HAPPY THURSDAY TO THE STREET

Got a Ring camera? You might want to check the default settings.

The Amazon-owned (AMZN) smart home line canceled its partnership with controversial security firm Flock Safety, following backlash to its Super Bowl ad, which showcased its AI-powered Search Party feature.

But the feature is still live, as is Community Requests, which shares footage directly with local police. The company insists users control their footage. But, it’s worth noting, both settings are “on” by default. 👀

  • 🟥 | US stocks slid today as President Trump’s dizzying Iran commentary weighed on sentiment.

  • 📈 | One Notable Gainer: Etsy (ETSY) popped on news that it will sell Depop to eBay (EBAY) $1.2B.

  • 📉 | One Notable Decliner: Klarna (KLAR) investors sold now, will (maybe) buy later, after the BNPL provider’s guidance came in way below estimates.

— Brooks & Cas

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MARKET SNAPSHOT

All Stock Heatmap. Credit: Finviz

PREDICTION MARKET SNAPSHOT

War talk is getting louder. Explanations are not. President Donald Trump appears closer to potential military action against Iran. Troops are reportedly positioned. Diplomacy is stalling. Yet the public explanation remains opaque, to say the least.

That sort of uncertainty might be a stressor on Wall Street. But it’s what powers prediction markets. As it stands, a little more than half of bettors believe Iran’s Supreme Leader Ali Khamenei will be out by September. What do you think?

Market Movers

BLUE OWL, DEERE, CARVANA

Blue Owl (OWL) announced the sale of $1.4B in loans and halted redemptions.

Deere (DE) posted a Q1 earnings and revenue beat.

Carvana (CVNA) reported Q4 earnings below expectations.

Figma (FIG) delivered a top- and bottom-line beat.

Avis (CAR) plunged nearly 25% on a sharp earnings miss.

Tomorrow's Trade Idea, Today

SIGNAL STRENGTH

Stock Spotlight

  • Stock: T-Mobile (TMUS)

  • Firm: Daiwa Capital Markets

  • Current Price: $215

  • Price Target: $240

  • Implied Upside: 12%

Defensive Growth Play

Daiwa upgraded T-Mobile to Outperform, calling telecom a haven in volatile markets.

The analyst sees steady recurring revenue, leadership in Fixed Wireless Access broadband, and continued growth momentum following a recent stock pullback.

Generous shareholder return plans and rational pricing in a mature industry add to the appeal.

For investors seeking stability with growth, Daiwa sees T-Mobile as well-positioned.

Are you bullish or bearish on T-Mobile (TMUS) over the next 12 months?

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Sponsored by hear.com

Experience double the power and clarity with Horizon IX from hear.com. With an ultra-sleek, virtually invisible design and cutting-edge German technology, these devices provide crystal-clear speech understanding.  

The best part? Horizon IX hearing aids are nearly invisible, ensuring clear hearing without the discomfort or bulk of traditional devices. 

They also offer seamless compatibility with your phone so that you can adjust settings, switch modes, or take calls with just one tap. Start your 45-day no-risk trial today and join 540,000+ happy customers hearing better than ever.  

OVERHEARD ON THE STREET

🤝 The US posted a $901B trade deficit in 2025, virtually unchanged despite sweeping Trump tariffs.

🪖 The US has amassed its largest Middle East air buildup since 2003 as Trump weighs potential strikes on Iran.

💸 Retail options traders are increasingly turning to prediction markets for simpler binary yes or no wagers.

⚕️ HHS Secretary RFK Jr defended Trump’s order boosting glyphosate production, angering MAHA supporters ahead of midterms.

🛒 Amazon surpassed Walmart (WMT) in annual revenue for the first time, reporting $717B in 2025 sales.

WEDNESDAY’S POLL RESULTS

Are you bullish or bearish on Cadence Design Systems (CDNS) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

  • 🐂 Bullish — “CDNS has so much proprietary private knowledge about designing and manufacturing semiconductors that AI cannot duplicate.”

  • 🐻 Bearish — “EDS is one of those areas that AI can fit well since the core analysis involves clear parameters, constraints, and geometries.”

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