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 rose Monday as the post-election rally continued, driving the Dow to its first close above 44,000.

• 📈 | One Notable Gainer: Shares of health insurer Cigna popped 7.4% after announcing it will not merge with rival Humana.

• 📉 | One Notable Decliner: Moderna’s stock slumped 8.7% despite last week’s earnings beat as slowing vaccine demand weighed on its outlook.

• 🚀 | Tomorrow's Trade: Will Bitcoin Come Back to Earth? Scroll down for more.

Plus, this platform is where founders, executives, and financial managers diversify their personal portfolios — and now you can join too.

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MARKET MOVERS

Tesla, AbbVie, Bristol-Myers Squibb

TSLA (+9%) Wedbush’s Dan Ives raises Tesla price target to $400, says Trump win is a ‘gamechanger’ (CNBC)

ABBV (-12.6%) AbbVie Tumbles After New Schizophrenia Drug Fails Two Trials (Bloomberg)

BMY (+10.5%) Bristol-Myers Squibb’s stock soars after rival AbbVie reports disappointing schizophrenia-drug trial (MarketWatch)

COIN (+19.8%) Coinbase stock breaks $300 for first time since 2021 (Cointelegraph)

SMCI (-5.3%) Super Micro Stock Keeps Slipping. A Delisting Deadline Looms. (Barron’s)

OVERHEARD ON THE STREET

FT: Treasury yields signal a red flag for markets' optimism over President-elect Donald Trump’s victory.

NYT: Bitcoin hit a record $82,000 as its post-election rally gained momentum.

Bloomberg: Blackstone is close to acquiring a minority stake in American Industrial Partners, according to sources.

ABC: U.S. regulators are investigating engine failure complaints involving up to 1.4 million Honda and Acura vehicles.

Reuters: Chipotle Mexican Grill has appointed interim CEO Scott Boatwright as its permanent chief exec.

TOMORROW’S TRADE IDEA, TODAY

Will Bitcoin Come Back to Earth?

Bitcoin’s Big Day

In the days since Donald Trump’s election victory, Bitcoin has notched several fresh record highs. But its moonshot may be just beginning.

Several analysts believe that Bitcoin could hit the $100,000 mark by the end of the year. CoinShares’ James Butterfill said the rally — which has already seen Bitcoin’s price surge 38% in the past month —  could be further helped by a Republican-controlled Senate.

Trump made supporting cryptocurrency a huge part of his campaign, and promised several pro-crypto initiatives. Most market observers anticipate a favorable regulatory framework for Bitcoin and crypto under the next Trump administration. 

Mine, Baby, Mine

One such initiative is Trump’s pledge to begin building up US reserves of Bitcoin using seized digital assets. The President-elect also promised to bolster domestic Bitcoin mining, and said he wants to mine all of the world’s remaining Bitcoin in the US. 

A prolonged upward trend under Trump would have some historical precedence. Another analyst, Copper.co’s Fadi Aboualfa, noted that Bitcoin reached two all-time high cycles between 2016 and 2020 — both during Trump’s previous presidency.

Beyond Trump

Butterfill believes there are other catalysts for Bitcoin beyond Trump’s proposed policies.

These include a change in SEC leadership, which will likely occur under Trump, as well as ongoing institutional adoption. Bitcoin’s most recent bull cycle occurred following the approval of spot Bitcoin ETFs launched by several financial giants, including BlackRock (IBIT) and Fidelity Investments.

It takes a lot of power to propel something to the moon — but some analysts believe Bitcoin might finally have the momentum needed.

TOGETHER WITH 10 EAST

Where Sophisticated Investors Access Private Markets

10 East, led by Michael Leffell, allows qualified individuals to invest alongside private market veterans in vetted deals across private credit, real estate, niche venture/private equity, and other one-off investments that aren’t typically available through traditional channels.   

Benefits of 10 East membership include:     

• Flexibility – members have full discretion over whether to invest on an offering-by-offering basis. 

• Alignment – principals commit material personal capital to every offering. 

• Institutional resources – a dedicated investment team that sources, monitors, and diligences each offering.

10 East is where founders, executives, and portfolio managers from industry-leading firms diversify their personal portfolios.  

Join with complimentary access at 10east.co

ON OUR RADAR

Forbes: A federally-mandated Boeing breakup could unlock significant value and help save the company.

WSJ: Warren Buffett is hoarding cash at Berkshire Hathaway, a pattern reminiscent of the pre-financial crisis period.

Bloomberg: Haiti closed its main airport after a Spirit Airlines plane was hit by gunfire while landing in the capital.

Fox: Fed Minneapolis President Neel Kashkari warned mass deportations under Trump's plan could disrupt labor at some businesses.

CNBC: Mattel pulled thousands of Wicked dolls from shelves after an adult website was printed on their packaging.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on First Solar (FSLR) over the next 12 months?

🟨🟨🟨🟨🟨🟨 🐂 Bullish

🟨🟨🟨🟨🟨🟨 🐻 Bearish