Stock Movers

• General Motors Trends Down; Bank of America Pops on Earnings; Boeing Slides on China News

  On this episode of Stock Movers:- Bank of America (BAC) is higher this morning after it reported strong earnings with big bank earnings wrapping up this week. Chairman and CEO Brian Moynihan also said that the bank will have to potentially face changing economic conditions.- General Motors (GM) is selling off after yesterday's gains that came when President Trump signaled he's looking to pause auto tariffs so car companies can adjust to the duties. The president says the automakers will "need a little more time" to adjust to manufacturing auto parts in the US.- Boeing (BA) is lower this morning on a headline that China has ordered its airlines to stop taking deliveries of Boeing jets and to halt purchases of aircraft-related equipment and parts from US companies. The move is seen as part of the ongoing trade war between the US and China, with China imposing retaliatory tariffs of 125% on American goods, including aircraft and parts.- PepsiCo (PEP) is lower after Bank of America analyst Bryan Spillane downgraded the company to Neutral from Buy with a $155 price target, citing Frito-Lay North America growth likely remaining below the long-term trendline this year.See omnystudio.com/listener for privacy information.

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• Hermes Conquers LVMH, Auto's Gain, BE Semi Shares Jump

  On this episode of Stock Movers:- Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès International SCA’s valuation reached €243.65 billion ($276.3 billion) on Tuesday, briefly crossing the €243.44 billion of LVMH Moët Hennessy Louis Vuitton SE and catapulting it into the most valuable company on France’s benchmark CAC40 index. The stunning reversal in fortunes comes after LVMH tumbled as much as 8.4% in Paris following disappointing first-quarter results on slowing demand in China and the US and amid threats of an escalating trade war.- President Donald Trump said he is exploring possible temporary exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing. “I’m looking at something to help car companies with it,” Trump told reporters Monday in the Oval Office. “They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here.”- BE Semiconductor shares rally as much as 9.7% after Applied Materials said it has acquired a 9% stake in the Dutch chip-equipment maker via market-based transactions. Applied Materials says the investment isn’t subject to regulatory approvals; it doesn’t intend to seek board representation at BE Semi, and it has no plans to purchase additional sharesSee omnystudio.com/listener for privacy information.

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• GM Shares Jump, Apple Rises on Tariff Pause, Meta Antitrust Trial

  On this episode of Stock Movers:- General Motors (GM) shares were up as President Donald Trump's said he's exploring possible temporary exemptions to automotive tariffs Monday. The pause would give auto companies more time to set up US manufacturing. Trump imposed a 25% tariff on fully built vehicles, with duties on parts set to take effect no later than May 3. His separate tariffs on Canada and Mexico already contain a carveout for vehicles with enough domestic content to meet requirements under the existing North American trade agreement.- Apple (APPL) shares jumped as the Trump administration pressed ahead with plans for semiconductor tariffs but on Monday touted exclusions for popular consumer electronics from 125% tariffs on China and a 10% baseline global tariff as beneficial for Apple.- Meta (META) shares dropped as the US Federal Trade Commission pushed ahead with its antitrust probe against the social media giant. They are arguing that the company must be broken up for illegally monopolizing the social media market after buying Instagram and WhatsApp more than a decade ago. Meta CEO Mark Zuckerberg testified in federal court earlier today. He argued that Meta's social networks are not just about friends, but also about discovering and learning about the world.See omnystudio.com/listener for privacy information.

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• Apple Jumps on Tariff Exemptions, Southwest & Chipotle Lower Price Targets

  On this episode of Stock Movers: - Apple (APPL) shares jump 4.5% on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries. However, following the exemptions, Trump went on to pledge that he will still apply tariffs to popular consumer electronics — making the reprieve seem temporary and part of the longstanding plan to apply a different, specific levy to the sector- Chipotle Mexican Grill (CMG) shares dropped as RBC analysts lowered the company's price target to $65 from $70 but keep an outperform rating on the shares. RBC also points that demand for the company's newly introduced Chipotle Honey Chicken might be softer than expected.- Southwest Airlines (LUV) shares are down as the company's price targets were downgraded by Bank of America and Citi. This comes after Delta and other airlines are sending warning signs for the industry and overall demand for travel.See omnystudio.com/listener for privacy information.

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• Apple Rises, Intel Jumps, Peloton Gains as Deutsche Bank Raises to Buy

  On this episode of Stock Movers: - Apple (AAPL) (AAPL) leads gains of Magnificent Seven stocks higher after President Donald Trump’s administration exempted phones, computers, and popular electronics from its so-called reciprocal tariffs.- Intel Corp. (INTC) shares rise after agreeing to sell 51% of its Altera business to Silver Lake. The deal expected to close in the second half of 2025- Peloton (PTON) shares rise after Deutsche Bank upgraded the exercise equipment maker to buy, saying the shares had been “unfairly punished” since second-quarter earnings.See omnystudio.com/listener for privacy information.

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