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Adidas Gains, Luxury Strength, Auto Trader Drop
Manage episode 485581197 series 3654950
On this episode of Stock Movers:
- Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia.
- Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run.
- Auto Trader reported revenue for the full year that missed the average analyst estimate.
See omnystudio.com/listener for privacy information.
334 episodes
Manage episode 485581197 series 3654950
On this episode of Stock Movers:
- Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia.
- Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run.
- Auto Trader reported revenue for the full year that missed the average analyst estimate.
See omnystudio.com/listener for privacy information.
334 episodes
All episodes
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