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 Friday, closing out a winning week for all three major indexes as the Dow notched a fresh record close.

• 📈 | One Notable Gainer: MicroStrategy stock surged more than 6% as Bitcoin cracked the $99,000 mark, its value nearing six digits.

• 📉 | One Notable Decliner: Shares of TurboTax-owner Intuit slumped nearly 6% despite an earnings beat, after forecasting a decline in revenue.

Plus, did you miss out on Ring? This is 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

Super Micro, Reddit, Moderna

SMCI (+11.6%) Super Micro stock set to notch nearly 80% weekly gain as company hires new auditor (YF)

RDDT (-7.2%) Advance Plans to Borrow Against $1.2 Billion Reddit Stake (Bloomberg)

MRNA (+7.5%) Moderna up 8% as Jefferies says market is close to 'peak RFK negativity' (SeekingAlpha)

GAP (+12.8%) Gap shares surge as it raises guidance, touts ‘strong start’ to holiday (CNBC)

TPL (+14.2%) Texas Pacific Land Stock Jumps. It’s Joining the S&P 500. (Barron’s)

OVERHEARD ON THE STREET

MarketWatch: Thanksgiving travelers are set to see the lowest gas prices since 2021, with averages nearing $3 and most states offering prices below that threshold.

WSJ: DirecTV abandoned its merger with rival Dish after creditors opposed a proposal to reduce their holdings.

Barron’s: Amazon will invest an additional $4 billion in Anthropic, ChatGPT-creator OpenAI's biggest rival.

Reuters: UPS will pay a penalty of up to $45 million for misvaluing a business unit, per the SEC.

CNBC: Prior to the Federal Reserve’s first rate cut, at least 50 of the largest US retailers raised interest rates on their store credit cards to protect their profit margins.

TOMORROW’S TRADE IDEA, TODAY

Is This the Best Pharma Stock You’ve Never Heard Of?

New Meds, New Edge

Goldman Sachs (GS) has initiated coverage on Merus (MRUS), a cancer therapeutics company, at a Buy rating and a price target of $73 per share. That target represents more than 60% upside from current prices.

Goldman is bullish on the stock due to the company's significant growth prospects surrounding its cancer treatment capabilities.

Promising Prognosis

Goldman analyst Richard Law specifically highlighted Merus’ hallmark antibody as a potential catalyst for growth. The EGFR-targeting petosemtamab antibody is designed to treat recurring and metastatic head and neck carcinoma.

According to Law, the antibody has already proved promising in testing and is shaping up to play a major role in the company’s growth moving forward.

Diagnosis: Discount

The stock is up nearly 66% YTD, but it has fallen about 12% over the past month. If Goldman is correct, now could be a great opportunity for investors to buy the dip and gain exposure at a discounted price.

The investment bank believes Merus’ long-term prospects are strong and stock growth is on the horizon. Both investors and patients will be watching the new treatment and hoping for its success.

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

CNBC: X’s new Terms of Service are leading some users to leave Elon Musk’s social media platform. Here’s why.

WSJ: Ireland’s government is flush with cash, thanks to the US tax system and a global crackdown on corporate tax dodging.

Reuters: The US banned food, metals, and other imports from about 30 Chinese companies over alleged forced labor involving Uyghurs.

AP: Phillips 66 was federally indicted for allegedly violating the Clean Water Act by discharging industrial wastewater with excessive oil and grease in California.

CNN: Jeep prices have soared, causing buyers to back out and leaving dealers frustrated.

THURSDAY’S POLL RESULTS

Are you bullish or bearish on Netflix (NFLX) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜️⬜️⬜️⬜️ 🐻 Bearish