Happy Thursday 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 Thursday. Fears that the Federal Reserve could continue holding off on interest rate cuts were a major factor in today’s poor sentiment. Investors are also on the edge ahead of the March jobs report due Friday. The Dow lost 530 points, and the S&P 500 and Nasdaq Composite fell 1%.

• 📈 | One Notable Gainer: Shares of advertising and marketing company Zeta Global soared 13% today after Morgan Stanley upgraded the stock’s rating from Equal Weight to Overweight. The bank cited additional catalysts, like third-party cookie deprecation, as drivers of increased demand and investor interest.

• 📉 | One Notable Decliner: American food processing company Lamb Weston saw its shares dive 19% following lower-than-expected quarterly profit and sales. Lamb Weston blames software transition issues that have impacted the company’s ability to fill customer orders.

• ⏱️ | Tomorrow's Trade: Timing Is Everything. Scroll down for more.

Plus, today’s partner is outlining some of the best credit cards for balance transfers.

YESTERDAY’S POLL RESULTS

Which stock do you think will outperform in Q2?

🟩🟩🟩🟩🟩🟩 Amazon (AMZN)

⬜️⬜️⬜️⬜️⬜️⬜️ Starbucks (SBUX)

🟨🟨⬜️⬜️⬜️⬜️ Insmed (INSM)

MARKET MOVERS

Levi Strauss, Paramount Global, & Meta

LEVI (+12%) Blue jeans maker Levi Strauss raised its full-year profit guidance and posted holiday earnings that beat expectations (CNBC)

HUBS (+5%) Online marketing software company HubSpot saw its shares rise after reports that Alphabet is considering acquiring the company (Reuters)

PARA (-9%) Paramount stock slumped on reports that its Skydance merger would require the company to raise new equity (CNBC)

META (+1%) Jeffries raised its price target on Meta, claiming the company could capture 50% of incremental ad dollars by 2024 (The Motley Fool)

SQ (-6%) Shares of Block fell after Morgan Stanley downgraded the stock to underweight, citing fierce competition (Investing.com)

TOGETHER WITH FINANCE BUZZ

Hands Down Some of the Best Credit Cards for Balance Transfers

Did you know some credit cards can actually help you get out of debt faster? Yes, it sounds crazy. But it’s true. The secret: Find a card with a “0% intro APR" period for balance transfers. Then, transfer your debt balance and pay it down as much as possible during the intro period. No interest means you could pay off the debt faster.

Check out the full list of cards you can use to do this here.

OVERHEARD ON THE STREET

CNBC: Minneapolis Fed President Neel Kashkari discussed whether the central bank should cut rates at all if inflation remains sticky.

MW: Goldman Sachs claims that the average S&P 500 stock has joined the "Magnificent Seven" in overvalued territory.

Bloomberg: The latest projections show that US federal government debt is on a path from 97% of GDP last year to 116% by 2034, higher even than in WW2.

Bloomberg: Sounding the alarm— Citadel’s Ken Griffin expects modest economic growth, citing growing US national debt that can’t be overlooked.

Barron’s: ARK Invest’s Cathie Wood reiterated she believes Tesla stock is worth $2,000 and hasn’t changed her price target since last year.

TOMORROW’S TRADE IDEA, TODAY

Timing Is Everything

Buying Low

China’s economy has been slumping recently following issues in their property market, local government debt, and deflation. Over the last three years, around $10 trillion US dollars have been pulled from Chinese stocks.

But that isn’t scaring Ray Dalio of Bridgewater Associates. 

According to the hedge fund manager, now is the perfect time to buy Chinese stocks at a discount.

Navigating Rough Waters

Chinese economic leaders certainly have their work cut out for them. They are attempting to reduce debt while easing monetary policy to foster economic growth. According to experts, this is both difficult and could have political ramifications. 

According to Dalio, China will continue to be faced with geopolitical issues and some investors will stay away for fear of being viewed as friendly to the nation.

So Far So Good

Difficult doesn’t mean impossible. The Chinese government is working to fix the economy using stimulus tools like quantitative easing and restructuring existing debt.  

The country’s central bank has lowered interest rates and reserve ratio requirements this year. Soon it’s expected to revive the economy by purchasing treasury bonds. 

As a result, market sentiment is starting to change. The MSCI China Index (MCHI) is up around 12% from its low point in January. Foreign investors purchased around $3 billion worth of yuan-denominated stocks in February, breaking a six-month outflow streak. 

If Dalio is right and Chinese economic stimulus plans succeed, investors may currently have a great opportunity to purchase Chinese stocks at a discount.

TOGETHER WITH FINANCE BUZZ

Hands Down Some of the Best Credit Cards for Balance Transfers

Did you know some credit cards can actually help you get out of debt faster? Yes, it sounds crazy. But it’s true. The secret: Find a card with a “0% intro APR" period for balance transfers. Then, transfer your debt balance and pay it down as much as possible during the intro period. No interest means you could pay off the debt faster.

Check out the full list of cards you can use to do this here.

ON OUR RADAR

BT: According to Freddie Mac, the 30-year fixed-rate mortgage has climbed to 6.82%, up from 6.79% last week.

Bloomberg: Goldman Sachs data shows that short selling on individual US-listed stocks is at its highest level in six months.

The Hill: Janet Yellen said the U.S. would consider imposing tariffs on China to protect industries impacted by Beijing’s ramped-up production.

Axios: Biden officials just unveiled the organizations that will receive $20 billion for clean energy and pollution-cutting projects nationwide.

Bloomberg: Initial applications for US unemployment benefits rose last week to 221,000, the highest since January.