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 continued their fall, despite opening with sharp gains. The Trump administration announced it had entered tariff negotiations with dozens of nations, but later said the taxes would still take effect at midnight tonight, as planned.
  📈 | One Notable Gainer: Broadcom $AVGO ( ▲ 0.33% ) managed to stay in the green after an earlier chip rally reversed course, buoyed by its announcement of a $10B share buyback plan.

• 📉 | One Notable Decliner: Janover $JNVR ( ▲ 12.91% ) fell sharply after soaring more than 800% yesterday, on news that the company aims to echo what Strategy $MSTR ( ▼ 0.23% ) is to Bitcoin $BTC.X ( ▼ 1.49% ) for the cryptocurrency Solana $SOL.X ( ▼ 2.65% ) .

MARKET MOVERS

Apple, Boeing, CVS

$AAPL ( ▼ 0.19% ) / $NVDA ( ▲ 1.35% ) Apple turns negative as tech, semiconductor stocks try and bounce back from rout (CNBC)

$BA ( ▼ 2.36% ) Boeing deliveries in March jump by 41% compared to a year earlier (Reuters)

$CVS ( ▼ 0.41% ) / $HUM ( ▲ 0.69% ) / $UNH ( ▼ 0.59% ) Health Insurer Stocks Soar on Medicare Rate Boost (WSJ)

$LMT ( ▼ 1.21% ) / $NOC ( ▼ 1.21% ) Defense Stocks Surge on Trillion-Dollar Budget Talk (YF)

$TLRY ( ▼ 2.88% ) Tilray Brands Reports Lower Cannabis Sales In Q3, Trims 2025 Revenue Outlook (Benzinga)

OVERHEARD ON THE STREET

CNN: US Trade Rep Jamieson Greer defended Trump's tariffs, stating nearly 50 countries have approached him to discuss reciprocity.

Reuters: The EU proposed a "zero-for-zero" tariff deal to avoid a trade war with the US, which it prefers to the 25% retaliatory tariff also on the table.

AP: China vowed to "fight to the end" and take countermeasures after President Trump threatened a 50% tariff on Chinese imports.

Bloomberg: Meta $META ( ▼ 1.87% ) will ban livestreaming and the ability to unblur nudity in DMs for Instagram users under 16.

CNBC: Tesla $TSLA ( ▲ 0.7% ) CEO Elon Musk intensified his attacks on Trump trade advisor Peter Navarro while defending the firm’s US-made cars.

TOMORROW’S TRADE IDEA, TODAY

Follow the Dollar

Trade War Winner?

President Donald Trump appears resolved to wage a trade war on the world, and stocks have been considerably volatile as a result.

But Citi $C ( ▲ 1.76% ) believes one unlikely retailer could come out a winner: Dollar Tree $DLTR ( ▼ 2.59% ) . 

Analyst Paul Lejuez recently upgraded the stock from Neutral to Buy, and raised his price target to $103 price share, representing a 48% upside from today’s close.

Small Changes, Big Upside

Lejuez said he was not surprised to see Dollar Tree’s stock drop after the tariff announcement. After all, around 50% of its products will be subject to the tariffs.

However, he thinks that Dollar Tree business won't see as much impact as that implies. Its products are cheap, and tariffs may only raise their prices by around 50 cents, Lejuez predicts.

This could be offset by a change the discount retail chain is already making. The company has been in the process of raising prices incrementally, thanks to its Dollar Tree Plus initiative, which aims to increase price points to $2-$5. 

Raising Prices Anyway

The analyst also believes that, with uncertainty growing and recessionary concerns re-emerging, the economic environment is likely to drive consumers to seek out bargain shopping.

This could be an ideal scenario for Dollar Tree. It’s also a big part of why the company has remained in the green amid a variety of economic and market environments, including the 2008 financial crisis and the pandemic crash. 

If Citi is correct, investors looking for green in a sea of red may just need to follow the Dollar.

ON OUR RADAR

CNBC: With one month left until the May 2025 deadline, US travelers must obtain a Real ID by May 7 to board domestic flights.

WSJ: US and Iran are set for high-stakes nuclear talks, with President Trump advocating for direct negotiations, while Tehran plans indirect talks in Oman.

Reuters: TSMC $TSM ( ▲ 0.96% ) could face a fine of $1B or more from a US probe into its chip production for China's Sophgo.

AP: Trump is expected to sign executive orders to boost coal, allowing older coal-fired plants to continue operating to meet rising US power demand.

PCMag: Apple is reportedly planning a "major shake-up" for the iPhone's 20th anniversary in 2027, with a foldable model and more glass.

MONDAY’S POLL RESULTS

Are you bullish or bearish on eBay (EBAY) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜⬜⬜⬜ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “Because peeps be sellin' everything they possess in a New York minute.”

• 🐻 Bearish — “It’s not going to withstand the price increases.”