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, with the S&P 500 up 0.5% (and nearing its July record high) while the Dow gained 0.7% and the Nasdaq climbed 0.7%, as Wall Street posted a strong weekly finish ahead of the Federal Reserve's upcoming meeting.

• 📈 | One Notable Gainer: Home furnishings retailer Restoration Hardware shares jumped 25% after reporting stronger-than-expected Q2 earnings. CEO Gary Friedman said demand accelerated into Q3 and is expected to continue into 2025.

• 📉 | One Notable Decliner: Adobe shares dropped 8% after issuing weaker-than-expected guidance for the current quarter, despite exceeding fiscal third-quarter estimates on both revenue and earnings.

• ☀️ | Tomorrow's Trade: Solar Stock Surge. Scroll down for more.

Plus, this new income loophole could pay your bills every month…

TOGETHER WITH INVESTORS ALLEY

This new income loophole could pay your bills every month

There's a new way to collect huge monthly income in retirement called Big-Tech's secret dividend. But thanks to a brand new loophole... Tech titans like Apple, Microsoft, and Nvidia can now pay you huge dividend yields up to 12%! It's the best income opportunity I've ever seen, and yet NOBODY seems to know about it. That changes today with my brand new special report.

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MARKET MOVERS

Moderna, Uber, Boeing

MRNA (-2%) Moderna Stock Keeps Falling. An Analyst's Downgrade Isn't Helping (Investopedia)

UBER (+7%) Uber and Waymo Expand Partnership to Bring Autonomous Ride-Hailing to Austin and Atlanta (Business Wire)

BA (-4%) A strike at Boeing extends a new era of labor activism long in decline at US work places (AP)

U (+5%) Unity Software Shares Gap Up After Analyst Upgrade (MarketBeat)

Ticker (+8%) BofA maintains $61 target on Etsy, sees limited GMS impact (Investing.com)

OVERHEARD ON THE STREET

MarketWatch: Amazon is raising contracted delivery driver pay to $22 an hour amid union pressures, aiming to help partners attract and retain workers.

QZ: United Airlines will offer free high-speed Wi-Fi on all 1,000+ planes via Elon Musk’s Starlink network starting in 2025.

Reuters: Nippon Steel and U.S. Steel sent a letter to President Biden about their $15 billion merger after reports he might block it, signed by both CEOs.

Axios: Salesforce's new Agentforce launches AI agents for sales, marketing, and service tasks, promising increased productivity but introducing new risks.

QZ: Boar's Head is closing its Virginia plant indefinitely due to a fatal listeria outbreak, offering severance or relocation to 500 workers.

TOMORROW’S TRADE IDEA, TODAY

The Debate Boosted Solar Stocks. Can It Last?

Solar Outperforming

The markets tumbled on Wednesday following the debate and new inflation data. But one industry actually saw its prices shoot straight up: solar.

Many analysts believe this was in response to investor sentiment that Vice President Kamala Harris had won the debate, where solar energy was the topic of a memorably contentious exchange.

The market consensus seems to be that renewable energy stocks would fare well under a potential Harris presidency.

First Solar

The biggest surge was seen by First Solar. Its shares soared by more than 15% on the day after the debate. However, one analyst does not necessarily expect that will lead to a paradigm shift for the stock.

David Keller of Sierra Alpha Research published a technical analysis of two solar names, First Solar (FSLR) and Sunrun (RUN), in an effort to decipher how their recent price movements fit into a long-term outlook. 

After an impressive spring 2024, First Solar dropped to a $210 support level and a trading range from $200 to $240. Based on those numbers, Keller believes that a breakout above $240 could mean that the stock is headed back toward its YTD high of $300.

But even with the post-debate bump, First Solar has remained squarely in its range.

Sunrun

Keller feels that, of the two stocks examined, Sunrun is the more attractive buying opportunity. The analyst believes it has an established trend of higher highs and higher lows — a bullish signal. 

This week, the stock dropped to an ascending 50-day moving average, which is typically viewed as a solid entry point for investors. Over the last two years, the stock has had a resistance level of $24.

If it manages to break through that, the analyst says, the sky — or, rather, the sun — could be the limit.

TOGETHER WITH INVESTORS ALLEY

This new income loophole could pay your bills every month

There's a new way to collect huge monthly income in retirement called Big-Tech's secret dividend. But thanks to a brand new loophole... Tech titans like Apple, Microsoft, and Nvidia can now pay you huge dividend yields up to 12%! It's the best income opportunity I've ever seen, and yet NOBODY seems to know about it. That changes today with my brand new special report.

Grab your FREE copy here.

ON OUR RADAR

AP: An Alaska Airlines plane aborted takeoff in Nashville to avoid a collision with a crossing Southwest Airlines plane, blowing its tires in the process.

CNN: A Consumer Reports test found high lead levels in cinnamon and spice blends from 12 brands, with Paras cinnamon having 3.52 ppm.

Axios: New data shows that in 2022, U.S. Latinos' economic output reached $3.6 trillion, growing rapidly due to population growth and entrepreneurship.

CNN: China fines PwC $62 million and suspends its business for six months over its role in covering up fraud at Evergrande during 2019-2020.

CNBC: Harris’ polling rise prompts wealthy investors to expedite transfers, as current tax-free limits of $13.61M per person expire end of 2025.

YESTERDAY’S POLL RESULTS

Are you bullish or bearish on Viking Therapeutics (VKX) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

⬜️⬜️⬜️⬜️⬜️⬜️ 🐻 Bearish