HAPPY MONDAY TO THE STREET.

NFL owners are set to vote on whether players in the league will be allowed to represent Team USA playing flag football in the 2028 LA Olympics.

Is this a bearish signal for Electronic Arts $EA ( ▲ 0.13% )? No need to play Madden when Patrick Mahomes is throwing to Ja’Marr Chase in real life.

• 🟥 | US stocks slipped today, snapping the S&P 500’s six-day streak.

• 📈 | One Notable Gainer: Call it the paradigm shift pop? D-Wave $QBTS ( ▼ 2.37% ) shares surged after unveiling its new quantum computing system.

• 📉 | One Notable Decliner: Cruise stocks sailed into choppy waters after Viking $VIK ( ▲ 0.29% ) reported lackluster bookings. Carnival $CCL ( ▼ 0.6% ) and Royal Carribean $RCL ( ▲ 0.94% ) were also down.

— Brooks & Cas

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STOCK HEATMAPS

Market Movers

MODERNA, AIRBNB, WARBY PARKER

$MRNA ( ▼ 2.12% ) Moderna Stock Soars After FDA Says It Will Limit Approvals for Covid-19 Shots (Barron’s)

$ABNB ( ▼ 0.37% ) Spain blocks more than 65,000 Airbnb holiday rental listings (Reuters)

$WRBY ( ▲ 2.94% ) Android XR is getting stylish partners in Warby Parker and Gentle Monster (The Verge)

$FICO ( ▲ 1.41% ) Fair Isaac stock slumps with no obvious news; Equifax and TransUnion also slip (SeekingAlpha)

$DG ( ▲ 0.57% ) / $DLTR ( ▲ 0.4% ) Dollar General Stock Joins Dollar Tree in the Green (WSJ)

OVERHEARD ON THE STREET

CNBC: At an economic forum in Qatar, Elon Musk said he would helm Tesla $TSLA ( ▲ 0.87% ) for five more years at least.

MarketWatch: JPMorgan $JPM ( ▼ 0.12% ) CEO Jamie Dimon says the market is complacent — and experts say he’s right.

WSJ: Google $GOOGL ( ▼ 1.07% ) is launching a chatbot-style search feature that answers queries directly, aiming to counter AI competitors.

Reuters: Some global retailers are responding to US tariffs by raising prices overseas to offset costs.

BI: Walmart’s $WMT ( ▲ 0.83% ) plan to hike prices in response to tariffs despite President Trump’s pushback could lead other companies to do the same — but fellow retailer Home Depot $HD ( ▼ 0.25% ) announced today that it will not.

Tomorrow's Trade Idea, Today

IS BEST BUY A STRONG BUY?

Geeking Out

Best Buy $BBY ( ▲ 0.09% ) may be poised to extend its rally, thanks to cooling trade tensions between the US and China, according to UBS $UBS ( ▲ 0.6% ) analyst Michael Lasser.

The analyst admitted some uncertainty remains, but believes the reduction in tariffs and ongoing sales momentum could support further gains for the stock.

The company has seen a modest uptick in response to these developments. But UBS believes its risk-reward profile suggests a lot more upside.

Best Buy’s Getting Better

Despite dropping more than 17% in 2025 so far, shares have gained nearly 15% over the past month.

The biggest jump followed the news that the US and China agreed to temporarily reduce tariffs, which caused the stock to rise 6% last Monday.

This relief seems to have lifted investor confidence beyond the short term. Lasser emphasized that, even if tariffs stay at around 30%, Best Buy is still well-positioned to navigate the market effectively.

A Stable Environment

UBS believes a 30% tariff level, especially given the lower consumer electronics products rate, offers a stable environment for Best Buy.

According to Lasser, this adjustment should help the company better manage its inventory and pricing strategies over the coming months.

While the tariff relief may not be permanent, the current conditions offer the retailer room to optimize operations — and potentially make Best Buy an even better Buy.

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ON OUR RADAR

Bloomberg: The House budget bill, combining tariffs with upcoming fiscal stimulus, is dampening market hopes for rate cuts this year.

CNBC: Trump failed to persuade key Republicans from high-tax states to support said bill.

Reuters: Nippon Steel remains committed to acquiring US Steel $X ( ▼ 0.6% ) as it seeks a meeting with the US Treasury Secretary.

WSJ: After heavily investing in the 2024 election and backing Trump, Elon Musk announced he will reduce political spending.

Fortune: The Most Powerful Women of 2025 are GM $GM ( ▲ 2.49% ) CEO Mary Barra and Accenture $ACN ( ▼ 0.51% ) CEO Julie Sweet. Here’s the full list.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Alibaba (BABA) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “Good chart and still 62% off the all-time highs.”

• 🐻 Bearish — “I'm staying away from investing in China!”