TLDR

MARKET RECAP → The S&P 500 (VOO) rose Monday, boosted by Nvidia (NVDA) again, as the tech giant announced a new suite of artificial intelligence chips.

GAMESTOP ROARS BACK → 🦁 GameStop (GME) shares leaped 25% as "Roaring Kitty" unveiled a $116 million stake, sparking investor excitement and echoing the wild trading days of 2021.

NYSE TECHNICAL GLITCH → 🔧 A technical glitch at the NYSE caused incorrect stock prices, showing Berkshire Hathaway (BRK.A) down 99% momentarily, leading to temporary market confusion and volatility.

PARAMOUNT AND SKYDANCE MERGER UPDATE → 🎬 Paramount (PARA) and Skydance's potential merger aims to combine resources for high-quality content, strengthening their market position and enhancing their competitive edge in entertainment.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

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TODAY’S TOP NEWS

GameStop Roars Back

🦁 Roaring Kitty's Big Bet: GameStop (GME) shares surged after famed trader "Roaring Kitty" revealed a massive $116 million stock position. This renewed enthusiasm and revived memories of the 2021 trading frenzy.

📈 Stock Surge: The news sent GameStop's stock soaring by over 25%, as retail investors flocked back to the beleaguered retailer, hoping for another dramatic rise. The trader's move was seen as a strong vote of confidence in GameStop's future.

🧐 Market Reaction: Analysts were cautious, noting the potential for volatility given the stock's meme history. The substantial investment by Roaring Kitty was seen as both a catalyst for immediate gains and a possible harbinger of speculative trading patterns reminiscent of previous surges. Apparently, Roaring Kitty held on strong despite the day’s gains 💎 🙌.

TODAY’S TOP NEWS

NYSE Technical Glitch

🔧 Technical Issue: A technical glitch at the New York Stock Exchange (“NYSE”) caused some stock prices to display incorrectly, with notable impacts on major stocks like Berkshire Hathaway (BRK.A), which was incorrectly shown as being down 99%.

📉 Market Impact: This error led to significant confusion and concern among investors. The false data prompted temporary disruptions in trading activities and caused brief market volatility as traders and automated systems reacted to the incorrect prices.

🛠️ Resolution Efforts: The NYSE quickly identified the issue and worked to correct the erroneous stock price displays. They assured investors that the technical problem was being addressed and that trading would resume with accurate data shortly.

TODAY’S TOP NEWS

Paramount and Skydance Merger Update

📽️ Merger Progress: Paramount (PARA) and Skydance have been in talks for a potential merger, aiming to combine their resources and expertise to create a powerhouse in the entertainment industry. This merger is expected to significantly impact the landscape of film and television production.

🎬 Strategic Benefits: The merger would leverage Paramount's extensive distribution network and Skydance's innovative production capabilities. Together, they aim to produce a slate of high-quality content that appeals to global audiences, enhancing their competitive edge against other major studios.

💼 Market Implications: If finalized, this deal would strengthen their market position, allowing for greater investment in cutting-edge technology and content creation. The merger is anticipated to drive growth, increase revenue streams, and provide substantial returns for investors.

BULL VS. BEAR

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• Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more

• Vimcal — Lightning-fast calendar and AI scheduling assistant

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