Happy Thursday! Wall Street is buzzing over speculation that Kevin Hassett will become the next Fed chief. So what does that mean going forward? Click here to explore the full breakdown on what a more dovish Fed would mean for your portfolio.

Also, transportation stocks continue to soar with their strongest rally in years — a move that has Wall Street’s attention as many view transports as a real-time barometer of economic momentum. So what’s behind the surge and which names are sprinting ahead? Read on to uncover the top 10 movers driving this breakout.

Plus, if you’re looking for an innovator in senior care technology and personal emergency response systems, check out today’s sponsor.

In Today's Edition

• SPONSORED CONTENT

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

• MARKET HISTORY

Trump Says Kevin Hassett Is His 'Potential Future Fed Chair' — What Does It Mean For Markets And Your Portfolio?

Kevin Hassett has Wall Street’s full attention as President Trump continues to hint that he’ll be the one to succeed Jerome Powell next year.

Investors are now grappling with what that means for the economy and the stock market. Hassett is decidedly more dovish than Powell so understanding what that means from rate paths to risk sentiment will be critical. Click here for the all the insights and detailed analysis and what it could mean for your portfolio. 

LogicMark Rolls Out First-Of-Its-Kind Medication Reminders Feature In Its Personal Safety Device

LogicMark Inc. (LGMK), a trailblazer in the personal emergency response systems for the care economy, is setting a new industry standard with the launch of Medication Reminders.

The new feature on its Freedom Alert Max device lets users know when it's time to take their medicine. If they don’t mark they took it, it will be logged and analyzed. This eliminates the need for a separate app for reminders, and is what LogicMark says is a first for the industry.

"We're revolutionizing the medical alert industry by integrating essential health management tools directly into our devices. This is the future of senior care – proactive, integrated, and incredibly powerful," said Chia-Lin Simmons, CEO of LogicMark. To learn more about this elder care innovator, click here.

This is a paid ad. Please see 17b disclosure here for more information.

Yesterday: U.S. indexes closed higher Wednesday after a stronger-than-expected ISM Services PMI reading showed activity accelerating to its highest level since February. At the same time, the ADP employment report for November painted a weaker picture, as private employment declined by 32,000 — well below expectations of a gain of 40,000 — driven largely by steep job losses at small businesses. The softer reading boosted expectations for the Fed to cut rates at next weeks meeting, with futures implying a 90% chance. Lastly, the AI trade faltered again, which weighed on the tech sector. Microsoft, Nvidia, and Broadcom all declined after reports claimed that Microsoft has dramatically reduced AI-related sales targets.

On Our Radar: Analysts will be watching initial jobless claims this morning, as well as a speech from Fed Vice Chair Michelle Bowman. On the earnings front, all eyes will be on Hewlett Packard (HPE), DocuSign (DOCU), and SentinelOne (S) which all report after the market close.

Shares of On Semiconductor (ON) and Circle (CRCL) surged, while Pure Storage (PSTG) and GitLab (GTLB) plunged. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

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.

Shutdown Shakeoff: The government shutdown took a toll on the airline industry with more than a $200 million hit for Delta alone. The good news is that airlines saw a record-breaking amount of travelers over the Thanksgiving holiday with a record number of passengers screened by TSA. Are airline stock poised to take flight? Read on to find out.

Eagle Eyes: Shares of American Eagle hit a 52-week high after a stellar Q3 and record Thanksgiving weekend traffic fueled a holiday sales surge. See how high analysts are raising their price targets and what this trend means for investors looking to ride the momentum.

Cloud Nine: Salesforce stock jumped after beating analyst estimates and also raising its guidance as well on a booming revenue pipeline. Click here for all the details. 

Tech Exodus: This U.S. senator quietly offloaded major stakes in Apple, NVIDIA, and Microsoft and used the proceeds to purchase these stocks instead. Here’s why.

Meltdown: Snowflake melted expectations on earnings, however, investors are feeling the chill after weaker margin guidance. Click to see why the cloud giant’s AI ambitions might just thaw — or freeze — its stock momentum.

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On This Day In 1991…

Pan American World Airways (Pan Am) — which was one of the most iconic names in global aviation — ceased operations, bringing an end to a storied 64-year run that helped define the modern airline industry. After years of mounting financial losses, rising fuel costs, intense competition from deregulated U.S. carriers, combined with the lingering effects of the 1988 Flight 103 bombing, Pan Am didn’t survive. The shutdown marked one of the most dramatic corporate failures in American history, reshaping the airline landscape overnight as rivals absorbed routes, aircraft, and employees.

QUOTE OF THE DAY

“Markets are constantly in a state of uncertainty and flux.“

— George Soros

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