Happy Tuesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.

• 🟥 | US stocks fell today as Trump’s tariffs went into effect, kicking off a trade war with some of America’s biggest trade partners and closest allies.

• 📈 | One Notable Gainer: Shares of NVIDIA (NVDA) rebounded slightly after last week’s sharp losses, adding 1.7% despite the broader market’s sell-off.

• 📉 | One Notable Decliner: Best Buy’s (BBY) stock said bye-bye to more than 13% of its value after its CEO warned that the tariffs made price hikes “highly likely”.

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MARKET MOVERS

Target, Delta Air Lines, Ford

TGT (-3%) Target Reports Solid Holiday Quarter But Warns of Tariff Uncertainty Ahead (NYT)

DAL (-6.4%) / JBLU (-5.7%) / AAL (-3.8%) Airline stocks tumble amid economic concerns (CNBC)

F (-2.9%) / GM (-4.6%) Ford, GM Stocks Have More Tariff Downside, Says Wall Street (Barron’s)

OKTA (+24.3%) Okta delivers what some of its bigger peers couldn’t: a rosy outlook (MarketWatch)

MSTR (+9.7%) Microstrategy stock jumps 10% as Bitcoin surges on Trump’s crypto reserve plan (The Street)

OVERHEARD ON THE STREET

CNBC: The White House imposed new tariffs on Canada, Mexico, and China, with Canada and Mexico planning retaliation in the escalating trade war.

AP: Specifically, Canadian President Trudeau vowed retaliatory tariffs on more than $100 billion of US goods.

WSJ: China also retaliated against the US with targeted tariffs on farm products and other measures, but left room for talks with Trump.

Reuters: US gas prices are set to rise as new Trump tariffs increase energy import costs.

CNN: BlackRock agreed to buy two Panama Canal ports from a Hong Kong-based firm whose ownership had drawn Trump’s ire.

TOMORROW’S TRADE IDEA, TODAY

Is Autonomous Trucking a Paradigm Shift or a Pipe Dream?

Are We There Yet?

Tech enthusiasts have been eagerly awaiting the arrival of self-driving cars. But a related breakthrough may be here already: self-driving trucks.

Aurora Innovation (AUR) is set to launch its first driverless commercial operations between Dallas and Houston next month. Morgan Stanley (MS) thinks it could put portfolios on autopilot.

The bank initiated coverage of AUR at an Overweight rating with a $12 price target, representing around 68% upside from recent price levels.

Eyes on the Road

AUR IPO’d 4 years ago, but the market has only recently taken notice. The stock stayed roughly flat for much of the past few years, before climbing some 70% over the past 6 months.

Analyst Ravi Shanker thinks that this is just the beginning. He believes April’s launch will mark an industry-wide milestone that will create a “long runway of earnings growth ahead.” The company is set to begin serial production in the next two years.

According to the analyst, we are finally on the verge of autonomous trucking, and AUR has the “most sophisticated on-highway, Class 8 autonomous solution amongst peers”.

Out to an Early Lead

Shanker says that autonomous trucking has reached a point where it is now a viable option for commercial trucking companies.

He expects that there will be thousands of miles driven by driverless trucks within the next year alone — and added that Aurora’s early lead in the industry could make it nearly impossible for its peers to catch up.

To pragmatists, the analyst’s optimistic outlook may sound far-fetched. But they might have felt the same if someone predicted AI’s rapid rise in October 2022. Morgan Stanley, at least, believes Aurora is as innovative as its name suggests.

Sponsored by MarketBeat

10 Stellar Stocks — get the names here

Recently, we put thousands of stocks through the ringer… analyzing fundamentals, earnings, growth potential, management and more. And these 10 stocks rose to the top.

Some are delivering stellar earnings… others are at the forefront of an explosive trend…others dominate their industry. But all offer tremendous opportunity no matter what the market has in store for 2025. Learn their names here. FREE

ON OUR RADAR

Forbes: Trump may look to shut down the US Department of Education in the coming weeks, which could disrupt federal student loan repayment programs.

WSJ: Ukraine President Zelensky described his heated meeting with Trump as "regrettable" as he looks to mend relations with the US.

Bloomberg: Russian President Putin agreed to help Trump broker nuclear talks with Iran, focusing on its support for regional anti-US proxies.

CNN: Reports of Elon Musk's DOGE using AI for cost-cutting decisions have raised concerns among experts about potential security breaches.

The Verge: Succession creator Jesse Armstrong will debut his first movie on HBO this spring, featuring billionaire friends reuniting amid an international crisis. Timely.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Tesla (TSLA) over the next 12 months?

🟨🟨🟨⬜⬜⬜ 🐂 Bullish

🟩🟩🟩🟩🟩🟩 🐻 Bearish

And, in response, you said:

• 🐻 Bearish —

  • “The people that used to buy Tesla's hate Elon Musk. I am worried my Tesla Y will be targeted for vandalism.”

  • “An auto company at 105 times earnings and an absent CEO.”

  • “Musk has managed to tarnish his brand, killing any buzz. I've dumped my stock!”