Happy Wednesday 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 were mixed today as investors digested the minutes from the Fed’s latest meeting.

• 📈 | One Notable Gainer: Boston Scientific shares added 4.3% on news it will acquire the remaining shares of Bolt Medical for $443M. Guess we must have been onto something when we covered the stock last week…

• 📉 | One Notable Decliner: Shares of utility company Edison International plummeted more than 10% as wildfires raged across Southern California, prompting the company to shut off power for some customers.

Plus, today’s partner VHLA Media has a secret weapon stock for your portfolio. (Take a look at the free stock report…) 

Sponsored by VHLA Media

Why Zinc Could Be Your Portfolio’s Secret Weapon in an Upcoming Economic Boom

The space sector has been exploding the past 24 months with the top 5 space stocks up 500% on average.

The gains have been made… but the true potential lies in the minerals fueling this bull market (zinc)

We found an American-based zinc company set to be a leader in the critical mineral fueling this space revolution and it still remains under the radar.

Read our $GSTRF / $GSTR.CN report today while this unique opportunity still presents itself.

Click below to read our free  $GSTRF / $GSTR.CN report.

MARKET MOVERS

eBay, Getty Images, Shutterstock

EBAY (+9.9%) Meta to test showing eBay listings on Facebook Marketplace (Reuters)

GETY (-17.6%) / SSTK (-11.1%) Getty Images and Shutterstock are merging into one stock photo powerhouse (The Verge)

CEG (-4.6%) Constellation Energy Nears $30 Billion Deal for Calpine (Bloomberg)

GEHC (+3.5%) Jefferies upgrades GE HealthCare, says stock is trading at attractive levels (YF)

RGTI (-45.4%) Quantum stocks like Rigetti plunge after Nvidia’s Huang says the computers are 15 to 30 years away (CNBC)

OVERHEARD ON THE STREET

CNBC: The Federal Reserve’s December minutes showed concerns about the inflationary impacts of President-elect Donald Trump's policies.

WSJ: Wildfires in Los Angeles have killed at least two people, destroyed 1,000 structures, and caused significant injuries to first responders and residents.

Reuters: US weekly jobless claims fell by 10,000 to 201,000 in December, reflecting a stable labor market.

CNN: President-elect Donald Trump is considering a national economic emergency declaration to justify implementing universal tariffs.

MarketWatch: Fed Governor Christopher Waller supports more rate cuts this year and believes proposed Trump tariffs won't drive inflation.

TOMORROW’S TRADE IDEA, TODAY

They Got Wagyu Want

Treat Yourself

Consumers are back to treating themselves, and Barron’s believes that’s good news for Chefs’ Warehouse (CHEF).

Holiday season sales soared in recent months, per Adobe (ADBE) data released today, but the splurging wasn’t exclusive to e-commerce companies.

Wealthy diners are continuing to spend on premium menu items like stone crab and Wagyu beef — which could be a boon for the upscale ingredient distributor.

From Expansion To Profitability

Chefs' Warehouse, which supplies specialty food items to more than 44,000 high-end restaurants, luxury hotels, and country clubs nationwide, gained more than twice as much as the S&P 500 in 2024. It rose 47% on the year.

But it might not be done yet. The company has expanded rapidly in recent years, making a dozen acquisitions between 2022 and 2023, with plans to raise distribution capacity by 60% from 2022 to 2026.

The market response to these moves has been tempered by concerns that spending on dining will soften in the uncertain environment. But that scenario has yet to materialize.

With the company turning its focus toward profitability after several years of aggressive investing, and high-end restaurants still able to pass costs onto consumers, 2025 could prove a winning year for Chef’s Warehouse.

More Meat on the Bone

The last time Barron’s shone the spotlight on this particular company was in February 2024, when shares traded at just $33. Today, they closed just under $50.

The gap in Chefs’ Warehouse’s strong fundamentals and undervalued stock has since closed, but analysts still believe there’s some meat left on the bone.

The eight analysts covering the stock all rate it a Buy, with the median price target implying 10% upside from today’s close.

Sponsored by TuneGo

T-Swift Was Just the Start

Taylor Swift was just the start. Fans have proven they’re willing to pay up to support the artists they love. And we’ve seen firsthand the massive economic impact fandom can have.

TuneGo is poised to capitalize on this phenomenon. It helps musicians and record labels connect with their top fans in unprecedented ways. With the music industry set to grow to $163 billion by 2030, we’re going to see a lot more megastars emerge, and TuneGo might just become an integral part of that sea change.

But it’s not just musicians and their fans who stand to benefit. You can get in on the ground floor of this revolution too. Tap this link to schedule a Zoom meeting directly with a member of TuneGo’s team and learn more about this unique opportunity.

ON OUR RADAR

WSJ: Canada is left without leadership or a plan to counter Trump’s tariff threats after Justin Trudeau’s unexpected resignation.

AP: Here are the measures China’s leaders are implementing to boost consumer spending and business activity amid economic challenges and looming tariffs.

Bloomberg: A global bond selloff is driving US Treasury yields close to 5%.

CNBC: Sam Altman was sued by his sister, alleging years of sexual abuse. The OpenAI CEO called the allegations "utterly untrue."

Barron’s: Mark Zuckerberg’s decision to imitate Elon Musk’s approach to X moderation at Meta could be a mistake for the social media giant.

TUESDAY’S POLL RESULTS

Are you bullish or bearish on Disney (DIS) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨🟨🟨⬜ 🐻 Bearish

Last Word From Our Sponsors

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