💼 Rebound

Wall Street rallies to its best day since 2022 -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 09, 2024 | [Listen Online]( | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → [Wall Street rallies]( to its best day since 2022, jobless claims [decline]( by most in a year, Paramount to [lay off]( 15% of staff, BlackRock plans [new ETFs](, and [Cathie Wood buys]( $28 million of battered tech stock … 🚨 [CNBC's ‘Prophet’ issues important Fed warning »]( - a message from Stansberry Research Calendar: (all times ET) No notable events today. See [next week’s]([calendar]( Your 5-minute briefing for Friday, August 9: BEFORE THE OPEN As of market close 8/8/2024. Pre-Market: US Investor % Bullish Sentiment: ↓40.54% for Wk of August 08 2024 Last week: 44.88%. Updates every Friday. Market Wrap: - S&P futures up 0.16%, Nasdaq 100 up 0.28%, Dow up 0.1% - Paramount Global rose 5% on strong earnings; E.l.f. Beauty down 10% on cautious outlook - S&P +2.3%, Dow +683 points (+1.8%), Nasdaq +2.87% - Rebound followed earlier sell-off on weak payrolls, Fed rate worries, yen trade unwind - Investors bought the dip, seeing it as a healthy correction - Indexes still down for the week: S&P -0.5%, Nasdaq/Dow -0.7% EARNINGS No stocks on our watch list today. Full earnings calendar [here](. Our No. 1 Stock for the Rare "Millionaire Window" Opening NOW According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It's an often-misunderstood market setup we've only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich. [Get our No. 1 stock (with 500%-plus upside potential) for this rare market event now]([.]( - sponsored message - HEADLINES [Wall Street Rallies to Its Best Day Since 2022]( US stock indexes soared on Thursday as new jobless claims data raised investors' confidence. [Paramount to Lay Off 15% of Staff Amid Brutal Period in Media]( The company is also exploring “potential strategic partnerships” for Paramount+ and is reevaluating its portfolio with an eye to improving its balance sheet. - US initial jobless claims decline by most in nearly a year ([more]() - Mortgage rates in plunge to the lowest level since may 2023 ([more]() - Oil poised for weekly gain with eyes on Middle East, equities ([more]() - Asian shares set to end brutal week on a high, yen under pressure ([more]() - Nasdaq considers stricter delisting rules for penny stocks ([more]() - Wall St bonus watcher says some payouts will jump up to 35% ([more]() - Private equity builds $722B war chest in hunt for deals ([more]() - BlackRock plans new ETFs to ride - or dodge - biggest tech firms ([more]() - Pressure mounts on Warner Bros. CEO to deliver value for shareholders - Cathie Wood buys $28 million of battered tech stock ([more]() - Palantir jumps 11% on Microsoft partnership to sell AI to U.S. defense, intel agencies ([more]() - Private credit boxed out of M&A deals by banks as lending battle escalates ([more]() DEALFLOW M+A | Investments - Les Schwab Tire's owner explores sale valuing it at over $7 billion ([more]() - CVC, ADIA to buy Hargreaves Lansdown in £5.4B deal ([more]() - Box, an intelligent content cloud company, acquired Alphamoon Technology, an AI-powered, intelligent document processing technology company ([more]() - Epilog Partners, a provider of a private equity platform for healthcare’s complexity, acquired Care Connectors Medical Group, an on-demand platform for value-based care ([more]() - GrubMarket, a tech-enabled food eCommerce company, acquired Good Eggs, an online grocery service renowned for its commitment to sustainability, local sourcing, and high-quality food ([more]() - Kronologic, a customer engagement and AI schedule platform, was acquired by East11 Ventures ([more]() - MPAY, payroll and human capital management solutions, acquired Southland Data Processing, a payroll solutions company ([more]() - SoundHound AI, a voice artificial intelligence company, acquired Amelia, an enterprise AI software company ([more]() - SurgNet Health Partners, Inc., an ambulatory surgery center development and management company, acquired Tuscaloosa Endoscopy Center, a provider of gastrointestinal diagnostic and therapeutic endoscopic procedures ([more]() - ZipRecruiter, an online employment marketplace, acquired Breakroom, an employer review platform ([more]() - Cresso Health, a tech-enabled provider of sales and marketing solutions for health insurance carriers, received an investment from Cypress Ridge Capital ([more]() VC - CarbonQuest, a distributed carbon capture tech provider, raised an undisclosed amount in Series A funding ([more]() - Flyr, a technology company for the travel industry, raised $295M in funding ([more]() - CloudPay, an independent provider of global payroll and payment solutions, raised $120M in funding ([more]() - IDRx, a clinical-stage biopharma company, raised $120M in Series B funding ([more]() - Rewest, a provider of an automation platform for managed service providers, raised $45M in funding ([more]() - Cents, a provider of an all-in-one business management platform for laundry businesses, raised $40M in Series B funding ([more]() - Level AI, an LLM-native customer experience intelligence automation space, raised $39.4M in Series C funding ([more]() - Syso Technologies, a market operator of renewable energy and battery storage assets, raised $14.5M in Series B funding ([more]() - Plonts, a plant-based foods company, raised $12M in Seed funding ([more]() - Chariot, a payments company dedicated to Donor Advised Fund giving, raised $11M in funding ([more]() - Seven Starling, a virtual provider of women's behavioral health services, raised $10.9M in Series A funding ([more]() - Feeling Great, a provider of newly launched app called the Feeling Great app, raised $8M in Seed funding ([more]() - InventWood, a company transforming wood into superwood building products, raised $8M in funding ([more]() - 375ai, a decentralized data intelligence network, raised $5M in Seed funding ([more]() - Chaiz, a comparison marketplace for extended car warranties, raised $3.7M in Seed funding ([more]() - AmorSui, a modern personal protective equipment brand, raised $3.5M in Seed funding ([more]() - Terrantic, a platform for the food supply chain, raised $3.5M in Seed funding ([more]() - Bardeen, AI agents that automate repetitive knowledge work using a natural language interface, raised $3M in funding ([more]() - Prana Thoracic, a medtech startup specializing in lung cancer intervention, raised $3M in Series A extension ([more]() - BrandRank.AI, a company specializing in generative AI-based brand search analytics, raised $1.2M in Seed and Angel funding ([more]() CRYPTO - Crypto executives clash with Democratic leaders in heated Zoom meeting ([more]() - Bitcoin nears $60K as crypto bounce accelerates ([more]() - FTX, Alameda ordered to pay $12.7B to creditors by US Judge ([more]() BULLISH BITES 🚨 Whitney Tilson:[Â](“[Get out of cash before the Fed's next meeting](” * 📊 Pursuits: [Activist investor]( who took on Apple, Exxon readies his next act. 👋 Layoff Wave: A comprehensive list of [2024 tech layoffs](. 🏊🏻‍♀️ Fun Fact: The Olympic pool for diving and water polo gets its heat from [data centers](. 👜 Inside Look: Inside Nicolas Ghesquière’s [triumphant]( first decade at Louis Vuitton. DAILY SHARE [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] I need to know what drugs Zuck is on. Impossible for one of our evil tech overlords to be this happy IRL. 1:25 PM • Aug 8, 2024 521 Likes 21 Retweets 180 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] This is what happens when you ask women to make the first move [tw profile: zerohedge] zerohedge @zerohedge *BUMBLE SHARES FALL 38% AT OPEN IN LARGEST DROP ON RECORD 7:08 PM • Aug 8, 2024 2.64K Likes 162 Retweets 26 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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