Japanese Finance Minister Katsunobu Kato drew attention by mentioning that the country’s more than $1.1 trillion in U.S. Treasury bonds could potentially be a “card on the table” in negotiations with Washington over Trump’s steep tariffs on autos and other imports.

Barely one month has passed since President Trump blindsided global investors with his aggressive tariff plans. Yet U.S. stocks have already staged a remarkable recovery.

Analyst Fadi Chamoun at BMO Capital recently lowered his price target for UPS ( UPS 2.66%) stock to $125 from $130 but maintained an outperform rating on the stock. Even though the analyst lowered the price target, it still represents a 29% premium to the current price, and an outperform is de facto a buy recommendation.