💼 Smart money buys dip

PLUS - Airbnb drops 14% due to slowing demand -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 07, 2024 | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five → [Smart money]( buys the dip, [don’t expect]( the Fed to panic, Sell-off in Japan's stocks is [overdone](, [Airbnb drops]( 14% due to slowing demand, and sleepy utilities sector becomes [haven]( from turbulence… From Weiss Research: [He called Nvidia at $8. Here’s his next pick »]( Yesterday’s Poll: What is happening in the US market? 🟨🟨🟨🟨🟨⬜️ Recession 🟩🟩🟩🟩🟩🟩 Correction Calendar: (all times ET) - [Full calendar]( - Today: Consumer credit, 3:00 PM - Tomorrow: Initial jobless claims, 8:30 AM Your 5-minute briefing for Wednesday, August 7: BEFORE THE OPEN As of market close 8/6/2024. Pre-Market: US Investor % Bullish Sentiment: ↑44.88% for Wk of August 01 2024 Last week: 43.17%. Updates every Friday. Market Wrap: - Stock futures lower after Wall St's three-day decline ends - Super Micro Computer fell 13% after earnings miss - Airbnb slipped 16% on disappointing Q2 results - Tue: S&P 500 and Nasdaq +1%, Dow up nearly 300 points - Mon: Worst session since ‘22 due to recession worries, yen carry trade unwinding EARNINGS Here’s what we’re watching this week: - Today: CVS ([CVS](), Duolingo ([DUOL](), Klaviyo ([KVYO](), Lyft ([LYFT](), Shopify ([SHOP]() - [Robinhood (HOOD)]( - earnings up $.15 per share on $634.2M revenue (+30.5% YoY) - [Walt Disney (DIS)]( - earnings of $1.19 per share (+15.5% YoY) on $23.0B revenue (+3.1% YoY) - Thursday: Eli Lilly ([LLY](), Paramount Global ([PARA](), PENN Entertainment ([PENN]() Full earnings calendar [here](. Hire Ava, the Industry-Leading AI BDR Ava automates your entire outbound demand generation so you can get leads delivered to your inbox on autopilot. She operates within the [Artisan]( platform, which consolidates every tool you need for outbound: - 300M+ High-Quality B2B Prospects - Automated Lead Enrichment With 10+ Data Sources Included - Full Email Deliverability Management - Personalization Waterfall using LinkedIn, Twitter, Web Scraping & More [Book a demo]([to see what Ava can do.]( HEADLINES [Smart Money Buying the Dip Offers Glimmer of Hope That Bottom Is In]( Behind the scenes of Monday’s trillion-dollar meltdown, big-money investors were doing something usually reserved for the retail crowd: buying the dip. [The Economy is Slowing. Don’t Expect the Fed to Panic]( A delay in cutting rates will spark more criticism from progressives, who say the Fed needs to ease borrowing costs soon if it wants to save the labor market. - Indexes end with strong gains, rebounding from global sell-off ([more]() - Solomon says Fed will forgo emergency cut despite weak jobs data ([more]() - Selling from volatility-linked funds may be drying up after $150B dump ([more]() - Market volatility puts 'buffer' ETFs in the spotlight ([more]() - Sell-off in Japan's stocks is overdone, Bridgewater says ([more]() - The dollar steady, yen wobbles as traders consider rate cut bets, carry ([more]() - Sleepy utilities sector shines as haven from stock turbulence ([more]() - US household debt levels edge up in Q2 ([more]() - Rivian tops second-quarter expectations amid cost cuts ([more]() - Airbnb shares drop 14% on earnings miss, slowing US demand ([more]() - Super Micro announces 10-for-1 split, shares plunge 13% on earnings miss ([more]() - Microsoft blames Delta for its struggle to recover from cyber outage ([more]() - Google antitrust ruling may pose $20 billion risk for Apple ([more]() DEALFLOW M+A | Investments - Thoma Bravo explores $2 bln sale of ESG software maker Cority ([more]() - Media mogul Byron Allen weighs topping bid for Paramount ([more]() - Dysrupt, an L.A. media agency, acquired Half Past Nine, a specialized growth marketing and strategy services firm ([more]() - Körber Supply Chain Software, a company specializing in supply chain software solutions, acquired MercuryGate Int'l Inc., a provider of transportation mgmt systems ([more]() VC - Groq, a company specializing in fast AI inference, has secured a $640M Series D, at $2.8B valuation ([more]() - Muon Space, an end-to-end space systems provider, raised $56M in Series B funding ([more]() - Savvy Wealth, a digital-first platform for financial advisors, raised an additional $15.5M funding ([more]() - Amlogenyx, Inc., a subsidiary of Ultragenyx Pharmaceutical, Inc. researching therapies for Alzheimer’s other amyloid diseases, completed a seed funding round of $14M ([more]() - Hedra, a provider of AI-powered tools for generating video content with human characters, raised $10M in seed funding ([more]() - Hyperbolic, a provider of GPU resources and AI services through a cloud platform, raised $7M in seed funding ([more]() - NanoHive Medical, a company specializing in 3D-printed titanium spinal interbody fusion devices, raised $7M in Series C funding ([more]() - Skillfully, a company specializing in simulation-driven hiring solutions, raised $2.5M in seed funding ([more]() - LoanBYE, a company providing student loan relief solutions as an employer benefits package, received a 300K investment ([more]() CRYPTO - Bitcoin whales increased holdings during crypto market mayhem ([more]() - Hedge funds pile back into crypto call options after ‘horrific’ liquidations ([more]() - Trump-themed ‘DJT’ token, issued by Martin Shkreli, suddenly dives 90% ([more]() BULLISH BITES 🚨 Free Download:[How to Profit in a Collapsing Market]( * 📉 Spooked: What’s behind stock selloff? “Very little panic” but [plenty of fear](. 🔎 Inside Look: The generative-AI revolution may be [a bubble](. 💻 Slideshow: GenZ's latest obsession? [PowerPoint parties](. 🏅 Pursuits: 27-yo Harvard grad and gold medalist says healthcare job [helped her win]( in the Olympics. DAILY SHARE [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] I remember it like it was yesterday $SPY 7:26 PM • Aug 6, 2024 293 Likes 26 Retweets 29 Replies [tw profile: sophie] sophie @netcapgirl [tw] this is who you’re trading against 10:42 PM • Aug 6, 2024 761 Likes 11 Retweets 42 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] “So interest rates in Japan are close to 0 but they’re 4.25% in a U.S. savings account. That means you can borrow Yen, convert it to dollars and put it in U.S. accounts to earn more yield. I’ve been doing this for over a year it’s basically risk free.” 6:01 PM • Aug 6, 2024 2.36K Likes 166 Retweets 44 Replies [tw profile: Jason Levin] Jason Levin @iamjasonlevin [tw] when your girl thinks your revenue is your profit 3:15 PM • Aug 6, 2024 6.45K Likes 391 Retweets 75 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. 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