Stock Movers

On this episode of Stock Movers:

- Banks, miners and industrials are the best performers in Europe on Thursday after US President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners, with the Stoxx Europe 600 up 5.9% to mark its best day in over five years. Sectors with ties to the health and growth of the global economy are rising the most, including banks (+9.3%), financials (+7.4%) and technology (+7.5%)

- European tech stocks were part of the biggest risers in the broad rally. Surge in tech stocks follows a 12% surge in the Nasdaq 100 Index on Wednesday, the benchmark’s strongest one-day performance since 2008

-  Tesco Plc shares fell after the supermarket chain warned profit would slip due to higher costs and competition for price-conscious UK shoppers. Britain’s largest grocer expects as much as £3 billion ($3.9 billion) in group adjusted operating profit this year, according to a statement Thursday, lower than the £3.1 billion in the 12 months ended Feb. 22.

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On this episode of Stock Movers:

- ProShares UltraPro QQQ fund (TQQQ) had its best rally in the most recent session, the largest inflow in its 15-year history. TQQQ uses derivatives to deliver three times the daily performance of the Nasdaq 100. Traders have been steadily adding to the ETF all year. Altogether, the fund has taken in more than $3 billion despite a 15% year-to-date drop for the Nasdaq 100 and an even greater drubbing for TQQQ itself.

- Walmart (WMT) and other retail stocks soared after President Donald Trump said he’ll pause higher tariffs for 90 days for dozens of nations that haven’t imposed retaliatory measures on the US. Walmart executives are confident that the world’s largest retailer will reach its financial targets this year, despite tariff turbulence that’s sparking uncertainty in the world economy. On Wednesday, Walmart said that it still sees net sales growing 3% to 4% this year. That forecast accounts for tariffs, unlike its previous outlook from February.

- United States Steel (X) shares tumbled as much as 16% in post-market trading after President Donald Trump said he does not want to see the steelmaker owned by a Japanese company. Trump, speaking from the Oval Office, pointed to the producer’s rising steel orders as evidence that it doesn’t need any investment right now. He also said he doesn’t want US Steel bought by “any other place,” apparently referring to other foreign buyers.

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On this episode of Stock Movers:
- Eli Lilly (LLY) shares slump while large US and European drugmakers slide, underperforming amid a broad market slump, after President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon.
- Walmart (WMT) shares fall as tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
- Ford Motor's (F) shares drop after top executive extended a show of support for Elon Musk after the Tesla Inc. leader went on a social media tirade targeting a key backer of President Donald Trump’s tariffs.In a post on X, Ford Chief Executive Officer Jim Farley said the carmaker’s top-selling F-150 pickup truck is designed, engineered, tested and manufactured “all within one square mile” in Dearborn, Michigan, the automaker’s longtime home.

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On this episode of Stock Movers:
- Delta (DAL) shares are up despite withdrawing its full-year financial guidance due to uncertainty surrounding global trade, a stark sign of the turmoil rippling across corporate America from President Donald Trump’s tariffs. While Delta still anticipates a profit in 2025, it declined to reaffirm the forecast issued in January, when the carrier said annual adjusted earnings would surpass $7.35 a share.
- Peabody (BTU) shares climb as President Donald Trump signed executive orders to expand the mining and use of coal in the US. Separately, Peabody is reviewing a deal worth up to $3.78 billion to buy Anglo American’s steel-making coal business after a fire at an Australian mine.
- Cal-Maine (CALM) shares fall after the egg producer reported third-quarter earnings per share that missed consensus estimates. Additionally, the company said it received a civil investigative demand from the Department of Justice Antitrust Division into the causes behind the increase in egg prices nationwide.

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On this episode of Stock Movers:
- Delta (DAL) shares are up despite the airliner pulling guidance this morning, citing stalled growth. The markets are buying the stock as the first quarter numbers are coming in line with expectations.
- AbbVie (ABBV) are lower as pharmaceutical stocks take a hit due to proposed tariffs by President Trump on the pharma industry. It is affecting stocks across the industry including overseas.
- Walmart (WMT) shares are higher as the company's CEO says it's looking at cost-cutting measures and keeping prices as low as it possibly can. The company still sees net sales growing 3% to 4% this year, according to a statement.

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On this episode of Stock Movers:
- Shares of European drugmakers dropped to a two and a half-year low after US President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon. AstraZeneca, Novo Nordisk, Roche, Novartis are all down.
- The Stoxx Europe 600 Index sank 2.3% at 9:02 a.m. in London, with every sector declining. One of the few bright spots was BAE Systems, one of less than 10 companies in the green.
- ITV shares drop as much as 8.3%, hitting their lowest level since November, after the UK broadcaster was downgraded to sell by UBS amid an expected decline in ad revenue and concern around streaming.

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On this episode of Stock Movers:

- Enphase Energy (ENPH) shares dropped following a downgrade from Jeffrey's analyst Julian Duma and Smith, who raised concerns around the company's potential exposure to cuts in the Inflation Reduction Act. House Republicans are hoping for around $1.5 trillion in deficit reductions and the IRA could be a key area for tweaks. Companies like Enphase and First Solar could be most impacted.

- General Dynamics (GD) shares climbed as President Trump said the next defense budget may reach as much as $1 trillion. “We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu. Trump added his administration will approve a budget that will be “the biggest one we’ve ever done for the military.”

- Carnival Corp (CCL) shares are up as the company announced another $2 billion for two new cruise ships.

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On this episode of Stock Movers:

- Broadcom (AVGO) shares are up, after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.

- Humana (HUM) shares surged after the US government said they will pay private Medicare Advantage plans more money next year than it originally proposed in January. It is a major win for insurance companies that have faced increasing scrutiny in Washington. The shares of insurers surged on the decision, posting some of their biggest intraday gains since 2020.

- RPM International (RPM) shares dropped after the manufacturer of building supplies forecast flat 4Q sales and posted disappointing 3Q sales. The management of RPM said the company is not immune to President Trump's tariffs.

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On this episode of Stock Movers:
- UnitedHealth (UNH) shares rise after the US government said it will pay private Medicare Advantage plans more money next year than it originally proposed in January, a major win for insurance companies that haved increasing scrutiny in Washington.
- Humana (HUM) shares are up it was announced Medicare Advantage plans will see payments increase by an average of 5.06%, more than double the rate the government proposed in January.
-CVS (CVS) shares rally after the company said it expects its financial results to meet or exceed its previously issued guidance and named a new chief financial officer.

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On this episode of Stock Movers:
- Nvidia (NVDA) leads the Magnificent Seven higher on Tuesday. Stocks climbed as Treasury Secretary Scott Bessent said there’s the potential for advantageous trade deals with major US trading partners.
- Humana (HUM) shares rise and are likely to break out of the range today. Health insurance stocks are up after the US government said it will increase payments to private Medicare Advantage plans by an average of 5.06% next year, more than double the originally proposed rate.
- Broadcom (AVGO) shares are up after the chipmaker authorized a new buyback program of up to $10 billion shares. Analysts see the move as a sign of confidence following recent tariff-related weakness.

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On this episode of Stock Movers:
- Apple (APPL) are moving in the premarket following days of a downward trend, as employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Robinhood (HOOD) is on the move this morning after Morgan Stanley downgraded the stock to equal weight to overweight. In a tougher macro backdrop with greater need to hedge risks, the firm sees risks for retail dis-engagement to pressure trading revenue at Robinhood, leading it to cut EPS estimates.
- Tesla (TSLA) shares have climbed along with the market today. It comes as Joel Levington, Director of Credit Research for Bloomberg Intelligence, writes this morning that Elon Musk's pursuit of ambitious and high-risk bets such as the Cybertruck -- are now falling well short of sales goals even with aggressive lease discounts - and the elusive RoboTaxi are taking a toll on Tesla's fundamental performance at a critical juncture in the auto market.
- Walgreens (WBA) is rising after it reported quarterly profit that exceeded Wall Street’s expectations, marking a strong performance in what is likely one of its last quarters as a public company. It's welcome news for investors of the second-largest US pharmacy chain, who have been concerned about the ability of Walgreens to make enough money amid declining insurance payments for prescription drugs, and increased competition from online retailers and big box stores.

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On this episode of Stock Movers:
- CVS (CVS) is getting a boost this morning following the Trump administration's increased 2026 payments for Medicare Advantage plans by more than double what the market was expecting. It also removes the possibility of having to close Medicare Advantage plans, which has pushed stocks like CVS and United Health (UNH), as well as others in the healthcare sector, higher.
- Broadcom (AVGO) is higher this morning after its downward trend following US tariffs levied across Taiwan, Vietnam, China, and other countires. The shares jumped on its $10 billion share buyback this morning.
- Apple (APPL) shares are higher as traders learned it may be getting a boost as customers front run the tariffs. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Nike (NKE) is climbing this morning as traders may be looking to "buy the dip" after severe declines for the stock and other retailers as tariff policy weighs on its price.

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On this episode of Stock Movers:

- It is currently difficult to call the valuation bottom for the European luxury sector due to limited visibility on earnings from tariffs impact and how that will impact global demand, JPMorgan writes in note as downgrades Pandora to neutral.

- Infineon Technologies AG signed a deal to buy Marvell Technology Inc.’s automotive networking business for $2.5 billion in an all-cash deal to strengthen its industry-leading car unit.

- Repsol shares pare early gains Tuesday after its 1Q upstream production missed analyst estimates on lower refining margin, weaker utilization rates amid maintenance works. Analysts expect a cut to consensus. Stock trades 0.2% higher after rising as much as 4.5%.

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On this episode of Stock Movers:

- Dollar Tree (DLTR) shares are up as it was raised to buy from neutral at Citi, which anticipates the higher across-the-board tariffs will be positive for the discount retailer.

- Stellantis NV (STLA) shares are down. However, the Jeep-maker is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the US government, according to a person familiar with the matter. Marlo Vitous, Stellantis’ head of purchasing in North America, laid out the plan during a meeting with suppliers in Detroit last week, the person said.

- AppLovin (APP) shares are up as a proposal to merge itself with the US subsidiary and eventually the global business of TikTok, as reported by CNBC, would help the advertising-technology firm accelerate its reach beyond its typical video-game clientele and into e-commerce. But its bid could be crowded out by other potential bidders such as Amazon, Blackstone and Oracle. AppLovin is expected by consensus to reach record free cash flow near $3 billion in 2025, thanks to ads, which yielded a 76% adjusted Ebitda margin in 2024.

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On this episode of Stock Movers

- Stellantis NV (STLA) shares are down. However, the Jeep Maker is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump’s trade war. The automaker has outlined a program in which suppliers would apply for help from the company to make monthly tariff payments to the US government, according to a person familiar with the matter. Marlo Vitous, Stellantis’ head of purchasing in North America, laid out the plan during a meeting with suppliers in Detroit last week, the person said.

- Dollar Tree (DLTR) shares are up as it was raised to buy from neutral at Citi, which anticipates the higher across-the-board tariffs will be positive for the discount retailer. The stock gains as much as 7.6%.

- AppLovin (APP) shares are up as a proposal to merge itself with the US subsidiary and eventually the global business of TikTok, as reported by CNBC, would help the advertising-technology firm accelerate its reach beyond its typical video-game clientele and into e-commerce. But its bid could be crowded out by other potential bidders such as Amazon, Blackstone and Oracle. AppLovin is expected by consensus to reach record free cash flow near $3 billion in 2025, thanks to ads, which yielded a 76% adjusted Ebitda margin in 2024.

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On this episode of Stock Movers:

-Apple (AAPL) shares slip as Wedbush cuts the price target to $250 from $325, citing the Trump administration’s tariff policies. The firm retains a positive long-term view on the stock given its strong free cash flow and Services business.
- Dollar Tree (DLTR) shares inch higher, up about 1%, after Citi turned bullish, anticipating that the higher across-the-board tariffs will be positive for the discount retailer. Citi still acknowledges that ~50% of the company’s product is subject to higher tariffs.
-MicroStrategy (MSTR) shares fall after the company said it may not able to regain profitability in future periods, and significant decrease in the market value of its Bitcoin holdings could adversely affect ability to satisfy financial obligations and could cause default. The company also expects a net loss for 1Q.

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On this episode of Stock Movers:

-Apple (AAPL) shares slip as Wedbush cuts the price target to $250 from $325, citing the Trump administration’s tariff policies. The firm retains a positive long-term view on the stock given its strong free cash flow and Services business.
- Dollar Tree (DLTR) shares inch higher, up about 1%, after Citi turned bullish, anticipating that the higher across-the-board tariffs will be positive for the discount retailer. Citi still acknowledges that ~50% of the company’s product is subject to higher tariffs.
-MicroStrategy (MSTR) shares fall after the company said it may not able to regain profitability in future periods, and significant decrease in the market value of its Bitcoin holdings could adversely affect ability to satisfy financial obligations and could cause default. The company also expects a net loss for 1Q.

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On this episode of Stock Movers:
- Tesla (TSLA) shares plunged in early trading to below a level that Commerce Secretary Howard Lutnick said the shares would never fall to again. Tesla bull Daniel Ives slashed his price target by 43%, citing a brand crisis as the electric vehicle maker, led be the world's richest man and top Trump adviser Elon Musk, has become a “political symbol globally.”
- JPMorgan (JPM) shares are lower along with other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks. Their stocks plunged last Thursday and Friday with the group having its worst two-day decline since March 2020. It also comes as CEO Jamie Dimon released his annual letter to shareholders, urging a quick resolution on tariffs.
- Apple (APPL) shares are lower in premarket trading after the iPhone maker declined 7.3% on Friday. Wedbush Global Head of Technology Dan Ives cut his price target on the stock to $250 from $325. Apple's market cap sank $443.5 billion last week, the largest weekly market cap decline on record. The stock dropped 13.6% last week, its worst week since the week ended March 30, 2020, when it plummeted nearly 18%.

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On this episode of Stock Movers:
- Palantir (PLTR) shares are down along with other tech giants and chipmakers after the NASDAQ entered a bear market to end last week. The S&P 500 experiencing its worst two-day plunge since March 2020, and the Nasdaq 100 entering a bear market, dragging the tech sector downward.
- Palo Alto Networks (PANW) is lower in the premarket, despite Wall Street analysts pointing to cybersecurity stocks as potential safe havens in market turmoil. Early indications are cybersecurity-related stocks like Palo Alto Networks are not beating the trend.
- Wells Fargo (WFC) shares tumbled along with other banks, including Goldman Sachs and other US big banks, with the nation's top financials set to report earnings this week. A severe slowdown in the economy and consumer spending could limit earnings of the big banks.
- Nike (NIK) shares are continuing their slide after it tumbled to hit its lowest level since 2017. The trend is downward for Nike this morning despite Vietnam looking to work with the Trump administration on a tariff negotiation, which would limit the threat to Nike's supply chain.

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On this episode of Stock Movers:
- European defense stocks, one of this year’s best-performing groups, slump amid a broad market rout. Meanwhile, Reuters reports that US firm Howmet Aerospace told customers it has declared a force majeure event in the wake of the tariffs announced by President Donald Trump.
- The Trump administration decided against allowing Medicare to pay for obesity drugs, a move that would have given millions of older Americans access to the medications and cost the government billions.
- Shell shares drop as much as 8.4% to trade at the lowest in two years, after the oil major lowered its 1Q gas output guidance, adding to grim sentiment caused by the global stock market slump and oil prices at four-year lows. The company cited unplanned maintenance in Australia and adverse weather as reasons for the downgrade.

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On this episode of Stock Movers:

- Tesla (TSLA) shares fell on Friday after starting the week on the upswing. One of Wall Street’s most bearish Tesla analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer backlash against Elon Musk. Tesla’s first-quarter vehicle deliveries were far below even JPMorgan Chase & Co. analyst Ryan Brinkman’s pessimistic estimate, “confirming the unprecedented brand damage we had earlier feared,” he said in a report Friday. The EV maker also saw a key executive leave. David Lau, Tesla's vice president of software engineering, has told people at the company that he is stepping down, according to people familiar with the matter. Lau, one of the few executives to promote the automaker’s products alongside Elon Musk, has been at Tesla for almost 13 years and has held the vice president title since 2017. His team is responsible for the software in Tesla’s vehicles — overseeing infotainment and information security to over-the-air software updates — as well as cloud services and manufacturing systems.

- Shares in companies that have large manufacturing operations in Vietnam, including Nike (NKE) and Lululemon Athletica (LULU) soared Friday after President Donald Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Nike shares erased an earlier loss to gain 3%. Apparel and shoemakers’ shares tumbled Thursday after the president unveiled a 46% levy on the Southeast Asian nation, where several had shifted manufacturing in recent years after Trump hit China with tariffs during his first term.

- Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US.Some of Wall Street’s top lenders, Morgan Stanley (MS), Goldman Sachs (GS) and Citigroup (C) all closed more than 7% lower after China retaliated against President Donald Trump’s tariffs with a 34% levy on US goods. The KBW Bank Index tallied a roughly 16% drop over Thursday and Friday, the gauge’s worst two-session plunge since the start of the Covid-19 pandemic. Shares of JPMorgan Chase (JPM), which traded ex-dividend on Friday, erased some $51 billion from its market capitalization. Regional lenders also took a hit with the KBW Regional Banking Index slumping 3.7%, to close at the lowest level since July 9.

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On this episode of Stock Movers:
- Shares of Nike surged after President Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. The news reversed earlier losses for Nike, which had fallen after Trump unveiled a 46% levy on Vietnam, where several had shifted manufacturing in recent years.
- Tesla and Nvidia are leading the Magnificent Seven stock losses on Friday after China escalated a trade war by retaliating against new US tariffs with levies on all American imports. Nvidia fell -4.2% while Tesla slumped Tesla -5.7%

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On this episode of Stock Movers:
-Tesla (TSLA) shares drop. Tesla's first-quarter vehicle deliveries were far below estimates, confirming "unprecedented brand damage" due to car-buyer backlash against Elon Musk. Tesla's sales plummeted 62% last quarter in Germany, and its stock has slumped since hitting a record high on December 17.
-Nvidia (NVDA) shares slump after Thursday’s slump wiped $1.4 trillion in market capitalisation from the Nasdaq 100 Stock Index. Companies like Apple, Nvidia, and Broadcom are particularly affected, as they source hardware components and assembly labor from southeast Asia and will have to either hike prices or absorb costs and watch profits dwindle.
-Wayfair (W US) shares slide after Citi downgraded the online furniture retailer to neutral from buy. The broker said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned.

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On this episode of Stock Movers:

-Apple (AAPL) shares plunge. Apple is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years.
-Nike (NKE) shares fall. A tariff of 46% on goods from Vietnam is particularly painful for companies such as Nike, Adidas, and Lululemon, which produce significant amounts of merchandise in the country. Levies of 49% on Cambodia and more than 30% on Indonesia and Thailand are also problematic.
-Stellantis (STLA US) shares fall. Stellantis facilities are linked to halted production across its Canada and Mexico supply chain. The results of Donald Trump’s initial country and sector tariffs are also an early warning since global levies followed.

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On this episode of Stock Movers:
- Apple (APPL) shares dipped after the company lost over $300 billion yesterday, second largest drop in market cap for any company ever. The drop comes as the company has moved its supply chain away from China but to countries that face high tariffs.
- Nike (NKE) is continuing its slide as shoe and garment makers extended their selloff as they face tariffs on their Asian-made products. Apparel and footwear companies that shifted manufacturing from China to avoid tariffs are now being targeted by Trump's tariffs on Vietnam, Cambodia, Indonesia, and Thailand.
- Wayfair (W) shares are sliding 11% in premarket trading putting the stock on track to extend declines after Citi downgraded the online furniture retailer to neutral from buy. Analyst Ygal Arounian said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned.
- Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled by day 1 of US tariffs. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt from BBB+ to BBB.

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On this episode of Stock Movers:
- Alibaba (BABA) shares are down after China announced retaliatory 34% tariffs on US goods. Beijing will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency. Chinese authorities said they will start a probe into medical CT X-ray tubes imported from the US and India, and halt imports of poultry products from two American companies.
- Apple (APPL) shares dipped after the company lost over $300 billion yesterday, second largest drop in market cap for any company ever. The drop comes as the company has moved its supply chain away from China but to countries that face high tariffs.
- Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled by day 1 of US tariffs. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt from BBB+ to BBB.
- Nordstrom (JWN) is lower this morning after Citi downgraded the stock from hold to sell. The stock was shielded from a bigger fall yesterday because there's a pending deal from the Nordstrom family and Mexican retailer Liverpool to take the company over at $24.25. Citi sees little upside, but a larger chance of the deal falling apart.

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On this episode of Stock Movers:
- Banks is the worst-performing sector in Europe for a second day as the global equity rout continued on fears economic growth will be hit by US tariffs. The Stoxx 600 Banks Index sinks 4% as of 9:27 a.m. CET, extending weekly declines to 10%, the steepest drop since March 2023 The sector is still up 12% YTD. Deutsche Bank, Banco De Sabadell are down more than 5%
- KKR has walked away from a private equity consortium discussing a takeover of Gerresheimer AG, the German maker of packaging for drugs and cosmetics, people familiar with the matter said. The buyout firm had teamed up with Warburg Pincus to pursue a deal for Gerresheimer, Bloomberg News reported in March. Warburg Pincus is still working to see if it can reach a deal, according to the people, who asked not to be identified discussing confidential information.
- Danone shares rise as much as 2.7% to hit their highest level in over five years after analysts at Morgan Stanley said they now prefer the stock over Nestle, arguing the French food company is trading at an “unwarranted” discount to its Swiss peer given its more attractive setup.

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On this episode of Stock Movers:
- European pharmaceutical stocks are in focus on Friday as US President Donald Trump suggested tariffs on the sector may be introduced soon. “The pharma is going to start coming in, I think, at a level that we haven’t really seen before. We are looking at pharma right now,” Trump said, while aboard Air Force One “We’ll be announcing that sometime in the near future. It’s under review right now,” Trump added
-Banks is the worst-performing sector in Europe for a second day as the global equity rout continued on fears economic growth will be hit by US tariffs. The Stoxx 600 Banks Index sinks 4% as of 9:27 a.m. CET, extending weekly declines to 10%, the steepest drop since March 2023 The sector is still up 12% YTD. Deutsche Bank, Banco De Sabadell are down more than 5%
- BP Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management. Lund was widely seen to be in a vulnerable position since Bloomberg reported that Elliott had built up a 5% stake in BP with the intention of pushing for change. The pressure only increased after Chief Executive Officer Murray Auchincloss’s strategy “reset” fell short of what the activist investor had wanted.

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On this episode of Stock Movers:

- Apple (APPL) shares fell as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years. The new tariffs will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.

- Phillip Morris (PM) stock hit a record high as investors look for places to hide after President Donald Trump’s new wave of tariffs sent global markets lower.

- RH (RH) shares tumbled on Thursday after the luxury home furnishing company’s annual revenue growth forecast trailed Wall Street expectations. Its fourth-quarter sales and profit also missed the average estimates. Analysts note that new round of tariffs add “significantly more uncertainty,” with BofA and Citi downgrading the stock.

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On this episode of Stock Movers:

- Apple (AAPL) shares are down as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering a stock rout. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.

- RH (RH) shares tumbled on a record decline, after the luxury home furnishing company’s annual revenue growth forecast trailed Wall Street expectations. Its fourth-quarter sales and profit also missed the average estimates. Analysts note that new round of tariffs add “significantly more uncertainty,” with BofA and Citi downgrading the stock.

- Lamb Weston Holdings (LW) rose after the french-fry supplier posted fiscal 3Q results that topped estimates and as management hired a consulting firm to look for cost savings.

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On this episode of Stock Movers:
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Nvidia (NVDA) is down with the chipmakers in response to President Trump's tariffs, and is also lower after HSBC downgraded Nvidia from Buy to Hold.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.

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-Apple shares (AAPL) fall. Apple is being heavily impacted by President Trump's new tariffs, which will affect its supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China.

-Nike (NKE) shares drop. The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs. Nike Inc. and Adidas AG made big bets on Vietnam over the last decade. Today, about half of all Nike shoes and 39% of Adidas shoes are made in the country.

- General Motors (GM) shares fall after President Donald Trump’s 25% tariff on US auto imports took effect on Thursday in a move expected to dramatically increase costs and upend industry supply chains.

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On this episode of Stock Movers:
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Nvidia (NVDA) is down with the chipmakers in response to President Trump's tariffs, and is also lower after HSBC downgraded Nvidia from Buy to Hold.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.

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On this episode of Stock Movers:
- Lululemon (LULU) shares are lower as President Trump's global tariffs weigh on crucial retail production countries including Vietnam and Indonesia. 40% of Lululemon's good are produced in Vietnam, which was hit with a 46% reciprocal tariff as part of President Trump's tariff plan.
- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.
- Tesla (TSLA) shares are down following the tariff announcement, following the stocks of chipmakers.. Electric vehicles require a lot of chips for production, the supply chain of which could be upended by tariffs. The leading U.S. maker of electric vehicles closed up 5.3% on Wednesday following a Politico report that said Tesla CEO Elon Musk plans to step away from his government role in the coming weeks.
- Eli Lilly (LLY) is sinking along with the other pharmaceuticals as sectoral tariffs are expected to be announced as well.

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On this episode of Stock Movers:
- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more. There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green.
- Logitech shares sink as much as 12%, the most in over a year, hit by escalating trade tensions from the US. The computer peripherals firm is seen more sensitive to higher tariffs as it generates bulk of sales from the US and owns production facilities in China.
- Morgan Stanley analyst Sarah Simon sees AB Inbev as a potential beneficiary of these tariffs, given that the additional charges will likely render imported beer more expensive for the consumer. That could prompt market share loss for imported beers/improved market share for ABI in the US.

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On this episode of Stock Movers:

- The Stoxx Europe 600 opened 1.8% lower with cyclical sectors leading declines. Miners, banks, industrials and consumers are falling 2.5% or more.

- There are concerns for Pandora’s manufacturing base of Thailand which Trump hit with a 36% tariff. Defensive sectors such as utilities, food and beverages, real estate, health care and personal care are in the green. 

- Container ships and car carriers are the vessels that’ll be hurt the most from the Trump administration’s wide-ranging tariffs on exporters to the US, Fearnley Securities AS analysts wrote in a note. A tariff of 54% on Chinese exports and substantial ones for other Asian exporters will impact flows to the US and is a “clear negative” for container volumes, Fredrik Dybwad and Nils Thommesen said

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On this episode of Stock Movers:

- Amazon (AMZN) shares rose on the news that it submitted a bit to the White House to buy social video app TikTok from its Chinese owners. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and Commerce Secretary Howard Lutnick, according to people familiar with the matter. But the bid, reported earlier by the New York Times, is not being considered seriously by the administration, according to the person, who discussed the sale process on the condition of anonymity. The company declined to comment.

- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders.

- Newsmax (NMAX) shares shed more than three-quarters of their value on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped 77%, wiping out $23 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.

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On this episode of Stock Movers:

- Tesla (TSLA) investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration. While the billionaire has yet to make an announcement about his plans, a report by Politico Wednesday suggested his time as a top adviser to Donald Trump may end soon. The president has told his inner circle recently that the Tesla chief executive officer will return to his businesses in the coming weeks, according to the news outlet, which cited unidentified Trump insiders. Tesla shares jumped following the report.

- Newsmax (NMAX) shares were cut in half on Wednesday after a raucous two-day surge fueled in part by retail traders briefly made it larger than Fox Corp. The stock slumped as much as 50%, wiping out $15 billion in market value, after a 2,230% surge in Newsmax’s first two days as a public company. Retail investors were less vocal about the stock in trader chatrooms compared to prior days, with buy orders on Fidelity’s platform more muted compared to those for larger companies.

- Amazon (AMZN) shares rose after the NYT reported that the e-commerce giant made a last-minute offer to buy TikTok in the US. The company sent its proposal in a letter to Vice President JD Vance, who’s heading efforts to help facilitate a sale of the US operations of the video platform ahead of a deadline later this week, and to Commerce Secretary Howard Lutnick.

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On this episode of Stock Movers:

- Tesla's (TSLA) vehicle sales fell 13% last quarter to 336,681, its worst showing since the second quarter of 2022, due to factory retooling and international backlash against Elon Musk. Tesla Inc.’s deliveries from its Shanghai factory fell for the sixth straight month, extending a global sales decline as the brand continues to lose share in China’s ultra-competitive electric-vehicle market.
- Newsmax (NMAX) shares drop as the conservative media outlet pauses its blistering IPO rally which saw shares surge 2,230% since its debut this week. Newsmax's stock surge is reminiscent of the meme stock craze in 2020 and 2021, with investors piling into stocks to power eye-popping gains, despite concerns about the company's fundamental value and ongoing litigation.
- Roblox (RBLX) shares rise as the company is introducing new tools to help parents control their children's interactions with strangers on the platform, including limiting who they can interact with and viewing/restricting game play.

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On this episode of Stock Movers:

- Tesla's (TSLA) vehicle sales fell 13% last quarter to 336,681, its worst showing since the second quarter of 2022, due to factory retooling and international backlash against Elon Musk. Tesla Inc.’s deliveries from its Shanghai factory fell for the sixth straight month, extending a global sales decline as the brand continues to lose share in China’s ultra-competitive electric-vehicle market.
- nCino (NCNO) shares slide after the software company gave a weaker-than-expected outlook, prompting multiple downgrades. The stock touched an all-time low, shares seeing biggest intraday drop on record
- Newsmax (NMAX) shares drop as the conservative media outlet pauses its blistering IPO rally which saw shares surge 2,230% since its debut this week. Newsmax's stock surge is reminiscent of the meme stock craze in 2020 and 2021, with investors piling into stocks to power eye-popping gains, despite concerns about the company's fundamental value and ongoing litigation.

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On this episode of Stock Movers:
- Schwab (SCHW) are up premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."
- Trump Media & Technology Group (DJT) slumped in pre-market trading after the company filed on April 1 to register up to 142.5 million shares and warrants for sale. The filing is the first step for the president’s trust, controlled by his son Donald Trump Jr.. to sell down a 114.75 million share stake. It also registered millions of shares owned by the sponsor of the blank-check firm that merged with Trump Media to take it public last year.
- Newsmax (NMAX) shares are retreating in US premarket trading, pausing its blinding IPO rally which saw shares surge 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times.
- Hims & Hers (HIMS) shares jumped as much as 14%, the most intraday since February, after the firm said it is expanding its weight-loss offerings by adding access to generic liraglutide and branded tirzepatide through its telehealth platform.

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On this episode of Stock Movers:
- Tesla (TSLA) shares are moving to the downside after its China’s March total shipments dropped 11.5% y/y to 78,828 units, according to Bloomberg calculations based on preliminary data released by China’s Passenger Car Association. The company faces challenges including a production slowdown, cooling EV market, and broader economic uncertainty, and aims to return to growth after logging its first annual sales drop in over a decade last year.
- Palantir (PLTR) shares dipped this morning as the AI play, which has partnerships with hyperscalers, continues to move to the downside amid uncertainty and artificial intelligence uncertainty.
- Amazon (AMZN) is moving downward this morning with tech in focus on Liberation Day and how tariffs will affect supply chains of the Big Tech companies.
- Schwab (SCHW) is the biggest upside mover in the S&P 500 premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."

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On this episode of Stock Movers:
- Mercedes-Benz Group AG is considering withdrawing its least expensive cars from the US because President Donald Trump’s auto tariffs would likely make their sales economically unfeasible, according to people familiar with the matter.
- European pharma stocks could be in focus on Wednesday after a selloff in US peers following the close of European trading on Tuesday. Meanwhile, also watch Novo Nordisk and obesity drug peers after US firm Hims & Hers Health said it was broadening its weight-loss offerings.
- Irish convenience food manufacturer Greencore Group Plc agreed to buy Bakkavor Group Plc in a deal that values its London-listed rival at about £1.2 billion. The company will pay 85 pence in cash and 0.604 Greencore shares for each Bakkavor share, according to a statement, which said the Bakkavor board is inclined to recommend the in-principle agreement to shareholders.

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On this episode of Stock Movers:

-Newsmax's (NMAX) meme-stock moment has given it a market value greater than Fox Corp.’s, with shares surging 2,230% since its debut earlier this week. The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times. Tuesday’s jump added $19.2 billion in market value as over 10 million shares swapped hands.

- Live Nation Entertainment (LYV) shares rose after President Donald Trump signed an executive order aimed at cracking down on ticket scalping and fees that drive up costs of live events. TD Cowen said it sees the executive order as a chance for the Ticketmaster owner to settle the antitrust lawsuit filed by the Department of Justice. Meantime, shares in online ticketing marketplace Vivid Seats (SEAT) fell.

- PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.

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On this episode of Stock Movers:

- Johnson & Johnson (JNJ) shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought by women who say the company’s hallmark baby powder caused ovarian cancer and other, similar gynecological diseases in courts across the country. It may also have to set aside far more than the $9 billion it had earmarked for victims. J&J’s shares dropped as much as 5.6% in New York today, marking the biggest intraday loss since March 2020.

-PVH Corp (PVH) shares climbed in their biggest intraday advance in two years after the owner of Calvin Klein and Tommy Hilfiger brands gave a guidance for 2026 adjusted earnings that beat the average analyst estimate. The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year. It’s more cautious than the view offered by Chief Executive Officer Stefan Larsson in December, when he projected “modest growth” for 2025. Revenue decreased 5% on a constant currency basis in 2024, the company said in a statement.

- Roblox (RBLX) shares are up as the video-game company announced it will roll out Rewarded Video ads for programmatic buying through Google. Rewarded video ads allow users to earn in-game perks for watching up to 30-seconds of full-screen video ads, according to a statement from Roblox on Tuesday. The gaming platform, which has 85 million daily users, has been increasing its advertising capability over the last few years, creating lucrative partnerships with the likes of Ralph Lauren, Chipotle Mexican Grill and other brands.

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On this episode of Stock Movers:

- Newsmax (NMAX) shares jump, putting the conservative media outlet’s stock on track to extend gains after it jumped 735% in its debut on Monday. Newsmax Inc.’s debut as a public company has given founder and Chief Executive Officer Christopher Ruddy a fortune of about $3.3 billion.The conservative cable news network sold $75 million of shares at $10 each in Monday’s initial public offering.
- Live Nation (LYV) shares took a hit after President Donald Trump signed an executive order cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission to work with the Department of Justice to ensure that competition laws are enforced in the concert and entertainment industry — including the Better Online Ticket Sales, or BOTS, Act.
- PVH Corp., the owner of the Calvin Klein and Tommy Hilfiger brands, is expecting sales growth to be flat or slightly positive this year, outpacing analysts’ expectations.The outlook, which excludes currency fluctuations, surpasses the average analyst estimate of a 0.5% revenue decline for the period from the previous year.

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On this episode of Stock Movers:

- Shake Shack (SHAK) shares rose after Loop Capital Markets upgraded the burger chain’s stock to buy from hold, citing a recent pullback in shares as well as potential upside to the company’s earnings.
- Johnson & Johnson (JNJ) shares fall after a federal judge rejected the health-care products maker’s third attempt to use the bankruptcy of one of its small units to end baby powder cancer claims. Analysts said this added to the overhang on the shares given the uncertainty over how the company will deal with the claims.
- Newsmax (NMAX) shares jump, putting the conservative media outlet’s stock on track to extend gains after it jumped 735% in its debut on Monday. Newsmax Inc.’s debut as a public company has given founder and Chief Executive Officer Christopher Ruddy a fortune of about $3.3 billion.The conservative cable news network sold $75 million of shares at $10 each in Monday’s initial public offering.

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On this episode of Stock Movers:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping and fees that drive up the costs of attending live events for consumers. The order directs the Federal Trade Commission and other agencies to ensure competition laws are enforced, promote price transparency, and prevent ticket resellers from gouging consumers.
- Microvast Holdings (MVST) jumped as much as 56% in US premarket trading after the lithium-ion battery maker reported 2024 revenue that beat its guidance thanks to growing demand for its technology.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Newsmax (NMAX) shares popped after opening 40% above their initial public offering price of $10 apiece, before triggering a halt for volatility. The cable news network raised $75 million from the sale of 7.5 million shares, according to a statement Mar. 28, and its IPO has given founder and CEO Christopher Ruddy a fortune of about $3.3 billion after its shares surged 735%.
- Johnson & Johnson (JNJ) is falling after a federal judge rejected the health-care products maker’s third attempt to use bankruptcy of one of its small units to end baby powder cancer claims. Analysts said that this added to the overhang on the shares given the uncertainty over how it will deal with the claims.
- Tesla (TSLA) shares are up premarket after the stock closed with a loss Monday and ended the first quarter down 36%. It comes as other Magnificent 7 stocks decline and after reports of more negative sales news out of Europe: Tesla car sales in France plunged 37% in March.
- Live Nation (LYV) shares are down after President Trump signed an executive order cracking down on ticket scalping.

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On this episode of Stock Movers:

- AstraZeneca's experimental cholesterol drug significantly reduced “bad” cholesterol in a mid-stage trial, boosting hopes for a potential blockbuster that could be part of a powerful combination medicine targeting weight loss and related ailments. The once-a-day pill led to a 50.7% reduction in low-density lipoprotein cholesterol, often called LDL, when given on top of statins, according to data presented at the American College of Cardiology in Chicago.

- UK supermarket stocks decline as analysts cut profit estimates following a recent profit warning from Asda who are reducing prices on 10,000 items, likely signaling a period of more aggressive market activity after managing challenges from Aldi and Lidl. Tesco and Sainsbury's will have to respond to Asda, which is seeking to reestablish itself as the UK's cheapest full-line supermarket.

- Travis Perkins shares fall as much as 13% to their lowest since June 2009 after the wholesaler said there was uncertainty regarding recovery in UK construction activity and challenging market conditions have continued. Citi sees consensus downgrades on the back of the guidance.

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