HAPPY THURSDAY TO THE STREET
When meme stocks meet moonshot energy, Wall Street pays attention.
Trump Media $DJT ( ▲ 8.28% ) surged after agreeing to merge with fusion firm TAE Technologies, reframing a battered social-media stock as a play on America’s escalating demand for next-generation power.
🟩🟨🟥 | US stocks rose today as cooler CPI and upbeat chip guidance revived AI optimism.
📈 | One Notable Gainer: Rocket Lab $RKLB ( ▲ 17.69% ) shares jumped after completing a US Space Force launch five months ahead of schedule.
📉 | One Notable Decliner: Birkenstock $BIRK ( ▲ 3.48% ) shares fell after issuing weak fiscal 2026 guidance, forecasting 1.90 to 2.05 euros EPS.
— Brooks & Cas
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MARKET SNAPSHOT
All Stock Heatmap. Credit: Finviz
Market Movers
GE VERNOVA, MICRON, LENNAR
GE Vernova $GEV ( ▲ 2.95% ) rose after Jefferies upgraded the stock to Buy, citing stronger power infrastructure demand and a slimmer offshore wind footprint.
Micron Technology $MU ( ▲ 6.99% ) jumped after issuing a far stronger-than-expected revenue forecast and beating Q1 estimates.
Lennar $LEN ( ▼ 0.31% ) slipped after mixed Q4 results and a late downgrade from Evercore ISI.
Lululemon $LULU ( ▼ 2.63% ) gained after reports that Elliott Management has taken a more than $1B stake and is backing a potential CEO candidate.
FactSet $FDS ( ▲ 5.54% ) slid after first-quarter free cash flow and operating cash flow missed expectations.
To monitor hot stocks in real time, check out The Street Feed.
Tomorrow's Trade Idea, Today
WHEN A SELLOFF BECOMES AN OPENING
A Sharp Drop Changes The Conversation
ServiceNow $NOW ( ▲ 1.26% ) had a rough week. Shares slid after reports the company is in talks to acquire cybersecurity firm Armis, spooking investors already wary of big ticket M&A.
The selloff was swift. ServiceNow is now down 27% this year, and the pullback has pushed the stock far below recent highs. For a name long treated as premium software, sentiment flipped fast.
Bernstein thinks the reaction went too far. Analyst Peter Weed reiterated an Outperform rating and called ServiceNow the cheapest large-cap software stock on the market, a label he once thought he would never use.
Valuation Meets A Steady Growth Story
Bernstein’s argument centers on valuation versus growth. On a price to forward free cash flow relative to growth basis, Weed says ServiceNow now trades below peers hit hardest by the AI narrative, including Adobe $ADBE ( ▲ 0.01% ) and even Salesforce $CRM ( ▲ 0.8% ).
That matters because the growth outlook has not cracked. Weed does not see an organic growth guide down like the one that rattled investors in 2022. Management recently emphasized accelerating demand, suggesting core momentum remains intact.
The firm also pushed back on fears that recent deals signal growth at any cost. Weed argues that acquisitions like Moveworks and the potential Armis deal fit cleanly into ServiceNow’s platform and require limited technical integration beyond branding and interface work.
A Cheaper Entry, Not A Free Pass
Bernstein sees implied upside of 40% from current levels, driven by multiple expansion rather than heroic growth assumptions. The thesis is that quality software rarely stays this discounted for long.
Risks remain. Large acquisitions always carry execution questions, and investors are quick to punish any hint of dilution or distraction. Competition across enterprise software also remains intense.
Still, ServiceNow occupies a rare spot. It combines scale, sticky customers, and strong cash generation. When a stock with that profile suddenly trades like a problem child, value-focused investors tend to notice. Sometimes the best software stories start when the market hits pause.
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With record gold prices and a prime Nevada location, SRCRF is positioning itself as a compelling exploration story in a strong metals market.
OVERHEARD ON THE STREET
Axios: Anthropic released upgraded Claude skills for enterprises, adding tool integrations and an open standard to streamline workplace AI workflows.
CNBC: American Airlines $AAL ( ▲ 1.09% ) said basic economy fares would no longer earn miles or elite status points for tickets purchased after Dec 17.
WSJ: Instacart $CART ( ▲ 2.2% ) agreed to pay $60M in refunds to settle FTC allegations of deceptive free delivery, satisfaction guarantees, and Instacart+ trial practices.
TechCrunch: ChatGPT’s mobile app surpassed $3B in global consumer spending since launching on iOS and Android in 2023.
Reuters: Goldman Sachs said gold prices could rise 14% to $4.9K per ounce by December 2026 on central bank demand.
WEDNESDAY POLL RESULTS
Are you bullish or bearish on discretionary-leaning staples in 2026?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
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