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 to end a tumultuous week, after some promising earnings splashed cold water on a dismal jobs report.

• 📈 | One Notable Gainer: Amazon shares surged 6.2% on an earnings beat driven by its strong cloud and ads businesses, soothing tech sector fears.

• 📉 | One Notable Decliner: Super Micro Computer’s stock shed another 10.5%, bringing its weekly loss to 45.5%, after the embattled chipmaker’s auditor resigned.

• 🔮 | Tomorrow's Trade: These Stocks Could ‘Earn’ Their Keep Next Week. Scroll down for more.

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MARKET MOVERS

Trump Media, Avis, Apple

DJT (-13.5%) Trump's net worth slumps by $1.9 billion amid DJT stock plunge (CBS)

CAR (+10.9%) Why Avis Budget Stock Soared 17% After Earnings (The Motley Fool)

AAPL (-1.3%) Apple reports better-than-anticipated Q4 revenue, earnings hurt by EU tax payment (YF)

GSAT (+32.4%) Satellite Operator Globalstar Soars After Agreement With Apple (Barron’s)

CHTR (+11.9%) Charter Stems Broadband Losses After Subsidy End; Shares Surge (Bloomberg)

OVERHEARD ON THE STREET

WSJ: Job growth sharply slowed last month due to hurricane impacts and the ongoing Boeing strike.

CNBC: The IRS announced that in 2025, employees will be able to defer $23,500 into 401(k) plans, an increase from $23,000 in 2024.

Reuters: The Federal Reserve appears to be on track to cut rates by 25 basis points next week, and again in December.

Barron’s: Technology stocks fell sharply this week, but they are not expected to remain down for long.

Fortune: Starbucks’ CEO said the chain will buy around 200,000 Sharpie markers to revive the tradition of writing customer names and messages on cups.

TOMORROW’S TRADE IDEA, TODAY

These Stocks Could ‘Earn’ Their Keep Next Week

The Cream of the Crop

Yesterday we covered the tricky earnings reports that may await investors. But there could be some treats in store too.

CNBC highlighted a handful of stocks that could see an earnings pop next week. Its staff combed through data from Bespoke Investment Group in search of names on the docket that historically beat expectations — and outperformed as a result.

Zillow

Zillow (Z) is one of those stocks. It has beaten earnings 83% of the time and typically sees a 1.6% increase in the stock price as a result. 14 analysts covering the stock give it either a Buy or Strong Buy rating, and average price targets suggest around 7% upside.

But at least one analyst believes it could be in store for an even bigger bump this time around. Wedbush’s Jay McCanless rated the housing stock Outperform, thanks to expected tailwinds stemming from lower mortgage rates.

McCanless is also bullish on Zillow’s software and services initiatives.

Pinterest

Meanwhile, Pinterest (PINS) has beaten analyst estimates a whopping 86% of the time. Typically, this results in around a 3% share price gain. Shares are down around 14% YTD, so an earnings beat could give this oft-overlooked social media play a much-needed boost. 

Wall Street seems to agree. Average analyst price targets suggest around 33% upside from the stock, and most covering it are bullish. Bank of America (BAC) recently reiterated its Buy rating with a $45 price target, implying more than 40% upside from today’s close, pointing to its new AI tools as cause to be bullish.

The turbulent earnings of the last week made for a fitting end to Spooky Season. But earnings season is still in full swing — and, if this analysis is any indication, it might just be an upswing.

TOGETHER WITH MONEY

Gold hits new peak as the Fed cut rates

Following a bold 50 basis point rate cut by the US Federal Reserve, spot gold reached a peak of 2,687 per troy ounce. Experts predict that this bullish trend for the precious yellow metal may continue, so it may be smart to get in now before prices keep climbing.

START INVESTING

The information provided in this email is for educational purposes only and is not intended as investment advice.

ON OUR RADAR

MarketWatch: People are wagering on whether Costco will raise the price of its $1.50 hot dog and soda combo through Kalshi, an emerging exchange platform.

CNBC: A record number of high-earning Americans plan to leave the U.S. following the election.

WSJ: Former President Donald Trump has campaigned to weaken the dollar, but markets are betting a Trump win would strengthen the dollar instead.

Axios: Historically, presidential elections are unlikely to significantly impact U.S. oil and gas production in the short term.

CNN: Striking Boeing machinists will vote on Monday on an improved contract offer that includes a 38% pay raise over four years and a larger signing bonus.

THURSDAY’S POLL RESULTS

Which stock do you think will outperform over the next 12 months?

🟨🟨🟨🟨🟨⬜️ Archer-Daniels-Midland (ADM)

🟩🟩🟩🟩🟩🟩 American International Group (AIG)

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