HAPPY TUESDAY TO THE STREET
Famed entertainment industry disruptor Netflix $NFLX ( ▲ 3.45% ) is doing it backwards: break the rules, then learn them.
The streamer that once swore by algorithms over plush toys is now rolling out licensing deals with Hasbro $HAS ( ▼ 1.3% ) and Mattel $MAT ( 0.0% ), opening immersive “Netflix House” venues, and pushing Stranger Things and Bridgerton merch across Walmarts $WMT ( ▼ 1.52% ) and wishlists alike.
It’s a late pivot, to be sure. But with IP finally big enough to sell, better late than never.
🟥 | US stocks fell again as AI valuation jitters and Bitcoin $BTC.X ( ▲ 1.12% ) volatility incited further risk-off.
📈 | One Notable Gainer: Warner Bros Discovery $WBD ( ▲ 4.18% ) popped on reports of a $71B bid from Paramount Skydance $PSKY ( ▲ 2.29% ).
📉 | One Notable Decliner: Cloudflare $NET ( ▼ 2.83% ) fell after an outage disrupted major platforms, including X and ChatGPT.
Plus, Pelosi Trading is out, the Zeldin Speculating is in. Scroll down for more.
— Brooks & Cas
Sponsored by RAD Intel
Last call before the surge. RAD Intel’s raised $50M+, 10,000 investors, 4,900% growth, powering MGM, Sweetgreen, Skechers & more. Shares at $0.81.
MARKET SNAPSHOT
All Stock Heatmap. Credit: Finviz
Market Movers
KLARNA, STRATEGY, HOME DEPOT
Klarna’s $KLAR ( ▼ 9.32% ) first post-IPO report showed a Q3 operating loss, a far cry from last year’s profit.
Strategy $MSTR ( ▲ 5.82% ) rose as bitcoin rebounded from recent lows.
Home Depot $HD ( ▼ 6.02% ) missed Q3 earnings expectations and cutting its full-year outlook.
J&J Snack Foods $JJSF ( ▲ 6.56% ) topped fiscal Q4 earnings estimates and launched a new transformation program.
Energizer Holdings $ENR ( ▼ 18.49% ) missed Q4 earnings and issued weak guidance tied to tariff costs.
To monitor hot stocks in real time, check out The Street Feed.
UPGRADES & DOWNGRADES
📈 Upgrades
Arete raised Snap $SNAP ( ▲ 0.86% ) to Neutral from Sell
BofA upgraded Illinois Tool Works $ITW ( ▲ 0.22% ) to Neutral
Jefferies lifted Legence $LGN ( ▲ 11.99% ) to Buy from Hold
📉 Downgrades
JPMorgan cut Rocket Pharmaceuticals $RCKT ( ▼ 3.29% ) to Underweight
Piper Sandler lowered Murphy Oil $MUR ( ▲ 3.53% ) to Neutral
BofA double-downgraded Honeywell $HON ( ▼ 2.36% ) to Underperform
This is just a fraction of the calls we feature all day on The Street Feed. Street Sheet Research Subscribers can see why the analysts upgraded or downgraded the stocks above and updated price targets. Get immediate access today.
Tomorrow's Trade Idea, Today
ARE THESE STOCKS THE NEXT ‘NATIONAL CHAMPIONS’?
A New Playbook in Washington
The White House has taken equity stakes in several public companies this year, including MP Materials $MP ( ▲ 2.69% ), Lithium Americas $LAC ( ▲ 4.61% ), Intel $INTC ( ▼ 1.1% ), and Trilogy Metals $TMQ ( ▲ 0.25% ). These moves were once rare. Now they are a central part of economic strategy.
Evercore ISI $EVR ( ▲ 1.09% ) believes this trend is still in its early innings. The firm expects more companies to be tapped as the next wave of national champions. Here are a few stocks the firm believes may be next up.
Evercore’s Contenders
Evercore used an AI-powered screen to identify companies with high exposure to future government partnerships.
One top candidate is Centrus Energy $LEU ( ▲ 0.18% ), a uranium enrichment company central to the US nuclear fuel supply chain. Evercore expects nuclear power to become a new area of focus, especially after a recent White House deal with Westinghouse.
Albemarle $ALB ( ▲ 3.14% ) is another contender. It operates the only US lithium brine extraction site and works closely with allies in Australia and Chile. Ioneer $IONR ( ▼ 1.35% ), also tied to Australian mining, is developing a lithium and boron project in Nevada that supports domestic supply.
On the semiconductor side, Wolfspeed $WOLF ( ▼ 2.87% ) produces materials critical for advanced computing. Meanwhile, Amkor $AMKR ( ▼ 0.65% ) handles chip packaging and testing. The US currently relies heavily on Asia for this crucial link in the supply chain.
The National Champion Effect
The stocks on Evercore’s list have already rallied hard this year. The firm believes potential support from Washington could lift them into the stratosphere.
State-backed priorities can shift quickly, but Evercore argues the direction is clear. Strategic supply chains are now a national project, the firm maintains, and investors would be wise to follow closely.
In which sector will Washington find its next "national champion"?
Sponsored by RAD Intel
Last call before the surge. RAD Intel’s raised $50M+, 10,000 investors, 4,900% growth, powering MGM, Sweetgreen, Skechers & more. Shares at $0.81.
OVERHEARD ON THE STREET
WSJ: Toyota $TM ( ▼ 1.53% ) announced a $912M US investment to expand hybrid production and add 252 jobs as demand for hybrids grows.
TechCrunch: Zoox began offering limited free robotaxi rides to San Francisco waitlist users as it moves toward a broader 2026 launch.
Ars Technica: Google $GOOGL ( ▼ 0.26% ) unveiled its Gemini 3 Pro AI model and an AI-first IDE called Antigravity, touting stronger reasoning and visual capabilities.
Reuters: Waymo $GOOGL ( ▼ 0.26% ) launched fully autonomous robotaxis in Miami and will expand to four more US cities ahead of a 2026 public rollout.
CNBC: Intuit $INTU ( ▲ 0.58% ) agreed to pay OpenAI over $100M a year for model access and added ChatGPT integrations across its financial apps.
STREET TWEET
Cue eyebrow raises.
A cabinet-level official piling into a tiny biotech stock? I’ve heard this one before…
MONDAY’S POLL RESULTS
Are you bullish or bearish on Dell Technologies $DELL ( ▲ 0.17% ) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “With server demand so high, Dell should be able to pass through memory chip cost increases.”
🐻 Bearish — “Just a slow decline.”
