Finance
SHOP, HON, GEV, TWLO & more
Published
6 months agoon

Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify’s $2.16 billion revenue beat a FactSet estimate of $2.12 billion. The stock was on track for its best day ever. Live Nation Entertainment — The live music and entertainment company gained 4% after posting a third-quarter earnings beat. Live Nation earned $1.66 per share, topping an LSEG estimate of $1.59 per share. On the other hand, revenue of $7.65 billion missed the $7.75 billion analysts had forecasted. Honeywell — The industrial giant climbed 3% after Elliott Management disclosed a $5 billion stake. The investor recommended that Honeywell should “pursue a separation of Aerospace and Automation. Both entities would be sector leaders and be better positioned to thrive operationally, serve customers and employees, and create long-term value for shareholders” in a letter. Twilio — Shares rose 4% after Wells Fargo upgraded the cloud communications firm to overweight from equal weight. Wells Fargo said “Twilio can serve as a pick-and-shovel play for the next wave of AI-native front office and communications-powered genAI applications.” IAC — Shares plunged 9% after the media and internet conglomerate said it was weighing a spinoff of home improvement marketplace Angi . Shares of Angi tumbled 22%. Trump Media & Technology — Shares of Trump’s media company shed 8% on Tuesday. The stock had rallied nearly 5% on Monday and rose more than 4% last week following Donald Trump’s reelection to the White House. SentinelOne — The cybersecurity stock advanced 1.5% following an upgrade to buy from hold at Deutsche Bank. The Wall Street firm said that CrowdStrike’s July outage could potentially boost SentinelOne’s momentum. Tyson Foods — The poultry processor jumped more than 8% after Tyson’s fiscal fourth-quarter report topped Wall Street expectations. Tyson earned an adjusted 92 cents per share on $13.57 billion of revenue. Analysts called for 72 cents per share on $13.39 billion of revenue, according to a FactSet estimate. Tyson also bumped up its quarterly dividend by 2%. On Holding — U.S.-traded shares of the Swiss athleisure company slipped 1.5% on mixed third-quarter results. On reported adjusted earnings of 0.15 Swiss francs on revenue of 635.8 million francs. Analysts polled by StreetAccount had estimated earnings of 0.19 francs on 617.6 million francs in revenue. Meanwhile, On’s full-year revenue guidance came slightly above analysts’ forecasts. TreeHouse Foods — Shares plunged 16% after the food processor reported that it has missed analysts’ estimates for both its third-quarter adjusted diluted earnings and revenue. Treehouse also posted fourth-quarter revenue and adjusted EBITDA guidance that was below FactSet’s estimates. Tencent Music Entertainment — The Chinese music streaming company dipped 8% after reporting that revenue from its social entertainment services business fell 23.9% in its previous quarter. Sea — Shares surged 1.7% after the tech company reported a third-quarter revenue beat. Sea’s $4.33 billion in revenue beat a FactSet consensus of $4.09 billion. The company’s third-quarter adjusted EBITDA of $521.3 million also came above the expected $490.9 million. Shift4 Payments — The payments stock slid 8.2% following disappointing third-quarter results. Shift4 Payments reported $1.04 in earnings per share, excluding items, on $365.1 million in revenue. Analysts polled by FactSet had anticipated $1.06 a share and $371.1 million, respectively. Mosaic — Shares slid 9% after the chemicals company reported disappointing quarterly results. Mosaic also said CEO Clint Freeland will retire, with Luciano Siani Pires succeeding him in January. GE Vernova — Shares tumbled nearly 8% after the wind turbine manufacturer’s CEO, Scott Strazik, told The Financial Times he will hold off on his search for new offshore turbine orders. Strazik said he wants a better economic environment. President-elect Donald Trump has also promised to block offshore wind projects. — CNBC’s Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound and Pia Singh contributed reporting.
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Finance
These are 3 big things we’re watching in the stock market this week
Published
3 hours agoon
April 27, 2025
A security guard works outside the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., September 18, 2024.
Andrew Kelly | Reuters
The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House.

U.S. brands are rapidly losing their appeal in China as locals increasingly prefer competitive homegrown players, especially as economic growth slows, according to a TD Cowen survey released Thursday. While overall preference for Western brands dropped to 9%, down from 14% last year, certain American companies face higher risks than others, the report said, citing in-person interviews of 2,000 consumers with varied income levels in larger Chinese cities. TD Cowen partnered with an unnamed Beijing-based advisory firm to conduct the survey in February 2025, following a similar study in May 2024. The analysts see Apple ranking among the better-positioned brands in China. But they warned that several other American companies face high regional risks despite management optimism. China’s top leaders on Friday acknowledged the growing effect of trade tensions, and pledged targeted measures for struggling businesses. The official readout stopped short of a full-on stimulus announcement. “This year’s survey was conducted before the US-China trade war intensified, though threats were on the horizon,” the TD Cowen analysts said. “Add this factor to the equation, and it’s easy to see why uncertainty will remain elevated and households are likely to remain cautious going forward.” The survey found income expectations declined, with the share of respondents expecting a decline in pay over the next 12 months rising to 10% from 6%. In particular, Chinese consumers plan to spend less on a beauty items over the next six months, the survey showed, while increasing their preference for Chinese brands. U.S. cosmetics giant Estée Lauder retained first place in terms of highest awareness among Western beauty brands in China, but preference among consumers dropped to 19.6% of respondents, down from 24.3% last year. That contrasted with increases in respondents expressing a preference for the second and third market players Lancome and Chanel, respectively. In the quarter that ended Dec. 31, Estée Lauder said its Asia Pacific net sales fell 11%, due partly to “subdued consumer sentiment in mainland China, Korea and Hong Kong.” Asia Pacific accounted for 32% of overall sales in the quarter. In the lucrative sportswear category, Nike “lost meaningful preference in every category” versus last year, while local competitors Li-Ning and Anta saw gains, the survey found. TD Cowen’s analysis showed that among U.S. sportswear brands facing the most earnings risk relative to consensus expectations, Nike has the highest China sales exposure at 15%. “The China market is one characterized as a growth opportunity for sport according to Nike management in its recent fiscal Q3:25 earnings call in March 2025,” the analysts said, “but that the macro offers an increasingly challenging operating environment.” It’s not necessarily about slower growth or nationalism. While the survey found a 4-percentage-point drop in preference for foreign apparel and footwear brands, it also showed a 3-percentage-point increase in the inclination to buy the “best” product regardless of origin. “The implied perception here is that Western brands are offering less in the way of best product or value,” the TD Cowen analysts said. Starbucks similarly is running into fierce local competition while trying to maintain prices one-third or more above that of competitor Luckin Coffee, the report said. The survey found that the U.S. coffee giant “lags peers in terms of value and quality perception improvement.” Other coffee brands such as Manner, Tim’s, Cotti, %Arabica and M Stand have also expanded recently in China. Starbucks’ same-store sales in China fell 6% year on year in the quarter that ended Dec. 29, bringing the region’s share of total revenue to just under 8%. More worrisome is that a highly anticipated coffee boom in China may not materialize. “We note daily and weekly frequency of purchase among coffee drinkers are decreasing, suggesting the coffee habit seen in the U.S. is not taking hold in China,” the analysts said. They noted a new ownership structure for Starbucks‘ China business would be positive for the stock given the lack of near-term catalysts. TD Cowen rates Starbucks a buy, but has hold ratings on Nike and Estée Lauder.
Finance
Apple iPhone assembly in India won’t cushion China tariffs: Moffett
Published
1 day agoon
April 26, 2025

Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic.
Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year.
He’s questioning how a move could bring down costs tied to tariffs because the iPhone components would still be made in China.
“You have a tremendous menu of problems created by tariffs, and moving to India doesn’t solve all the problems. Now granted, it helps to some degree,” the MoffettNathanson partner and senior managing director told CNBC’s “Fast Money” on Friday. “I would question how that’s going to work.”
Moffett contends it’s not so easy to diversify to India — telling clients Apple’s supply chain would still be anchored in China and would likely face resistance.
“The bottom line is a global trade war is a two-front battle, impacting costs and sales. Moving assembly to India might (and we emphasize might) help with the former. The latter may ultimately be the bigger issue,” he wrote to clients.
Moffett cut his Apple price target on Monday to $141 from $184 a share. It implies a 33% drop from Friday’s close. The price target is also the Street low, according to FactSet.
“I don’t think of myself as the biggest Apple bear,” he said. “I think quite highly of Apple. My concern about Apple has been the valuation more than the company.”
Moffett has had a “sell” rating on Apple since Jan. 7. Since then, the company’s shares are down about 14%.
“None of this is because Apple is a bad company. They still have a great balance sheet [and] a great consumer franchise,” he said. “It’s just the reality of there are no good answers when you are a product company, and your products are going to be significantly tariffed, and you’re heading into a market that is likely to have at least some deceleration in consumer demand because of the macro economy.”
Moffett notes Apple also isn’t getting help from its carriers to cushion the blow of tariffs.
“You also have the demand destruction that’s created by potentially higher prices. Remember, you had AT&T, Verizon and T. Mobile all this week come out and say we’re not going to underwrite the additional cost of tariff [on] handsets,” he added. “The consumer is going to have to pay for that. So, you’re going to have some demand destruction that’s going to show up in even longer holding periods and slower upgrade rates — all of which probably trims estimates next year’s consensus.”
According to Moffett, the backlash against Apple in China over U.S. tariffs will also hurt iPhone sales.
“It’s a very real problem,” Moffett said. “Volumes are really going to the Huaweis and the Vivos and the local competitors in China rather than to Apple.”
Apple stock is coming off a winning week — up more than 6%. It comes ahead of the iPhone maker’s quarterly earnings report due next Thursday after the market close.
To get more personalized investment strategies, join us for our next “Fast Money” Live event on Thursday, June 5, at the Nasdaq in Times Square.

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