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 rose today as President Trump appeared to soften his tariff stance.

• 📈 | One Notable Gainer: Tesla’s $TSLA ( ▼ 0.08% ) stock bounced back in the wake of CEO Elon Musk’s surprise all-hands meeting, after nine straight down weeks, its longest weekly decline on record.

• 📉 | One Notable Decliner: Shares of 23andMe $ME ( ▲ 1.56% ) plunged after the DNA testing company filed for Chapter 11 bankruptcy protection and its CEO resigned.

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MARKET MOVERS

Visa, Lockheed, ViaSat

$V ( ▼ 0.52% ) Sam Altman’s World Network in Talks With Visa for Stablecoin Payments Wallet (CoinDesk)

$BA ( ▲ 3.47% ) / $LMT ( ▼ 2.73% ) Boeing Gains and Lockheed Stock Falls Further After Fighter Jet Upset (Barron’s)

$VSAT ( ▲ 3.92% ) ViaSat stock rises on Deutsche Bank upgrade (Investing.com)

$SMCI ( ▼ 1.21% ) Super Micro Computer downgraded to Sell by Goldman Sachs (YF)

$AZEK ( ▲ 1.1% ) Australia’s James Hardie to acquire US-based AZEK in $8.8 billion deal (CNBC)

OVERHEARD ON THE STREET

WSJ: Trump narrowed the upcoming tariffs, with those on industries like cars and microchips no longer expected to be announced on April 2.

CNBC: However, Trump did say that countries purchasing oil from Venezuela will face a 25% tariff on trade with the US, starting April 2.

AP: Experts expect more fraud and identity theft this tax season, amid IRS uncertainty.

CNN: Hyundai $HYMTF ( ▲ 1.59% ) will announce a $20B investment in US on-shoring, including a $5B steel plant in Louisiana, the White House confirmed.

BI: Coca-Cola $KO ( ▲ 1.84% ) worked to discredit science linking sugary sodas to deadly diseases.

TOMORROW’S TRADE IDEA, TODAY

This Cryo Stock Is Heating Up

Thawing Out

Cryoport’s $CYRX ( ▼ 1.16% ) stock has been slipping like ice. But UBS $UBS ( ▲ 0.47% ) believes it is high time for a big thaw.

The bank just bumped the biopharma play up to Buy, citing its scalability. Analyst Dan Leonard’s new price target of $10 implies an upside of more than 40% from today’s close.

Down, Not Out

Cryoport offers a derivative way to play the biopharma space, per CNBC reporting. And according to UBS, now is an attractive time to buy in.

Its shares are down nearly 60% over the past 12 months, as the small-cap has been particularly exposed to recent market volatility, not to mention broader weakness in biopharma stocks. But UBS believes it won’t stay down for long.

As the world’s largest manufacturer of cryogenic storage systems, the company provides key supply chain management for the gene therapy sector. In other words, unlike individual companies, which may live or die on the efficacy of a single treatment, demand for Cryoport might not be going anywhere.

Scaling & Surging

Leonard also pointed to Cryoport’s ability to scale up its offerings, which he predicts will lead to positive free cash flow in 2027, not to mention sales growth.

The company’s stock is already surging on the upgrade. But the average analyst price target of around $11 — compared to today’s close of $7.10 — suggests CYRX still has further to climb.

In recent months, Cryoport has been on ice. But UBS believes investors who want exposure should grab it now, before the hot stock becomes too slick to hold.

ON OUR RADAR

WSJ: China’s armed forces are prepared to blockade Taiwan, an act of war that could trigger a global crisis, military response, and severe sanctions on Beijing.

Quartz: Apple is investing $99M in China as part of its plan to transition to a 100% renewable energy supply chain by 2030.

CNBC: The FBI launched a task force to investigate attacks targeting Tesla, led by CEO and DOGE head Elon Musk.

Bloomberg: Trump's bid to vacate an order against gang deportations was denied, escalating the standoff between the courts and the White House.

Detroit Free Press: Dairy Queen $BRK.B ( ▲ 0.34% ) is offering 85-cent small Blizzards to celebrate its 85th birthday.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on Boston Beer Co (SAM) over the next 12 months?

🟨🟨🟨🟨🟨🟨 🐂 Bullish

🟨🟨🟨🟨🟨🟨 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “When times are good, people drink; when times are tough, people drink more.”

• 🐻 Bearish — “With Gen Z drinking less, drinks company stocks are doomed.”

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