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Apple Drops, Deckers Falls, Intuit Rises After Positive Earnings

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Manage episode 484378031 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:
-Apple shares drop after President Trump threatened a 25% levy on Apple if the tech giant failed to move iPhone manufacturing to the US. Analysts at Wedbush estimate that such tariffs translate into iPhone prices of ~$3,500/
-Deckers shares drop as Owns Ugg boots and Hoka running shoes provided a disappointing fiscal first-quarter forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.
-Intuit shares rise after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast. BMO analysts say they remain supportive given more AI-fueled innovation launching in the coming weeks.

See omnystudio.com/listener for privacy information.

  continue reading

334 episodes

Artwork
iconShare
 
Manage episode 484378031 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:
-Apple shares drop after President Trump threatened a 25% levy on Apple if the tech giant failed to move iPhone manufacturing to the US. Analysts at Wedbush estimate that such tariffs translate into iPhone prices of ~$3,500/
-Deckers shares drop as Owns Ugg boots and Hoka running shoes provided a disappointing fiscal first-quarter forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.
-Intuit shares rise after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast. BMO analysts say they remain supportive given more AI-fueled innovation launching in the coming weeks.

See omnystudio.com/listener for privacy information.

  continue reading

334 episodes

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