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.

• 🟨 | Stocks were mostly flat on Tuesday after the Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The S&P 500 and Nasdaq Composite closed lower, while the Dow snapped its 6-day losing streak.

• 📈 | One Notable Gainer: Shares of UnitedHealth jumped 5% as the company posted better-than-expected first-quarter revenue and reaffirmed its full-year earnings forecast.

• 📉 | One Notable Decliner: Bank of America’s stock fell 4% following its first-quarter earnings report, which showed the bank’s profit fell 18% to $6.67 billion. Revenue also slipped due to a decline in net interest income.

• 🔮 | Tomorrow's Trade: Built for the Future. Scroll down for more.

Plus, with today’s partner, you can invest in casks of rare whiskey early, before they are aged, marked up, and sold to brands.

YESTERDAY’S POLL RESULTS

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

🟩🟩🟩🟩🟩🟩 Kenvue (KVUE)

🟨🟨🟨⬜️⬜️⬜️ Zimmer Biomet (ZBH)

MARKET MOVERS

Live Nation, Tesla, & Apple

LYV (-8%) The Justice Department is preparing an antitrust lawsuit against entertainment company Live Nation for undermining ticketing competition (WSJ)

TSLA (-3%) Tesla shares have declined for a third straight day after reports of canceling its low-cost car plans and cutting 10% of its workforce (Motley Fool)

MS (+3%) Morgan Stanley reported better-than-expected first-quarter results, making gains in its wealth management, trading, and advisory businesses (YF)

JNJ (-2%) Shares of Johnson & Johnson fell despite the drugmaker beating first-quarter profit estimates and reporting in-line revenue (CNBC)

AAPL (-2%) Apple stock fell after a Wall Street firm lowered its estimates for the company's March quarter due to lower iPhone sales and weakness in China (IBD)

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Vinovest sold its bourbon casks for $1,850 each, resulting in a 23.3% return for clients over 1 year. This is Vinovest’s third whiskey exit. (Quite a track record.) And with Barron’s projecting that whiskey investing is “a global phenomenon that shows no signs of slowing down,” now could be a perfect time to add casks of whiskey to your portfolio.

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OVERHEARD ON THE STREET

CNBC: Gold is shining “bright like a diamond” and could hit $3,000, says Citi. Heightened Middle East tensions have spurred demand for gold.

Bloomberg: The union for American Airlines pilots warned members to be vigilant amid a “significant spike” in safety and maintenance-related problems.

Fortune: Jamie Dimon sold more JPMorgan stock, bringing his total share sales this year to $183 million.

CNBC: The International Monetary Fund upgraded its global growth forecast, stating that the economy is “surprisingly resilient” despite downside risks.

Reuters: Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake.

TOMORROW’S TRADE IDEA, TODAY

Built for the Future

Marvell Technology

As the AI train continues to roll along, analysts are pointing to Marvell Technology (MRVL) as a stock to keep an eye on. 

According to UBS analyst Timothy Arcuri, outside of Nvidia (NVDA), it is the “most levered to AI given its broad portfolio and leverage across the data center.”

On Thursday, Marvell announced that it has a new hyperscale customer, rumored to be Microsoft, although the company does not disclose its customers.

Upside Potential

Arcuri is predicting that Marvell’s revenue could balloon to $20 billion by 2028 due to opportunities in sectors like automobiles. This opens the door for significant upside potential. 

According to Harlan Sur of JPMorgan (JPM), market share and EPS will also drive upside potential through 2028. Sur predicts that the company is poised to capture 17% of the data center market by 2028. The analyst also expects the stock to have around $6-7$ of EPS in 2028, well above Q1’s EPS of $0.28.

Adjusting Expectations Accordingly

The consensus among analysts is that Marvell is headed for growth. Wells Fargo (WFC) analyst Gary Mobley raised his 2025 estimates for both revenue and EPS due to increasing AI sales expectations. 

That being said, Morgan Stanley (MS) analyst Joseph Moore still thinks Nvidia is the better AI play. Moore cited Marvell’s sideways movements over the past 12 months and the fact that its multiple is fairly high. 

Marvell is up nearly 17% this year, and analysts have given it an average price target of $88.81. That figure represents more than a 30% upside from Monday’s close. Marvell might be worth a look for investors interested in another stock to ride the AI train.

TOGETHER WITH VINO VEST

SOLD! Bourbon Generates 23% Return For Investors

Vinovest sold its bourbon casks for $1,850 each, resulting in a 23.3% return for clients over 1 year. This is Vinovest’s third whiskey exit. (Quite a track record.) And with Barron’s projecting that whiskey investing is “a global phenomenon that shows no signs of slowing down,” now could be a perfect time to add casks of whiskey to your portfolio.

Vinovest is the all-in-one platform that allows you to capitalize on this lucrative asset class in just minutes. Schedule a call with a whiskey advisor today.

Get started

ON OUR RADAR

Fortune: Some ex-TikTok employees say the social media service worked closely with its China-based parent despite claims of independence.

MW: BofA claims the copper supply crisis has begun due to a rebound in the global economy, investments in green technology, and a lack of mine projects.

Bloomberg: US households have added $37 trillion in wealth in the past 4 years, but the distribution is concentrated among the top 0.1%.

Axios: Treasury Secretary Janet Yellen is preparing fresh sanctions for Iran in response to the nation’s attack on Israel.

Bloomberg: JPMorgan made the case that high rates are actually driving inflation as costlier mortgages are spilling into rent.