💼 Big Tech lines up

PLUS - Small caps are the hottest trade going -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 17, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Big Tech](VCs to throw support to Trump, riskiest stocks begin an [epic rotation]( with cuts in sight, [small caps]( are the hottest trade going, [gold jumps]( to record high, and [Elon Musk vows to move X](, SpaceX headquarters from CA to TX… From Weiss Ratings: [Nvidia is pivoting to a new $1 trillion AI superproject »]( Calendar: (all times ET) Today: Fed Beige Book, 2:00 PM THU, 7/18: Initial jobless claims, 8:30 AM Your 5-minute briefing for Wednesday, July 17: BEFORE THE OPEN As of market close 7/16/2024. Pre-Market: US Investor % Bullish Sentiment: ↑ 49.18% for Wk of July 11 2024 (Last week: 41.74%) Chart updates every Friday. Market Recap: - Dow futures flat after best day since June 2023. - Five Below -10% as CEO departs; Kenneth Bull interim CEO. - Dow +700 points, record close; S&P +0.64%, Nasdaq +0.2%. - Russell 2000 +3.5%, fifth straight gain, +10% in July. - Market optimistic on Fed rate cuts; 100% chance in September. - Economic data: Fed’s Beige Book, June housing starts, building permits. EARNINGS Here’s what we’re watching this week: - Today: Discover Financial Services ([DFS](), United Airlines ([UAL](), US Bancorp ([USB]() - [Johnson & Johnson (JNJ)]( - earnings of $2.50 per share (-2.3% YoY) on $20.6B revenue (-20.6% YoY) - Thursday: - [Netflix (NFLX)]( - earnings of $4.39 per share (+33.4% YoY) on $8.8B revenue (+7.6% YoY) - Friday: American Express ([AXP]() Full earnings calendar[here](. HEADLINES [Andreessen, Horowitz Latest Tech VCs to Throw Support to Trump]( Venture capitalists Marc Andreessen and Ben Horowitz plan to make significant donations to political action committees supporting Donald Trump for president. [Riskiest Stocks Begin an Epic Rotation With Rate Cuts in Sight]( Russell 2000 is notches its best five-session run since 2020. CPI reading launched small cap rally as two-year yield plunged. - Retail sales report showcases consumer, economic resilience ([more]() - Russell 2000 beats Nasdaq 100 by most in decade ([more]() - Gold jumps to record as traders ramp up bets on Fed rate pivot ([more]() - Oil retreats most in 3 weeks on stronger dollar, weak demand ([more]() - Asian stocks to join global rally, Treasuries rise ([more]() - Small caps are the hottest trade going in the stock market ([more]() - Equity trading crushes estimates for big US banks ([more]() - Goldman sells $5.5B of bonds in post-earnings binge ([more]() - Musk moving X, SpaceX headquarters from California to Texas ([more]() - World’s biggest luxury fortunes lose $17B as market slows - Car repossessions surge 23% as Americans fall behind on payments ([more]() - BuzzFeed rises after Pulte takes activist stake, backs Ramaswamy ([more]() - Chinese tycoon Guo guilty in US of $1 billion investor fraud ([more]() Nvidia's NEW "Silent Partners" Many companies partnering with Nvidia have seen their own stocks go up … That includes ASML, up as much as 471% … Super Micro Computer, which has surged as much as 3,244%. And Taiwan Semiconductor, which has soared as much as 4,744%. With Nvidia now [pivoting to a new $1 trillion AI superproject …]( A new set of partners appear to be poised to benefit. [Find out]( who they are right away. - sponsored message - DEALFLOW M+A | Investments - JPMorgan to buy NYC building in more than $300M deal ([more]() - Thai billionaire Sarath to merge energy, telecom businesses ([more]() - Adani, Wilmar weigh selling $670M stake in JV ([more]() - Oak Hill, OneIM strike $5 billion private credit partnership ([more]() - Fnac Darty offers to buy Italy's Unieuro for around $270M ([more]() - Intrum signs term sheet for investment deal with Cerberus ([more]() - Gravitate, fuel management and energy logistics AI software, received an investment from Falfurrias Management Partners ([more]() - Vericent, a sales performance management software company, received a strategic investment of undisclosed amount ([more]() VC - Cardurion Pharmaceuticals, Inc., a clinical-stage biotech company developing next-gen therapeutics for cardiovascular diseases, raised $260M in Series B financing ([more]() - Tekion, a cloud-native platform serving the entire automotive retail ecosystem, raised $200M in Growth capital ([more]() - Omni Fiber, a regional fiber internet service provider, received $150M in Debt financing from Stonepeak Credit ([more]() - Botrista, a data-driven, automated beverage platform provider, raised an undisclosed amount in Series C funding ([more]() - Scorpion Therapeutics, a clinical-stage oncology company, raised $150M in Series C funding ([more]() - Thyme Care, a value-based cancer care enabler, raised $95M in Series C funding ([more]() - DreamBig Semiconductor Inc., a company specializing in high-performance accelerator platforms, raised $75M in Series B funding ([more]() - LevelTen Energy, a provider of transaction infrastructure for the energy transition, raised $65M in Series D funding ([more]() - DataCore Software, a company specializing in the data infrastructure and management space, raised $60M in funding ([more]() - Infinitum, a creator of the sustainable air-core motor, raised $35M in Series E Extension funding ([more]() - Heimdall Power, a power grid optimization company for utility companies, raised $25M in Series B funding ([more]() - Vectara, a generative AI product platform, raised $25M in Series A funding ([more]() - Exa, an AI research lab redesigning search for the AI age, raised $22M in seed and Series A funding ([more]() - NovoNutrients, a biotech company transforming CO2 emissions into premium protein, raised $18M in Series A funding ([more]() - Mira, a decentralized infrastructure platform to expand access to advanced AI, raised $9M in Seed funding ([more]() - Dusk, a platform for building and playing social multiplayer games, raised $8M in funding ([more]() - Kins, a provider of a digital-first hybrid care physical therapy practice, raised $7M in Series A funding ([more]() - Coldcart, an orchestration and optimization platform for frozen and refrigerated parcel logistics, raised $6.5M in Seed funding ([more]() - itselectric, an EV curbside charging company, raised $6.5M in seed funding, bringing its total funding to $11.8M ([more]() - Predicta Biosciences, a company developing diagnostic and therapeutic products, raised $5.2M in Seed funding ([more]() - Monetary Metals, a gold company, raised over $5M in Equity funding ([more]() CRYPTO - Bitcoin hits $65K shaking off Mt. Gox payout worries ([more]() - Crypto options traders can soon target bets on US presidential results ([more]() - Spot Ether ETFs are seen starting to trade as early as next week ([more]() - After court order, Craig Wright updates website with admission he is not Bitcoin creator Satoshi ([more]() BULLISH BITES 🏧 Quick Draw: Using [your retirement account]( as an emergency ATM just got easier. 💰 AI on Fire! [How many millionaires will Nvidia mint this year?]( * 🍎Dream Phone: Apple is finally [embracing]( Android’s chaos. 🥇 For the Gold: Would you [swim in the Seine](? Paris is hoping Olympic athletes will. DAILY SHARE [tw profile: Wall Street Silver] Wall Street Silver @WallStreetSilv [tw] ✅✅✅ 8:00 PM • Jul 16, 2024 528 Likes 39 Retweets 22 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] He just won the 0-18 vote [tw profile: unusual_whales] unusual_whales @unusual_whales BREAKING: Donald Trump no longer plans to ban TikTok, per Bloomberg. 9:50 PM • Jul 16, 2024 200 Likes 13 Retweets 18 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] 8:12 PM • Jul 16, 2024 555 Likes 63 Retweets 63 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. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. [tw]( Update your email preferences or unsubscribe [here]( © 2024 Market Briefing, a Capital Media publication 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv]( [Terms of Service](