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.

• 🟨 | US stocks were mixed Tuesday, with the Dow falling slightly, the S&P 500 mostly unchanged, and the Nasdaq hitting a new high during trading.

• 📈 | One Notable Gainer: Credo Technology shares surged 48% on strong Q2 earnings and raised revenue guidance, beating forecasts with $72M revenue.

• 📉 | One Notable Decliner: U.S. Steel shares fell 8% after President-elect Trump pledged to block its sale to Japan’s Nippon Steel.

Plus, diet, exercise, and healthy habits can only do so much to boost your productivity. Today’s sponsor can help you take it to the next level.

Sponsored by Maximus

Maximize your productivity and win more trades

For productivity around trading.

Diet, exercise, and healthy habits can only do so much to boost your productivity…

Take it to the next level with Enclomiphene from Maximus—an innovative solution that raises your testosterone without compromising natural production.

When you’re up against the clock and facing high-stakes decisions, low T doesn’t have to hold you back. 

Unlock peak performance, better mood, and more drive to crush your goals, every day with Maximus’ testosterone protocols

MARKET MOVERS

AT&T, Upstart, Zscaler

T (+4.6%) AT&T stock jumps as CEO Stankey defends dividend in new growth plan (The Street)

UPST (+8%) Upstart upgraded to Buy at Redburn on positive inflection (Seeking Alpha)

ZS (-4.7%) Zscaler's In-line Revenue Guidance Underwhelms Investors. CFO Retiring. (IBD)

TSLA (-1.6%) Tesla stock slides after Elon Musk's multibillion dollar pay package gets blocked (YF)

FDX (-4.7%) JPMorgan bullish, Bernstein cautious on FedEx ahead of earnings (TipRanks)

OVERHEARD ON THE STREET

CNBC: Apple is using Amazon’s custom AI chips for services like search and may explore using them for pre-training AI models, endorsing AWS in the AI cloud race.

QZ: Intel's ousted CEO Pat Gelsinger may receive over $10 million in severance, including salary, bonus, and performance payments.

Axios: BlackRock is buying private credit manager HPS for $12B, expanding into a $220B market, with the deal closing in mid-2025.

WSJ: Humana appointed Celeste Mellet as CFO, succeeding Susan Diamond, to boost Medicare plan ratings with her experience in finance and regulated industries.

Axios: GM is selling its stake in a Michigan battery plant to LG, deepening its partnership with LG Energy Solution through Ultium Cells.

TOMORROW’S TRADE IDEA, TODAY

CVS is Shaking Things Up

Light at the End of the Tunnel

Deutsche Bank has lifted its rating on CVS (CVS) from hold to buy, with a $66 price target implying around 12% upside from current prices. The stock is down over 26% YTD.

Analyst George Hill stated that he believes its earnings and multiple have reached their bottom, and cited the company’s commitment to growth as cause to be bullish.

A Costly Error

CVS shareholders have been disappointed by the stock for a long time as the company has struggled to deal with rising medical costs, resulting in its profitability taking a major hit.

To make matters worse, CVS underestimated its medical costs when pricing healthcare plans for this year, which caused a deficiency in premiums.

Its Q3 EPS was $1.09, down from $2.21 year-over-year.

Leadership Change

However, its total revenue is up 6.3% year-over-year and it added 1.4 million new members. It filled 432 million subscriptions in Q3, up 9% compared to last year’s third quarter.

The company has been shaking things up through management changes, bringing in a new CEO and Aetna leadership. This new leadership aims to foster growth by improving margins and cutting costs by closing underperforming stores.

As a result, analysts are projecting a 20% increase in its adjusted EPS in 2025.

Join this Viral Daily Trade Alert Subscription, Free

• Receive daily stock trade alerts sent directly to your phone and email.

• Stay informed with timely market insights and expert analysis.

• Join a community of 150,000+ subscribers benefiting from these alerts

• Stay ahead of market trends and capitalize on emerging opportunities.

Subscribe for Free

ON OUR RADAR

CNBC: South Korean stocks fluctuated wildly after President Yoon declared martial law, but rebounded when he lifted the emergency decree.

QZ: Cyber Monday hit a record $13.3B in sales, up 7.3% from last year, topping Black Friday and driving strong Cyber Week growth.

CNN: China criticized new U.S. export controls on semiconductors, escalating tensions as Beijing aims for tech self-sufficiency.

CNBC: Banks, including Synchrony and Citi, raised credit card rates and fees, citing a proposed CFPB rule on late fees unlikely to take effect.

CNN: Cargill, food production giant and America's largest private company, is laying off 5% of its workforce as food prices drop following pandemic-era gains.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Disney (DIS) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜️⬜️⬜️⬜️ 🐻 Bearish