💼 Smashing records

PLUS - GameStop sinks after annual shareholder meeting fails to deliver -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 June 18, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → S&P 500 hits [30th record]( of 2024, Apple shutting down [Pay Later]( loans, [GameStop sinks]( after annual shareholder meeting fails to deliver, [US sues Adobe]( for hiding fees, and IRS to raise $50 billion by [closing loophole]( exploited by wealthy… Calendar: (all times ET) Today: US retail sales, 8:30a WED, 6/19: MARKET CLOSED (Juneteenth) THU, 6/20: Initial jobless claims, 8:30a FRI, 6/21: Existing home sales, 10:00a Your 5-minute briefing for Tuesday, June 18: BEFORE THE OPEN As of market close 6/17/2024. Pre-Market: US Investor % Bullish Sentiment: ￪ 44.59% for Wk of June 13 2024 (Last week: 38.97%) Market Recap: - S&P +0.77%, Nasdaq +0.95% - seventh weekly gain in eight weeks. - Dow added 188.94 points, snapping 4-day losing streak. - Tech led gains: Microsoft +1%, Apple +2%, Alphabet, Amazon, Meta higher. - Nvidia hit new high but closed lower; Broadcom up 5.4%. - Market momentum questioned despite gains. - Investors await May retail sales data Tuesday. EARNINGS Here’s what we’re watching this week: - Thursday: Accenture ([ACN](), Kroger ([KR](), Smith & Wesson Brands ([SWBI]() - [Darden Restaurants (DRI)]( - earnings of $2.62 per share (+1.6% YoY) on $2.98B (+7.4% YoY) - Friday: Carmax ([KMX]() Full earnings calendar [here](. Which Stocks Have Cyclical Price Patterns? Let's get right to it! In this edition, we spotlight stocks that historically have risen... [Download our Report: Profiting from Electric Vehicle (EV) Stocks!]( *(**By clicking this link you are subscribing to The Investing Ideas Daily Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( [Get Ready for the Impending Crisis: Are You Prepared?]( ***By clicking the link you are subscribing to The Premium Market News Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [(Privacy Policy/Disclosures)]( HEADLINES [S&P 500 Hits 30th Record of 2024]( Home Depot’s jumbo bond sale leads slew of US debt issuers. Traders gearing up for Tuesday’s retail sales and Fed speakers. [Apple Shutting Down Pay Later, Its Affirm Rival, After One Year]( Company announced third-party offerings are coming to iOS 18. Apple will no longer offer new loans via Pay Later service. - Fed Chair Powell scheduled for July 9 Senate Banking testimony ([more]() - Boeing CEO to tell US Congress planemaker's culture is 'far from perfect' ([more]() - Supreme Court to hear Nvidia appeal of crypto sales lawsuit ([more]() - IRS to raise $50B by closing loophole exploited by the wealthy ([more]() - US sues Adobe for hiding fees, making it difficult to cancel ([more]() - US crude oil rallies more than 2% to top $80 per barrel, adding to last week’s gains ([more]() - China's housing market crash intensifies ([more]() - GameStop drops to session lows after annual meeting fails to offer details on firm’s strategy ([more]() - Apple extends rally with a record-breaking stock market value ([more]() - Berkshire Hathaway trims stake in Chinese EV maker BYD to 6.9% ([more]() - Ken Fisher’s fortune to more than double on private equity sale ([more]() - 'Bond King' Bill Gross smashes several records in sale of rare stamp collection ([more]() - Trafigura agrees to pay $55 million to settle CFTC charges ([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 - Primo Water and BlueTriton enter into merger agreement ([more]() - Carlyle completes purchase of Seattle women's soccer club ([more]() - GrubMarket, an AI-powered tech enabler and digital transformer for the food supply chain industry, acquired Parsemony, enterprise software services for food service suppliers ([more]() - Venezuela mulls proposal to extend PDVSA-Chevron oil joint venture through 2047 ([more]() - Finland’s Sampo to buy $4.7B valued Topdanmark ([more]() - Deutsche Bank buys €1.7B aviation loans from NordLB ([more]() - Seche Environnement to buy Singaporean hazardous waste firm ECO for $447M ([more]() - Evercoast, end-to-end 3D spatial video software, acquired Depthkit, a company specializing in volumetric capture ([more]() - Shift4, a company specializing in integrated payments technology, acquired a majority stake in Vectron Systems AG, a supplier of POS systems to the restaurant and hospitality verticals ([more]() - Clearhaven Partners, a software private equity firm, acquired Zixi, a cloud based and on-premises software-defined video platform ([more]() - Digits, an automated bookkeeping solution for startups, acquired Basis Finance, a budgeting and forecasting platform ([more]() - Qualus, a power services firm, acquired ASSET Engineering, a differentiated power engineering and consulting firm ([more]() VC - Princeton Medspa Partners, a national medspa acquisition platform in medical aesthetics market, closed $120M in Growth financing ([more]() - Elion Therapeutics, a biotech company advancing the treatment of invasive fungal infections, closed a $81M Series B funding ([more]() - Princeton NuEnergy, a leader in lithium-ion battery direct recycling, closed a $30M Series A funding ([more]() - Tinybrid, a real-time data platform for data and engineering teams, raised $30M in Series B funding ([more]() - Constructor, an AI-powered product discovery and search platform for enterprise ecommerce companies, raised $25M in Series B funding, bringing the company’s valuation to $550M ([more]() - Autify, an AI platform for quality engineering, raised $13M in Series B funding ([more]() - Tender, a food tech startup, raised $11M in Series A funding ([more]() - Hona, a company specializing in client engagement software for law firms, raised $9.5M in Series A funding ([more]() - Valuebase, a provider of data-driven property valuations, raised $6.3M in Seed funding ([more]() CRYPTO - US SEC's crypto enforcer David Hirsch quits ([more]() - Bitcoin bounces to $67K with BTC miners rallying 5%-10% ([more]() - New twist on old bond-market strategy lures billions into crypto project ([more]() - Trump and Biden shift strategies to compete for crypto voters ([more]() BULLISH BITES 🤑 Rising up: How the US [mopped up]( a third of global capital flows since Covid. 🚀 Next big bet: [New AI Superproject could propel Nvidia]( to first $10 trillion company[Â](* 🔥 New trading: Why NYC’s hottest dining reservations will stay [impossible]( to score. ⬆️ Surge: California's biggest utility expects power [demand to double]( by 2040. 🍷 Next level: Chef James Kent saw the future of [Wall Street dining](. DAILY SHARE [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] They never paid later. 😂 The Spectator Index @spectatorindex JUST IN: Apple has stopped issuing loans through its Apple Pay Later program that was launched last year Jun 17, 2024 252 Likes 9 Retweets 17 Replies [tw profile: Buyside Scum] Buyside Scum @CorpFinScum [tw] Jun 17, 2024 13.5K Likes 768 Retweets 31 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] I had to fire 2 employees today They were great workers and the rest of the team liked them, but unfortunately, after looking at their 401k, I discovered they were value investors It was a hard decision, but necessary Jun 17, 2024 388 Likes 9 Retweets 15 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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