Happy Thursday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.

• 🟩 | US stocks rose on Thursday. Stocks continued their march higher, with all three major indexes reaching record-high territory. The S&P 500 and Nasdaq Composite rose less than 1%, and the Dow jumped 270 points.

• 📈 | One Notable Gainer: Shares of Micron Technology shot up 14%, marking the stock's best day in 12 years. This comes after the company’s second-quarter fiscal 2024 results easily beat analyst expectations and offered rosy guidance.

• 📉 | One Notable Decliner: Apple shares took a 4% dive after news broke that the US Justice Department is filing an antitrust lawsuit against the company, alleging that it illegally monopolized the smartphone market.

• 🆕 | Tomorrow's Trade: Due for an Upgrade. Scroll down for more.

Plus, if you’re not into gold, read this…

MARKET MOVERS

Five Below, Broadcom, and Papa John’s

FIVE (-15%) Five below had its worst day since May of 2022 after the company posted disappointing fourth-quarter earnings (TradingView)

CHWY (-9%) More disappointing earnings news… Chewy’s latest financial results showed a decline in active customers, causing BofA to cut its stock price target (Investing.com)

AVGO (+6%) Broadcom’s latest AI event left Wall Street feeling quite optimistic about the chip maker, and TD Cowen analysts upgraded the stock (Barron’s)

GES (+21%) Contemporary clothing brand Guess saw its shares soar after it reported quarterly results that beat Wall Street expectations (TradingView)

PZZA (-5%) Papa John’s stock dropped after news broke that Shake Shack has replaced its chief executive with Papa John’s CEO Rob Lynch (Investopedia)

TOGETHER WITH VANTAGEPOINT

If You’re Not in Gold, Read This

If you're not in Gold, there's a golden window of opportunity that I want to show you today.

Anticipations for imminent rate cuts were prevalent until recently, prompting Fed Chair Jerome Powell to express skepticism about potential cuts in March.

Previously, the consensus leaned towards six trims for the year, but now, expectations have shifted to fewer cuts, starting around June or July.

Meanwhile, Gold and BTC are skyrocketing past expectations and establishing new all-time highs.

Many traders wonder if the “Powell Effect” will open a window of opportunity in March for these two explosive assets…

Here’s the good news – YES.

A.I. is forecasting where Gold and BTC are headed for the rest of the month.

Come find out when these ‘golden’ windows of opportunity are expected to arrive!

Please note examples are from past data and are success stories. Trading involves financial risk and is not suitable for all investors. Past results do not guarantee future performance.

OVERHEARD ON THE STREET

Reuters: Reddit shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion.

Bloomberg: Dell CEO Michael Dell has sold a total of $465 million in shares of his namesake company, selling shares almost daily since March 6th.

CNBC: The chief technology officer of web security firm Akamai believes web innovation is stagnating, similar to space exploration after the 1970s.

BI: Capital Economics forecasts that rising US home buyer demand and low inventory will drive house prices 5% higher this year.

Bloomberg: Barclays claims that if Trump is re-elected, the US dollar will be positioned to rally 3% based on his proposals for more tariffs, economic stimulus, and weaker NATO commitments.

TOMORROW’S TRADE IDEA, TODAY

Due for an Upgrade

Citi

CNBC recently put together a list of Wednesday’s biggest analyst calls. The list features calls from institutions like Citi (C), UBS (UBS), and JPMorgan (JPM). 

Citi analysts opted to downgrade Wells Fargo (WFC) from buy to neutral. This was largely due to the stock’s price, which is currently more expensive than most of its competition. 

The bank also opted to upgrade International Paper (IP) from neutral to a buy rating, citing its new management choices as a reason to be bullish. It also again listed Nvidia (NVDA) as a buy, upping its price target for the tech stock to $1,030 after its GTC conference.

UBS

UBS analysts upgraded FMC (FMC) from neutral to buy. The investment bank is encouraging investors to “buy the bounce.” It believes that Q1 EBITDA numbers are the company’s bottom, and its Brazilian import business should drive a comeback.

UBS also initiated coverage on two airlines: American Airlines (AAL) and Delta (DAL). Both received a buy rating. UBS believes both companies have strong free cash flow.

JPMorgan

JPMorgan analysts chose to upgrade Bitcoin mining company Riot (RIOT) from neutral to overweight. It believes the company has a “relative upside.” This choice follows Bitcoin hitting an all-time high last Thursday. 

The investment bank held its rating of Apple (APPL) at overweight, citing the fact that many believe the tech giant is lagging behind its competition when it comes to AI. 

Keeping up with analysts’ recommendations can help investors stay abreast of market news and make the right decisions for their portfolios.

ON OUR RADAR

Now Toronto: A report from Zoocasa found that it takes 39 years for an average person in Toronto, Canada to afford a down payment on a home.

Axios: Tight labor markets have pulled more workers off the sidelines, and there are now more women in the global workforce than before COVID.

BI: The out-of-pocket cost for new cars can be over $7,000 annually. That's nearly doubled the estimate from a decade earlier, which was $4,191.

Reuters: The European Commission proposed a plan to send Ukraine the $2.7-3.3 billion in profits generated from Russian bank assets frozen after the invasion.

YF: Recent analysis from Bank of America showed the average revenue per worker for companies in the S&P 500 hit an all-time high after 15 years of no gains.