💼 Industry upset

PLUS Microsoft announces new PCs with Qualcomm chips -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 May 21, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Microsoft]( announces new PCs with Qualcomm chips, [Nvidia]( to test $12 Trillion rally, Hims & Hers upsets industry with [$199]( weight-loss shots, Jamie Dimon signals [retirement]( is close, and [FDIC Chair]( is leaving after toxic workplace report… Calendar: (all times ET) WED, 5/22: Minutes - Fed’s May FOMC meeting, 2:00p THU, 5/23: Initial jobless claims, 8:30a FRI, 5/24: Durable-goods orders, 8:30a Consumer sentiment, 10:00a Your 5-minute briefing for Tuesday, May 21: BEFORE THE OPEN As of market close 5/20/2024 Pre-Market: US Investor % Bullish Sentiment: 40.86% for Wk of May 16 2024 (Last week: 40.82%) Market Recap: - Stock futures near flat: Nasdaq 100 -0.1%, Dow -19 points, S&P flat. - Palo Alto Networks dropped 8% after mixed guidance. - Nasdaq hit record high, boosted by Nvidia's 2.5% rise. - S&P +0.1%, Dow -0.5% due to JPMorgan's 4.5% drop. - Market lifted by inflation optimism last week; Dow below 40,000. - Investors await Fed speeches and nonmanufacturing data. - Earnings reports from Lowe’s and Macy’s due Tuesday. EARNINGS What we’re watching this week: - Today: Lowe's ([LOW](), Macy's ([M]() - [Toll Brothers (TOL)]( - expecting $4.14 EPS on $2.5B revenue - Wednesday: Snowflake ([SNOW]() - [Target (TGT)]( - earnings expected to be flat at $2.05 EPS (YoY) on $24.5B revenue (-1.6% YoY) - [Nvidia (NVDA)]( - earnings of $5.57 (vs last year of $.98 EPS). Revenue is expected to jump to $24.6B from the $6.5B reported one year ago - Thursday: Intuit ([INTU](), Workday ([WDAY]() Full earnings calendar [here]( [Are You Prepared for the Death of the Dollar?]( *By clicking the link you are subscribing to The Investor Newsletter Daily Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [Microsoft Announces New PCs with AI Chips from Qualcomm]( These PCs and others use Arm-based Qualcomm chips to deliver longer battery life, and PCs with AMD and Intel chips will also become available. [Stocks Churn as Nvidia to Test $12 Trillion Rally]( Chipmaker at the heart of AI boom to report results Wednesday. JPMorgan shares slide after Jamie Dimon’s buyback remarks. - FDIC Chair says he’ll leave job after toxic workplace report ([more]() - Justice Alito sold Bud Light stock, then bought Coors during boycott ([more]() - Senate inquiry finds BWM, Jaguar Land Rover, Volkswagen bought parts linked to forced labor in China ([more]() - It’s PhDs against MBAs in credit investing as quants jump in ([more]() - Bond buyers paid least in years for EM corporate-bond risk ([more]() - UPS joins blue-chip bond market rush ahead of holiday weekend ([more]() - Consumer spending split: ‘Yes’ to costly flights, ‘no’ to fast-food burgers ([more]() - One of the last big bears on Wall Street turns bullish ([more]() - Nvidia is cheap heading into major earnings report ([more]() - Hims & Hers debuts $199 weight-loss shots, undercutting Wegovy, Ozempic ([more]() - Spirit Airlines ends change and cancellation fees, joining Frontier ([more]() - Peloton launches $1 Billion loan to refinance existing debt ([more]() - Jamie Dimon signals retirement is closer than ever ([more]() - Red Lobster files for Chapter 11 bankruptcy protection ([more]() Sponsored [Ian King’s Crypto Surge: Staggering Growth!]( With past gains reaching 11,152% in a year, Ian King now showcases Next Gen Coin. Amid volatility, it stands strong. Beyond quick wins, it's set to dominate the $100 trillion finance sector. [Start with $20. Dive in Now!]( [Privacy Policy/Disclosures]( DEALFLOW M+A | Investments - Star Entertainment says Hard Rock-led group weighs bid ([more]() - Regional lender SouthState to buy Texas-based Independent Bank for about $2B ([more]() - CyberArk to buy Thoma Bravo-backed Venafi for $1.5B ([more]() - Phillips 66 to buy Pinnacle Midland for $550M in cash ([more]() - UAE oil giant buys into NextDecade LNG in first US deal ([more]() - Blackstone acquires majority stake in Priority Software, a provider of mission-critical business software ([more]() - Orange, Vodacom in talks on African network deals ([more]() - Spiritus, a climate tech company providing solutions for scalable direct-air-capture of carbon removal, received an investment from Aramco Ventures ([more]() VC - R3 Vascular, a medical device company, raised $87M in Series B funding ([more]() - Progentos Therapeutics, a biotech company that regenerates myelin and restore function for patients with MS and other diseases, closed a $65M series A funding round ([more]() - AssetWatch, a condition monitoring and predictive maintenance company, raised $38M in Series B funding ([more]() - Codesphere, a platform enabling developers to program and scale applications directly in the cloud, raised $18M in funding led by Creandum, LEA Partners, Begin Capital, 42CAP and 468 ([more]() - Neros, an autonomous drone startup, raised $10.9M in a seed round from Sequoia Capital to build a new factory ([more]() - Overland AI, a company specializing in off-road ground vehicle autonomy for the defense sector, raised $10M in Seed funding ([more]() - Hamilton Health Box, a provider of a microclinic operating model suitable for various settings, raised $10M in Series A funding ([more]() - Teal, a startup specializing in accounting infrastructure for Vertical SaaS businesses, raised $8M in Seed funding ([more]() - CoreWeave, a provider of customized solutions for workloads, received $7.5B in debt financing ([more]() - Subeca, an innovative internet of things startup that provides low cost and water tech raised $6M in Series A funding ([more]() - Daffodil Health, a provider of healthcare pricing and admin AI-powered solutions, raised $4.6M in Seed funding ([more]() - Amplexd Therapeutics, a clinical stage patient-scientist-led biotech company, raised $2M in funding ([more]() CRYPTO - Crypto lifted by Ether’s biggest jump since 2022 on ETF outlook ([more]() - Bitcoin breaks out above $68K as Solana's 7% gain leads crypto rally ([more]() - Failed crypto firm Genesis approved to repay creditors billions ([more]() BULLISH BITES 🥊 Heating up: Inside Microsoft’s mission to [take down]( the MacBook Air. 🗞 Legacy media: As clicks dry up for news sites, could Apple’s news app be a [lifeline](? 😂 Funny: Check out this SNL [spoof ad]( for Chinese fast fashion retailer Xiemu. 🎮 Breathtaking: The five-year journey to make an adventure game out of [ink and paper](. 📈 Tradition: Sushi chefs pay up to $20,000 for [these]( stainless steel sushi knives. [Exclusive Report: Master Uncertain Markets]( *(**By clicking the link you are subscribing to The Tradersville Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( DAILY SHARE [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Red Lobster’s bankruptcy, explained Apr 16, 2024 436 Likes 52 Retweets 14 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] 🎯🎯🎯 May 20, 2024 2.43K Likes 188 Retweets 50 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Scarlett Johansson May 21, 2024 1.42K Likes 192 Retweets 32 Replies 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. 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