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A deal that fell apart is setting the tone this morning. The day's biggest move belongs to a casino stock giving back its takeover premium after the would-be buyer walked away, while gold miners follow the metal lower and a tech giant cools off after a big week.

On the other side, confidence is getting paid. A data storage company is rallying on long-range targets that cleared Wall Street's bar, and an activist stake is lifting a construction materials name.

Your financial advisor gets paid whether you make money or lose it. 

When the market rises? They collect. When the market crashes? They still collect. And most will keep you in the same stocks, funds and 60/40 portfolios that depend heavily on one thing: The market going UP. 

But institutions have spent decades using alternatives — including systematic strategies designed to operate differently from traditional long-only portfolios. Now individual investors can finally access that kind of technology too. 

Everpure (P): +4%

The data management and storage company is climbing after its financial analyst meeting, where preliminary 2028 guidance landed ahead of Wall Street's expectations on both revenue and operating income. Guidance that clears the bar two years out is a statement of confidence in long-term demand, and investors are giving management credit for it this morning.

Knife River (KNF): +4%

The construction materials company is rising after The Wall Street Journal reported that activist investor Starboard Value has taken a substantial stake. Starboard reportedly wants Knife River to improve its margins or potentially consider a sale, and with an activist pushing on both fronts, shareholders see a potential catalyst either way.

MGM Resorts International (MGM): -10%

The casino giant is tumbling after Barry Diller's People (PPLI) withdrew its proposal to buy the company, with Diller saying the pieces didn't come together the way he had hoped. He still holds 66.8 million shares and expressed faith in MGM, but with the buyout off the table, the stock is giving back the deal premium investors had been counting on.

Kinross Gold (KGC): -4%

Gold miners are moving lower alongside gold futures, which earlier hit their lowest level since September 16, and Kinross is taking the biggest hit in the group. Newmont (NEM) and Iamgold (IAG) slipped roughly 1%, a reminder that miners tend to trade as leveraged bets on the metal itself.

Meta Platforms (META): -1%

The tech giant is slipping after a nearly 12% run so far this week on optimism around its Muse AI agent. CEO Mark Zuckerberg introduced the $1,299 Meta VR Glasses and Muse Charm, a handheld device that works with Muse, late Wednesday, and after a week like this, some investors may simply be locking in gains.

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Palantir Technologies (PLTR)

Palantir is climbing the r/wallstreetbets leaderboard, with ApeWisdom showing mentions up almost 500% in the past 24 hours, as traders debate whether its break above $188, the ceiling of a range it had held since its August earnings rally, sets up a run at $200. Not everyone is buying the breakout: StockTwits sentiment is sitting near neutral, and Michael Burry reiterated on his Substack this week that he still sees money in shorting the stock.

Shares closed Wednesday at $191.79, roughly 8% below their all-time closing high of $207.52, and are slightly lower in premarket. Whether $200 turns out to be a launchpad or a wall may say a lot about how much conviction is really behind this move.

✌️That’s it for today.