HAPPY WEDNESDAY TO THE STREET
In a year chock-full of blockbuster IPOs, the biggest of them all came in just under the wire.
Stock in medical supplies giant Medline $MDLN ( ▲ 41.38% ) popped in its Nasdaq debut after a $6B offering, the largest global IPO of 2025.
Hope the firm enjoys its time in the spotlight. Compared to the potential IPOs in store for 2026, $6B may be mere pocket change.
🟥 | US stocks slipped as money rotated out of pricey AI plays into value/defensives.
📈 | One Notable Gainer: Texas Pacific Land $TPL ( ▲ 7.59% ) shares jumped after it agreed with Bolt Data Energy to develop large-scale data center campuses.
📉 | One Notable Decliner: Oracle $ORCL ( ▼ 5.4% ) shares fell after reports said Blue Owl would not back its $10B Michigan data center.
— Brooks & Cas
Presented by Scorpio Gold Corp
Gold has surged past $4,000 per ounce, igniting a new bull market driven by inflation concerns, global uncertainty, and record central bank buying. In this environment, Scorpio Gold Corporation (OTCQB: SRCRF) is emerging as a notable Nevada explorer.
The company controls the 100% owned Manhattan District Project in Nevada’s Walker Lane Trend, located about 15 km south of Kinross Gold’s Round Mountain Mine. Backed by Ross Beaty and Eric Sprott, who invested CAD$8 million, Scorpio is advancing a district-scale asset in a premier mining jurisdiction.
A 2025 maiden mineral resource outlined 740,000 inferred ounces grading 1.26 g/t gold, the first modern resource in the district. This sits alongside historical high-grade zones totaling 303,949 ounces at 5.89 g/t, with additional drilling underway.
With strong backers and record gold prices, SRCRF is positioned for continued exploration momentum.
MARKET SNAPSHOT
All Stock Heatmap. Credit: Finviz
Market Movers
WARNER BROS DISCOVERY, JABIL, COURSERA
Warner Bros Discovery’s $WBD ( ▼ 2.39% ) board urged shareholders to reject Paramount Skydance’s $PSKY ( ▼ 5.42% ) bid in favor of Netflix’s $NFLX ( ▲ 0.23% ) proposal.
Jabil $JBL ( ▲ 1.76% ) pulled back after an initial pop on upbeat guidance tied to AI data center demand.
Coursera $COUR ( ▼ 1.26% ) and Udemy $UDMY ( ▲ 12.66% ) jumped after Coursera $COUR ( ▼ 1.26% ) agreed to acquire Udemy in a stock deal valuing the combined company at $2.5B.
Brown-Forman $BF.B ( ▼ 5.16% ) fell after Citigroup downgraded the distilleries stock to Sell, citing category headwinds.
DBV Technologies $DBVT ( ▲ 25.42% ) surged after reporting positive Phase 3 trial results for a peanut allergy treatment in children.
To monitor hot stocks in real time, check out The Street Feed.
Tomorrow's Trade Idea, Today
WHY SIN STOCKS MAY SHINE AGAIN
Stock Picking Is Back
Consumer staples lagged badly in 2025 as investors worried about tariffs, layoffs, and a shaky US consumer. Outside of nicotine names, most defensive stocks failed to keep pace with the market.
But now Goldman Sachs $GS ( ▼ 0.78% ) thinks that setup is changing. Analyst Bonnie Herzog says a stronger middle-income consumer backdrop heading into 2026 could revive demand in select staples categories, even if the sector overall stays out of favor.
Nicotine, Energy, Candy, And Beauty
Herzog highlighted several categories she believes can outgrow staples broadly.
Nicotine stocks remain a core pick, led by Philip Morris International $PM ( ▲ 0.42% ), which also offers meaningful emerging market exposure.
Energy drinks sit high on the list as well. Herzog flagged Monster Beverage $MNST ( ▼ 1.33% ) as a market share gainer, while Celsius Holdings $CELH ( ▼ 5.38% ) and PepsiCo $PEP ( ▼ 0.19% ) are seen as names where investor pessimism may have gone too far.
Candy and beauty also make the cut. Hershey $HSY ( ▲ 0.42% ) could benefit from easing input costs, while e.l.f. Beauty $ELF ( ▲ 0.1% ) is positioned to rebound if discretionary spending improves. Sprouts Farmers Market $SFM ( ▲ 2.17% ) gets a nod for its better-for-you mix and potential tailwinds from GLP 1 driven food choices.
Beer May Have Its Moment
Goldman also sees 2026 as a potential comeback year for beer. Next year brings a rare trifecta. The FIFA World Cup. The Olympics. And the 250th anniversary of the US. More events tend to mean more occasions to drink.
The firm highlighted Constellation Brands $STZ ( ▼ 2.01% ) and Molson Coors $TAP ( ▲ 0.52% ) as possible beneficiaries if consumption picks up.
The takeaway for investors is not to buy staples blindly. The party may not lift every bottle, but investors who stock the fridge selectively might find themselves eating good.
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OVERHEARD ON THE STREET
Axios: Ray Dalio pledged $75M to Trump accounts, giving 300K Connecticut children $250 each through the 50 State Challenge initiative.
TechCrunch: Google $GOOGL ( ▼ 3.21% ) released its fast Gemini 3 Flash model as default, aiming to rival OpenAI with frontier level performance.
The Guardian: Amazon $AMZN ( ▼ 0.58% ) entered talks to invest over $10B in OpenAI, potentially lifting its valuation above $500B and deepening cloud ties.
CNBC: US prosecutors charged Tricolor executives with systematic fraud, alleging billions raised by double pledging auto loans to lenders.
THR: The Oscars are moving from ABC $DIS ( ▼ 0.89% ) to YouTube $GOOGL ( ▼ 3.21% ) starting in 2029, shifting the ceremony to a free global streaming platform.
TUESDAY’S POLL RESULTS
Are you bullish or bearish on the space travel sector in 2026?
▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “So many ways to profit from a source that is in its infancy.”
🐻 Bearish — “Just don’t see it long term.”
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