Happy Wednesday 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 rose today after the Fed’s rate cut forecast appeared unshaken in the wake of widespread uncertainty.

• 📈 | One Notable Gainer: Boeing $BA ( ▲ 3.47% ) shares rose on an early sign its turnaround plan may be working. Its CFO said the struggling aerospace company’s cash burn is easing at a recent conference.

• 📉 | One Notable Decliner: Stock in Intel $INTC ( ▼ 1.56% ) slipped from its 5-day winning streak after a TSMC $TSM ( ▲ 0.05% ) board member splashed cold water on rumors that the Taiwanese chipmaker is considering buying its rival’s foundry business.

Sponsored by BOXABL

Building Houses the Way We Build Everything Else

Did you know that car factories, like Ford, can output one car per minute? Why hasn't anyone done that in the housing industry? Well, one company, BOXABL, is trying to…

Before BOXABL, the concept of building houses in a factory seemed impractical. With their patented shipping technology, merging housing with assembly line mass production could be a game-changer. Investing in BOXABL on StartEngine is closing soon. Join 40,000 investors, invest in BOXABL today.

Invest in BOXABL on StartEngine before it’s too late

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

MARKET MOVERS

NVIDIA, General Mills, Tesla

$NVDA ( ▼ 2.87% ) Nvidia stakes out aggressive future, despite investor unease (TheStreet)

$GIS ( ▲ 1.84% ) General Mills Stock Tumbles on Sales Miss and Weak Guidance (Barron’s)

$TSLA ( ▼ 0.08% ) Tesla a Step Closer to Ride-Hailing With California Permit (Bloomberg)

$HQY ( ▲ 2.46% ) HealthEquity Stock Plummets as Firm's Profit Hurt by Cyber Threats, Fraud (Investopedia)

$ADSK ( ▼ 0.27% ) Activist Starboard Prepares to Launch Proxy Fight at Autodesk (WSJ)

OVERHEARD ON THE STREET

CNBC: The Federal Reserve held interest rates steady, but still projected two cuts this year, despite lowering its growth outlook and raising inflation projections.

Reuters: Oppenheimer cut its 2025 US investment banking forecast and downgraded Goldman Sachs $GS ( ▲ 2.09% ) after not seeing a rebound in M&A activity.

WSJ: The Trump administration is considering significant cuts to domestic HIV prevention funding.

Bloomberg: Elon Musk's X raised nearly $1B in new equity funding, valuing the company at around $32B.

AP: Violent attacks on Tesla dealerships have surged across the US and abroad as CEO Musk takes a prominent role in the White House.

TOMORROW’S TRADE IDEA, TODAY

Fashion is Back in Fashion

Headwind Help

President Trump’s tariff policy is no clearer today than last week, and an increasing number of retailers are warning of a consumer slowdown. So Goldman Sachs $GS ( ▲ 2.09% ) has a safe-haven stock in mind: a retail company that makes much of its merch in China.

That’s right. The investment bank likes fashion retailer Ralph Lauren $RL ( ▲ 2.2% ) , even amid slowing spending and trade war uncertainty. Goldman recently upgraded its rating on the stock to Buy from Neutral. And analyst Brooke Roach lifted her 12-month price target to $286, implying an upside of around 27%. 

A Familiar Refrain

The crux of the bank’s bull thesis is an increasingly familiar refrain. The stock has dropped significantly over the past month, losing more than 20% of its value. But analysts believe its valuation won’t stay this low for much longer.

According to Roach, Ralph Lauren is less exposed to near-term risks like tariffs, department store slowdown, and lower-income consumer spending dropoffs than its peers.

Although it manufactures a significant portion of its products in China, Ralph Lauren has facilities on five continents — and few in Canada or Mexico, where Trump has levied his harshest tariffs.

No Slowdown To Speak Of

Stocks across the apparel sector have been struggling amid macroeconomic uncertainty. Broach believes that pullback signals a buying opportunity for companies, like Ralph Lauren, that aren’t showing signs of a slowdown.

Currently, 12 of 19 analysts covering the stock have given it a Buy or Strong Buy rating. Its average price target is even more bullish than Goldman’s, suggesting 33% upside. 

Tariff uncertainty and waning sentiment is affecting the entire market. But Wall Street believes Ralph Lauren’s business — and stock — remains strong. After all, even consumers who fear the worst will likely still want to look their best.

Together With VantagePoint

3 Game-Changing Predictive Patterns Every Trader Should Know

While 47,000+ other traders capitalize on these powerful signals; you might be missing opportunities daily. The dual-patented artificial intelligence forecasting patterns, refined and honed since 1991, appear throughout March's market transitions with proven accuracy rates up to 87.4%.

You’ll want to see this, because unprecedented tariff volatility has created a critical A.I. forecasting opportunity for traders seeking an edge.

Stop watching others profit instead of you! Discover how A.I.-powered analysis spots winning patterns before they unfold. The next setup is forming right now - see it here.

ON OUR RADAR

WSJ: President Trump said he had a "very good" call with Zelensky on cease-fire efforts with Russia.

CNN: Google $GOOGL ( ▼ 1.42% ) will pay $28M to settle a class-action lawsuit alleging it favored white and Asian employees with higher pay and career opportunities.

CNBC: Crypto token XRP $XRP.X ( ▲ 1.17% ) surged after Ripple CEO Brad Garlinghouse announced that the SEC is dropping its lawsuit against the company.

Reuters: Israel announced the launch of a new ground operation in Gaza, with at least 38 Palestinians reported killed on the second day of the operation.

The Verge: Is emerging AI startup Kagi the future of internet search?

TUESDAY’S POLL RESULTS

Which stock do you think will outperform over the next 12 months?

🟩🟩🟩🟩🟩🟩 Oshkosh $OSK ( ▲ 0.02% )  

🟨🟨🟨🟨⬜⬜ Danaher $DHR ( ▼ 2.01% )  

And, in response, you said:

• Oshkosh (OSK) — 

  • “Military manufacturers will do well I think.”

  • “The Defense sector is a good umbrella for weathering the storm of current uncertainty.”

  • “Nothing like a war to make the scrilla.”

This message is a paid advertisement for Boxabl Inc. The Street Sheet (SS) receives a flat fee from Ad Astra Media totaling up to $5,250. Other than the compensation received for this advertisement sent to subscribers, The Street Sheet and its principals are not affiliated with Boxabl Inc. This advertisement is sponsored by a third-party Reg A crowdfunding issuer and is for informational purposes only. The Street Sheet does not endorse or recommend any specific offering, and this advertisement should not be construed as a recommendation to invest. Investing in securities, including those offered through Reg A crowdfunding, involves risk, including the potential loss of principal. These investments are speculative, illiquid, and may involve a higher degree of risk compared to more traditional investments. The Street Sheet has not verified the information provided by the advertiser, and we encourage readers to conduct their own due diligence and consult with a licensed financial advisor or other qualified professional before making any investment decision. By engaging with this advertisement, you acknowledge that The Street Sheet and its affiliates are not responsible for any decisions or actions taken based on the information provided in this advertisement. All investments carry risks, and past performance is not indicative of future results. Readers should carefully review all information provided by the issuer, including the offering circular and any other available materials, prior to investing. The Street Sheet may receive compensation from the advertiser for promoting this offering. The Street Sheet and its principals do not own any of the stocks or shares mentioned in this email or in the article that this email links to. The Street Sheet is a research service not owned or managed by registered brokers and therefore this site does not make any investment recommendations. The information provided in this newsletter is not guaranteed as to its accuracy or completeness. Each user of SS chooses to do trades at their sole discretion and risk. SS is not responsible for gains/losses that may result in the trading of these securities. This newsletter includes paid advertisements. The source of all third-party content in which SS receives some sort of compensation is clearly and prominently identified herein as "ad", "Sponsored", or “Together With”. Although we have sent you these advertisements, SS does not specifically endorse any third-party product nor is it responsible for the content, the accuracy, or the completeness of the advertisement or the experience with the third-party advertiser. Furthermore, we make no guarantee or warranty about what is in the advertisement. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. This communication from The Street Sheet is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of The Street Sheet. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. The information contained in this newsletter is subject to change without notice, and we do not undertake any obligation to update it. Readers are encouraged to conduct their own research and due diligence and seek advice from licensed professionals regarding their specific financial needs and circumstances. By reading this newsletter, you agree to hold us harmless from any and all losses, liabilities, costs, or expenses arising from your use or reliance on the information provided. There is no warranty as to the accuracy or completeness of the factual matters included in any advertisement or sponsored content in the newsletter. You have not performed any research on any entity, or its business, that advertises or submits any sponsored content. The Street Sheet is reader-supported. When you buy through links on our site, we may earn a commission.