HAPPY WEDNESDAY TO THE STREET.

Are orbital space crystals the future of medicine? The Verge says they could be, but I’m not so sure. May be a better Star Trek spec script than investment.

• 🟥 | US stocks continued to slide today as rising Treasury yields weighed on Wall Street.

• 📈 | One Notable Gainer: Alphabet $GOOGL ( ▲ 3.25% ) led the S&P 500 on a red day on the heels of the new AI tools it rolled out at Google IO.

• 📉 | One Notable Decliner: Cybersecurity firm Palo Alto Networks $PANW ( ▲ 1.26% ) slumped after reporting rising revenue — outpaced by rising costs.

— Brooks & Cas

Sponsored by GoldCo

Considering Gold in 2025? Here are the facts…

Here are the issues we’re facing right now: tariffs, inflation, & volatile markets… What’s going to happen to your money?

Prices may climb higher. Retirement plans could be forced to change. If not now, then maybe a few years down the road.

And inflation? It may be eating away at your savings every day.

Check your grocery bill. Your utilities. The dollar’s power is not going as far as it used to.

Through it all, gold stands firm. Imagine a vault, deep underground. Rows of gold bars. Shields against market uncertainty.

While the dollar weakens, gold has historically retained its value. It doesn’t just hold its value — it can potentially grow.

Learn the IRS-approved strategies to diversify your savings with gold and silver. Request your free Gold & Silver Kit today. And get details on a special BONUS SILVER* offer for new customers.

Learn more >>

_{*Offer valid on qualified orders of Goldco premium products only. Receive up to 10% in free silver based on purchase amount; cannot be combined with other offers. Additional terms apply—see your customer agreement or contact your representative for details.}

STOCK HEATMAPS

Market Movers

UNITEDHEALTH, COREWEAVE, TARGET

$UNH ( ▲ 2.5% ) Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers (The Guardian)

$CRWV ( ▲ 3.78% ) CoreWeave Just Changed The Game (SeekingAlpha)

$TGT ( ▲ 4.06% ) Target’s problems are escalating (CNN)

$GOOS ( ▲ 1.79% ) Canada Goose Avoids Tariff Woes With Made-in-Canada Supply Chain (Bloomberg)

$FICO ( ▲ 0.18% ) Fair Isaac Stock Is Today’s Worst Performer in the S&P 500. Here’s Why. (Barron’s)

OVERHEARD ON THE STREET

CNBC: Treasury yields surged as the GOP budget bill raised concerns of a rising deficit.

Axios: OpenAI will pay $5B in stock to acquire io, a startup co-founded by famed Apple $AAPL ( ▲ 1.64% ) designer Jony Ive.

WSJ: Bitcoin hit an all-time high but quickly retreated as rising Treasury yields weighed on high-risk assets.

Reuters: Microsoft $MSFT ( ▲ 0.58% ) filed legal action against Lumma after the malware infected nearly 400,000 Windows computers in recent months.

AP: Target’s earnings highlighted the bifurcated effects of tariffs on US retailers.

Tomorrow's Trade Idea, Today

SENIOR HOUSING SHAKE-UP

American Healthcare

Morgan Stanley $MS ( ▲ 0.92% ) has lifted its outlook on the REITs of two senior housing companies: American Healthcare $AHR ( ▲ 1.46% ) and Sonida Senior Living $SNDA ( ▲ 3.51% ).

Specifically, the firm boosted its price target for American Healthcare from $37 to $45, implying an upside of more than 30%, and maintained its Overweight rating.

Analysts pointed to the REIT’s strong occupancy and pricing, saying that these things point to further upside potential due to supply and demand dynamics. The firm also highlighted the resilience and growth potential of the sector as a whole, and is bullish on the recovery and profitability of senior housing.

Sonida Senior Living

Morgan Stanley also raised its price target for Sonida Senior Living to $26, a little less than 5% above today’s closing price.

While a much more modest increase than AHR’s, the hike shows that the firm believes SNDA will at least stay in line with its peers. Morgan Stanley also maintained its Equal Weight rating.

Analysts don’t view Sonida as a growth opportunity, so much as a stable investment in an uncertain broader macro environment.

Conflicting Valuations

Despite Morgan Stanley’s adjusted target, broader analyst sentiment around Sonida remains neutral. On the bearish side, GuruFocus set a price target of only $6.49, a whopping 75% decrease from current price levels.

The average analyst rating is a Hold, and the mixed valuations reflect uncertainty surrounding Sonida’s long-term fundamental strength. However, Morgan Stanley is convinced that these REITs are having a moment — and not just a senior one.

Sponsored by BOXABL

IS THE STICK-BUILT HOUSE OFFICIALLY OUTDATED?

What if building a house could be as simple as building a car? Where a car rolls off the assembly line every few minutes. 

BOXABL is inspired by Ford and Tesla’s manufacturing process. Their mission is to make upscale, low-cost housing available globally by bringing assembly line automation to the housing industry. BOXABL’s patented technology allows them to create modular, prefabricated homes that are designed to fold up for transport which significantly decreases the cost of shipping & the complexity of installation. 

BOXABL has raised over $170M from over 40,000 investors since 2020. They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! BOXABL is now only accepting investment on their website until the Reg A+ is full. 

If you want to join over 40,000 existing investors and be a part of the story, click below to explore investing in BOXABL.

Invest in BOXABL today!

Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL

*Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so.

ON OUR RADAR

CNBC: The Trump administration formally accepted Qatar’s gift of a $400M Boeing 747 jet.

Bloomberg: The EU submitted a new trade proposal to the US as it aims to secure a deal before tariffs resume.

CNN: Dior $LVMUY ( ▲ 0.33% ) will pay $2.3M to settle labor conditions allegations in Italy.

Fortune: In comments at Fortune’s MPW forum, HSBC’s $HSBC ( ▲ 0.65% ) CEO said she would never “waste a good crisis”.

WSJ: Everything you need to know about RFK Jr’s “Make America Healthy Again” report.

TUESDAY’S POLL RESULTS

Are you bullish or bearish on Best Buy (BBY) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “Caution: Lasser’s call comes as UBS tanks on broader banking sector jitter… but don’t sleep on this if China deal whispers grow louder.”

• 🐻 Bearish — “BBY will slow as the economy slows.”