Happy Tuesday 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 today, marking the Dow’s worst losing streak in nearly five decades, driven by a rotation into tech stocks, which are underrepresented in the age-old exchange.

• 📈 | One Notable Gainer: Fox Corporation’s stock added more than 4% on growing rumors that Rupert Murdoch will sell his company rather than pass it on to his children.

• 📉 | One Notable Decliner: Shares of Humana shed more than 10% following an analysis that found the insurer’s veterans’ plans present an earnings risk in 2025.

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MARKET MOVERS

NVIDIA, Broadcom, Pfizer

NVDA (-1.2%) / AVGO (-3.9%) Nvidia falls deeper into correction territory, Broadcom reverses earlier gains to tick lower (CNBC)

PFE (+4.7%) Pfizer Sees 2025 Revenue in Line With Wall Street Views (WSJ)

AMTM (-9.6%) Amentum Swings to a Quarterly Profit. The Stock Is Tumbling After Earnings. (Barron’s)

CVS (-5.5%) Trump ‘Middleman’ Remark Sinks CVS, UnitedHealth, Cigna Shares (Bloomberg)

TSLA (+3.6%) Tesla stock jumps to another high as Mizuho more than doubles price target to $515 (YF)

OVERHEARD ON THE STREET

AP: Retail sales rose 0.7% in November, surpassing October's 0.5% gain, signaling the holiday shopping season got off to a solid start.

Entrepreneur: Walmart launched a pilot program where some employees wear body cameras to help prevent escalations with aggravated customers.

WSJ: A new FTC rule mandates that hotels and concert venues must disclose all hidden fees upfront during the search process.

Reuters: Starbucks Workers United has voted to authorize a strike as the union heads into its final scheduled contract bargaining session of the year.

CNBC: Nissan and Honda beginning merger talks, per the Nikkei.

TOMORROW’S TRADE IDEA, TODAY

Goldman Sachs Is an Uber-Fan

Requesting a Ride

Goldman Sachs (GS) is looking for a smooth ride in the new year — and believes Uber (UBER) can deliver.

Specifically, Goldman says the stock’s risk/reward profile is currently among the best out there. 

It recently listed Uber as one of its top picks, and analyst Eric Sheridan gave it a Buy rating with a $96 price target. That represents more than 57% upside from current prices.

Uber’s Time to Shine

Uber has underperformed the market this year, with its shares rising less than 5% YTD, compared to nearly 27% for the S&P 500.

But Sheridan believes there will be opportunities for these companies in the new year. He also highlighted its resilience despite short-term issues like pricing, competition, and concerns regarding autonomous vehicles. 

From 2023 to 2026, Goldman Sachs expects Uber’s gross bookings and adjusted EBITDA to grow at a compound annual rate (CAGR) of 16% and 39%, respectively.

What Wall Street Thinks

Sheridan believes that the rideshare giant’s efforts to utilize advertising and e-commerce to form partnerships (rather than competing for direct traffic) could be a big part of its success next year.

The analyst isn’t alone in his bullish sentiment. 49 of 55 analysts covering Uber rate the stock a Buy or Strong Buy, with an average upside of nearly 50%.  

To take Goldman’s word for it, investors looking for a one-way trip to success in 2025 may simply need to request an Uber.

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ON OUR RADAR

CNBC: What’s behind the Dow’s longest losing streak since February 1978 — and how concerned should we be?

WSJ: The housing affordability crisis is worsening worldwide as home prices and rents outpace incomes in major cities across Europe and beyond.

Axios: President-elect Donald Trump filed another defamation lawsuit against a news organization and vowed to continue suing outlets and influencers over coverage.

AP: Tech companies have donated millions to Trump's inauguration fund, a sharp increase from past pledges. What do they expect to gain?

Bloomberg: Brazil held two dollar auctions in a day to combat the real's decline to all-time lows, driven by concerns over the country's growing debt and deficits.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Penn Entertainment (PENN) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨🟨⬜️⬜️ 🐻 Bearish