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 markets were closed today in honor of President’s Day. But how do you think Lincoln celebrated his birthday — by sitting around doing nothing? Doubt it. Which is why we’re still here, sharing everything you need to know about Wall Street today, so you can take action tomorrow.

Sponsored by Cadiz

A Groundbreaking Partnership

This year, Cadiz, Inc. (NASDAQ: CDZI) is set to break ground on the Southwest’s largest water pipeline. The Mojave Groundwater Bank will send affordable, reliable, and clean water to much of the region, including historically underserved communities.

Cadiz made news in November when it purchased 180 miles of steel pipe from the failed Keystone XL project. And investors’ heads turned again shortly thereafter when the Lytton Rancheria tribe announced it would invest $50 million in the project.

It’s a groundbreaking partnership (see what we did there?) that marks the first major investment by a Native American tribe in large-scale water infrastructure off tribal lands.

OVERHEARD ON THE STREET

CNBC: Here's what companies are saying about the impact of MAGA policies throughout the first earnings season of 2025.

WSJ: And here’s what voters are saying in response to President Trump’s divisive first month in office.

AP: The cryptocurrency industry is growing bolder and eager to establish its political influence and mainstream financial acceptance.

Bloomberg: Fed Governor Michelle Bowman criticized a “troubling trend” in lack of bank oversight.

Reuters: A JPMorgan study shows President Trump has posted fewer market-moving posts on social media since his re-election compared to his first term.

TOMORROW’S TRADE IDEA, TODAY

Wells Fargo Thinks This Stock’s Got Teeth

In Alignment

According to Wells Fargo (WFC), the stars are aligned for dental device firm Align Technology (ALGN) to have a big year.

The bank initiated coverage of Invisalign’s parent company last week, rating it Overweight and setting a price target of $255. That’s more than 23% higher than Friday’s closing price.

Dental Downturn

The dental industry has been sluggish lately, particularly the clear aligner sector, where Align mainly operates. Cosmetic medical costs can be one of the first budget line items to go when consumers make tough decisions, and Americans have faced plenty of those in recent years.

Wells Fargo analyst Vik Chopra admitted the industry isn’t out of the woods just yet. But he believes Align is the best-positioned company for when the sector turns, thanks to its leadership, competitive moat, and market share.

It also helps that, according to the analyst, ALGN is currently trading at a “large discount to its 3- and 5-year average vs. peers.”

Promising Prognosis

Chopra predicts that Align’s growth will outpace the dental market this year. It already did so last year, posting 3.6% revenue growth compared to 2.6% for the industry.

The company is currently staring down an excellent opportunity for growth. Despite its massive two-thirds market share, Wells Fargo estimates Align has reached as little as 5% of the teen market, suggesting its total addressable market is much larger.

Most observers are equally bullish. 11 of 18 analysts covering the stock rate it a Buy or Strong Buy, and Wells Fargo’s promising price target is actually below average.

The sector has recently been all frowns — but the Street believes Align is well-positioned to turn them upside down.

Sponsored by Cadiz

The Ground Floor’s Getting Crowded — But There’s Still Room For More

Barclays PLC upped its holdings in Cadiz, Inc. (NASDAQ: CDZI) by more than 300% in the third quarter.

It wasn’t the only one. At last check, B. Riley Financial, Equitec Proprietary Markets, HCR Wealth Advisors, and GAM Holding AG all grew their stake in the same company by double- to triple-digit percentages.

Curious why? You should be. Cadiz has several developments in the pipeline that point to a potential breakout on the horizon. It’s not hard to see why major investors are crowding into the ground floor — but there’s still room for more.

ON OUR RADAR

Reuters: European shares hit record highs, driven by defense stocks, as peace in the Russia-Ukraine war appears possible.

WSJ: Elon Musk's DOGE is seeking access to IRS systems containing sensitive taxpayer data, amid concerns about potential mishandling.

CNBC: The Trump administration has begun firing hundreds of FAA employees, including probationary staff, just weeks after a fatal DC plane crash.

CNN: Argentine lawyers have filed fraud charges against President Javier Milei for promoting the $LIBRA crypto, which led to millions in losses.

AP: President Trump has exuberantly embraced digital currencies. This article breaks down all of Trump’s crypto ventures to date.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on DraftKings (DKNG) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜⬜⬜⬜ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “For 12 months, bullish, longer term, regulations will start to take a bite.”

• 🐻 Bearish — “Just my take. Wouldn’t use them.”

Last Words From Our Sponsors

Start the New Year off Strong with NativePath

New year, new you! This winter, kickstart your wellness journey with NativePath Collagen Powder. With its potent formula, you’ll experience stronger joints, improved skin elasticity, and better muscle recovery. Whether your resolution is to stay active or to take better care of your skin, NativePath Collagen is here to help you start the new year feeling your best.

Give yourself the gift of vitality as you head into the new year.

Begin your year with 55% off NativePath Grass-Fed Collagen!

This message includes a paid advertisement for Cadiz Inc (NASDAQ: CDZI). The Street Sheet (SS) receives a flat fee totaling up to $7,500 from West Coast Media LLC. Other than the compensation received for this advertisement sent to subscribers, The Street Sheet and its principals are not affiliated with Cadiz Inc. The Street Sheet and its principals do not own any of the stocks mentioned in this email or in the article that this email links to. The Street Sheet is a research service not owned or managed by registered brokers and therefore this site does not make any investment recommendations. The information provided in this newsletter is not guaranteed as to the accuracy or completeness. Each user of SS chooses to do trades at their sole discretion and risk. SS is not responsible for gains/losses that may result in the trading of these securities. This newsletter includes paid advertisements. The source of all third-party content in which SS receives some sort of compensation is clearly and prominently identified herein as "ad", "Sponsored", or “Together With”. Although we have sent you these advertisements, SS does not specifically endorse any third-party product nor is it responsible for the content, the accuracy, or the completeness of the advertisement or the experience with the third-party advertiser. Furthermore, we make no guarantee or warranty about what is in the advertisement. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. This communication from The Street Sheet is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of The Street Sheet. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. The information contained in this newsletter is subject to change without notice, and we do not undertake any obligation to update it. Readers are encouraged to conduct their own research and due diligence and seek advice from licensed professionals regarding their specific financial needs and circumstances. By reading this newsletter, you agree to hold us harmless from any and all losses, liabilities, costs, or expenses arising from your use or reliance on the information provided. There is no warranty as to the accuracy or completeness of the factual matters included in any advertisement or sponsored content in the newsletter. You have not performed any research on any entity, or its business, that advertises or submits any sponsored content. The Street Sheet is reader-supported. When you buy through links on our site, we may earn a commission.