HAPPY TUESDAY TO THE STREET
Pour one out for happy hour. 🍺
Between remote work, tighter budgets, and a generation drinking less, the post-work beer with colleagues is quietly disappearing, according to WSJ reporting. Offices empty out earlier. Expense cards stay in wallets. And the boss is no longer slapping a credit card on the bar.
That may be great for work-life balance. But the downside is fewer organic connections, mentors, and moments where work feels human instead of transactional.
🟩 | US stocks rose, with the S&P 500 and Dow hitting fresh records as AI-chip momentum led and cyclicals joined the advance.
📈 | One Notable Gainer: TransUnion $TRU ( ▲ 4.0% ), Equifax $EFX ( ▲ 4.1% ), and Fair Isaac $FICO ( ▲ 5.04% ) shares fell after FHFA Director Bill Pulte criticized credit score pricing.
📉 | One Notable Decliner: OneStream $OS ( ▲ 0.09% ) shares surged on reports that buyout firm Hg was in advanced acquisition talks.
— Brooks & Cas
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Thursday 1/22 at 4:30 PM ET.
MARKET SNAPSHOT
All Stock Heatmap. Credit: Finviz
Market Movers
SOFI, SHAKE SHACK, MICROCHIP
SoFi $SOFI ( ▼ 1.15% ) fell after Bank of America flagged further downside risk.
Shake Shack $SHAK ( ▲ 1.62% ) gained as Deutsche Bank pointed to potential World Cup tourism tailwinds.
Microchip Technology $MCHP ( ▲ 2.3% ) jumped after raising its fiscal Q3 revenue outlook.
Veeva Systems $VEEV ( ▼ 0.43% ) rose after its board approved a $2B share repurchase program.
American International Group $AIG ( ▼ 3.17% ) slid after announcing a CEO transition later this year.
To monitor hot stocks in real time, check out The Street Feed.
Tomorrow's Trade Idea, Today
RATE CUTS COULD FLOAT BOAT STOCKS
Lower Rates Plus Pent-Up Demand
The Federal Reserve cut rates three times in the back half of 2025. Jefferies $JEF ( ▲ 1.97% ) thinks that matters more than investors expect for certain discretionary names.
One of them is Brunswick $BC ( ▲ 0.96% ). Jefferies upgraded the boat maker to Buy, arguing that additional rate cuts in 2026 could revive demand for big-ticket leisure purchases. Boats are among the most rate-sensitive items consumers buy, often financed, and easy to delay when borrowing costs rise.
But now, following years of post-pandemic digestion and a dovish turn from the Fed, the firm believes conditions are lining up for a rebound.
Why Boats Are Tied To The Cycle
Brunswick sits at the intersection of consumer confidence and credit availability. When rates rise, buyers step back. But when rates fall, interest tends to return quickly, according to Jefferies.
The firm’s Randal Konik points to industry data showing consumer spending on major recreational durables expected to grow about 6% in 2026. That supports a normalization after what the analyst calls historically lean dealer inventory levels.
The post-COVID demand hangover also appears to be fading. Konik expects unit demand to move back toward long-term averages as financing costs ease for both consumers and dealers. Meanwhile, Brunswick has already reworked its cost structure and product mix during the downturn.
Earnings Leverage Is The Real Story
Konik argues Brunswick enters 2026 with a structurally improved business. That means a rebound in volumes could translate into outsized earnings growth. The analyst’s 2027 earnings per share forecast sits more than 50% above current Street estimates, driven by accelerating revenue and expanding margins.
Shares rallied some 25% in 2025. But Konik’s Street-high target of $115 implies upside of more than 37%, assuming rate cuts continue and demand returns. After all, when financing gets cheaper, consumers don’t just turn to homes and cars.
After all, choppy waters can feel like smooth sailing from the deck of a yacht.
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Most investors rely on headlines, gut feel, or tips from social media. Professionals do not. They use a repeatable framework to evaluate businesses, manage risk, and stack the odds in their favor.
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OVERHEARD ON THE STREET
TechCrunch: Senator Steve Padilla (D-CA) introduced a bill to ban AI chatbot toys for children under 18 for four years.
ABC News: The Alaska Airlines $ALK ( ▲ 2.88% ) pilot who landed Flight 1282 sued Boeing $BA ( ▲ 3.15% ), alleging it wrongly blamed the crew after the door plug blowout.
Axios: Hyundai Motor Group $HYMTF ( ▼ 7.44% ) said it would mass produce 30K humanoid robots annually by 2028 to work in US factories.
CNBC: Meta $META ( ▲ 1.08% ) delayed international launches of Ray-Ban Display glasses, citing limited inventory and overwhelming US demand.
Bloomberg: Elon Musk’s xAI completed a $20B funding round backed by Nvidia $NVDA ( ▼ 0.1% ) and Qatar Investment Authority.
MONDAY’S POLL RESULTS
Are you bullish or bearish on Valero $VLO ( ▼ 3.16% ) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “Without the EV mandate, we can drive baby, drive! Gas and more Gas.”
🐻 Bearish — “World supply exceeds demand and is growing. It will take years for any meaningful return out of Venezuela.”