Happy Friday 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 sharply today, erasing previous gains and bringing all three major indexes into the red for the week, as more tariff comments from Trump reignited inflationary fears.

• 📈 | One Notable Gainer: Take-Two Interactive’s (TTWO) stock shot up 14% after reiterating its financial forecast — and a Fall 2025 release date for GTA VI, its sequel to the second-biggest video game in history.

• 📉 | One Notable Decliner: Shares of Amazon (AMZN) fell more than 4% on a disappointing outlook for the first quarter — but more than a few analysts are advising investors to buy the dip.

Plus, read to the bottom to see whether y’all considered yesterday’s trade idea “trash” or “treasure”…

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MARKET MOVERS

Expedia, Alphabet, Uber

EXPE (+17.3%) Expedia Jumps Most in Over a Year on Holiday Bookings Beat (Bloomberg)

GOOGL (-3.3%) Google Kills Diversity Hiring Targets (WSJ)

UBER (+6.6%) Bill Ackman reveals he’s been building a more than $2 billion stake in Uber (CNBC)

MRVL (-7.2%) Peering Into Marvell Tech's Recent Short Interest (Benzinga)

SMCI (+%) Super Micro Computer: Anticipating A Game-Changer Next Week (SeekingAlpha)

OVERHEARD ON THE STREET

WSJ: In January, the economy added 143,000 jobs, while unemployment dipped to 4%, signaling a solid labor market as layoffs stay at historic lows.

Bloomberg: President Trump's coming tax cuts could cost the federal government $5T to $11T in lost revenue over the next decade.

Reuters: Trump also plans to announce reciprocal tariffs on many countries next week, with higher tariffs to fund 2017 tax cuts.

CNN: Allstate expects a $1.1B loss from the January wildfires in Southern California, though it limited losses by pulling back from the market.

The Street: 30-second Super Bowl ads cost upwards of $7 million. Are they worth it?

TOMORROW’S TRADE IDEA, TODAY

Wall Street’s Two-Faced Janus Takes

Gaining Traction

The Greek God Janus had two faces — and so do Wall Street analysts when it comes to Janus Henderson (JHG).

The consensus on the asset management firm is largely cautious. But the biggest bank in America has a different take.

JPMorgan (JPM) analyst Kenneth Worthington recently upgraded his rating on the stock to Overweight and lifted his price target to $53. That represents nearly 17% upside from current prices.

Headed in the Right Direction

JPM was impressed by JHG’s recent Q4 earnings, which beat expectations by a double-digit percentage. Worthington also pointed to confidence in CEO Ali Dibadj efforts toward increasing the firm’s market share and maximizing its strong balance sheet as cause to be bullish. 

According to the analyst, Janus has been able to set itself apart from its competition by both outright outperforming and through innovation. Worthington added that it should be able to maintain organic growth and continue to bring in new assets.

Not All of Wall Street is Convinced

The stock has gained nearly 50% over the past twelve months and about 35% over the past six. Despite the momentum, 9 of 10 analysts covering it have given it a Hold rating.

Worthington acknowledged that Janus Henderson still has a long way to go in its transformation, but reiterated confidence in its management team, and believes that early progress has been promising. 

Analysts are of two minds on JHG. So which side of the Street are you on?

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ON OUR RADAR

WSJ: The Trump-era boost in consumer confidence has faded as tariff threats, market volatility, and reversing executive orders lead to growing pessimism.

Reuters: Trump delayed tariffs on low-cost packages from China until the Commerce Department confirms the systems are in place to process them.

AP: A federal judge is considering whether to block Elon Musk's DOGE from accessing systems at the Labor Department, following a lawsuit from labor unions.

Forbes: The magazine sat down with billionaire Chiefs owner Clark Hunt ahead of Kansas City’s potential Super Bowl three-peat.

CNN: Google's AI-generated Super Bowl cheese ad is like a slice of Swiss Cheese — easily digestible, but full of holes.

THURSDAY’S POLL RESULTS

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

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨🟨⬜⬜ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “Trash is trash.”

• 🐻 Bearish — “The people leading the business are not of the highest ethical standards even considering it is the waste industry.”

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