Happy Friday 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.

• 🟩 | US stocks rose on Friday. The Nasdaq reached a new high, surpassing its previous record in 2021. The S&P 500 also closed above 5100 for the first time. Wall Street seems to think investing in large technology companies is a smart move to benefit from the expected decrease in inflation and the upcoming growth of artificial intelligence.

• 📈 | One Notable Gainer: Spirit AeroSystems shares jumped 15% after reports surfaced that Boeing is in talks with the company to reacquire the fuselage supplier nearly 20 years after spinning it off into a separate business.

• 📉 | One Notable Decliner: Shares of New York Community Bancorp dropped 26% after the bank revealed concerns about "internal controls" and announced a new CEO after the market closed on Thursday.

• 🚢 | Tomorrow's Trade: Cruise Line Stocks Are Setting Sail. Scroll down for more.

Plus, today’s partner outlined 9 easy ways to get money without getting a job.

POLL RESULTS

Yesterday we asked if you like the heatmaps below. Here are the results:

• 🟩🟩🟩🟩🟩🟩 👍 Yes - Keep Them (71%)

• 🟨🟨⬜️⬜️⬜️⬜️ 👎 No - Remove Them (29%)

Some of the comments on the poll were:

• “I subscribed to the newsletter for the heat maps!”

• “Can't hardly see them and don't understand them”

Since most people want to keep them we will keep them. We’ll also look for other options that make the information easier to understand, especially on a phone. Thank you for the input, the responses were amazing and highlight how engaged this newsletter is. You guys are the best.

MARKET MOVERS

Daimler Trucks, Root, Dell

DTG-DE (+18%) Daimler Truck shares jump on investor cash haul, 2024 earnings outlook (Reuters)

ROOT (+21%) Root stock climbs after Jefferies upgrades to Buy on improved loss ratio (Seeking Alpha)

DELL (+32%) Dell stock takes off after reporting Q4 earnings beat (Yahoo Finance)

ZS (-9%) Zscaler shares fall as revenue growth pace slows (Reuters)

META (+2%) Meta is reportedly set to unveil its first augmented reality or AR glasses, codenamed Orion, at Meta’s annual Connect event this fall. (Benzinga)

POWERED BY FINANCE BUZZ

9 Easy Ways To Get Money Without Getting A Job

There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.

But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take home pay.

Thankfully, there's a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.

OVERHEARD ON THE STREET

YF: The odds of a US recession are "vanishingly low," Wells Fargo's head macro strategist says. "The underlying economy is pretty good, but it's not hot enough yet to spook the Feds. So [it's] a good comfort zone for a lot of people."

YF: The US economy is at risk of tilting towards stagflation, or a period marked by low growth and persistently high inflation, which would prompt investors to favor stocks over bonds, says JPMorgan

BI: The US GDP could grow by an extra 1% if 60 million Americans took GLP-1 drugs by 2028, Jan Hatzius, the chief economist at Goldman Sachs, wrote.

CNBC: The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.

WSJ: Reddit is targeting a valuation of up to $6.5 billion in its highly anticipated IPO, far less than the social-media company was worth a few years ago.

A MESSAGE FROM OUR PARTNERS

TOMORROW’S TRADE IDEA, TODAY

Cruise Line Stocks Are Setting Sail

A Sinking Ship

Not too long ago, cruise line stocks were sinking faster than a boat taking on water. 

But with Covid travel restrictions fading away, the industry has done a complete 180. Leading cruise lines Royal Caribbean (RCL) and Carnival (CCL) were up 162% and 130% in 2023, respectively. 

As further evidence of the industry’s rebound, Viking Holdings recently announced that it has started the IPO process.

Bring back the IPO

The pandemic hit cruise lines harder and longer than other companies in the travel industry. Norwegian Cruise Line (NCLH) reported its first profitable year since 2019. The stock gained 64% last year. 

Viking’s IPO timing is a testament to consumer confidence in the industry’s current strength.

IPOs have been down recently, with only 154 occurring in 2023, versus 1,035 in 2021. The IPO market is expected to begin making its comeback this year. 30 companies have already gone public in January and February.

Not Sinking Anymore

Melius Research analyst Conor Cunningham has Carnival, Royal Caribbean, and Norwegian all listed as “buys.” The stocks are all down this year. 

Based on his target prices, Cunningham gives Carnival and Royal Caribbean more than 25% upside. He expects Norwegian to rise 12% over the next year.

Lately, it’s been smooth sailing for cruise lines. Let’s see if this trend continues in 2024.

POWERED BY FINANCE BUZZ

9 Easy Ways To Get Money Without Getting A Job

There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.

But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take home pay.

Thankfully, there's a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.

ON OUR RADAR

CNBC: The nation's millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a "lack of fairness" in the tax system, according to the head of the Internal Revenue Service.

BI: US households and nonprofits have quadrupled equity allocations over the past 40 years to a near-record high of 41%.

WSJ: Pharmacy chains CVS and Walgreens will begin dispensing mifepristone, commonly known as the abortion pill, in coming weeks.

The Title Report: Property data curator ATTOM released its January 2024 U.S. Foreclosure Market Report, which showed there were a total of 33,270 U.S. properties with foreclosure filings, up 5 percent from a year ago and up 10 percent from December 2023.

BI: As of January, the Bureau of Labor Statistics estimated that roughly 416,000 Americans were working two full-time jobs at the same time.

A MESSAGE FROM OUR PARTNERS