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🍭 How Sweet It Is: M&M Market Pushes Stock Market To New Highs

Forget NVIDIA, this market is now driven by M&M. Plus, everything you need to know about Tesla's upcoming robotaxi event.

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Happy Thursday! Usually, I’m pretty good at avoiding tourist traps when I travel. Who really needs to see the Eiffel Tower? Stonehenge is just a bunch of rocks in a circle. But when I went to NYC, the M&M in Times Square got me. I walked out of there with a bill that put me in credit card debt for more than a year. Now, we’ve got an M&M market: Micron and Meta leading the charge. But, will Meta’s new products live up to the hype?

—Aaron Bry

Plus, if you’re looking to take your options trading to the next level, you need to check out today’s partner.

MARKET SNAPSHOT

Yesterday: Mixed day on the street, with the S&P 500 closing slightly in the red while the Nasdaq edged higher. $VST, getting a boost on recent nuclear news, was a notable gainer closing up nearly 6%.

On Our Radar: PCE data on the way tomorrow morning, and we also have a slew of Fed Speak throughout the day today. Buckle up traders, because we could be in for a roller-coaster ride.

TOP STORY

Basically: Micron’s upbeat fourth-quarter performance is pushing the chip sector higher. AI server company Super Micro Computer, Inc has also gained momentum.

So: On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the analyst consensus of $7.64 billion. This was driven by a strong ramp of its data center DRAM and high-bandwidth memory products. Here are the stocks moving the most on Micron’s report.

PRESENTED BY CBOE
FIVE ZINGERS

Fade The Rally?: $DJT shares have rebounded more than 15% from their lows a few days ago. But the technicals may be pointing to another downturn ahead.

Deck The Halls: It might be too early for Christmas music, but it’s never too early to start looking at which companies are set to benefit from the holiday season.

All You Need Is $LUV: Southwest Airlines shares are trading higher after the company raised its forecast and announced a new stock buyback.

Gearing Up: Tesla’s Robotaxi event is coming up in a couple of weeks. Here’s who’s invited, and everything you need to know beforehand.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Basically: Meta Platforms Inc continues to excite investors and tech enthusiasts with its AI and AR advancements.

So: The company's latest Meta Connect event highlighted innovations in its AI assistant, AR glasses, and more affordable mixed-reality headsets, signaling Meta's ambition to shape the future of computing. Here’s where analysts think the stock is going next.

PRESENTED BY LASER PHOTONICS

Laser Photonics (NASDAQ: LASE), in partnership with Fonon Technologies, just landed a contract to arm a naval command in Virginia with next-generation maintenance capabilities. The company’s DefenseTech MF-1020 is a tactical-grade portable laser cleaning system – but it isn't just a tool; it's a sustainable solution, the company says, for surface preparation.

The dual-voltage system eliminates hazardous chemicals and abrasives and helps safeguard personnel while keeping critical equipment and assets battle-ready.

The laser equipment Laser Photonics creates is for defense and commercial clients alike. Learn more about how the company’s technology can support your industrial processes.

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