Happy Monday 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 on Monday. Treasury yields jumping in response to hotter-than-expected retail sales, and Iran’s attack on Israel weighed down the markets. The S&P 500 slipped 1%, the Nasdaq Composite tumbled 2%, and the Dow shed 248 points.

• 📈 | One Notable Gainer: Shares of Goldman Sachs climbed 3% after the investment bank beat Wall Street’s first-quarter earnings expectations with a 28% jump in profit compared to the same period last year.

• 📉 | One Notable Decliner: Trump Media’s stock took an 18% dive after the company issued millions of additional shares. This comes as the company’s majority stakeholder, Donald Trump, heads to Manhattan for his criminal trial on hush money-related charges.

• 🛍️ | Tomorrow's Trade: A Discount? In This Economy?. 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

🏦 Are you Bullish or Bearish on Bank Stocks in Q2

🟨🟨🟨⬜️⬜️⬜️ Bullish 🐂 

🟩🟩🟩🟩🟩🟩 Bearish 🐻 

MARKET MOVERS

Logitech, Medical Properties Trust, & Charles Schwab

LOGI (-6%) Morgan Stanley downgraded the computer peripherals stock Logitech to underweight, claiming revenue will grow slower than expected (Barron’s)

CRM (-7%) Customer relations management software Salesforce saw its shares tumble after the WSJ reported the company plans to acquire Informatica (MW)

RDDT (-5%) Wall Street initiated coverage on Reddit. JPMorgan and Goldman Sachs gave Reddit a neutral rating, and Deutsche Bank called it a buy (IBD)

MPW (+19%) Medical Properties Trust saw its shares surge after the company agreed to sell its majority interests in five Utah hospitals for $886 million (MW)

SCHW (+2%) Charles Schwab beat first-quarter profit and revenue estimates as the runup in U.S. equities during the quarter fueled its business (Investopedia)

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OVERHEARD ON THE STREET

CNBC: The Commerce Department reported that retail sales increased by 0.7% for the month, much higher than expected.

Bloomberg: New York Fed President John Williams still expects rate cuts to begin this year and says monetary policy is in a good place.

Reuters: BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets.

The Guardian: More EV Industry Cuts- Tesla is laying off more than 10% of its global workforce as Musk aims to make the carmaker “lean and hungry.”

Reuters: Moderna paused its plans to build a vaccine manufacturing facility in Keyna following a post-pandemic decline in demand for COVID-19 vaccines.

TOMORROW’S TRADE IDEA, TODAY

A Discount? In This Economy?

How To Find Cheap Stocks

All three major indexes hit all-time highs this year, meaning many big-name stocks have skyrocketed in value alongside them. That’s bad news for bargain hunters. But you might still be able to find a killer discount, provided you know where to look. 

Analysts’ methods for finding such stocks include targeting companies that offer stable cash flows and strong fundamentals. According to Morningstar’s Susan Dziubunski, it is also important to identify companies with competitive advantages, strong management, and good capital utilization. 

Latitude Investment Management’s Freddie Lait adds another strategy to the mix: Investors must be willing to invest in cyclical stocks. According to Lait, these types of stocks should be bought while trading near the bottom of their cycles and held for at least ten years.

Kenvue

One company Dziubinski highlighted is Kenvue (KVUE), a consumer goods giant that owns brands like Listerine and Tylenol.

Dziubinski cited the company’s reputation, customer loyalty, and cost advantages as reasons to be bullish. According to the analyst, Kenvue has built a “wide economic moat”, meaning it has competitive advantages that are strong enough to beat out its competition and bring in high returns for at least the next 20 years. 

Kenvue stock is down over 9% YTD, but analysts give it an average price target of $22.16, a 13% increase from Friday’s open.

Zimmer Biomet

Dziubinski is bullish on Zimmer Biomet (ZBH) as well. The company designs and manufactures orthopedic reconstructive implants, supplies, and surgical equipment. It is widely considered the leader in large joint reconstruction. 

Like Kenvue, Morningstar believes Zimmer Biomet has a wide economic moat due to its valuable intellectual property and switching costs. The analyst also expects Zimmer Biomet to benefit from an aging population while continuing to adapt its technology for use with younger patients.  

The stock is up nearly 3% YTD and analysts give it an average price target of $136.47, a 7% increase from Friday’s open. 

For investors looking for value in a buy-and-hold strategy, these stocks may be worth a second look.

TOGETHER WITH VINO VEST

Whiskey Was The Decade’s Best-Performing Asset. Here’s How You Can Invest In It.

$27.5 Million. That’s how much capital Vinovest has put in the pockets of its investors. 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 alternative asset in just minutes. Schedule a call with a whiskey advisor today.

Get started

ON OUR RADAR

BI: Tim Cook arrived in Vietnam for a two-day trip as Apple looks to boost ties with its key manufacturing hub.

WSJ: The FBI has opened a criminal investigation into the circumstances leading up to last month’s deadly collapse of the Francis Scott Key Bridge in Baltimore.

Reuters: Hedge funds have built up their biggest bet against the yen in 17 years. The yen is the worst-performing G10 currency this year.

Bloomberg: JPMorgan’s Jamie Dimon called the push to stop all oil and gas “enormously naïve,” saying replacing coal with gas is the best way forward.

CNN: Israel delayed its Rafah offensive plans amid heated debate over how to respond to Iran’s weekend attack on their country.