💼 Can’t keep up

Wall Street can’t keep up with Nvidia’s growth -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 June 24, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Wall Street [can’t keep up]( with Nvidia’s sales growth, [Cathie Wood]( backs Trump for US economy, US regulators [single out]( four banks for flawed 'living wills', [ByteDance]( taps Broadcom to develop AI chip, and Apple and Meta discuss [AI partnership](… Calendar: (all times ET) TUE 6/25: Consumer confidence, 10:00a WED 6/26: New home sales, 10:00a THU 6/27: Initial jobless claims, 8:30a Durable-goods orders, 8:30a FRI 6/28: PCE index, 8:30a Consumer sentiment, 10:00a Your 5-minute briefing for Monday, June 24: BEFORE THE OPEN As of market close 6/21/2024. Bitcoin as of 6/23/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 44.37% for Wk of June 20 2024 (Last week: 44.59%) Market Recap: - Stock futures flat as H1 2024 nears record highs. - Dow, S&P 500 futures steady; Nasdaq 100 up 0.2%. - S&P 500 hit record, gained 0.6% last week. - Nvidia fell 4% last week. - AI enthusiasm boosts market; S&P 500 up 15% YTD. - Earnings: FedEx, Micron, Walgreens, Nike. EARNINGS Here’s what we’re watching this week: - Tuesday: - [FedEx (FDX)]( - earnings of $5.36 per share on $22.1B revenue (+0.7% YoY) - Wednesday: General Mills ([GIS](), Levi Strauss ([LEVI]() - Micron Technology ([MU]() - earnings of $0.51 per share on $6.7B (+77.6% YoY) - Thursday: Lindsay ([LNN](), McCormick & Company ([MKC](), Walgreens Boots Alliance ([WBA]() - Nike ([NKE]() - earnings of $0.84 per share (+27.3% YoY) on $12.9B revenue (+0.2% YoY) Full earnings calendar [here](. Sponsored [Maximize 2024: Uncover "9 Stocks Poised for Growth]( As we step into 2024, seize strategic opportunities in the market. Discover "9 Stocks Set to Soar," handpicked for their potential. Act Now: Before diving into our report, consider the opportunities 2024 holds. The time is ripe.[Go HERE to Get Their Names And Ticker Symbols]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( HEADLINES [Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up]( Chipmaker’s revenue beats have made projections difficult. Recent estimates have deviated from results by an average 12%. [Cathie Wood Plans to Vote for Trump for US Economy]( Cathie Wood said, 'I am a voter when it comes to economics, and on that basis, Trump' - The market is in its longest stretch without a 2% sell-off since the financial crisis ([more]() - Credit spreads widen on political jitters, Treasuries rally ([more]() - Treasury receives $556.7M from auction of airline warrants ([more]() - US official says no decision yet on whether to prosecute Boeing ([more]() - Four banks singled out for flawed 'living wills' by US regulators ([more]() - Dollar steady; yen wobbles as intervention worries linger ([more]() - Asia shares slip as inflation, politics call for caution ([more]() - Yen under pressure even as Japan steps up its verbal warnings ([more]() - China wants EU tariffs on EVs gone by July 4 as talks resume ([more]() - ByteDance working with Broadcom to develop advanced chip ([more]() - Nvidia to launch in Middle East amid US curbs on AI exports to region ([more]() - Apple and Meta have discussed AI partnership ([more]() - Trump previews debate attacks against Biden’s economy ([more]() - Hedge funds’ bullish copper bets run into China’s slowdown ([more]() - Big Food tries to offset obesity drug blow with vitamins, meals ([more]() (sponsored) Weird Pattern Could Send This AI Stock Soaring Every time this pattern has appeared... For the last 244 years... It's given everyday Americans a shot at massive returns. The last time this pattern appeared: Google jumped 5,700%... Netflix shot up 14,400%... Amazon soared a mind-blowing 160,000%... [Here's the next stock we think soars ]( All the best, Simmy Adelman, Publisher Behind the Markets - please support our sponsor - DEALFLOW M+A | Investments - UPS announces sale of Coyote Logistics unit to RXO for $1 bln ([more]() - Brazil gym chain Smart Fit confirms talks for stake in Velocity ([more]() - Japanese trading house Mitsui buys Shale Gas asset in Texas ([more]() - SoundHound (SOUN), a voice AI company, acquired Allset, an online ordering platform connecting restaurants and local customers ([more]() - knownwell, a primary care and metabolic health company, acquired Alfie Health, an obesity management clinic ([more]() - Nextracker (NXT), intelligent solar tracker and software solutions, acquired Ojjo, an energy and solar power generation company, for approximately $119M ([more]() - Honeywell (HON), an integrated operating company, acquired CAES Systems Holdings, a radio frequency technologies company, from Advent International, for $1.9B ([more]() - Altaris purchases Sharecare ([more]() - KKR buys Superstruct Entertainment from Providence ([more]() - Hanwha acquires Philly Shipyard ([more]() VC - BillionToOne, a precision diagnostics company, raised $130M in Series D funding at an over $1B+ valuation ([more]() - HeyGen, an AI video generation platform for businesses, raised $60M in Series A funding at a $500M post-money valuation ([more]() - The Picklr, an indoor pickleball franchise, raised a Series B funding, at $59M valuation ([more]() - Daydream, a search and discovery shopping platform, raised $50M in Seed funding ([more]() - Amplify Life Insurance, a digital platform for wealth-building through permanent life insurance, raised $20M in Series B funding ([more]() - Maxterial, a material science company, raised nearly $8M in Series A funding ([more]() - MEandMine, a startup for classroom well-being using AI to identify psychological risks in children, raised $4.5M in funding ([more]() - Coeptis Therapeutics (COEP), a biopharmaceutical company developing cell therapy platforms closed on $4.3M in financing ([more]() - Backstroke, a generative AI messaging platform, raised $2M in Seed funding ([more]() CRYPTO - Bitcoin extends drop after one of crypto’s worst weeks of 2024 ([more]() - Bitcoin options market isn't buying BTC price weakness, shows bias for $100K calls ([more]() - Crypto ‘secondaries’ prices jump as expectations of IPOs climb ([more]() - Crypto policies will mean a lot to 'disillusioned' voters ([more]() BULLISH BITES 💔 Liquidation: The [fight]( over Fisker’s assets is already heating up. 🚀 AI Superproject: [It’s too late to get in on Nvidia … but not it’s “silent partners”]( * 🇷🇺 Cutting Ties? Coca-Cola (and dozens of others) pledged to [quit Russia](, but they’re still there. 💻 Pushback: Ending [hot desking]( is the latest return to office tactic. 🤝 Dealmaking: The New York [power lunch]( is back. DAILY SHARE [tw profile: The ₿itcoin Therapist] The ₿itcoin Therapist @TheBTCTherapist [tw] Jun 24, 2024 31 Likes 1 Retweet 7 Replies [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] Just rented this room in New York City for $4,500 a month Jun 23, 2024 238 Likes 15 Retweets 32 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] A Finance Bro specific Chipotle Bowl? We’re so back. Jun 21, 2024 1.13K Likes 34 Retweets 24 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. Please conduct your own research and consult an independent financial adviser before making any investments. 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