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 ticked up today, the S&P 500’s third winning day in a row, as investors sought to keep the relief rally alive despite stark consumer sentiment data.

• 📈 | One Notable Gainer: Shares of Truth Social-parent Trump Media $DJT ( ▼ 2.85% ) did the Trump Dance after announcing a deal with Crypto.com to launch a series of ETFs later this year.

• 📉 | One Notable Decliner: Nuclear energy stock Oklo $OKLO ( ▼ 6.13% ) slumped after it reported a wider-than-expected annual loss.

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MARKET MOVERS

CrowdStrike, Merck, Mobileye

$CRWD ( ▼ 3.28% ) CrowdStrike ticks up on back of BTIG upgrade (SeekingAlpha)

$MRK ( ▲ 2.8% ) Merck Will Pay Up to $2 Billion for Chinese Heart Drug Rights (Bloomberg)

$VWAGY ( ▼ 2.83% ) / $MBLY ( ▼ 3.81% ) Volkswagen draws on Valeo, Mobileye for driving assistance push (Reuters)

$KBH ( ▼ 2.18% ) KB Home Stock Slides After Earnings Miss. Sales Were ‘Muted,’ CEO Says. (Barron’s)

$CCI ( ▲ 0.52% ) Crown Castle Fires CEO After Selling Business Segments (WSJ)

OVERHEARD ON THE STREET

CNBC: Consumer confidence in the economy fell to a 12-year low in the Conference Board survey’s fourth consecutive monthly contraction.

WSJ: The Trump family-backed World Liberty Financial will launch a stablecoin called USD1 on the Ethereum network and a Binance blockchain.

Reuters: Kroger $KR ( ▲ 0.7% ) countersued Albertsons $ACI ( ▲ 1.28% ) , escalating their legal battle after the collapse of their proposed $25B merger.

AP: Tesla's $TSLA ( ▼ 3.65% ) European sales fell nearly 50% in the first two months of the year, despite overall EV sales growth.

BI: Music sharing site Napster was bought for $207M by Infinite Reality, which plans to create virtual 3D spaces for music fans.

TOMORROW’S TRADE IDEA, TODAY

Boomer Or Bust

It Takes a Village

In 2022, there were 58 million senior citizens. By 2030, that number will be at 82 million, according to Bank of America $BAC ( ▼ 3.08% ) .

It takes a village to raise a child — and the same goes for extending their lifespan. For example, aging means relying more on medical devices and refrigerated medication. But beyond the health tech itself, those goods require constant power to ensure they’re readily available — and backup generators for when those power sources fail.

That’s a big part of why the bank is bullish on Generac $GNRC ( ▼ 3.44% ) . The company currently makes generators for homes. But analysts believe it could dramatically expand its scope in the coming years.

Expansion Opportunities

BoA initiated coverage of Generac at a $182 price target, representing around 34% upside from current prices.

Beyond the aging US population, the bank sees several tailwinds for Generac, including heightened weather disasters and a deteriorating electrical grid. Weather events that result in at least $1 billion in damages have doubled since the last decade, per BoA, now averaging 23 per year. 

The kicker is that the states that tend to experience the most of these events and could benefit the most from Generac’s services — Florida, California, and Texas — are a market that the company has yet to truly penetrate.

Aging in Reverse

The stock is down around 12% YTD, providing a potential reduce-cost entry point. Despite the recent losses, it has gained more than 15% over the past 12 months, and BofA analyst Dimple Gosal thinks its future outlook is bright.

If Gosal is onto something, the half-century-old company might just reach its golden years at the same time many Americans enter theirs.

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ON OUR RADAR

WSJ: Growing doubts about US commitment to European security are prompting calls for a European nuclear umbrella.

Bloomberg: The US said Russia and Ukraine have agreed to a partial ceasefire, halting military activity in the Black Sea.

CNBC: Corporate CFOs predict a recession in 2025, despite the recent relief rally, per a new CNBC survey.

Reuters: US new home sales jumped by 1.8% in February as warmer weather and lower mortgage rates attracted buyers.

CNN: 23andMe is considering selling customers’ genetic data. Here’s how to delete your account to prevent it from falling into the wrong hands.

MONDAY’S POLL RESULTS

Are you bullish or bearish on Cryoport (CYRX) over the next 12 months?

🟨🟨🟨⬜⬜⬜ 🐂 Bullish

🟩🟩🟩🟩🟩🟩 🐻 Bearish