Wall Street is bullish on these 2 stocks as Trump's tariff torches the market

Market Overview - The stock market experienced its highest losses since the pandemic, with the S&P 500 plunging 6%, the Dow Jones dropping 5.2%, and the Nasdaq falling 5.8%, entering bear market territory, resulting in nearly $6.4 trillion in value being wiped out [1] First Solar (FSLR) - First Solar has received an 'Outperform' rating from BMO Capital, with a price target of$230, as analysts view the recent reciprocal tariffs averaging 39% on Southeast Asian solar imports as a long-term catalyst for U.S.-based manufacturers [3][4] - The tariffs are expected to boost domestic manufacturing demand while competitors face pricing pressures, and positive trends in average selling prices (ASPs) are seen as supportive for growth [4] - Despite short-term risks related to the Inflation Reduction Act and margin pressure from imports, BMO believes FSLR's long-term valuation remains compelling, with the stock trading at $128.69, down over 5$255, noting the stock was trading at $171, down over 4$5–10 billion EBIT impact from higher first-party merchandise costs due to reciprocal tariffs averaging 18.2%, but emphasizes Amazon's scale, vendor relationships, and pricing flexibility as effective mitigation strategies [8] - Amazon's margin stability during the 2018–2019 tariff period is cited as a strong precedent, and the closure of the de minimis exemption may reduce competition from Chinese platforms [9][10]