Happy Wednesday! The next major spark for the market may not come from the Fed or earnings season — it could come from the most anticipated IPO in Wall Street history. Read on to find out why this could change how investors position for the next leg of the bull market.

Also, when Bill Gates and Marjorie Taylor Greene are buying the same stocks, Wall Street takes notice. Here’s a look at the five companies both are betting on and why they might deserve a spot in your portfolio.

Plus, if you’re looking to trade smarter by following sector trends and using AI, check out today’s sponsor and grab their free Top-Down Trading eBook.

Note: The U.S. stock market will be closed tomorrow in observance of New Year’s Day. As a result, there will be no edition of the newsletter. We’ll be back with more market insights and news on Friday.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

EXCLUSIVE: SpaceX IPO Could 'Open The Floodgates' — Here’s How Private Companies, Tesla Would Be Impacted

A potential SpaceX IPO next year would be a massive catalyst for market momentum, spark renewed enthusiasm for public offerings and influence how investors view other high-profile private companies (OpenAI, etc.).

With timing, market sentiment and Elon Musk’s expanding influence all in play, this long-anticipated move may signal a shift in the next phase of the bull run — one that savvy investors won’t want to ignore. Read on to see why this single IPO could change the investing landscape and how it could impact your portfolio.

Are You Picking Stocks Backwards?

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So why are most traders obsessing over the 30% while ignoring the 70%?

The Top-Down approach changes the game.

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Yesterday: U.S. indexes declined for a third consecutive session, raising some concerns as markets move through the traditionally strong year-end “Santa Claus” rally. The pullback reflects recent profit-taking and has increased concerns about volatility heading into the new year. Despite the recent weakness, Wall Street remains on track to finish December higher, with the Dow up 1.4% for the month and poised for its eighth straight monthly gain — the longest streak since 2018. Looking ahead, strategists continue to expect another double-digit advance for the indexes next year, though many anticipate a more range-bound market as earnings growth catches up to lofty multiples.

On Our Radar: Analysts will be paying attention to initial jobless claims — the only major report today — for signals on employment conditions and broader economic health.

Shares of Occidental Petroleum (OXY), Molina Healthcare (MOH) and Newmont (NEM) finished in positive territory despite all the indexes finishing in the red. Meanwhile, Shopify (SHOP), Tesla (TSLA) and Palantir (PLTR) were some of the biggest losers on the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Top AI Picks: The AI boom is entering its next phase. Learn which stocks Wedbush’s Dan Ives predicts will ride the wave to massive gains.

Crude Awakening: Heading into next year, oil ranks among Wall Street’s most bearish consensus trades. Discover why that overwhelming pessimism may be setting up a compelling contrarian opportunity.

10% Stake: It was a race against the clock, but Softbank pulled through with its $40 billion investment in OpenAI — including selling its entire stake in Nvidia to make it happen. Click here for the details and what the deal means for the future of tech.

Fiat Fallout: Ray Dalio’s latest warning hints that global currencies could be on the brink of a historic shake-up. Here’s everything you need to know.

Stock Of The Day: Shares of Palantir continue to fall after breaking a recent support level. Read on to see what area traders are watching next and where the stock might find its footing before the next rally.

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On This Day In 1997…

Microsoft completed its acquisition of Hotmail, one of the first widely used web-based email services, for around $500 million. This marked a major step for Microsoft in expanding its presence on the internet, integrating Hotmail into its MSN online services platform. At the time, email was rapidly becoming a critical tool for both personal and business communication, and acquiring Hotmail positioned Microsoft to compete more effectively with emerging online services. The deal is often remembered as one of Microsoft’s early and significant strategic acquisitions in the tech industry, laying the groundwork for its later expansion into online platforms and cloud-based services.

QUOTE OF THE DAY

“As an investor my job is to figure out what will happen rather than what should happen.“

— David Einhorn

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