HAPPY WEDNESDAY TO THE STREET
JPMorgan (JPM) is launching an Athlete Council, tapping Tom Brady, Dwyane Wade, and Megan Rapinoe to help build a financial literacy program for young sports professionals. Careers peak early, pay spikes fast, and most players have never sat across from a financial advisor before signing their first big deal.
It’s a great innovation. Just wish they’d thought of it when I still worked for their Private Bank…
🟥 | US stocks sank today on mounting inflation concerns, as the Federal Reserve once again opted out of cutting rates at its March meeting.
📈 | One Notable Gainer: Lululemon (LULU) jumped after topping fiscal fourth-quarter expectations.
📉 | One Notable Decliner: Gemini Space Station (GEMI) tumbled after Citi downgraded the stock to Sell, citing crypto environment concerns.
— Brooks & Cas
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
BEST AI AT THE END OF 2026?
Arena, the AI industry's go-to LLM leaderboard, is funded by the same companies it ranks, including Anthropic, OpenAI, and Google (GOOGL).
Its rankings move venture capital, shape launch timing, and determine which models get labeled frontier.
The question on the table: will Anthropic hold the top spot at year end, knowing the referee writes the checks too?
Market Movers
DOCUSIGN, MACY’S, WILLIAMS-SONOMA
📈 | Docusign (DOCU) beat Q4 estimates and issued Q1 revenue guidance above analyst expectations.
📈 | Macy's (M) beat Q4 earnings and revenue estimates.
📈 | Williams-Sonoma (WSM) beat quarterly earnings estimates and raised its quarterly dividend by 15%.
📈 | SL Green Realty (SLG) gained after Deutsche Bank upgraded it to Buy.
📈 | ZTO Express (ZTO) announced a $1.5B stock buyback.
Tomorrow's Trade Idea, Today
THE LONG HAUL MAY PAY OFF
Stock Spotlight
Wheels Up on the Upgrade
The Rating: UBS analyst Thomas Wadewitz upgraded Knight-Swift Transportation to Buy, citing growing visibility into truckload supply reduction and rising spot rates.
The Thesis: As carrier attrition accelerates and truckload pricing strengthens, KNX offers the greatest earnings leverage among peers.
The Follow-On: Watch truckload spot rates through mid-2026. Wadewitz forecasts 15 percentage points of pricing gains across 2026 and 2027, with a resulting lift to his 2027 earnings per share estimate.
OVERHEARD ON THE STREET
🏦 | The Federal Reserve projected just one cut in 2026 despite higher inflation forecasts, and Chair Jerome Powell said he will stay on until nominated successor Kevin Warsh is confirmed by the Senate.
Kalshi Odds: “Fed decision in April?”
Fed maintains rate: 94%
Cut 25bps: 4%
Hike 25bps: 2%
🛢️ | President Trump issued a 60-day Jones Act waiver allowing foreign tankers to carry oil and other commodities between US ports, amid climbing oil prices.
📊 | US producer prices rose 3.4% year-over-year in February, the largest annual gain in a year.
✈️ | A senior Trump administration official warned that some smaller airports may be forced to close as unpaid TSA officers miss shifts at rising rates.
TUESDAY’S POLL RESULTS
Are you bullish or bearish on Align Technology (ALGN) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “Invisalign is a solid product base for the company. Their market is somewhat dependent on disposable income though.”
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