💼 PE tackles NFL

PLUS - Nvidia aims for "show stopper" in earnings report -your pre-market briefing inside...                                                                                                                                                                                                                                                                                                                                                                                                                 August 28, 2024 | [Listen Online]( | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five → NFL [decides]( on private equity, Zuck says WH ‘[pressured](’ Meta to ‘censor’ Covid-19, shares of Temu parent [plunge](, Eli Lilly [slashes]( weight loss drug prices by half, and Nvidia aims for "[show stopper](" in earnings report. Today’s briefing ahead, but first… 📈 [This “AI convergence” could send NVIDIA even higher »]( A message from Behind The Markets Calendar: (all times ET) - Full calendar [here]( - Today: [none] - Tomorrow: Initial jobless claims, 8:30A Your 5-minute briefing for Wednesday, August 28: BEFORE THE OPEN As of market close 8/27/2024. Pre-Market: US Investor % Bullish Sentiment: ↑51.61% for Wk of August 22 2024 Last week: 42.54%. Updates every Friday. Market Wrap: - Stock futures flat as Nvidia's earnings loom. - Nordstrom +7%, Ambarella jumps 20%, PVH -7% after hours. - S&P, Nasdaq +0.2%; Nvidia gained 1.5%, Dow hits another record. - Nvidia's earnings key for tech and AI trade outlook. - Focus on Nvidia’s Blackwell chips and AI demand. EARNINGS Here’s what we’re watching this week: - Today: Abercrombie & Fitch ([ANF](), CrowdStrike ([CRWD](), Kohl's ([KSS]() - [Nvidia (NVDA)]( - earnings of $.57 per share (lower than Q1 due to the 10-for-1 stock split) on $25.6B revenue, nearly double the $13.5B it reported in the year-ago period. - [Salesforce (CRM)]( - earnings of $2.36 per share (+11.5% YoY) on $9.2B revenue (-3.8% YoY) - Thursday: American Eagle ([AEO](), Dollar General ([DG](), Gap ([GAP](), Lululemon ([LULU]() -  [Ulta Beauty (ULTA)]( - earnings of $5.52 per share (-8.3% YoY) on $2.6B revenue (+4% YoY) Full earnings calendar [here](. HEADLINES [NFL Ushers in New Era by Allowing Private Equity Ownership]( League approved PE firms including Arctos, Ares & Sixth Street. Surging team valuations likely to go higher with PE bidders. [Zuckerberg Says White House ‘Pressured’ Meta to ‘Censor’ Covid-19 Content]( Zuckerberg said Meta made some choices that, “with the benefit of hindsight and new information,” the tech giant would not make again. - Consumers more upbeat on economy, inflation in August ([more]() - House prices fall on monthly basis in June ([more]() - US awards $52M in grants to boost EV charging network ([more]() - Oil prices fall 2% on economic worries, technical decline ([more]() - Grains futures climb as weather brings worsening crop conditions ([more]() - Investors brace for US junk debt’s last gasp before election ([more]() - Nvidia aims for "show stopper" in highly anticipated earnings report ([more]() - Eli Lilly lowering prices for weight loss drug by half ([more]() - Apple enters content partnership with India's Bharti Airtel ([more]() - Shares of Temu parent company PDD plunge 29% ([more]() - Intel board member quit after differences over chipmaker's revival plan ([more]() - Kroger and Albertsons megamerger gets its day in court ([more]() - US companies tweak diversity policies as challenges mount ([more]() TOGETHER WITH 1440 For Those Who Seek Unbiased News. Be informed with [1440](! Join 3.5 million readers who enjoy our daily, factual news updates. We compile insights from over 100 sources, offering a comprehensive look at politics, global events, business, and culture in just 5 minutes. Free from bias and political spin, get your news straight. [Join for free today!]( DEALFLOW M+A | Investments - Exxon seeks to sell conventional Permian assets for $1 bln ([more]() - Blackstone to seek a $5.5B loan for AirTrunk bid ([more]() - Chatterjee Group seeks Indian state oil firms’ partnership for $10B project ([more]() - Principle Health Systems, a provider of mobile lab services to long-term care facilities, acquired BioStat Imaging, a mobile imaging provider ([more]() - Hibu, a tech-enabled digital marketing solutions to SMB’s across the US, completed the acquisition of RevLocal, a digital marketing partner to SMBs and multi-location brands across the US ([more]() - Lightcast, a provider of labor market data, analytics, and expert guidance, acquired Stratigens, a talent intelligence provider ([more]() - Ripple Operations, a maritime software company, acquired AdonisHR, a Norwegian provider of crew management and payroll software for the maritime industry ([more]() VC - Navigator Medicines, a biotech company, raised $100M in Series A funding ([more]() - Supio, a purpose-built AI platform for personal injury and mass tort plaintiff law firms, raised $25M in Series A funding ([more]() - Tilt, a platform for leave management solutions, raised $15M in Series B funding ([more]() - Planera, a provider of a construction CPM scheduling and planning solution, raised $13.5M in Series A funding ([more]() - Diakonos Oncology Corp., a clinical-stage immuno-oncology company, raised $11.4M in Seed funding ([more]() - pgEdge, a company that distributes PostgreSQL, raised $10M in funding ([more]() - Linker Finance, a platform for community banks and their digital banking experience, raised $3.7M in Seed funding ([more]() - Diakonos Oncology Corp., a clinical-stage immuno-oncology company, raised $11.4M in Seed funding ([more]() - eXeX, a med tech company utilizing AI to optimize surgical procedures, raised $5.8M in Seed funding ([more]() - Echelon, developer of a decentralized lending protocol, raised $3.5M in seed funding ([more]() - Fleet, a commuter benefits mgnt platform, raised $2.5M in Seed funding ([more]() - Katara, AI-agent workflow tools for DevX teams, raised $2.2M in Seed funding ([more]() CRYPTO - Treasury will define US crypto policy — eventually ([more]() - Trump releases fourth drop of his NFT trading cards ([more]() - Bitcoin slides below $62K as consolidation drags on ([more]() BULLISH BITES 📈 AI’s Big Pivot: [A massive $1 Trillion AI superproject is underway]( * 🏈 Pursuits: NFL’s [Kelce brothers]( sign $100M podcast deal With Amazon. 🛥 Shipwreck: Captain of [Mike Lynch](’s yacht under investigation. 🍼 Falling: Maternity wards are [disappearing]( in rural and urban America. 🍹 Top Shelf: The US Open’s [$10M signature cocktail]( got a price hike this year. DAILY SHARE [tw profile: litquidity] litquidity @litcapital [tw] NFL jerseys after private equity firms are allowed to invest in teams 7:13 PM • Aug 27, 2024 1.8K Likes 52 Retweets 15 Replies [tw profile: sophie] sophie @netcapgirl [tw] nvidia reporting earnings is the groundhog day for tech. if jensen sees his shadow (miss estimates, bearish forecast or something) it means we’re headed for an imminent ai winter. if he doesn’t, the bull market can continue indefinitely (or at least until the next earnings call) 9:58 PM • Aug 27, 2024 47 Likes 2 Retweets 3 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] manifesting 🕯 6:41 PM • Aug 27, 2024 800 Likes 59 Retweets 147 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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