Happy Monday afternoon to everyone on The Street. 

Before we dive in, we have a big announcement.

The Street Sheet is getting a facelift!

We’ve been rocking with our original (read: bootstrapped) look since 2019. Can’t believe it’s been over half a decade now.

Great times — but it’s time for a change.

Our redesign will harken back to classic Wall Street, while rooting us squarely in the moment, true to our historically informed and uniquely modern product: Equity research for the everyday investor.

The new design will go live in one week, on Monday, 5/5. We can’t wait to enter our next era. Thank you for coming along for the ride.

Now, back to our usual programming.

• 🟨 | US stocks wavered today on investor unease ahead of a week of major tech earnings.

• 📈 | One Notable Gainer: Shares of hydrogen fuel maker Plug Power $PLUG ( ▲ 27.53% ) surged after it signed a $525M secured credit facility.

• 📉 | One Notable Decliner: Mega-cap stock NVIDIA $NVDA ( ▼ 2.02% ) fell following a WSJ report of growing competition from China’s Huawei.

MARKET MOVERS

Boeing, Kraft Heinz, IBM

$BA ( ▲ 2.36% ) Boeing Stock Is Rising for Two Reasons (Barron’s)

$KHC ( ▼ 2.26% ) Jim Cramer Explains Why Kraft Heinz Not an Ideal Pick for ‘Safety’ (YF)

$IBM ( ▲ 1.72% ) IBM to invest $150 billion in US over next five years to aid quantum push (Reuters)

$TSCO ( ▼ 1.84% ) Popular retail chain Tractor Supply Co quietly enters unexpected market, stock falls (TheStreet)

$ABBV ( ▲ 3.57% ) AbbVie Hikes Its Outlook On The Back Of Two Powerhouse Drugs (IBD)

OVERHEARD ON THE STREET

X: A viral Apollo Academy study dives into how consumers and firms are responding to tariffs — and predicts a recession in the next few months.

CNBC: Temu $PDD ( ▼ 0.97% ) added import charges up to 150% in response to Trump-era tariffs and recent changes in global trade rules.

WSJ: Major US companies are aggressively cutting costs, pausing travel, delaying projects, and tightening hiring amid tariff uncertainty.

CNN: The same factors are disrupting the spring housing market, with rising mortgage rates, canceled deals, and nervous buyers dampening purchases.

AP: As US-China economic tensions escalate under Trump’s trade agenda, countries like Switzerland are being pulled in both directions.

TOMORROW’S TRADE IDEA, TODAY

It’s Tech Earnings Week. Here Are the Stocks To Watch.

Block

Bank of America $BAC ( ▲ 0.32% ) has come out with a list of tech stocks it thinks are a Buy ahead of upcoming earnings.

One of those stocks is fintech company Block $XYZ ( ▲ 0.69% ) , which the bank believes has a lot of room for growth. The stock has been down recently, and analyst Jason Kupferberg thinks now is the time for investors to capitalize on the price reduction.

Kupferberg says the e-payment stock is undervalued compared to its resilience, citing its business model, operating income protections, guidance, and valuation as reasons to be bullish. Block reports after the bell on Thursday, 5/1.

Microsoft

Microsoft $MSFT ( ▼ 0.11% ) is another company that made the list. Analyst Brad Silla thinks the tech giant is “best positioned for AI cycle.”

The titan will report its Q3 earnings on April 30th, and Sills expects the call to focus on its Azure guidance and capex. The analyst does not believe the tech giant will pull back on capex, and that it is committed to long-term building.

The analyst dropped his price target to $480 from $510, but reiterated his Buy rating. The target represents upside of nearly 23% from today’s closing price.

Roblox

Analyst Omar Dessouky is all in on Roblox $RBLX ( ▼ 0.17% ) , saying that the company is firing on all cylinders. The bank believes the online gaming firm’s innovation is ramping up, and called it well-positioned to increase its market share.

The analyst expects Roblox’s coming earnings call before the bell on Thursday to be a positive one. And he predicts investor sentiment and interest in the stock will jump as a result, adding that capital could subsequently flow into the stock as investors seek tariff-resistant growth.

ON OUR RADAR

WSJ: 10 elite universities have formed a collective to coordinate a strategic response to the Trump administration’s funding threats.

Bloomberg: A massive power outage swept across Spain and Portugal around midday, Europe’s largest blackout since 2006.

CNBC: US farmers say the agricultural sector is in a full-blown crisis as Trump-era tariffs trigger massive losses.

Reuters: Key supplier Apple $AAPL ( ▲ 0.89% ) Pegatron warned tariffs could trigger consumer electronics shortages.

AP: After a judge struck down a proposed $8 cap on credit card late fees, consumers could face average penalties of around $32. Here’s how to avoid them.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on Gucci-parent Kering (PPRUY) over the next 12 months?

🟨⬜⬜⬜⬜⬜ 🐂 Bullish

🟩🟩🟩🟩🟩🟩 🐻 Bearish

And, in response, you said:

• 🐻 Bearish — “Folks are going back to the basics. No need for fancy wear.”