Happy Tuesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.

• 🟩 | The S&P 500 rose to a fresh record-high thanks to a sharp rise in Nvidia shares. More on that below. Both the Dow and Nasdaq finished higher as well.

• 📈 | One Notable Gainer: Freeport-McMoRan jumped 8% in Tuesday's trading, surging to the top of the S&P 500 leaderboard, as China's new stimulus measures announced in support of its economy and equity markets are lifting commodities of all kinds, including crude oil.

• 📉 | One Notable Decliner: Global Payments stock slid 6.5% after unveiling its 2025 guidance and transformation plan.

• 🌀 | Tomorrow's Trade: A Hurricane Is Forming. Could this stock benefit?

Plus, today’s partner is an American company developing a smarter way to net zero…

TOGETHER WITH CONNECTM

A Smarter Way to Net Zero

ConnectM (NASDAQ: CNTM) is a clean energy technology and solutions provider for residential and light commercial buildings and all-electric original equipment manufacturers (OEMs). 

Their proprietary digital platform accelerates the transition to solar and all-electric heating, cooling, and transportation. By leveraging innovative technology, data, and artificial intelligence, ConnectM empowers customers to reduce their dependence on fossil fuels, lower overall energy costs, and minimize their carbon footprint. 

They make electrification more user-friendly, affordable, and socially impactful. 

Plus, they’re based right here in the USA out of Marlborough, Massachusetts.

Click here to learn more about an American company that’s leading the charge on innovation in the energy space.

MARKET MOVERS

Nvidia, Smartsheet, Flowserve

NVDA (4%) Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit (CNBC)

SMAR (6.5%) Blackstone, Vista Reach $8.4 Billion Deal to Buy Smartsheet (YF)

THO (6.2%) RV Maker Thor Industries Stock Soars as It Sees Industry Improvement Ahead (Investopedia)

FLS (7.2%) Flowserve has ‘underappreciated nuclear exposure,’ says BofA (Tipranks)

BNTX (4.8%) PFE & BNTX Get Positive CHMP Opinion for Updated COVID-19 Jab (YF)

OVERHEARD ON THE STREET

AP: The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.

CNBC: The jobless rate for people in China ages 16 to 24, and not in school, rose to 18.8% last month, the highest level since the new system of record-keeping began in December.

Reuters: Republican presidential candidate Donald Trump said on Tuesday that he will put a 100% tariff on every car coming into the United States across the Mexican border if he wins the Nov. 5 election against Democratic Vice President Kamala Harris.

Bloomberg: Chevron Corp. paid $6.25 billion in taxes and shared oil production to Nigeria, Angola, and Equatorial Guinea in 2023, three times more than the company paid to the US government.

NYT Business: Businesses are preparing for a strike by dockworkers on the East and Gulf Coasts, which could begin Oct. 1 if negotiations don’t yield a new contract.

TOMORROW’S TRADE IDEA, TODAY

A Hurricane Is Forming. Could This Stock Benefit?

Confident Leadership

Generac Holdings (GNRC) sales are set to surge in the near future — at least that’s what CEO Aaron Jagdfeld thinks. 

According to Jagdfeld, the backup generator manufacturer could see its sales increase exponentially, given two emerging trends: the rise of AI and an influx of extreme weather events.

High-Wind Tailwinds

Jagdfeld believes Americans are already increasingly taking their power consumption into their own hands, utilizing generators to back up their homes and businesses. This may only accelerate as AI-powered data centers put more strain on the US power grid. 

On top of an over-extended power grid, extreme weather events like hurricanes, heat waves, and wildfires are taking a toll on power infrastructure. Jagdfeld says Americans are losing confidence in the power supply, while his company stands ready to provide the products they need.

Strong Fundamentals

The projected increasing popularity of its products isn’t the only thing Generac has going for it. It also has some pretty strong fundamentals to boot. 

13 analysts covering the stock recently increased their earnings estimates, and the company has historically beaten earnings by nearly 10% per share on average. It currently sits at a Price/Cash Flow ratio of 17.4x and a Price/Sales ratio of 2.1x.

If the analysts and company insiders are to be believed, Generac could be primed to generate some major growth.

TOGETHER WITH CONNECT M

A Smarter Way to Net Zero

ConnectM (NASDAQ: CNTM) is a clean energy technology and solutions provider for residential and light commercial buildings and all-electric original equipment manufacturers (OEMs). 

Their proprietary digital platform accelerates the transition to solar and all-electric heating, cooling, and transportation. By leveraging innovative technology, data, and artificial intelligence, ConnectM empowers customers to reduce their dependence on fossil fuels, lower overall energy costs, and minimize their carbon footprint. 

They make electrification more user-friendly, affordable, and socially impactful. 

Plus, they’re based right here in the USA out of Marlborough, Massachusetts.

Click here to learn more about an American company that’s leading the charge on innovation in the energy space.

ON OUR RADAR

NBC New York: Sean "Diddy" Combs, who was arrested last week on allegations of sex trafficking and racketeering, is being housed in the same living space of a federal detention center in Brooklyn as disgraced former crypto exec Sam Bankman-Fried, three sources familiar with the matter tell NBC New York.

Bloomberg: Raspberry PI Holdings Plc shares rallied after reporting a jump in sales, cementing the computer maker’s status as the only winner from a recent wave of listings on the London Stock Exchange.

CNBC: Sen. Bernie Sanders argues that Novo Nordisk charges Americans substantially higher prices for its drugs than it does for patients in other countries.

Bloomberg: Goldman Sachs Chief US Equity Strategist David Kostin sees the S&P 500 at 6,000 a year from now.

CNBC: Activist investor Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week.”

YESTERDAY’S POLL RESULTS

Are you bullish or bearish on SUSS MicroTec (SESMF) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨⬜️⬜️⬜️⬜️⬜️ 🐻 Bearish

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