BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 ended flat; Dow notched seventh record.

• Eyes on Fed's policy meeting for statement changes.

• GM and F5 shares rose on strong earnings.

• Sanmina's stock surged on impressive results.

• Whirlpool outlook disappoints, shares drop.

• JetBlue forecasts limited growth, higher costs.

• Tech giants Microsoft and Alphabet to report.

• Strong earnings season with most companies beating estimates.

EARNINGS

What we’re watching this week:

• Today: Boeing (BA)

• Thursday: Atlassian (TEAM), Honeywell (HON), Meta Platforms (META)

  • Amazon (AMZN) - expected: $.80 per share. Revenue expected to rise 11.4% to $166.2B

  • Apple (AAPL) - expected: $2.10 per share for Apple’s fiscal Q1 (+11.7%) on $117.9B revenue (+0.06% YoY)

• Friday: Chevron (CVX), Exxon (XOM)

Full earnings calendar here

HEADLINES

UPS is Cutting 12,000 Jobs

Musk Judge Rules 'Unfathomable' $55B Pay Deal Made Tesla CEO Overpaid

• IMF says global 'soft landing' in sight, lifts 2024 growth outlook (more)

• Fed in a trust-but-verify moment as inflation falls (more)

• US is shrinking T-Bill supply at just the right time for investors (more)

• Consumer confidence hits highest level since December 2021 (more)

• US home prices hit a new record high in November (more)

• Evergrande is finished. China's property woes aren't. (more)

  • China merges hundreds of rural banks as financial risks mount (more)

• Walmart announces 3-for-1 stock split as shares hover below all-time high (more)

• United exec says loss of skills may have contributed to Boeing problems (more)

• Toyota issues 'do not drive' warning to owners of 50,000 vehicles (more)

• PayPal to cut around 2,500 jobs as rivals snag market (more)

• CEOs from Meta, TikTok, Snap, X and Discord head to Congress for kids’ online safety hearing (more)

• Goldman executive departure exposes weak bench (more)

• ‘Big Short’ investor Steve Eisman shrugs off warnings on US Deficit, Stocks (more)

• Billionaire Sternlicht sees $1 trillion loss in office values (more)

• Scandal-hit trading desk turns into money spinner at Wells Fargo (more)

• Tom Brady is merging his nutrition and apparel brands with training company Nobull (more)

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DEALFLOW

M+A | Investments

• Nippon Steel says Japan's 3 megabanks plan $16 bln loan for U.S. Steel acquisition (more)

• AEI buys industrial facility in Alabama (more)

• BaseMap, Inc., a GPS hunting, outdoor planning and navigation app, acquired HuntScore, a provider of hunt planning tools and research analytics (more)

• Accenture (ACN) has completed its acquisition of Navisite, a digital transformation and managed services provider (more)

• Summit Partners acquires CollisionRight (more)

• LPFC acquires Northpoint (more)

• SER Capital Partners, an independent, middle-market private equity firm, received a strategic minority investment from Capricorn Investment Group’s Sustainable Investors Fund (more)

• Arlington invests in Afton Scientific (more)

• CollisionRight, a provider of automotive collision repair shops in the United States, received an investment from Summit Partners (more)

VC

• Kore.ai, an enterprise conversational and generative AI platform technology company, raised $150M in funding (more)

• Cour Pharmaceuticals, a clinical-stage biotechnology company, raised approximately $105M Series A funding (more)

• Inari, a SEEDesign™ company, closed a $103M funding round (more)

• Portal, a company advancing financial self-sovereignty with technology for access to Bitcoin and diverse cryptocurrency markets, raised $34M in Seed funding (more)

• Sema4.ai, a startup that brings open-source powered AI to mission-critical enterprise work, raised $30.5M in funding (more)

• Boston Metal, a metals technology solutions company, raised $20M in Series C2 funding (more)

• Crux, a sustainable finance technology company, announced today that it has raised $18.2 million in Series A funding (more)

• Vital Interaction, a healthcare technology company, raised $15M in Series A funding (more)

• Cultivo, a public benefit corporation that provides an AI-driven science and technology platform, raised $14M in Series A funding (more)

• Wisedocs, a machine learning SaaS for medical record review, indexing, and summarization, raised $9.5M in Series A funding (more)

• Roofer.com, a technology company in the roofing industry, raised $7.5M in Seed funding (more)

• Haven Energy, a climate tech company providing home battery systems, raised $7M in Series A funding (more)

• Audience Town, a consumer intelligence platform that has advanced data analytics and insights for the real estate industry, raised an additional round of funding of undisclosed amount (more)

IPO

• Blackstone's Aadhar Housing Finance targets $600M India IPO (more)

Fundraising

• Acadian Ventures, an early-stage venture capital firm specializing in the future of work, closed its second fund, at $30M (more)

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CRYPTO

• Ethereum ETF approval expected in May, standard chartered predicts (more)

• Jack Dorsey's Block Inc. begins layoffs under previously disclosed plan to cut staff by 10% (more)

• Vitalik Buterin says developers should 'tread carefully' mixing crypto and AI (more)

BULLISH BITES

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