HAPPY THURSDAY TO THE STREET.

Walmart’s $WMT ( ▼ 0.52% ) tariff hikes are on their way. Avocados, bananas, and toys are among the items its CFO warned will be pricier by the end of May.

Guess “Always low prices" has gone the way of Google’s $GOOGL ( ▲ 1.37% ) “Don’t be evil”.

• 🟨 | US stocks were mixed again, but the S&P 500 extended its winning streak to four days, as the market shifted cautiously toward optimism.

• 📈 | One Notable Gainer: Foot Locker $FL ( ▼ 0.29% ) popped hard on news that it will be acquired for $2.4B.

• 📉 | One Notable Decliner: The acquirer didn’t fare as well. Dick’s Sporting Goods $DKS ( ▼ 2.0% ), which will buy the mall brand, slumped after TD Cowen called the deal a “strategic mistake”.

— Brooks & Cas

Sponsored by RYSE

APPLE’S NEW SMART DISPLAY CONFIRMS WHAT THIS STARTUP KNEW ALL ALONG

Apple has entered the smart home race with its new Smart Display, firing a $158B signal that connected homes are the future. 

When Apple moves in, it doesn’t just join the market — it transforms it.

One company has been quietly preparing for this moment. 

Their smart shade technology already works across every major platform, perfectly positioned to capture the wave of new consumers Apple will bring.

While others scramble to catch up, this startup is already shifting production from China to its new facility in the Philippines — built for speed and ready to meet surging demand as Apple’s marketing machine drives mass adoption.

With 200% year-over-year growth and distribution in over 120 Best Buy locations, this company isn’t just ready for Apple’s push — they’re set to thrive from it.

Shares in this tech company are open at just $1.90.

Apple’s move is accelerating the entire sector. Don’t miss this window.

INVEST NOW BEFORE APPLE'S HALO EFFECT TAKES HOLD

STOCK HEATMAPS

Market Movers

UNITEDHEALTH, COCA-COLA, COINBASE

$UNH ( ▼ 2.08% ) UnitedHealth stock craters, hitting 5-year low after new report reveals possible Medicare fraud probe (YF)

$KO ( ▼ 0.99% ) Meet Project Fizzion, Coca-Cola’s big bet on an AI-powered design copilot (FC)

$COIN ( ▲ 5.0% ) Coinbase says hackers bribed staff to steal customer data and are demanding $20 million ransom (CNBC)

$BOOT ( ▲ 1.38% ) Boot Barn enjoys a degree of stability not enjoyed by retailers (SeekingAlpha)

$FI ( ▼ 0.54% ) Fiserv Stock Slumps as CFO Says Clover Growth Will Likely Remain Flat (Investopedia)

OVERHEARD ON THE STREET

AP: US wholesale prices fell 0.5% in April, the largest drop in five years, despite President Trump’s import tariffs.

CNBC: The White House announced a partnership with the UAE to build a massive AI data campus in Abu Dhabi.

Reuters: Elon Musk reclaimed leased Teslas $TSLA ( ▲ 1.92% ) to use as robotaxis — but instead the company upgraded and sold them.

WSJ: Meta $META ( ▲ 0.17% ) pushed back the rollout of its flagship AI model as it works to improve its capabilities.

Fortune: BMW’s $BMWYY ( 0.0% ) CEO told shareholders that betting solely on EVs is a "dead end”.

Tomorrow's Trade Idea, Today

AI GOES NUCLEAR

A New Power Source

Centrus Energy $LEU ( ▼ 0.18% ) may not be front of mind for most investors. But it’s central to the nuclear power bull thesis.

The US has seen a sweeping attempt to expand its nuclear power capabilities to meet the soaring electricity demands driven by AI data centers. Evercore ISI $EVR ( ▲ 0.65% ) believes Centrus could help lead the way.

The firm initiated coverage of the stock with a bullish outlook, assigning it a 12-month price target of $145 — an upside of more than 50% from today’s close.

“Must Own” Momentum

Evercore went so far as to call Centrust a “must-own” stock for investors looking to profit from the intersection of tech and energy.

Centrus occupies a rare and arguably vital role in the nuclear supply chain. Formerly known as the US Enrichment Corporation and part of the Energy Department, the firm was privatized in 1998 and remains the only publicly traded company focused on nuclear fuel enrichment.

It’s also the only US-licensed producer of high-assay low-enriched uranium, which powers next-generation small and micro nuclear reactors. An increasing number of market observers see these reactors as the future of clean energy.

Expanding Its Moat

Evercore analyst Nicholas Amicucci emphasized Centrus’ durable competitive advantage, noting that its existing utility contracts stretch through 2040.

Many companies are set to build innovative nuclear facilities in the near future, and all of them will depend on a reliable fuel source. Providing this fuel source is an area where Centrus maintains a deep moat, particularly within the US market.

As the global race to expand nuclear capacity heats up, companies like Centrus — which has the unique capability to supply enriched uranium — may well stand out.

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ON OUR RADAR

CNBC: JPMorgan $JPM ( ▼ 0.14% ) CEO Jamie Dimon said a US recession remains possible amid ongoing tariff uncertainty.

Reuters: The Trump administration announced plans to audit $15B in energy grants awarded under President Biden.

AP: Denver air traffic controllers were forced to use backup frequencies after a 90-second communications outage, the latest FAA equipment failure.

Bloomberg: Trump's push to finalize major AI deals in the Middle East has sparked internal tensions with China hawks in his administration.

WSJ: Trump criticized Apple $AAPL ( ▼ 0.36% ) for expanding iPhone production in India as he pushed for more stateside manufacturing.

WEDNESDAY’S POLL RESULTS

Are you bullish or bearish on Caterpillar (CAT) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “With all the work needed on infrastructure both nationally and globally, Caterpillar will be a major beneficiary of the construction.”

• 🐻 Bearish — “Don’t think it’ll go up much.”