The Magnificent 7, GM, Nike, Lululemon, Deckers, PDD: Stocks to watch today

2 months ago 13

Josh Fellman

Thu, Apr 3, 2025, 5:58 AM 2 min read

Investors weren’t blessed with President Donald Trump’s reciprocal tariffs, sending stocks plunging overseas and successful premarket trading. Futures linked to the the S&P 500 pointed to a 3.5% driblet astatine the unfastened connected Thursday, with those tied to the Nasdaq 100 projecting a 3.9% fall, and the Dow Jones Industrial Average projected to descent 2.6%, oregon much than 1,000 points.

For the Magnificent 7, declines successful pre-market trading were 7.5% for Apple (AAPL), 6.3% for Amazon (AMZN), 4.7% for Meta (META), 6.1% for Tesla (TSLA), 5.7% for Nvidia (NVDA), 2.8% for Microsoft (MSFT), and 3% for Google’s (GOOGL) genitor Alphabet.

The import taxes volition beryllium applied connected a country-by-country basis. Chinese goods, for example, volition beryllium deed with a 34% levy, portion products from the European Union volition beryllium slapped with 20% duties. Mexican and Canadian goods won’t look immoderate further charges.

“I don’t deliberation a commercialized warfare is peculiarly bully for the banal market,” Melisa Brown, caput of concern determination probe astatine SimCorp (SIM), told Quartz. The tariffs are “not the decease knell for the U.S. economy, but could beryllium precise harmful for pockets of it.”

Economic information connected Thursday see archetypal jobless claims for the week done March 29, which whitethorn person edged up to 228,00 from 224,000 the week before, according to the statement estimation successful FactSet (FDS). The numbers are owed astatine 8:30 a.m. EDT. The ISM services purchasing managers scale (PMI), astatine 10 a.m., whitethorn person ticked municipality to 53.0 from 53.5. A speechmaking supra 50 indicates expansion.

More stocks to ticker today:

Constellation Brands (STZ), which makes, imports and distributes alcoholic beverages, is scheduled to study quarterly net connected Thursday. Revenue and per-share nett whitethorn person been small changed from a twelvemonth earlier. The banal fell 1.2% premarket today.

General Motors (GM) banal dropped 2.8% premarket aft Trump confirmed that 25% duties connected cars, trucks and autoparts volition spell into spot arsenic planned. Stellantis (STLA) fell 1.6% and of Ford (F) slid 2.3%. Trump had announced the car tariffs earlier, and refrained from imposing further tariffs connected Canada and Mexico.

Nike’s (NKE) banal plunged 9.7% premarket due to the fact that the shoemaker’s declaration factories overseas successful countries including Vietnam and China volition look overmuch higher tariffs. Apparel shaper Lululemon (LULU) and Deckers (DECK) Outdoor, which makes the Hoka and Teva brands, some fell much than 12% for the aforesaid reason.

PDD (PDD) banal fell 5.3% earlier the open. The company’s Temu buying website volition beryllium affected by the extremity of the de minimis exemption that allows low-value packages to beryllium sent from China work free.

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