Happy Monday 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 finished mixed today. The S&P 500 and Dow closed in the red, but well above their intraday lows, after the former opened another rollercoaster day of tariff-related movement in a bear market.
  📈 | One Notable Gainer: Super Micro Computer $SMCI ( ▲ 1.09% ) led the S&P 500 as investors snapped up chip stocks on the cheap. NVIDIA $NVDA ( ▲ 1.35% ) shares also rose.

• 📉 | One Notable Decliner: Strategy $MSTR ( ▼ 0.23% ) (formerly MicroStrategy) sold off after forecasting a first-quarter loss amid Bitcoin’s drop in value.

MARKET MOVERS

US Steel, US Automakers, Chinese Tech Stocks

$X ( ▲ 1.17% ) U.S. Steel Stock Rises as Trump Orders Review of Nippon Deal (Barron’s)

$F ( ▼ 2.68% ) / $GM ( ▼ 1.33% ) / $STLA ( ▼ 0.11% ) Trump's tariffs are a 'debacle of epic proportions' for the auto industry — and consumers too, analyst says (BI)

$BABA ( ▼ 1.48% ) / $JD ( ▼ 1.94% ) / $PDD ( ▼ 0.75% ) Chinese Stocks Suffer ‘Panic Selling’ as Tariff War Escalates (Bloomberg)

$CAT ( ▼ 1.57% ) / $PCAR ( ▼ 0.82% ) / $TEX ( ▼ 2.04% ) UBS downgrades all US machinery stocks like Caterpillar to sell on tariff impact (CNBC)

$RH ( ▼ 2.6% ) Restoration Hardware Stock Rebounds from Tariff Tumble (TipRanks)

OVERHEARD ON THE STREET

CBS: President Trump said the US will impose an additional 50% tariff on Chinese imports if the nation doesn't retract its plan for a 34% retaliatory tariff.

AP: A false report claiming Trump was considering a 90-day pause in tariffs briefly lifted markets before the White House denied it.

WSJ: JPMorgan $JPM ( ▼ 0.68% ) CEO Jamie Dimon warned that Trump's new tariffs will raise prices and slow growth in a letter to shareholders.

FOX: Elon Musk wants a “zero tariffs” trade zone between the US and Europe and advised Trump to eliminate tariffs in their economic relationship.

CNN: The tariffs have brought the stock market to the brink of a bear market faster than under any other presidential administration in the modern era.

TOMORROW’S TRADE IDEA, TODAY

eBay May Be a Buy

A Diamond in the Rough

The S&P 500’s 10% drop in two days to end last week was one of its steepest falls ever. And it has left lingering doubts about the state of US equities across the board.

But according to CNBC’s Frank Cappelleri, one “forgotten” stock may be able to weather the chaos: eBay $EBAY ( ▼ 0.86% ) .

Remarkable Resilience

eBay shares weren’t immune to the broader sell-off last week. But on the Friday before that, when the S&P 500 witnessed one of its worst single-day drops in recent years, eBay was one of just a few large-cap growth stocks to buck the trend.

It has been showing remarkable resilience for some time. Since last October, eBay has netted two notable post-earnings rallies and remained stable despite extreme broader market volatility.

That, according to Cappelleri, is a testament to the company’s strength. The analyst says eBay has actually been outperforming the market since December — and is on track for one of the “biggest multi-year bullish patterns in its history.”

Steady As She Goes

Cappelleri said eBay’s current support level is $61. It closed just above that level today. But he believes that if the stock can remain steady until the broader market stabilizes, it could be set for a breakout run.

Benchmark analysts echoed Cappelleri’s bullishness this morning. The firm sees eBay poised to potentially benefit from the brewing trade war by enhancing cross-border trade in Europe, where it already has a strong presence.

The CNBC researcher said that eBay’s last three breakouts lasted multiple years. If another one is in store, it might be able to help buoy portfolios in choppy waters.

ON OUR RADAR

CNBC: BlackRock $BLK ( ▼ 0.17% ) CEO Larry Fink said many CEOs believe the US economy is already in a recession.

AP: Middle East stock markets tumbled today amid US tariffs and falling oil prices, down nearly 30% from a year ago.

Reuters: The EU is reportedly weighing 25% counter-tariffs on various US goods in response to Trump's steel and aluminum tariffs.

WSJ: Apple $AAPL ( ▼ 0.19% ) plans to source more iPhones from India as a potential tariff solution after its worst three-day rout in about 25 years.

CNN: Wealthy business leaders are turning on Trump over his tariffs, with billionaire investor Bill Ackman equating them to an "economic nuclear war."

FRIDAY’S POLL RESULTS

Which stock do you think will outperform over the next 12 months?

🟩🟩🟩🟩🟩🟩 NVIDIA (NVDA)

🟨🟨🟨⬜⬜⬜ Wynn Resorts (WYNN)

And, in response, you said:

• NVIDIA (NVDA) — 

  • “Temporary setback... buy... buy... buy.”

  • “Just makes sense at this point with a Black Friday sale.”

  • “Just looking for a good entry point.”

• Wynn Resorts (WYNN) — 

  • “Because... Gambling in a casino is more fun than gambling on P & L performance.”