HAPPY APRIL FOOL’S DAY TO THE STREET
We wished our Research members a "Happy Sunday" in this morning’s monthly report. Mistake or masterfully timed prank? Today, no one can tell.
(Fortunately for us.)
Of course, the market doesn't take the day off just because we mixed up the calendar. It’s Wednesday, and nothing about today's market moves is a joke.
🟩 | US stocks continued their rebound today as oil prices continued to fall on growing Middle East optimism.
📉 | One Notable Decliner: Nike (NKE) slumped on a slew of downgrades, following mixed quarterly results.
— Brooks & Cas
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
Market Movers
RH, DAVE & BUSTER'S, HASBRO
📈 | Dave & Buster's (PLAY) surged after management guided for higher same-store sales, revenue, and adjusted EBITDA in 2026.
📉 | Hasbro (HAS) fell after disclosing unauthorized access to its network in a cybersecurity incident.
📈 | Micron (MU) gained as memory stocks continued their rebound, and Cantor Fitzgerald named it a top pick.
📉 | RH (RH) plunged after full-year revenue guidance came in below Wall Street's estimate.
📈 | Cal-Maine (CALM) gained after beating on both earnings and revenue in its fiscal third quarter.
We highlighted one of those gainers in this morning’s Street Sheet Research report. Find out which one instantly when you sign up today.
Tomorrow's Trade Idea, Today
DYE ANOTHER DAY
Stock Spotlight
A Certified Dye-Hard
UBS initiated coverage on food dye maker Sensient Technologies with a Buy, calling it the prime beneficiary of a coming US shift away from synthetic food dyes that the bank expects to accelerate sharply in the second half of 2026.
Analyst Joshua Spector sees natural color adoption hitting a tipping point as grocers and food producers race to hit conversion targets before the start of 2027.
Not on the Label Yet
Sensient is the world's largest natural color producer, with roughly 60% of its sales tied to North America. Spector projects the company's color group could grow by more than 200% by 2030.
UBS argues that this trajectory isn't close to being priced in. The stock trades at only a slight premium to its historical average, despite what the bank sees as a materially stronger growth outlook ahead.
Still Coloring Outside the Lines
Only three analysts cover the stock. Two are bullish, one holds.
Shares are in the red over the past month, though they've outperformed the broader market year-to-date.
For a company sitting squarely at the center of one of the year's most consequential regulatory shifts, that's a lot of upside still waiting for a coat of paint.
Do you own any shares of Sensient Technologies (SXT)?
OVERHEARD ON THE STREET
🚀 | SpaceX confidentially filed for an IPO that could seek a valuation above $1.75T, which would make it the largest public offering in US history.
We highlighted how (and why) to play SpaceX before its IPO in last weekend’s Street Sheet Research report. Find out when you sign up today.
💊 | The FDA approved Eli Lilly's (LLY) once-daily GLP-1 obesity pill, branded Foundayo, starting at $149 per month.
⚔️ | After Iran's Revolutionary Guard threatened attacks on US tech companies, including Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), and Google (GOOGL), Trump claimed Iran's president requested a ceasefire and privately discussed withdrawing from NATO with advisers.
🥇 | Gold posted its worst monthly decline in over a decade in March but is rebounding in April.
⚖️ | Supreme Court Justice Samuel Alito drew laughs during oral arguments for the birthright citizenship case by asking whether the court should let Claude AI decide the case.
TUESDAY’S POLL RESULTS
Are you bullish or bearish on NiSource (NI) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
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