💼 Bull market

S&P 500 hits new all-time high, builds on bull-market run... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 January 23, 2024 | [Read Online]( ☕️ Good morning. The Fast Five → [S&P]( hits new all-time high, [India overtakes Hong Kong]( as world’s fourth-largest stock market, voice cloning startup [ElevenLabs]( achieves unicorn status, Wall Street [opposition to Trump]( collapses, and [Mr Beast]( nears $100 million TV deal with Amazon… Your 5-minute briefing for Tuesday, January 23: BEFORE THE OPEN As of market close 1/22/2024. PRE-MARKET: MARKETS: - Dow reaches new record, up 138.01 points. - S&P 500 and Nasdaq also hit fresh all-time highs. - Macy’s rejects $5.8B private takeover proposal, shares rise. - SolarEdge announces layoffs, stock climbs approximately 4%. - Archer-Daniels-Midland plunges over 24% on weak earnings guidance. - B Riley Financial faces investigation tied to securities fraud. - Wall Street's strength tied to Fed’s handling of inflation and economic cooling. - Traders scale back Fed rate cut expectations for March. - Key economic reports this week may Fed's monetary policy outlook. EARNINGS What we’re watching this week: - Today: 3M (MMM), Johnson & Johnson (JNJ), Procter & Gamble (PG) - [Netflix (NFLX)]( - expected: $2.22 per share. Revenue is forecast to rise +11% YoY to $8.7 billion - Wednesday: AT&T (T), Kimberly-Clark (KMB), - [Tesla (TSLA)]( - expected: $.74 per share (-37.8% YoY) on $25.6 billion revenue (+5.2% YoY) - Thursday: Alaska Air (ALK), American Airlines (AAL), Blackstone (BX), McCormick (MKC), Visa (V) - [Intel (INTC)]( - expected: $.45 per share. Revenue is forecast to land at $15.2 billion (+7.9% YoY). - Friday: American Express (AXP) Full earnings calendar [here]( HEADLINES [S&P 500 Hits New All-Time High, Builds on Bull-Market Run]( The S&P 500 surpassed Friday's record level and hit an intraday high of 4,868.41 points, confirming a bull market after closing at an all-time high in the previous session since its October 2022 closing low. [India Overtakes Hong Kong as World’s Fourth-Largest Stock Market]( South Asian nation remains an investor darling in the new year. China’s economic struggles have stymied growth in Hong Kong. - Wall Street opposition to Trump collapses, as ‘pipe dream’ of primary defeat ends ([more]() - Trump-linked stocks soar after DeSantis throws in the towel ([more]([)]( - The Fed's big miss on inflation has doomed the US to recession this year, top economist says ([more]() - Morgan Stanley, JPMorgan say buy the dip after Treasury rout ([more]() - Repo market may throw a fit, spur Fed to action ([more]() - SEC probes B. Riley deals with client tied to failed fund ([more]() - Investment bankers are starting to see Mexico as a money spinner ([more]() - Western Digital (WDC) surges replacing Nvidia as Morgan Stanley's top pic ([more]() - Boeing faces more pressure as United CEO vents frustrations ([more]() - Cargo theft spiked over 57% in 2023 vs. 2022 ([more]() - Voice cloning startup ElevenLabs lands $80M, achieves unicorn status ([more]() - Years of PR disasters led to a major change for Facebook, and news sites are paying the price ([more]() - TikTok cuts jobs as tech layoffs continue to mount ([more]() - Alphabet’s Moonshot X Lab cuts staff, turns to outside investors ([more]() - LVMH’s Arnault set to propose sons Alexandre, Frederic for company’s boardl ([more]() TOGETHER WITH CLICKUP Connect your team in minutes. Turn TBD into EOD with [the world’s most powerful productivity tool](. With ClickUp, you can: Automate sprints and routine tasks, Streamline communication in one Workspace, and recover cash spent on multiple work apps! [Try ClickUp today. It’s FREE »]( Please support our sponsors DEALFLOW M & A | INVESTMENTS - Macy’s urged by Arkhouse to open books after rejecting takeover bid ([more]() - Sony ends $10B merger with India's Zee ([more]() - Sunoco to buy NuStar Energy in $7.3B deal as it expands midstream business ([more]() - Archway Dental Partners, a provider of a dental platform, received an investment from Martis Capital, and Din Ventures ([more]() - PowerSchool (PWSC), provider of cloud-based software for K-12 education in North America, acquired Allovue, a provider of K-12 financial planning software in the US ([more]() - Service Compression, LLC, a provider of natural gas compression services, closed a preferred equity investment from Warburg Pincus, through its Capital Solutions Founders Fund ([more]() - Bloom Nutrition, a provider of health supplements, received $90M in financing ([more]() - Deloitte buys Giant Machines ([more]() - Gas station owner Sunoco buys NuStar Energy for $7.3B ([more]() - Goldman-backed Nextiva buys contact center firm Thrio ([more]() - PE-backed RoadSafe purchases B.C. Cannon ([more]() - MAI Capital Management buys WaterStone Investment Counsel ([more]() - Gryphon-backed Kano acquires Super Lube and Synco Brands ([more]() VC - Talofa Games, a gaming studio developing social fitness games, reportedly raised $6.3M in Seed funding ([more]() - Tandem, a provider of an app for couples to manage their finances together, raised $3.7M in seed funding ([more]() - 3Daughters, a clinical development company, raised over $2M in first tranche of Seed funding ([more]() - Bolt Navigation, a developer of Handheld Surgical Navigation systems, closed its Series B financing ([more]() FUNDRAISING - Wynnchirch Capital, a middle market private equity firm, closed its sixth private equity fund, Wynnchurch Capital Partners VI, at $3.5B ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - FTX estate sold majority of bankrupt exchange’s Grayscale Bitcoin Trust shares ([more]() - Bitcoin slides below $40K, now down nearly 20% from post-ETF euphoria ([more]() - Terraform Labs files for Chapter 11 bankruptcy ([more]() BULLISH BITES 🐝 Social buzz: [Mr Beast]( nearing $100 million TV deal With Amazon. 🚘 Must-see: Ford’s impressive new [48-inch digital dashboard]( is a lot of Android for one car. 😤 Powershift: [The end]( of workplace loyalty—can it be repaired? 🤖 AI-nxiety: [This MIT study]( says AI won't take my job. But it doesn't make me feel too sure that AI won't take my job. 🙌 One app to replace them all: Get everyone working in a single platform designed to manage any type of work. [Try ClickUp now -- it's Free »]( DAILY SHARES [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Excuse me sir, the number is going down. Jan 22, 2024 386 Likes 37 Retweets 26 Replies [tw profile: gaut] gaut @0xgaut [tw] back to ramen until the ETFs do their jobs Jan 23, 2024 78 Likes 4 Retweets 5 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? 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