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 ended mixed Friday. The Dow dropped roughly 0.4%, while the S&P 500 and Nasdaq traded flat.

• 📈 | One Notable Gainer: DocuSign's shares rose over 3.5% amid reports of acquisition interest from Bain Capital and Hellman & Friedman.

• 📉 | One Notable Decliner: United Airlines' stock dropped 10.6% following an FAA audit announcement of Boeing's production line after the Boeing 737 Max 9 incident on an Alaska Airlines flight.

• 🍕 | Tomorrow's Trade: Hot Pizza, Hotter Stock. Scroll down for more.

Plus, there's a good reason why this little-known alcohol stock has a bullish price target.

YESTERDAY’S POLL RESULTS

Are you bullish or bearish on high-quality US bonds in 2024?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜️⬜️⬜️⬜️ 🐻 Bearish

Click here to tell us you thoughts on US bonds

MARKET MOVERS

Delta, Tesla, & CVS

DAL: Delta Air Lines' shares fell 9% following a reduction in its full-year profit forecast for 2024.

TSLA: Tesla's stock declined 3.6% after price reductions for the Model 3 and Y in China and a temporary production halt at its German factory due to supply chain issues.

CVS: CVS Health's shares dropped 3% following its announcement to close certain pharmacies within Target stores early this year.

WFC: Wells Fargo's stock declined over 3% after the bank forecasted a potential decrease in its 2024 net interest income compared to the previous year.

MARA: Marathon Digital's shares plummeted 15%, mirroring a downturn in Bitcoin-related stocks following a reversal of gains from a notable ETF week.

TOGETHER WITH LQR HOUSE

There's a Good Reason Why This Little-Known Alcohol Stock Has a Bullish Price Target.

Alcohol is a big industry. While they may be considered sin stocks, they do remarkably well in any economic environment. This is because alcohol is a consumer staple that is usually in demand. 

One growing small-cap NASDAQ company distinguishes itself from its competitors with a laser-focused approach to the colossal $1.5 trillion alcohol industry. 

The company has a competitive advantage against giants like Anheuser Busch (NYSE: BUD), Constellation Brands (NYSE: STZ), Molson Coors (NYSE: TAP), and others. 

Discover how the company is aiming to be the digital face of the massive alcohol industry while building shareholder value.

OVERHEARD ON THE STREET

WSJ: Morgan Stanley agreed Friday to pay $249 million to settle criminal and regulatory investigations into allegations that some employees improperly shared information about clients’ stock sales, the Manhattan U.S. attorney’s office said.

Semafor: The price of uranium hit $92.50 per pound, its highest level since 2007 as supply chain issues, nuclear expansion plans, and geopolitical tensions, have all combined to create a dramatic surge in uranium prices. 

Reuters: Total bankruptcy filings - encompassing commercial and personal insolvencies - rose to 445,186 (up 18%) last year from 378,390 in 2022, according to data from bankruptcy data provider Epiq AACER.

NPR: Best Buy says it will soon stop selling DVDs and Blu-ray discs.

LiveScience: ChatGPT will lie, cheat, and use insider trading when under pressure to make money, research shows.

TOMORROW’S TRADE IDEA, TODAY

Hot Pizza, Hotter Stock

A Convenience Store for Pizza?

Hungry for pizza?

A convenience store probably isn’t the first place that comes to mind when you’re thinking of where to order. 

However, Casey’s General Store’s (CASY) pizza is so beloved by its loyal customers that it has become the fifth-largest pizza chain in the country. Yes, you read that right.

Maybe that’s why Casey’s stock is up 5% year-to-date, 30% over the past year, and nearly 115% over the past five years.

More Room To Grow

Casey’s is based out of Ankeny, Iowa, and holds the title of the third-largest convenience store chain in the US. It boasts 2,500 locations throughout 17 states and is largely focused in rural areas.

Despite its already massive presence, the chain is still growing. It’s planning to add another 250 storefronts this fiscal year. 

Casey’s pizza has been a huge part of its success because in-store food sales tend to command much higher profit margins than sales of gasoline. It also owns its logistics and distribution operations, making it easier and cheaper to keep popular items in stock across the country. As Silicon Valley loves to say, it’s vertically integrated.

Reaching New Heights

So, is there more left in the tank? According to analysts, the answer is yes. Wall Street believes that Casey’s will be able to continue down its path of steady growth. Bulls are predicting earnings per share to reach the 8% mark this fiscal year.

And, while this is a bit speculative, some industry watchers think that Casey’s might be an interesting takeover target for one of the big dogs. This includes Seven & I Holdings (7-Eleven’s owner) or Alimentation Couche-Tard (ANCTF), the parent company of Circle K.

Again, this is just hearsay at the moment, but you never know who might be in the mood for some convenience store pizza.

TOGETHER WITH LQR HOUSE

There's a Good Reason Why This Little-Known Alcohol Stock Has a Bullish Price Target.

Alcohol is a big industry. While they may be considered sin stocks, they do remarkably well in any economic environment. This is because alcohol is a consumer staple that is usually in demand. 

One growing small-cap NASDAQ company distinguishes itself from its competitors with a laser-focused approach to the colossal $1.5 trillion alcohol industry. 

The company has a competitive advantage against giants like Anheuser Busch (NYSE: BUD), Constellation Brands (NYSE: STZ), Molson Coors (NYSE: TAP), and others. 

Discover how the company is aiming to be the digital face of the massive alcohol industry while building shareholder value.

ON OUR RADAR

NYP: New minimum wage laws in half the country could send the price of McDonald's Big Mac sandwiches to $15 apiece.

CNN: The United States has quietly reached an agreement that extends its military presence at a sprawling base in Qatar for another 10 years.

BBG: Across France, total CRE deals plunged 61% to €2.5 billion in the fourth quarter, bringing the decline to 57% for the full year, according to Immostat. In the greater Paris area, the average price paid for office space fell for the fifth consecutive quarter to about €6,570 per square meter, the lowest level in five years. 

AARP: Social Security retirement benefits keep over 16 million Americans age 65-plus out of poverty each year, and 40% rely on Social Security for at least half of their income. 

Bloomberg: Plagued by ongoing staffing shortages, visa delays and even political division, the US travel industry has lagged competitors in reclaiming its share of international visitors since the Covid-19 pandemic. By the end of 2023, the sector reached just 84% of 2019 visitation levels, according to the US Travel Association.