Coffee rises 10% in five days more inflation pain is ahead. Uranium stocks surge to new record all time highs boosting S&P500 to its 52nd record this year

US stocks pushed up to brand-new record highs overnight, ahead of the Thanksgiving public holiday. The S&P 500 smashed a new 52nd record closing high, with newfound buyers entering the market and providing extra momentum that suggests more highs are ahead for the S&P 500 $S&P 500 Index (.SPX.US)$ . Meanwhile, the tech-heavy Nasdaq $NASDAQ 100 Index (.NDX.US)$ lifted the most, up 0.6%. Although the Nasdaq is up 28% this year—the best-performing index globally—it still has some work to do to get back to its record high. Perhaps it might get there next week.

As for stocks on the move, uranium and energy stocks like NRG, Constellation Energy, and Vistra were the best performers overnight, with NRG $NRG Energy (NRG.US)$ shares rising 10%—its biggest move since 2021. Constellation $Constellation Energy (CEG.US)$ rose 7%, and Vistra $Vistra Energy (VST.US)$ gained 5%. There’s a lot to be said about these companies, which I’ve been emphasizing for a year—not just because they’re generating some of the best investment returns, but because they’re just starting to be noticed by Wall Street. They could raise the ante again. NRG was upgraded by Jefferies overnight to a "buy," which they stated clearly: NRG has more potential for near-term upward revisions, making it a clear opportunity as investors have not yet fully embraced the nuclear energy fixation. Meanwhile, Constellation Energy wants grid tariff rules to be changed as it provides energy to data centers, such as Amazon.

As for stocks under pressure overnight, investors were selling stocks that might take a hit from Trump’s tariffs on Mexico and Canada. Alcohol company Constellation Brands $ known for its Mexican beers Corona and Modelo, fell over 3%, while automaker General Motors fell 9%, and Stellantis—the parent company to Ram, Jeep, and Citroën—fell almost 6%. Both GM and Stellantis $Stellantis NV (STLA.US)$ have manufacturing operations in Mexico and Canada.

Starbucks $Starbucks (SBUX.US)$ shares have fallen for two days as its costs are on the rise, and it’s looking to sell its stake in its Chinese business. This also shows that big businesses are still struggling with inflation—let alone us consumer.