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 were mixed today. The S&P 500 managed a narrow gain, but the Dow fell sharply, weighed down by its heaviest-weighted stock.

• 📈 | One Notable Gainer: Shares of Eli Lilly $LLY ( ▲ 14.3% ) skyrocketed on a report that its daily weight-loss pill might work as well as Ozempic.

• 📉 | One Notable Decliner: The aforementioned Dow leader, UnitedHealth $UNH ( ▼ 22.38% ) , saw its stock plummet after a crushingly disappointing earnings report in which it slashed its forecast due to soaring Medicare costs.

MARKET MOVERS

Alphabet, TSMC, NVIDIA

$GOOGL ( ▼ 1.42% ) Google holds illegal monopolies in ad tech, US judge finds (Reuters)

$TSM ( ▲ 0.05% ) / $NVDA ( ▼ 2.87% ) Strong earnings from TSMC are not enough to give Nvidia shares a much-needed jolt (CNBC)

$DHI ( ▲ 3.16% ) D.R. Horton Stock Rises After Earnings Miss and Cut to Full-Year Guidance (Barron’s)

$GPN ( ▼ 17.43% ) Global Payments to Acquire Worldpay for $24.25 Billion, Divest Issuer Solutions Unit (WSJ)

$HTZ ( ▲ 44.31% ) Hertz’s stock was flat this year. Billionaire Bill Ackman is driving it higher for the second straight day. (MarketWatch)

OVERHEARD ON THE STREET

CNBC: President Trump urged the Fed to cut rates and suggested Fed Chair Powell should be removed, which US lawmakers warned could cause a market “crash”.

WSJ: Trump threatened to block Harvard from enrolling foreign students after the university pushed back against broad administration demands.

Axios: Temu $PDD ( ▲ 1.45% ) and Shein will raise prices starting April 25 after Trump closed a tariff loophole allowing them to sell to US buyers without paying import duties.

AP: A federal judge ruled that Google’s digital ad network is an illegal monopoly, the second time in 12 months it has been found guilty of abusing market power.

CNN: Ford $F ( ▲ 2.45% ) plans to increase car prices starting next month unless Trump eases current tariff policies.

TOMORROW’S TRADE IDEA, TODAY

German Stocks Are Starting To Look Wunderbar

Investing in Growth

According to CNBC, analysts are increasingly bullish on Germany’s economic outlook, thanks to a recent major fiscal shift and progressive coalition agreement.

These changes include a constitutional amendment allowing increased defense spending and the creation of a €500 billion infrastructure and climate fund.

A €100 billion growth and innovation fund is also in the works, which would target tax adjustments and energy prices.

These moves signal that Germany is shifting toward a growth-focused policy, and Deutsche Bank $DB ( ▲ 0.56% ) analysts have pinpointed a few stocks they think will benefit.

Kion

Industrials are one sector that Deutsche is particularly bullish on, and Kion ($KIGRY) is a major player in the space. It specializes in warehouse automation, and stands to benefit from Germany’s increase in infrastructure investment, analysts say.

According to DB’s Gael de-Bray, the company is also well-insulated from tariffs. And its large automation business is in line with the country’s broader shift toward efficiency and modernization.

The bank projects around a 33% upside for the stock.

Volkswagen

Despite heavy pressure from the US and China on the auto industry, Deutsche thinks that domestic stimulus could revamp Germany’s iconic auto industry.

Volkswagen $VWAGY ( ▲ 2.26% ) is expected to benefit from improved economic conditions and a push to incentivize EVs. Its passenger vehicle arm is set to get a boost from EV subsidies, the bank adds, and its commercial business could benefit from an increase in demand.

Deutsche has set its target price at €125, an upside of nearly 40% from current prices.

ON OUR RADAR

AP: Japan reported a $63B trade surplus with the US and a $37B global trade deficit for the fourth straight year, amid ongoing tariff talks.

CNN: Hong Kong suspended all package postal services to and from the US in response to Trump’s removal of the $800 de minimis exemption.

Reuters: Crypto firm Kraken has laid off hundreds of employees across its business in recent months ahead of its planned IPO.

Forbes: Over 59,000 users reported issues in a Zoom $ZM ( ▲ 0.41% ) outage, though service has since been restored.

Fortune: Elon Musk may soon replace direct messages on X with a new proprietary chat platform called XChat.

WEDNESDAY’S POLL RESULTS

Are you bullish or bearish on Church & Dwight (CHD) over the next 12 months?

🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨⬜⬜⬜⬜ 🐻 Bearish