HAPPY TUESDAY TO THE STREET.

Ahead of his meeting with the Canadian Prime Minister today, President Trump wrote, “We don’t need ANYTHING they have.” Tell me you’ve only ever tried Aunt Jemima syrup without telling me you’ve only ever tried Aunt Jemima syrup.

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

• 🟥 | US stocks fell today as investors grew antsy ahead of tomorrow’s interest rate decision from the Federal Reserve.

• 📈 | One Notable Gainer: Constellation Energy’s $CEG ( ▼ 0.55% ) stock surged after nuking first-quarter revenue expectations.

• 📉 | One Notable Decliner: Shares of Palantir Technologies $PLTR ( ▼ 0.59% ) slumped despite “on fire” earnings, as it show decelerating growth abroad.

— Brooks & Cas

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STOCK HEATMAPS

Market Movers

DOORDASH, FORD, VERTEX

$DASH ( ▲ 1.48% ) DoorDash Agrees to Buy Deliveroo in $3.9 Billion Deal (Bloomberg)

$F ( ▼ 0.28% ) Ford Stock Shrugs Off Pulled Guidance, 'Huge' Tariff Hit (WSJ)

$VRTX ( ▲ 1.48% ) Rising Costs Weigh on Vertex Q1 Earnings (The Motley Fool)

$MAR ( ▼ 2.14% ) Marriott International tops Q1 estimates, lowers Q2 room revenue forecast (SeekingAlpha)

$CTRA ( ▲ 1.55% ) Shale producer Coterra Energy reports higher quarterly profit, cuts spending target (Reuters)

OVERHEAD ON THE STREET

WSJ: President Trump and Canadian PM Mark Carney met today in pursuit of new trade deals between the neighboring nations.

Bloomberg: But Trump splashed cold water on the idea of robust negotiations, saying he would dictate all trade deal terms.

CNBC: Billionaire Paul Tudor Jones believes the bottom's not in — even if China tariffs are lowered to 50%. 

Fortune: Warren Buffett will leave his successor some $350B in cash. Here’s how it might be spent.

AP: The US trade deficit hit a record high as consumers and companies prepared for tariffs to take effect.

Tomorrow's Trade Idea, Today

SAFETY IN SOTERA?

Standing Strong

No tariffs for Sotera $SHC ( ▲ 0.63% )? Goldman Sachs $GS ( ▼ 0.94% ) says so.

Despite widespread market jitters sparked by President Trump’s tariff policy, the bank believes the healthcare stock may be able to emerge unscathed.

Goldman upgraded the stock from Neutral to Buy, and raised its price target to $17, more than 30% upside from current prices. It believes Sotera’s service-oriented business — and the healthcare industry’s resistance to economic downturns — could create a volatility safe haven.

Buttressed Business Model

Analyst Matthew Sykes predicts the stock will prove resilient.

In particular, he cited its stable business model, rooted in essential services for pharmaceuticals and medical devices. In times of economic uncertainty, these sectors tend to be less susceptible to downturns.

According to Sykes, the company is somewhat immune to trade disputes as well, due to its service-driven operations and exemptions for its Cobalt-60 business.

Recession Resistance

Sotera’s heavy exposure to commercial medical products helps cement its status as a defensive stock, the analyst added. Its Sterigenics division derives around 68% of its revenue from medical devices and 15% from pharma.

While Goldman is cautious on companies that rely on pharma R&D and academic research due to capital constraints, it believes that Sotera’s commercial focus outweighs that risk.

For investors looking for a nice mixture of safety and growth potential, Goldman Sachs believes Sotera is a healthy option.

Sponsored by VantagePoint

Advanced algorithms are flashing RED as VantagePoint A.I. predicts Trump's tariffs could trigger a major market collapse. But all hope is not lost. Elite traders using A.I. tools are securing prime alternative positions while traditional portfolios decline. Enjoy this exclusive FREE LIVE Training to discover:

Top 3 vulnerable industries flagged for reversals

A.I.-generated forecasts of equities about to be decimated by Trump's strategic moves

How Global Intermarket Analysis can propel you to GREAT trades

Even the Fed confirms warnings about a "challenging scenario." Mainstream advisors and Wall Street can't see what's coming — meanwhile, our A.I. has processed billions of data points.

Register Now - LIVE A.I. Training (Today)

ON OUR RADAR

WSJ: Germany elected conservative Chancellor Friedrich Merz in a second vote after an earlier setback.

Reuters: M&A activity hit a 20-year low in the wake of Liberation Day. 

AP: The UK and India signed a major trade agreement, slashing tariffs on goods like liquor and spices.

Bloomberg: Pre-tariff buying on big-ticket items brought along a nasty side effect: soaring consumer debt.

CNBC: Mattel’s $MAT ( ▼ 0.85% ) CEO said it won’t move toy manufacturing stateside, but will pass tariff price hikes onto consumers.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Monolithic Power Systems (MPRW) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “Fabless semis appears to be a dominant business model.”

• 🐻 Bearish — “Too frothy for an unknown.”