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 were mixed on Monday as rising Treasury yields and upcoming earnings reports weighed on investor sentiment. The Dow dropped 0.8%, the S&P 500 fell 0.2%, while the Nasdaq rose 0.3%.

• 📈 | One Notable Gainer: Spirit Airlines shares surged a whopping 53.1% after reaching a deal with US Bank to extend the deadline for refinancing its $1.1 billion loyalty bonds by two months, now set for Dec. 23.

• 📉 | One Notable Decliner: Cigna's stock fell nearly 5% after reports of renewed early-stage merger talks with Humana.

• 🧑‍💻 | Tomorrow's Trade: Your NXT Move? Scroll down for more.

Plus, from today’s sponsor: The Air Force is quietly working with sub $10 stock on new tech. Click here to read more.

TOGETHER WITH WEALTHPIN

Air Force quietly working with sub $10 stock on new tech

Dear Reader: There is a little-known energy technology stock that has made an incredible breakthrough…

Which could become crucial to the operations of the US Military.

And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska.

Upon announcing this project a Department of Defense official said:

“The Department of the Air Force announcement today demonstrates how the Department of Defense continues to invest in facilitating U.S.-developed technology that provides mission assurance and advances our national interests in Alaska and the homeland”

Now, this incredible breakthrough is still in its earliest stages…

Which means you still have a chance to get in while its trading for under $10.

So if you want to see exactly what this breakthrough is…

And how they could end up with major contracts with the US Military and large private sector companies…

You need to check out the full story right here.

MARKET MOVERS

AppLoving, Southwest Airlines, Warby Parker

APP (+9.4%) AppLovin Stock Surges As Analysts Show Their Love (IBD)

LUV (-1.7%) Southwest, Elliott in settlement talks to avoid proxy fight: BBG (YF)

WRBY (+9.8%) Warby Parker stock a 'buy' as Goldman Sachs points to scaling insurance partnerships (Investing.com)

KVUE (+5.5%) Kenvue shares surge after activist Starboard takes stake (CNBC)

AUB (-6.7%) Atlantic Union (AUB) Q3 Earnings and Revenues Miss Estimates (Zachs)

OVERHEARD ON THE STREET

WSJ: Disney plans to name Bob Iger's successor and appoint James Gorman as chairman by early 2026.

CNN: Kodiak, Target, and Walmart frozen waffles recalled due to potential listeria contamination; no illnesses reported.

WSJ: Cooper Hefner, son of Playboy founder Hugh Hefner, has offered $100 million to buy back the Playboy brand with an investor group.

Reuters: On results day, Musk will face investor questions about Tesla's unclear robotaxi plans, which disappointed and affected shares.

CNBC: Chick-fil-A is launching the Play app, featuring family-friendly shows and podcasts for kids 12 and under, linking content to mealtimes.

TOMORROW’S TRADE IDEA, TODAY

NXT Up

Underestimated Industry Leader

It’s been a big year for tech stocks. Now, according to Baird, Crane NXT (CXT) may be next up.

The firm believes investors are underestimating the technology solutions company’s potential for long-term earnings growth. Baird views Crane NXT as an industry leader in micro-optic security technology, which is used to protect against counterfeit products and currency. 

Analyst Michael Halloran recently initiated coverage on the stock at an Outperform rating with a $77 price target, which represents around 38% upside.

Top-Shelf Margins

Halloran is bullish on the company’s ability to develop strong relationships with its customers, which leads to a high amount of recurring revenue.

On top of that, both its gross and EBITDA margins are top-shelf, and it is trading at a discount compared to its multi-year earnings potential, the analyst adds.

He believes its financial health will result in increased investor interest over time, driving long-term value for the stock.

Still a Year Away

Halloran does not expect the stock to start to see real growth until 2026, but he is optimistic about the company’s opportunities in the long run, which he believes are being overlooked by investors. 

The kicker: Halloran seems almost bearish on Crane NXT by comparison to other observers. Only six analysts are covering the stock, but their average price target is nearly $90, implying more than 50% upside.

Meanwhile, the stock is down around 5% over the past 6 months, and it is trading at a low multiple. For investors who are as bullish as Wall Street seems to be, now may be the time to buy the dip.

TOGETHER WITH MONEY

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SEE PROVIDERS

ON OUR RADAR

Axios: Viral TikTok recipes are reshaping American meals and driving trends that influence restaurant menus and grocery stock.

CNBC: Trump's tax reform could exempt 93 million Americans from income taxes by eliminating taxes on tips and Social Security benefits.

Fox Business: Some Americans will receive two Social Security checks in November due to SSI payments being adjusted because Dec. 1 is a Sunday.

CNBC: Biden pauses federal student loan payments for 8 million SAVE plan borrowers for an additional six months amid ongoing legal battles.

Axios: Research shows that workers feel lonely regardless of remote or office work, impacting productivity and increasing turnover rates.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on Expedia (EXPE) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨⬜️⬜️⬜️ 🐻 Bearish