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, a strong finish on the short trading day, as the S&P 500 and Dow rose to fresh record closes and capped their best month all year.

• 📈 | One Notable Gainer: Hasbro shares added nearly 2% after Elon Musk suggested he’d buy the toy company for the rights to Dungeons & Dragons.

• 📉 | One Notable Decliner: Stock in Advance Auto Parts slumped 5.7% following a downgrade from Moody’s, which rated the retailer’s senior unsecured debt below investment grade.

Plus, we’re less than 24 hours away from publishing our Last Cast Letter. One-click subscribe here if you’re interested in investing in real estate in 2025.

Sponsored by Last Cast Capital

Cast Your Line

It’s the second-to-last day of the month.

What does that mean? That means tomorrow we publish our monthly real estate briefing, The Last Cast Letter.

If you’re looking to learn more and invest in real estate in 2025, be sure to one-click subscribe here.

Tomorrow’s edition, we are breaking down the “best bets for 2025”.

We’ll give you one hint since we’ve also written about this trend in The Street Sheet. One of the best real estate sectors has something to do with AI.

These reports are only published once a month so don’t wait:

MARKET MOVERS

NVIDIA, Lam Research, ASML

NVDA (+2.2%) / LRCX (+3.2%) / ASML (+2.4%) US Preps China Chip Curbs That Stop Short of Early Proposals (Bloomberg)

WMT (+0.7%) / DAL (+0.7%) Walmart and Delta stock are both hitting all-time highs—and their CEOs have relied on a surprisingly similar strategy (Fortune)

SMCI (-6.9%) Super Micro Stock Has Had a Wild November. These Data Tell the Story. (Barron’s)

ZETA (+5.8%) Zeta Global Holdings Insiders Buy Stock After Short-Report (Entrepreneur)

OVERHEARD ON THE STREET

FT: US regulators approved start-up 24 Exchange to offer round-the-clock trading, the first of its kind.

AP: The Biden administration will loan $6.6 billion to EV maker Rivian to support the paused construction of a Georgia factory.

Reuters: Shein and Temu are expanding into the toy market amid concerns over counterfeit products.

Barron’s: Thanksgiving travel is facing disruptions from an Arctic blast, with flight delays expected.

CNBC: Student loan borrowers may face higher payments under President-elect Donald Trump.

TOMORROW’S TRADE IDEA, TODAY

Time To Pick a New Restaurant?

Eating Good

Chili’s parent company Brinker International (EAT) has had its best year to date, with the stock up more than 200% YTD, growing well over 25% more than NVIDIA (NVDA).

Now, some analysts are saying it’s time to ask for the check.

Check, Please

Brinker’s stock is now 90% above its 200-day moving average.

For that reason, BTIG believes it may be time to cash out and take the gains. Analyst Jonathan Krinsky says it is time to deploy that capital in restaurant stocks that are better positioned heading into next year.

Krinsky has suggested three stocks as possible alternative options: Domino’s Pizza (DPZ), Darden Restaurants (DRI) and Yum! Brands (YUM).

What’s for Dinner?

Olive Garden-parent Darden and KFC- and Taco Bell-owner Yum! Brands are up about 7% and 6% YTD, respectively. Domino’s has gained just over 15% in the same period.

Each has underperformed the broader market in 2024, but Krinsky thinks that could soon change.

Specifically, BTIG rated both Darden and Domino’s a Buy, with price targets of $195 and $500, representing upside of roughly 10% and 5%, respectively.

Analysts concur, with 22 of 35 covering Domino’s rating the pizza chain a Buy or Strong Buy. 20 of 31 analysts covering Darden feel the same.

Sponsored by Last Cast Capital

Cast Your Line

It’s the second-to-last day of the month.

What does that mean? That means tomorrow we publish our monthly real estate briefing, The Last Cast Letter.

If you’re looking to learn more and invest in real estate in 2025, be sure to one-click subscribe here.

Tomorrow’s edition, we are breaking down the “best bets for 2025”.

We’ll give you one hint since we’ve also written about this trend in The Street Sheet. One of the best real estate sectors has something to do with AI.

These reports are only published once a month so don’t wait:

ON OUR RADAR

WSJ: The Russian economy, resilient through two years of war and sanctions, is now showing strains as the ruble plunges and inflation soars.

AP: Is Black Friday still a major holiday shopping event in 2024? Here’s what the research says.

CNN: The Container Store, which saw a boost from Tidying Up with Marie Kondo on Netflix in 2019 and 2020, may now be facing bankruptcy.

Reuters: The US announced new tariffs on solar panel imports from Malaysia, Cambodia, Vietnam, and Thailand.

CNBC: South Korea's largest K-pop agency, ADOR, loses $423 million in value as girl group NewJeans prepares to break up.

WEDNESDAY’S POLL RESULTS

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

🟩🟩🟩🟩🟩🟩 Texas Pacific Land (TPL)

🟨🟨🟨🟨🟨⬜️ LandBridge Co (LB)