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 stocks rose Monday, with the Dow and S&P 500 finishing at fresh record closes, as the post-election rally resumed on enthusiasm for President-elect Donald Trump’s pick for Treasury Secretary.

• 📈 | One Notable Gainer: Robinhood (which we covered last week) stole from the short-sellers and gave to the retail investors. Its stock added 3.3% on another analyst upgrade, this time from Morgan Stanley.

• 📉 | One Notable Decliner: Lockheed Martin shares shed 3.8% after future Department of Governmental Efficiency (DOGE) leader Elon Musk subtweeted the defense giant.

Plus, did you miss out on Ring? This may be your chance to secure your stake in the smart home market.

Sponsored by RYSE

Missed Out on Shark Tank’s Big Wins? Don’t Miss RYSE

The hit show Shark Tank has introduced the world to some of today’s most successful brands:

• Bombas – raised $200M in follow-on investment

• Scrub Daddy – over $300M in sales

• Ring – valued at $7M on Shark Tank, later acquired by Amazon for $1.2B, after all the Sharks passed!

Now, Dragon’s Den (the International version of Shark Tank) is proving to be another launchpad for promising brands, and RYSE Smart Shades secured not just one, but two offers from the Dragons. For a limited time, you have the chance to invest alongside the Dragons in a brand that could become the next household name.

With their breakthrough smart shade technology and distribution already in 127 Best Buy stores, RYSE is poised to be a big thing in tech!

This is your chance to invest early in a smart home company with big momentum.

MARKET MOVERS

Bath & Body Works, Moderna, NVIDIA

BBWI (+16.5%) Bath & Body Works forecasts smaller drop in annual sales on strong holiday demand (CNBC)

MRNA (+6.2%) Moderna Inc. Among the Most Promising Cancer Stocks According to Hedge Funds (Insider Monkey)

NVDA (-4.2%) Has Nvidia Stock Topped? A Single Metric Offers a Very Clear Answer. (The Motley Fool)

SMCI (+15.9%) Super Micro Stock Soars, Building on Record Week. Risks Remain. (Barron’s)

SRRK (+26.1%) Scholar Rock Stock Jumps As Rival Biohaven's Muscle-Wasting Drug Flunks Pivotal Study (YF)

OVERHEARD ON THE STREET

CNBC: Equity futures rose and Treasury yields fell on news that Trump tapped hedge fund veteran Scott Bessent for Treasury secretary.

Reuters: The Russell 2000 index reached record highs today, driven by expectations of tax cuts and lower borrowing costs under a second Trump administration.

WSJ: Macy's delayed its quarterly results after discovering an employee concealed up to $154 million in delivery expenses over several years.

Bloomberg: California plans to offer electric vehicle rebates, funded by greenhouse-gas credits, if Trump eliminates the $7,500 federal tax credit.

CBS: Some Microsoft users experienced an outage impacting access to Exchange and Outlook today.

TOMORROW’S TRADE IDEA, TODAY

Alphabet: Under Seige or Undervalued?

Justice Is Coming

Shareholders of Google-parent Alphabet (GOOGL) are worried, and the stock price is reflecting that.

The US Department of Justice (DOJ) recently announced its desire to break up the tech giant, and the stock dropped over 4% last Thursday in response to the news.

If the DOJ gets its way, Alphabet could be forced to sell off Chrome, as well as some of its data assets. Elsewhere, emerging AI software like OpenAI’s ChatGPT is threatening its market search engine business.

All in all, investors are starting to wonder, is Google’s generational run finally at an end?

Fear Not

Barron’s analysts say, probably not.

The publication argues investors have little need to be worried, as the world’s fourth-largest company by market cap is well-positioned to defend itself. After all, Alphabet has been dominant for two decades through many dramatic changes to the internet and smartphone landscape.

The analysts expect Google’s search business will continue to be a cash machine regardless of the AI alternatives that pop up. Additionally, its ad business is bringing in around $250 billion each year, and Android remains the world’s most popular mobile operating system.

Under Seige or Undervalued?

If analysts are correct, the looming break-up is already priced into Alphabet’s stock. It is currently trading at 19.4x forward earnings, below the S&P average of 22x.

It is currently the cheapest of the Magnificent Seven, and Oakmarket Select portfolio manager Bill Nygren has said that the breakup could force investors to consider the worth of each of Alphabet’s businesses, which might ultimately be a catalyst.

In other words, for Google, the DOJ’s latest move might not be a coup de grâce, but just another Thursday.

Sponsored by RYSE

Missed Out on Shark Tank’s Big Wins? Don’t Miss RYSE

The hit show Shark Tank has introduced the world to some of today’s most successful brands:

• Bombas – raised $200M in follow-on investment

• Scrub Daddy – over $300M in sales

• Ring – valued at $7M on Shark Tank, later acquired by Amazon for $1.2B, after all the Sharks passed!

Now, Dragon’s Den (the International version of Shark Tank) is proving to be another launchpad for promising brands, and RYSE Smart Shades secured not just one, but two offers from the Dragons. For a limited time, you have the chance to invest alongside the Dragons in a brand that could become the next household name.

With their breakthrough smart shade technology and distribution already in 127 Best Buy stores, RYSE is poised to be a big thing in tech!

This is your chance to invest early in a smart home company with big momentum.

ON OUR RADAR

AP: The US Transportation Security Administration (TSA) is preparing for the busiest Thanksgiving travel season ever. Here’s how…

Barron’s: …and here are some stocks that just might benefit from it.

CNBC: Special counsel Jack Smith filed motions to drop all federal charges against Trump related to mishandling classified documents and January 6.

Reuters: Intel expects the U.S. government to reduce its $8.5B subsidy for building chip factories, following a separate $3B deal with the Pentagon.

BI: Warren Buffett published a 1,500-word letter outlining his plans to donate billions and his views on generational wealth.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on Merus (MRUS) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨🟨🟨⬜️ 🐻 Bearish

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