HAPPY THURSDAY TO THE STREET.

Bitcoin is back up over $100,000, thanks in part to news that Missouri will no longer tax capital gains on the cryptocurrency. Is Kansas City about to become a mecca for crypto bros? Not the heroes we need, but the ones we deserve.

ICYMI, here’s what else happened on the Street today.

• 🟩 | US stocks rose today after President Trump announced the first trade deal since Liberation Day.

• 📈 | One Notable Gainer: AppLovin $APP ( ▲ 11.88% ) was lovin’ life today after beating expectations and looking to sell its mobile gaming business for $400M.

• 📉 | One Notable Decliner: Cleveland-Cliffs $CLF ( ▼ 15.78% ) was not looking tough as steel after announcing plans to idle some plants following a large Q1 loss.

— Brooks & Cas

Sponsored by VantagePoint

[URGENT] 3 "TARIFF-PROOF" OPTIONS PLAYS DETECTED BY A.I.

The latest tariff escalation has triggered a $10 trillion global market meltdown, but our A.I. has identified 3 specific options strategies historically proven to thrive during trade wars.

With U.S. tariffs and customs complexities surging, these aren't obvious plays - they're sophisticated opportunities our algorithms detected in the volatility patterns unique to tariff implementation.

Join our FREE live training to discover:

✔️ The 3 specific options setups our A.I. flagged for (protective puts, covered calls, and spreads)
✔️ Exact sectors benefiting from supply chain disruption
✔️ Step-by-step implementation for ANY experience level

[SECURE YOUR SPOT NOW]

STOCK HEATMAPS

CARVANA, ELI LILLY, WARNER BROS

$CVNA ( ▲ 11.3% ) Carvana’s profitable new look is more than just a paint job (FT)

$LLY ( ▼ 3.25% ) / $REGN ( ▼ 2.36% ) Trump to pitch sweeping Medicare drug price plan (Politico)

$WBD ( ▲ 5.26% ) Warner Bros Discovery moving towards splitting company (Reuters)

$PTON ( ▼ 7.59% ) Peloton Falls After Posting a Third Straight Sales Decline (Bloomberg)

$BA ( ▲ 3.84% ) UK to announce $10 billion Boeing purchase, US commerce secretary says (YF)

OVERHEAD ON THE STREET

CNBC: Trump announced a US-UK trade deal, which will include cuts to auto and metal tariffs.

CNN: The president will also roll back Biden administration restrictions on AI chip exports, which faced criticism from Big Tech companies.

Reuters: The EU proposed retaliatory tariffs on up to 95B euros worth of US imports if trade talks fail.

AP: Bill Gates said he will donate 99% of his $160B fortune to the Gates Foundation, which will close in 2045.

FT: In explaining his choice, Gates also accused Elon Musk of “killing” children with DOGE cuts to USAID.

Tomorrow's Trade Idea, Today

NETWORKING IS WORKING FOR ANET

Mid-Slump Earnings Beat

Arista Networks $ANET ( ▲ 0.9% ) narrowly topped Q1 revenue expectations with $2 billion in sales and a better-than-expected profit of 65 cents per share. Despite the beat, shares are down nearly 22% in 2025, including a sharp drop following the report.

But that didn’t stop Wall Street analysts at Goldman Sachs $GS ( ▲ 3.33% ) and Bank of America $BAC ( ▲ 2.46% ) have reaffirmed Buy ratings in the oft-overlooked AI play. Even with lingering tariff headwinds, analyst Michael NG sees a 27% upside for the stock.

AI Tailwinds

Arista provides networking components for a number of tech sectors. Wall Street seems to think it’s, well, working.

The company reported strong momentum in AI-related demand, projecting at least $750 million in back-end AI switching revenue for 2025, signaling its expanding role in the AI infrastructure space.

Three of its four major AI cluster projects are already operational, and it expects strong pull-through demand for its front-end products. The analysts believe that demand for its AI products will offset global trade risks.

Cloud Nine

Additionally, analysts view the company’s cloud computing position as robust, particularly with key clients like Meta $META ( ▲ 1.46% ) and Microsoft $MSFT ( ▲ 1.11% ) ramping up capital expenditures by 70% and 44%, respectively.

Even if Meta slows next year, analysts expect Microsoft’s increasing Ethernet AI investments to support ongoing growth for Arista.

Amid broader AI uncertainty, the networking stock has quietly been putting in work. Now, two of the biggest firms on the Street believe it’s time to fit this component into portfolios.

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

ON OUR RADAR

CNBC: The Vatican named Pope Leo XIV, electing Robert Prevost as the first American to hold the title.

Reuters: Microsoft has blocked its employees from using China’s DeepSeek.

CNN: The Bank of England cut interest rates for the fourth time in its current cycle, warning of the global threat of tariffs.

Bloomberg: US mortgage rates held steady at 6.76% last week, near their yearly high.

Fortune: Diving deep into what the end of the Gates Foundation means for the future of philanthropy.

WEDNESDAY’S POLL RESULTS

Are you bullish or bearish on Shopify (SHOP) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “More and more of the online shops I regularly patronize are using Shop. They must be doing something right!”

• 🐻 Bearish — “SMB is going to get hit with tariffs, which will lower revenue in the short term.”