US Steel Drops, Constellation Falls, Nike Lower After Target Cut
On this episode of Stock Movers:
- US Steel (X) shares dropped after President Donald Trump said that while he loves Japan, he didn’t want a Japanese company to buy the steel manufacturer. Trump called US Steel a “very special company”
- Constellation Brands (STZ) shares are lower after the company issued downbeat guidance due to new US tariffs and muted demand, expecting earnings of $12.33 to $12.63 per share in the 2026 fiscal year.
- Nike (NKE) shares drop after Stifel analyst Jim Duffy cut the target on Nike Inc. Class B to $64 from $75. This comes after President Donald Trump paused higher tariffs for 90 days for dozens of nations that haven't imposed retaliatory measures on the US.
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