

Traders Are on Alert for a Hotter-Than-Expected Inflation Print

• President Biden signs $460B spending bill to avert a partial government shutdown (more)

• DOJ opens investigation into Alaska Airlines blowout incident  (more)

• Slow US inflation retreat is set to bolster Fed patience on rate cuts (more)

• Debt markets priced for perfection risk a stumble (more)

• Bubble angst belied by Big-Tech weaklings, broader S&P 500 gains (more)

• Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4% (more)

• Bond investors are lining up to fund the war against Putin (more)

• Nvidia is sued by authors over AI use of copyrighted works (more)

• Delta CEO expects Boeing 737 Max 10 may be delayed until 2027 (more)

• Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close (more)

• Reddit, investors seek up to $748M in planned IPO (more)

• Aramco hikes dividend 30% to $98 billion despite drop in profit (more)

• Techstars’ $80M partnership with J.P. Morgan is on the rocks, employees say (more)

• Remote workers are living increasingly further from their main offices, study finds (more)

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DEALFLOW

M+A | Investments

• Kering and Essilor Luxottica among suitors for eyewear maker Marcolin (more)

• Mondi to buy DS Smith for £5B and create packaging titan (more)

• Nationwide challenges UK's big banks with $3.7B Virgin money bid (more)

• Warner Music plans $1.65B euro bid to buy France's Believe (more)

• CPP to invest up to €2B in Telecom Italia’s network (more)

• Vietnam’s biggest bank taps Citi for $1 Billion share sale (more)

• UAE chemical maker eyes expansion even as merger talks continue (more)

• Pantera raising funds to buy Solana Holding from FTX (more)

• Arlington-backed SPA acquires technical advisory services programs from ManTech (more)

• Trive-backed Kittyhawk acquires Stack HIP (more)

• Warburg-backed BlueGrace purchases Evos Smart Tools (more)

• Truelink-backed Trulite buys American Insulated Glass (more)

• Sugar Foods acquires Concord Foods (more)

• MPE Partners invests in Webster Industries (more)

• Gridiron Capital forms GarageCo (more)

VC

• CARiD, a company specializing in e-commerce platform specializing in car parts and accessories, raised $35M in funding (more)

• IO Research, the developer of io.net, a Solana-based decentralized infrastructure network, raised $30M in Series A funding (more)

• Cayosoft, a company specializing in Microsoft active directory management, monitoring, and recovery, received $22.5M in minority investment from Centana Growth Partners (more)

• BREV/ɅN, a provider of a platform for building customizable AI agents with enterprise data, raised $9M in Seed funding (more)

• Sonaverse, a provider of a crypto data infrastructure platform, raised $7M in Seed funding (more)

• Cosmology, provider of a tech suite that enables developers to build apps in the Cosmos ecosystem, raised $5M in Seed funding (more)

• Vescent, a company which specializes in quantum 2.0 technologies enabling commercialization, raised $5M in Seed funding (more)

• PeakMetrics, a narrative intelligence company, raised $3M in Seed funding (more)

• Velosio, a provider of digital transformation services, and managed cloud subscriptions for the Microsoft ecosystem, received an investment from Court Square Capital Partners (more)

• 4th & Heart, a provider of ghee butter products, received an investment from Aterian, Inc. (more)

CRYPTO

• Billionaire hedge funder Bill Ackman mulls Bitcoin (more)

• Bitcoin paints bull’s-eye on $100,000 mark before its halving (more)

• BlackRock's Bitcoin ETF nears 200K BTC, passing Michael Saylor's MicroStrategy (more)

BULLISH BITES

💰 Pursuits: Wyoming wants to become America’s crypto capital.

👀 Watching: What’s going on with the new bill that could ban TikTok?

🏆 Survivors: Three anonymous Oscars insiders on what really happens on the run-up to Hollywood's biggest night.

🤔 Rethinking? Billionaire hedge funder Bill Ackman mulls Bitcoin.

🚨  Just in: Weight-loss stock jumps 121% in one day*

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DAILY SHARES

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