First time here? Sign up »

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 39.04% for Wk of May 30 2024 (Last week: 47.04%).

Market Recap:

• Stock futures near flat Tuesday night.

• Dow futures up 49 points (0.1%), S&P, Nasdaq up 0.1%.

• HPE up 16% on strong earnings, CrowdStrike up 7%.

• Dow gained 140 points, S&P 500, Nasdaq up 0.2%.

• JOLTS: 8.059M vacancies in April, lowest in 3 years.

• ADP jobs data, expected 175,000 jobs in May.

• Key data today: services/nonmanufacturing

• Dollar Tree, Lululemon earnings coming up.

EARNINGS

What we’re watching this week:

• Today: Campbell Soup (CPB), ChargePoint (CHPT), Dollar Tree (DLTR), Five Below (FIVE), Victoria's Secret (VSCO)

  • Lululemon Athletica (LULU) - earnings of $2.38 per share, (+4.4% YoY) on $2.2B revenue (+10% YoY)

• Thursday: Big Lots (BIG), DocuSugn (DOCU), Nio (NIO)

  • Ciena (CIEN) - earnings of $0.15 per share (-79.7% YoY) on $894.9M revenue (-20.8% YoY)

Full earnings calendar here.

HEADLINES

India's Stock Markets Erase $371 Billion in a Single Day on Election Uncertainty

Citadel and BlackRock Back Starting National Stock Exchange in Texas

• US job openings drop in April, as labor market normalizes (more)

• House lawmakers seek access to full Boeing quality plan (more)

• Bond traders pile into fresh bets on faster pace of Fed cuts (more)

• Dollar drifts higher from multi-month lows; yen gains (more)

• Gold falls, moving in line with bearish technicals as Dollar recovers (more)

• Poll: No relief for emerging currencies seen as investors ponder elections (more)

• India election results give relief to nervous Modi bulls (more)

• Nippon exec warns of “nightmare” scenario for a solo US Steel (more)

• Chinese spies are targeting disgruntled workers within US companies (more)

• Amazon’s first labor union moves to affiliate with Teamsters (more)

• E*Trade possibly ousting GameStop bull 'Roaring Kitty' spurs online backlash (more)

• Tesla likely to spend $3-$4 billion on Nvidia hardware this year (more)

• Warner Bros. Discovery hikes prices for Max streaming service (more)

• Private equity says it’s got the data to back a push into sports (more)

• Diamond industry ‘in trouble’ as lab-grown gemstones tank prices further (more)

TOGETHER WITH BETTERMENT

DEALFLOW

M+A | Investments

• Intel agrees to sell 49% of factory to Apollo for $11B (more)

• CoreWeave offers $1 billion for Core Scientific (more)

• Blackstone bets on UK rental homes in $740M deal (more)

• UST, a digital solutions company, acquired Endeavor Consulting Group, a global player in supply chain management and product commercialization consulting (more)

• Deloitte acquired all of the assets of End Point’s disease surveillance company CasePointer (more)

• Seedtag, a contextual advertising company, acquired Beachfront, provider of a sell-side ad platform built for CTV and streaming (more)

• ITCM, a technology solution provider, acquired Value Logic, an IT managed service provider (more)

• Databricks, a data and AI company, acquired Tabular, a data management company (more)

• PE-backed RoadSafe acquires Site-Safe and IAS (more)

• Advent-backed Imperial Dade buys Regional Distributors (more)

• GreyLion-backed Trifecta Collective buys Transact (more)

• Consor Holdings, transportation and water infrastructure engineering and consulting services, received a Growth investment from New Mountain Capital (more)

• TA invests in Solarity, a provider of automated clinical data processing services for acute and ambulatory healthcare providers (more)

• L Squared invests in TeachTown (more)

• Trilantic North America invests in SOFIE Biosciences (more)

• aNexus Cognitive, an innovator in enterprise data & AI foundations, received an investment from Insight Partners (more)

VC

• Xcimer Energy, an inertial fusion company, raised $100M in Series A funding (more)

• The Desire Company, an expert product education company, closed its Series B funding round, increasing its valuation to $97M (more)

• Storyblok, a modern content management system for teams, raised $80M in Series C funding (more)

• ActuityMD, a technology partner to the commercial MedTech industry, raised $45M in Series B funding (more)

• WindBorne Systems, provider of an atmospheric sensing system and AI weather model, raised $15M in Series A funding (more)

• Stacklet, a leader in cloud governance and optimization as code, raised $14.5M in Series B funding (more)

• Axena Health, a medical device company focused on female pelvic health, closed on an additional $9.4M in its Series A funding (more)

• Raydiant Oximetry, a clinical-stage medical device company, raised $7.5M in Series A3 Extension funding (more)

• Mint Blockchain, an Ethereum L2 network for NFT industry, raised $5M in Seed funding (more)

• SciTech Development, a clinical-stage, specialty oncology pharmaceutical company, raised additional $3.2M in funding (more)

• Keragon, an AI-powered HIPAA-compliant automation platform for healthcare, raised $3M in funding (more)

• Prósperos, a financial platform for the Spanish-speaking Western hemisphere, raised $3M in Seed funding (more)

• Thoughtly, a startup building AI voice agents for contact centers, raised $3M in Seed funding (more)

• CaseMark AI, a company specializing in legal generative AI workflows, raised $1.7M in Seed funding (more)

• Claroty, a cyber-physical systems protection company, raised a further growth funding of undisclosed amount (more)

CRYPTO

• Bitcoin sees profit-taking around $70K amid ‘stubbornly bullish’ sentiment (more)

• Hacked Japan exchange to raise About $320M to buy Bitcoin (more)

• Bain Capital Crypto raising second fund (more)

• Novogratz sees Bitcoin topping $100,000 if it regains March high (more)

BULLISH BITES

📈 Performance: The companies driving The 2024 Midas List.

🤑 Meme Mania: How Roaring Kitty’s wealth went from $53K to nearly $300 million — and could one day top $1 billion.

🛒 Savers: What is ‘spaving’ and how it could hurt your finances.

🏸 ’Rocket’ Man: The multimillion-dollar scandal rocking pickleball.

👟 Tastemakers: Are wedding sneakers the ultimate power flex?

DAILY SHARE

Have a comment or suggestion?
💌 Send us a message

ADVERTISE | SUBSCRIBE