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 fell on Friday. Shares of Nvidia retreated today, contributing to a roughly 1% loss in the S&P 500 and Nasdaq Composite. Both indexes were at all-time highs earlier in the day.

• 📈 | One Notable Gainer: Apple rose more than 1% and ended its 7-day losing streak— the company’s longest losing streak since early 2022. However, Apple is still down 12% since the beginning of this year.

• 📉 | One Notable Decliner: On the other end of the spectrum, Nvidia shares dropped 6%, taking a breather from its six-day winning streak. Shares are still up 4% for the week, and Nvidia has added more than $1 trillion to its market cap value in this year alone.

• 🌎 | Tomorrow's Trade: Opportunity South of the Border. Scroll down for more.

Plus, today’s partner outlined 10 ways to get money without a job.

MARKET MOVERS

ASML Holdings, Costco, and Eli Lilly

ASML (-5%) ASML’s losses are part of a larger semiconductor stock pullback after a hot week for the sector with record highs (Reuters)

MRVL (-11%) Marvell Technology shares plummeted after their quarterly reports failed to impress investors who expected major growth from AI computing (YN)

COST (-8%) Costco missed Wall Street’s revenue expectations for its holiday quarter, causing shares to fall despite YoY sales growth and e-commerce gains. (CNBC)

LLY (-2%) Eli Lilly’s stock dropped after its Alzheimer’s drug was delayed by a surprise FDA panel meeting to discuss its Phase 3 trial (MarketWatch)

BIIB (+2%) What’s bad for Lilly is good for Biogen. Its shares jumped as Eli Lily’s FDA delay gives it more time to capture market share with rival treatment (CNBC)

POWERED BY FINANCE BUZZ

10 Easy Ways To Get Money Without Getting A Job

Having a little bit of extra cash padding feels good … secure … and safe.

But finding ways to get extra cash (that are actually worth your time) can be challenging. That’s why we came up with a curated list of the best side hustles you can do right now — that still work in 2024!

Start your next side hustle now and starting getting some more cash this week!

OVERHEARD ON THE STREET

YF: Warren Buffett cautioned investors that he sees signs of excess in the markets, stating, “Markets now exhibit far more casinolike behavior…”

Bloomberg: After facing mounting pressure from European Union regulators, Apple reversed its decision to ban Epic Games from the app marketplace.

Reuters: Bitcoin topped the $70,000 mark for the first time due to increased investor demand for US spot exchange-traded crypto products and expectations for global interest rates to fall.

CNN: Millenials are set to inherit as much as $90 trillion in assets before 2024, potentially making them the richest generation in history.

YF: Economist Nouriel Roubini, “Dr. Doom,” says the biggest risk to the market right now is an economy that stays too strong.

A MESSAGE FROM OUR PARTNERS

TOMORROW’S TRADE IDEA, TODAY

Opportunity South of the Border

A Strong Start

You might not have heard of it yet, but Tiendas BBB (TBBB) is the largest discount food chain in Mexico. 

And JPMorgan analysts think the stock could see a price surge of over 40%. The convenience store first appeared on the NYSE on February 9th.

It’s up just over 2.5% since then, but JPMorgan expects growth ahead.

Primed for Expansion

JPMorgan analyst Joseph Giordano believes the stock stands to benefit from Mexico’s low market penetration rate for hard discount stores, which currently sits at 2%. 

According to Giordano’s report, this presents the chain with a great opportunity for expansion. Improving productivity in existing storefronts is another priority for the discount food chain.

Tienbas BBB also aims to maintain a return on invested capital of over 30% in its well-established stores.

Crunching the Numbers

Giordano has given the stock an “overweight” rating with a $30 price target, representing a nearly 38% upside from Wednesday’s close.

The analyst also projects a 5-year compound annual growth rate of 15% for the company driven by its expansion plans. Revenue and EBITDA are expected to grow 25% and 54%, respectively over that time frame.

As Tiendas BBB works to expand operations, its stock could present investors with an opportunity to get in on the action early.

POWERED BY FINANCE BUZZ

10 Easy Ways To Get Money Without Getting A Job

Having a little bit of extra cash padding feels good … secure … and safe.

But finding ways to get extra cash (that are actually worth your time) can be challenging. That’s why we came up with a curated list of the best side hustles you can do right now — that still work in 2024!

Start your next side hustle now and starting getting some more cash this week!

ON OUR RADAR

Reuters: A Boeing 737 rolled onto the grass and off the runway at George Bush Airport, adding another mechanical failure to the company’s ongoing crisis.

Bloomberg: “If the Federal Reserve cuts rates into this environment, we could see a stock market bubble form to rival the Tech Bubble a quarter century ago.”

BBC: South Korea has the world’s lowest fertility rate, and it dropped another 8% last year to 0.72, far below the 2.1 necessary to maintain a population.

YF: Some analysts believe that Bitcoin could reach a record $100,000 by the end of 2024, but retail investors haven’t come off the sideline yet.

Bloomberg: Roth IRA accounts held by Gen Z savers rose 50% in the fourth quarter of 2023 compared with the same period in 2022.

A MESSAGE FROM OUR PARTNERS

.