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Apple Drops, Deckers Falls, Intuit Rises After Positive Earnings
Manage episode 484378031 series 3654950
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.
334 episodes
Manage episode 484378031 series 3654950
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.
334 episodes
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