BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 29.45% for Week of MAY 8 2025

Market Wrap:

• Futures surge: Dow +422, S&P +1.4%, Nasdaq +1.9% on China trade deal news
• Treasury’s Bessent: Geneva talks “productive”; details announced today
• Trump’s 145% China tariffs met with 125% retaliation; 10% base tariff remains
• Last week: S&P -0.5%, Nasdaq -0.3%, Dow -0.2%
• Key data ahead: CPI Tuesday; retail sales, PPI Thursday

EARNINGS

Here’s what we’re watching this week:

• Wednesday:

  • Cisco Systems $CSCO ( ▼ 0.79% ) - earnings of $.82 per share (+4.5% YoY) on $14.1B revenue (+11% YoY)

• Thursday:

  • Walmart $WMT ( ▲ 0.99% ) - earnings of $.58 per share (-3.3% YoY) on $164.5B revenue(+2.9% YoY)

Full calendar here »

A MESSAGE from ALTIMETRY

White House to Reset Social Security?

President Trump's inner circle has a plan that could radically change how Social Security works.

In fact, just days after taking office, Trump signed Executive Order 14179 - giving his team new powers to permanently reset how many key federal agencies work.

That reset is now ready to begin - and it's critical you start preparing immediately.

In fact, for reasons explained here, we’re expecting the next huge announcement before July 22nd at the latest.

-from Altimetry

HEADLINES

White House Says Trade Deal Struck with China

CATL Starts Taking Investor Orders for World’s Biggest Listing This Year

• US futures, Asian stocks gain on China trade talks (more)

• Markets to decide if words are enough after US-China trade talks (more)

• Lutnick says 10% baseline tariff will stick around for “foreseeable future” (more)

• Traders eye longer-term options to hedge post-tariff shock rally (more)

• Dollar gains versus yen on US-China trade optimism (more)

• US House to claw back Biden's climate law to fund Trump tax cuts (more)

• Pakistani, Indian stocks soar as truce shifts focus to growth (more)

• Toyota faces biggest hit from Trump tariffs among automakers (more)

• OpenAI negotiates with Microsoft for new funding and future IPO (more)

• Walgreens doubles down on prescription-filling robots to cut costs (more)

• Trump set to accept luxury jet as gift from Qatar (more)

DEALFLOW

M+A | Investments

• Bain Capital to buy PCI Pharma at $10 billion valuation

• Delta and Korean Air to acquire 25% stake in WestJet for $550M

• LondonMetric to buy Urban Logistics for $925M

• Recurly acquires Redfast and Prive

VC

• Sirius Therapeutics, a biotech company, raised nearly $50M in Series B2 funding

• Miden, a blockchain infrastructure startup, raised $25M in Seed funding

• Foundation Alloy, an advanced materials company, raised $7.5M in funding

• Arda Biomaterials, a developer of biomaterial technology leveraging plant proteins, raised $5.25M in funding

CRYPTO

• Bitcoin inches closer to new all-time high as ETH, DOGE, PEPE, ATOM rally (more)

• Trump’s crypto agenda is being threatened by his pursuit of personal profits (more)

BULLISH BITES

🚨 The New Face of DOGE? *  

📈 An Ackman golden rule that bullish traders might be forgetting.

🍎 How Apple created a legal mess when it skirted a judge’s ruling.

😂 Warren Buffett’s 31 funniest quotes, ranked in order of how much you’ll laugh.

💙 Dating an SF tech bro.

DAILY SHARES

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