HAPPY FRIDAY TO THE STREET
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🟩 | US stocks climbed, shrugging off another soft jobs report to propel the S&P 500 to a fresh record close and winning week.
📈 | One Notable Gainer: Intel $INTC ( ▲ 10.8% ) shares jumped after Donald Trump praised the company following a meeting with CEO Lip-Bu Tan.
📉 | One Notable Decliner: General Motors $GM ( ▼ 2.66% ) shares fell after it announced $7.1B in Q4 charges tied to weak EV demand.
— Brooks & Cas
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MARKET SNAPSHOT
All Stock Heatmap. Credit: Finviz
Market Movers
SOUTHWEST, CLEVELAND-CLIFFS, LOCKHEED
Southwest Airlines $LUV ( ▲ 3.73% ) gained after JPMorgan upgraded the stock to Overweight.
Cleveland-Cliffs $CLF ( ▲ 4.08% ) climbed after Morgan Stanley hiked the steelmaker to Overweight, citing its domestic positioning.
Lockheed Martin $LMT ( ▲ 4.72% ) jumped after Truist upgraded the stock to Buy with a higher price target.
WD-40 $WDFC ( ▼ 6.63% ) reported lower Q1 earnings year over year while reaffirming its 2026 outlook.
Vistra $VST ( ▲ 10.47% ) and Oklo $OKLO ( ▲ 7.9% ) signed deals tied to powering Meta’s AI infrastructure.
To monitor hot stocks in real time, check out The Street Feed.
Tomorrow's Trade Idea, Today
THE AI PAYOFF IS SHOWING UP
From Spending Debate To Revenue Proof
One of the biggest questions hanging over US equities is whether massive AI spending can literally pay off. Trivariate Research thinks the answer is starting to show up in the numbers.
The firm reviewed 2025 earnings calls and tracked which S&P 500 companies discussed AI across multiple revenue categories. It found that companies that sell AI directly, or monetize it through products and services, are seeing faster growth than those still experimenting.
This matters as investors head into 2026, and the market shifts focus from who spends the most on AI to who turns it into revenue.
Where The Revenue Leverage Looks Strongest
Shopify $SHOP ( ▼ 2.26% ) stood out on Trivariate’s screen. The company forecasts revenue growth near 33%, supported by AI tools like its Sidekick commerce assistant and new features that improve merchant data analysis and conversion.
Shopify also partnered with OpenAI, allowing purchases through ChatGPT. Management has emphasized that helping merchants sell wherever customers show up is central to its strategy.
Shares have already rallied more than 50% over the past year, but Trivariate views AI as a core growth driver, not just a sentiment boost.
Big Platforms Still Matter
ServiceNow $NOW ( ▼ 3.0% ) also made the list.
Despite recent stock pressure tied to acquisition concerns, the company forecasts revenue growth near 24%. Management says agentic AI already runs hundreds of thousands of internal agents, handling much of its support and compliance workload. Trivariate believes that scale gives ServiceNow a clear path to monetization, not just efficiency gains.
Several familiar names round out the screen. Alphabet $GOOGL ( ▲ 0.96% ), Adobe $ADBE ( ▼ 1.5% ), and Meta Platforms $META ( ▲ 1.08% ) all surfaced as companies linking AI directly to revenue expansion rather than future promises. In Trivariate’s view, the next phase of the AI trade is not about who talks the loudest, but who gets paid the most.
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OVERHEARD ON THE STREET
Reuters: Meta $META ( ▲ 1.08% ) signed 20-year nuclear power deals with Vistra $VST ( ▲ 10.47% ) and SMR $SMR ( ▲ 4.27% ).
WSJ: Amazon Pharmacy $AMZN ( ▲ 0.44% ) began selling Novo Nordisk’s $NVA ( ▲ 14.6% ) oral Wegovy pill.
TechCrunch: X restricted Grok image generation to paying subscribers after backlash over sexualized AI images.
CNBC: Stellantis $STLA ( ▼ 1.27% ) scrapped plug-in hybrid Jeep SUVs and Chrysler minivan amid slowing EV sales and quality issues.
Investing.com: OpenAI and SoftBank Group $SFTBY ( ▲ 1.44% ) jointly invested $1B in SB Energy to build a 1.2 GW Texas data center under Stargate.
THURSDAY’S POLL RESULTS
Are you bullish or bearish on Danaher $DHR ( ▲ 1.43% ) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “I'm also seeing a competitor, TMO, on an upward trajectory.”
🐻 Bearish — “There doesn't appear to be any new products in their pipeline, so any growth is likely to be slow. ”