💼 Emerging market picks

Goldman sees India’s stocks, bonds and Rupee as top emerging market picks -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 May 30, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Goldman sees India’s stocks, bonds and Rupee as [top emerging market picks](, [Salesforce plunges]( 16% on first revenue miss in 18 years, Wall St shift to [faster trade settlement]( smooth so far, US firms grow [more pessimistic]( on economic outlook, and McDonald’s exec says menu items [costs 40% more]( than 2019. Full briefing ahead, but first… 📈 Missed Bitcoin? Here's your shot at redemption. [Click here]( — [Grab your COMPLIMENTARY Guide to Investing in Gold NOW.]( * Calendar: (all times ET) Today: Initial jobless claims, 8:30a FRI, 5/31: PCE Index, 8:30a Your 5-minute briefing for Thursday, May 30: BEFORE THE OPEN As of market close 5/29/2024. Pre-Market: US Investor % Bullish Sentiment:  47.04% for Wk of May 23 2024 (Last week: 40.86%). Market Recap: - Nasdaq fell 0.6%, S&P -0.7%, Dow -1.1% - Salesforce dropped 16% on revenue miss and weak guidance - Over 400 S&P 500 stocks negative, all 11 sectors fell - 10-year Treasury yield rose above 4.6% - Focus: jobless claims, Q1 GDP second reading - Earnings: Best Buy, Dollar General, Dell, Costco, Gap, Nordstrom EARNINGS Here’s what we’re watching this week: - Today: Asana ([ASAN](), Best Buy ([BBY](), Birkenstock Holding ([BIRK](), Costco Wholesale ([COST](), Cracker Barrel ([CBRL](), Gap ([GPS](), Kohl's ([KSS](), Nordstrom ([JWN](), Ulta Beauty ([ULTA]() - [Dell Technologies (DELL)]( - earnings of $1.26 per share (-3.8% YoY) on $21.7B revenue (+6.9% YoY) - [Dollar General (DG)]( - earnings of $1.57 per share (-32.9% YoY) on $9.9B (+6.5%) Full earnings calendar [here]( HEADLINES [Salesforce Shares Plunge 16% on First Revenue Miss Since 2006]( The company's earnings and revenue outlook for the second quarter also fell short of the Street's estimates, as did full-year revenue guidance. [Goldman Sees India’s Stocks, Bonds and Rupee as Top Emerging Market Picks]( Come for the resilience, stay for the upside, say its analysts. Strength of domestic macro fundamentals to drive assets. - Indexes end lower amid rate concerns, higher bond yields ([more]() - US firms more pessimistic on economic outlook, Fed survey shows ([more]() - Wall St says shift to faster trade settlement smooth so far ([more]() - Homeowners with ARM’s are about to get whacked ([more]() - Oil sinks as weak Treasury auction creates risk-off sentiment ([more]() - Dimon says ‘could be hell to pay’ if private credit sours ([more]() - McDonald’s exec says average menu item costs 40% more than 2019 ([more]() - Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue ([more]() - Cadillac’s new entry-level Optiq EV to start at $54K ([more]() - Stellantis $25,000 Jeep EV coming to the US ‘very soon’ ([more]() - Visa, Mastercard to pay $197M to settle consumer ATM fee lawsuit ([more]() - Vox Media and The Atlantic sign content deals with OpenAI ([more]() - GPT-4 is better than humans at financial forecasting ([more]() - Nelson Peltz sells entire Disney stake weeks after losing proxy battle ([more]() SPONSORED BY TRADINGVIEW Where the world does markets— 👋 Come see what you’re missing! [Join 50 million traders]( taking the future into their own hands. [Use TradingView for FREE today]( and experience the supercharged, super-charting platform and social network for traders and investors… [Take me there »]( - please support our sponsors - DEALFLOW M+A | Investments - ConocoPhillips to buy Marathon Oil in $17B all-stock deal that bolsters shale assets ([more]() - Double Eagle explores $6.5B sale of shale oil producer ([more]() - Sony in talks to buy Queen’s music catalog in potential $1 billion deal ([more]() - BHP walks away from $49B pursuit of mining rival Anglo ([more]() - Merck to buy startup EyeBio for up to $3 billion ([more]() - Gol parent company starts talks with Azul for possible deal ([more]() - TransDigm Group Inc., a producer and supplier of components for military aircraft, acquired Raptor Labs Holdco, a manufacturer of test and measurement solutions, for $655M ([more]() - GTCR acquires Surmodics for $627M ([more]() - KKR purchases minority equity interest in Labrador Island Link ([more]() - Stout acquires HealthCare Appraisers ([more]() - Hudson Glade purchases Quality First Home Improvement ([more]() - Thyme Care, a value-based cancer care enabler, received an investment from Echo Health Ventures, and CVS Health Ventures ([more]() - OpsMx, a provider of a platform offering visibility, control, and flexibility in managing software delivery, received an investment from CerraCap Ventures ([more]() - Linden Capital Partners, a healthcare private equity firm, received a minority investment from Blue Owl's GP Strategic Capital platform and Lunate Capital via their joint venture ([more]() VC - Aperture Finance, a DeFi platform, raised an undisclosed amount in Series A funding, at $250M valuation ([more]() - Solutions by Text, a platform for compliance-first messaging and payments, raised $110M in new growth financing ([more]() - One Energy, an industrial power company and installer of on-site, wind energy in the US, raised $35+M in Series A funding ([more]() - Gameto, a biotech company advancing treatment options in women’s health, raised $33M in Series B funding ([more]() - TraceAir, site intelligence software for homebuilders and land developers, raised $25M in Series B funding ([more]() - Maven AGI, an AI customer support startup, raised $20M in Series A funding ([more]() - Lucy Therapeutics, a biotech company, raised $12.5M in funding ([more]() - Authentic, an insurtech startup for SaaS franchisors to offer affordable insurance policies to their SMB customers, raised $11M in Series A funding ([more]() - GaiaNet, an AI infrastructure project that aims to decentralize current AI agent software, raised $10M in Seed funding ([more]() - EverFence, a digital platform connecting homeowners and contractors, raised $7M in Series A funding ([more]() - Matter Bio, a biotech company preserving genome integrity and extending healthy human lifespan, raised $7M in Seed funding ([more]() - ZeroMark, a defense tech startup, raised $7M in Seed funding ([more]() - Posterity Health, a center for male reproductive health, raised $6M in funding ([more]() - SmartPM Technologies, Inc., automated project controls software for construction, raised $5.5M in Series A funding ([more]() - Wavelogix, a proprietary IoT sensing and data analytics platform, received $3M in funding ([more]() - Creator fintech Slingshot raises $2.2M ([more]() CRYPTO - BlackRock’s $20B ETF is now the world’s largest Bitcoin fund ([more]() - Cathie Wood says Ether ETF filings were approved because crypto is an election issue ([more]() - Hidden Road stops offering clients access to crypto venue Bybit ([more]() - US Treasury describes NFTs as 'highly susceptible to use in fraud and scams' ([more]() BULLISH BITES 🧐 Inside Look: Former OpenAI board member explains [why CEO Sam Altman got fired]( before he was rehired. 🤖 Next lLevel: Mistral releases [Codestral,]( its first generative AI model for code. 🚀 Act Fast: Gold's unstoppable rise and [how you can benefit](. * ⚡️ Playbook: To those interested in fighting misinformation, "[prebunking](" is all the rage. 🏠On The Market: This $5.2M Illinois mansion starred in ‘[Home Alone](.’ DAILY SHARE [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Nvidia May 29, 2024 3.45K Likes 196 Retweets 32 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] These Salesforce numbers are the worst thing a Benioff has done since the Game of Thrones final season May 30, 2024 80 Likes 3 Retweets 2 Replies [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] 💀 💀 💀 May 29, 2024 1.96K Likes 89 Retweets 16 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] We’ve gone full circle May 30, 2024 463 Likes 52 Retweets 35 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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