💼 Run of the year

S&P on track for biggest run this year -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 May 07, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → S&P on track for [biggest run]( this year, Treasuries mint cash like [never before](, FAA opens probe into [Boeing Dreamliner](, Nio’s on track this month to unveil its first [mass-market]( car, and [Tesla]( lays off more staff… Calendar: (all times ET) Today: Consumer credit, 3:00p WED, 5/8: Wholesale inventories, 10:00a THU, 5/9: Initial jobless claims, 8:30a FRI, 510: Consumer sentiment, 10:00a Your 5-minute briefing for Tuesday, May 7: BEFORE THE OPEN As of market close 5/6/2024. Pre-Market: US Investor % Bullish Sentiment: 38.49% for Wk of Apr 25 2024 (Last week: 32.13%) Market Recap: - U.S. stock futures flatline after Dow's four-day rise. - Dow up 0.02%, S&P 500 0.01%, Nasdaq 100 down 0.03%. - Monday: Dow climbed 0.5%, S&P 500 1%, Nasdaq 1.2%. - Friday's jobs report eases economic overheating concerns. - Hopes for Fed rate cuts remain amidst conflicting inflation data. - Focus on Disney, UBS, BP, and Kenvu earnings reports. EARNINGS What we’re watching this week: - Today: Robot ([IRBT](), Lyft ([LYFT](), Twilio ([TWLO](), ZoomInfo ([ZI]() - [Walt Disney (DIS)]( - expect $1.10 EPS (+18.3% YoY), on $22.1B revenue (+1.4% YoY) - [Reddit (RDDT)]( - expect $8.71 EPS loss on $212.8M revenue - Wednesday: Airbnb ([ABNB](), AMC Entertainment ([AMC](), Anheuser-Busch ([BUD](), Duolingo ([DUOL](), Instacart ([CART](), Klaviyo ([KVYO](), News Corp ([NWSA](), Robinhood ([HOOD](), Uber Technologies ([UBER]() - [Arm Holdings (ARM)]( - expect revenue improvement of +6.6% to $878.2M and +$.30 EPS - Thursday: Roblox ([RBLX](), Tapestry ([TPR](), Warner Bros. Discovery ([WBD]() Full earnings calendar [here]( HEADLINES [S&P 500 Is Now on Track for Biggest Run This Year]( US stocks extend rebound into a third consecutive session. Shorter bond maturities favored as 10-, 30-year auctions loom. [At $2 Million Per Minute, Treasuries Mint Cash Like Never Before]( With the Federal Reserve in no hurry to cut interest rates, investors are flocking back to fixed-income assets in major reset for Wall Street. - Wall Street closes higher for third session on rate cut optimism ([more]() - Strong economy extends Medicare fund viability to 2036 ([more]() - US financial regulators restart work on long-delayed compensation rules ([more]() - US financial markets watchdog to collect data on bilateral repo ([more]() - Emerging-market currencies extend their steepest rally this year ([more]() - FAA opens probe into Boeing Dreamliner inspections, records ([more]() - Tesla lays off more staff in software, service teams ([more]() - Jack Dorsey leaves BlueSky board, touts 'freedom technology' of X and Nostr ([more]() - Microsoft readies new AI model to compete with Google, OpenAI ([more]() - Apple working on AI chips for data centers ([more]() - Nio on track to unveil its first mass-market car in May ([more]() - Nvidia is missing link in a strong season of AI earnings reports ([more]() - Private credit to face shakeup if economy slows ([more]() - A blockbuster Wall Street trial begins ([more]() DEALFLOW M+A | Investments - Wozniak's space firm, Privateer, buys Orbital Insight, raises $56.5 million ([more]() - BofA, BNP poised to win lead roles on $20B Sanofi Spinoff ([more]() - EU clears $14.9B purchase of US Steel by Japan's Nippon ([more]() - Whataburger jumps back into loan market with $2.7B deal ([more]() - Wall Street banks reportedly sound out buyers for Subway Sandwich chain deal ([more]() - KKR to acquire medical device maker Healthium from Apax ([more]() - Blue Owl nearing deal to buy Linden Capital Partners stake ([more]() - EQT purchases Perficient for $3B ([more]() - GIP, CPPIB to buy US utility owner Allete for $3.9B ([more]() - Grovecourt-backed TMC acquires Lincks ([more]() - Shutterstock, a platform offering content for brands, digital media and marketing companies, acquired Envato Pty Ltd., a company specializing in digital creative assets, for $245M ([more]() - Beacon EmbeddedWorks, a discoverIE Group company and global provider of embedded electronics, acquires Diamond Technologies, Inc., a provider of customized solutions for data collection ([more]() - Hexaware Technologies, a leading global provider of digital solutions, today announced the acquisition of Softcrylic, a data consulting firm ([more]() - ISSQUARED Inc., an IT and cybersecurity provider for businesses, acquired CCT Technologies, a company delivering high-quality IT solutions ([more]() - L2 Capital buys Kosmos Q ([more]() - MAI buys Harbor Wealth Management ([more]() - Clearlake, Francisco Partners acquire Synopsys’ Software Integrity business ([more]() - JR Technologies, an aerostream order-based travel supplier, merges with Thomalex, a provider of IT infrastructure services ([more]() - Guardian Dentistry Partners, a dental partnership network, received an investment from Morgan Stanley Private Credit ([more]() VC - Zanskar Geothermal & Minerals, a geothermal exploration company, closed a $30M funding round ([more]() - Stella Automative AI, a provider of automotive artificial intelligence technology, raised $19.7M in Series A funding ([more]() - Anetac, a startup protecting companies from blind spots of service accounts in hybrid environments, raised $16M in funding ([more]() - OverT Bio, a company working to enable the curative potential of cell therapies in solid tumors, raised $16M in Seed funding ([more]() - Opmed.ai, a provider of an AI optimization platform for healthcare, raised $15M in Series A funding ([more]() - Nanochon, an orthopedic device biotech company, raised $4M in its series seed prime fundraising round ([more]() - Alphastream, a company which specializes in private credit analysis, raised an undisclosed amount in Seed funding ([more]() - Flossy, a dental care company, raised an undisclosed amount in funding ([more]() Any news or data you wish was included in your briefing? …just hit reply and tell us! CRYPTO - Robinhood Crypto gets Wells notice from US SEC ([more]() - India central bank to make its digital currency available offline ([more]() - Crypto now has a '[Neighborhood Watch](' to guard against hacks ([more]() - Chris Dixon’s campaign to overhaul crypto’s grifty reputation ([more]() BULLISH BITES 🍎 Today: Apple's "Let Loose" iPad event is happening - [here’s what to expect](. 🤑 Queue up: [Scott Galloway]( snags a new finance podcast. A successful serial entrepreneur and NYU professor, Scott just released a new book (currently #1) [The Algebra of Wealth]( - MB recommends 🍳 Napkin plan: Nvidia’s CEO co-founded his $2 trillion company at a [Denny’s]( breakfast booth. ⌚️ Grandmaster: [Sylvester Stallone]( to auction $2.5 million Patek Philippe in Sotheby’s trove. 🏋🏼‍♂️ High-end health: Equinox launches [$40,000 membership]( to slow down aging. DAILY SHARES [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] Jensen Huang is Taylor Swift for men May 4, 2024 2.83K Likes 184 Retweets 49 Replies [tw profile: Fight With Memes] Fight With Memes @fightwithmemes [tw] May 7, 2024 19 Likes 0 Retweets 1 Reply What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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