Shares Achieve However Shut Off Session Highs as Traders Digest Newest Tariff Headlines; Palantir, Intel Surge

KeyBanc Says Tariff Exemption ‘Greatest Case State of affairs’ for Apple

57 minutes in the past

Apple (AAPL) inventory was upgraded by KeyBanc after smartphones, computer systems, and different electronics had been exempted from President Donald Trump’s  “reciprocal” tariffs.

The Trump administration’s up to date steering introduced Friday “might be the most effective case situation” for Apple, KeyBanc analyst Brandon Nispel mentioned.

 “With the worst case situation of continuous ‘tit-for-tat’ commerce conflict escalation seemingly now not in play and the exception on smartphones from tariffs, we discover it troublesome to argue for additional draw back,” Nispel added. KeyBanc upgraded the iPhone maker’s inventory to a impartial “sector weight” ranking from “underweight.”

Citi analysts mentioned they anticipate Apple’s inventory to get a lift from the tech tariff exemptions, however warned Apple’s merchandise “are usually not immune” to a weak macro setting. The financial institution stored its “outperform” ranking for Apple, however lowered its gross sales estimates for iPhones, Macs, and Apple wearable gadgets, given its projection of a contraction in world gross home product this 12 months underneath new tariffs. 

The tariff exemptions might additionally show momentary, after Commerce Secretary  Howard Lutnick mentioned Sunday that the administration plans to impose new tariffs inside a pair months.

Wedbush, which holds an “outperform” ranking for Apple inventory, mentioned the exemption window “offers some flexibility and permits for China negotiations to hopefully happen within the coming months which might deescalate some tariff/commerce conflict points with Massive Tech caught within the center.”

Shares of Apple rose about 2% to shut at $202.52 Monday, extending Friday’s positive aspects. Nonetheless, they’ve misplaced practically one-fifth of their worth for the reason that begin of the 12 months, far outpacing the decline for the S&P 500 thus far in 2025,

–Andrew Kessel

Why Ford and GM Shares Popped on Monday

2 hr 14 min in the past

Shares of U.S. automakers jumped Monday afternoon amid hypothesis the businesses might obtain some reduction from President Trump’s 25% auto tariffs. 

Trump reportedly mentioned Monday he was “on the lookout for one thing to assist a few of the automobile firms,” that “want slightly little bit of time” to maneuver operations from Canada and Mexico to america.

Shares of Ford (F) surged shut to five% in latest buying and selling, after falling as a lot as 1% earlier within the day, whereas Basic Motors (GM) shares, additionally down 1% earlier within the session, had been up practically 4%. Shares of Chrysler-parent Stellantis (STLA), down as a lot as 1.5% noon following a downgrade by UBS, jumped 6%. 

Trump over the weekend introduced that smartphones, computer systems, and different electronics will probably be exempt from the “reciprocal” tariffs introduced earlier this month. The president’s newest tariff about-face has boosted hopes on Wall Road that there could also be extra carve-outs to come back for choose firms, industries, and nations. 

Carmakers had been among the many first firms to enter the crosshairs of Trump’s tariff insurance policies. Ford, GM, and Stellantis’ provide chains had been thrown into the highlight in early February when Trump introduced tariffs on Canada and Mexico, the place the automobile firms have a serious manufacturing presence. Trump watered down these tariffs however subsequently introduced a 25% tariff on all vehicles and auto components not compliant with the U.S.-Mexico-Canada Settlement that Trump negotiated in his first time period. 

Automakers have warned that tariffs might dramatically improve the price of manufacturing autos and that these prices would finally be handed alongside to customers.

-Colin Laidley

Citi Downgrades US Shares, Upgrades Japan

3 hr 41 min in the past

Citi turned the newest funding agency to voice skepticism concerning the outlook for U.S. shares on Monday as tariff uncertainty continues to weigh on sentiment. 

Citi analysts on Monday downgraded U.S. shares to “impartial” from “chubby,” citing “still-high valuations and mounting downgrade pressures.” The analysts additionally upgraded Japanese and U.Okay. shares to “chubby,” becoming a member of continental Europe in Citi’s group of most well-liked areas.

Tariffs, the analysts mentioned, are more likely to cut back each U.S. GDP and company earnings, undermining two of the core drivers of the “U.S. exceptionalism” of the previous decade-plus. On the identical time, Citi estimates U.S. shares as a complete are traditionally costly, “buying and selling at c80th percentile valuation a number of vs. historical past” even after the latest sell-off. 

U.S. shares have outperformed their world friends for a lot of the previous 15 years. The post-World Monetary Disaster order of low rates of interest and low inflation favored the fast-growing tech shares which have come to dominate the U.S. inventory market. Because of Wall Road’s outperformance, worldwide buyers have purchased much more U.S. shares than the opposite method round. Citi warns that, in opposition to this backdrop, “small shifts in allocation choices can have an outsized influence.”

As U.S. shares have misplaced their sheen, worldwide equities have taken on a contemporary luster. European and Japanese equities, Citi says, commerce at engaging valuations. Japanese equities seem like pricing in a extra substantial earnings contraction than different markets, however “Japan appears as seemingly as any market to see reprieve from US tariffs,” the analysts word.

Citi additionally forecasts that the U.S. market is made even much less engaging relative to Europe and Japan by the White Home’s unpredictability. “Whereas tariff dangers have abated, macro/coverage uncertainty stays elevated. … Traders have additionally proven indicators of shunning different US belongings, with the greenback weakening and US Treasury yields rising,” the analysts wrote. “Due to this fact, we imagine buyers might proceed allocating away from US equities as effectively.”

-Colin Laidley

Netflix Ranges To Watch Forward of Thursday’s Earnings Report

4 hr 36 min in the past

Netflix (NFLX) shares moved larger to begin the week because the streaming large will get set to report earnings after Thursday’s shut.

Regardless of considerations {that a} tariff-induced recession might sluggish promoting spending and see customers reign in discretionary purchases on providers like streaming subscriptions, Wall Road has a median “purchase” ranking on the inventory. Analysts at JPMorgan lately identified that the corporate sits positioned to climate an unsure macro setting given its sturdy subscriber base.

Netflix shares had been up 3% at round $946 in latest buying and selling, pushing the inventory’s year-to-date acquire to about 6%.

Beneath, we take a more in-depth take a look at Netflix’s chart and apply technical evaluation to establish very important worth ranges price watching out for forward of the streaming large’s quarterly outcomes.

Since minting their report excessive in mid-February, Netflix shares have trended decrease inside a descending channel.

Extra lately, the inventory discovered shopping for curiosity close to the sample’s decrease trendline final week, doubtlessly setting the stage for a post-earnings continuation rally.

In the meantime, final week’s bounce coincided with a robust uptick within the relative power index (RSI) to point accelerating momentum earlier than the indicator dipped barely on Thursday and Friday as the value consolidated after Wednesday’s rally.

Promoting from present ranges might see a retest of final week’s intraday low round $821. This space on the chart might also present help close to the descending channel’s decrease trendline and the inventory’s January trough.

A breakdown right here might set off a fall to the subsequent degree of significant help at $765. Traders could look to accumulate shares on this area close to the higher degree of a consolidation interval that shaped on the chart following final October’s breakaway hole.

Additional shopping for this week might gas a rally to the $1,000 degree. This space would seemingly entice important consideration close to the psychological spherical quantity and a variety of corresponding buying and selling exercise on the chart stretching again to mid-October.

Lastly, a extra bullish transfer in Netflix shares might see the value climb to $1065, a location on the chart the place buyers could search profit-taking alternatives close to the inventory’s report excessive. 

-Timothy Smith

Palantir Pops After NATO Acquires AI-Enabled Warfighting System

5 hr 20 min in the past

Palantir Applied sciences (PLTR) was one of many largest gainers within the S&P 500 Monday after the North Atlantic Treaty Group (NATO) introduced it acquired the agency’s synthetic intelligence-enabled navy system.

NATO mentioned Monday that on March 25, it “finalized the acquisition of the Palantir Maven Good System NATO (MSS NATO) for employment inside NATO’s Allied Command Operations (ACO), marking a major development within the modernization of NATO’s warfighting capabilities.”

Monetary phrases weren’t disclosed. The company mentioned the procurement “was one of the expeditious in NATO’s historical past, taking solely six months from outlining the requirement to buying the system,” and that “it’s anticipated that ACO will start utilizing the brand new system throughout the subsequent 30 days.”

Palantir inventory was up 4% in latest buying and selling after surging about 8% earlier within the day. Shares have added about one-quarter of their worth in 2025 and soared greater than 300% over the previous 12 months.

-Aaron Rennie

Intel Sells 51% Stake in Altera Unit

6 hr 9 min in the past

Shares of Intel (INTC) rose Monday morning after the chipmaker mentioned it agreed to promote 51% of its programmable chip enterprise Altera to non-public fairness agency Silver Lake.

The deal values Altera at $8.75 billion, and can depart Intel with the remaining 49% possession stake, the businesses mentioned Monday. Intel mentioned that Raghib Hussain will probably be CEO of Altera, efficient Might 5, becoming a member of the corporate from his function as president of Merchandise and Applied sciences at Marvell (MRVL).

“At the moment’s announcement displays our dedication to sharpening our focus, reducing our expense construction and strengthening our steadiness sheet,” Intel CEO Lip-Bu Tan mentioned.

The businesses anticipate the deal to shut within the second half of this 12 months. Altera’s outcomes will probably be faraway from Intel’s quarterly consolidated monetary statements as soon as the deal is closed. The unit recorded income of $1.54 billion and adjusted working revenue of $35 million in fiscal 2024.

The information follows hypothesis of a doable deal for a stake in Altera and different components of Intel’s enterprise earlier this 12 months.

Intel shares had been up about 3% in latest buying and selling. The chipmaker is ready to report first-quarter outcomes after the market closes on April 24.

–Aaron McDade

Pfizer Halts Growth of Weight problems Drug

6 hr 48 min in the past

Pfizer (PFE) mentioned it should cease growth of an oral every day weight-loss tablet after a participant taking the drug in a medical trial skilled a liver harm.

The GLP-1 receptor agonist, danuglipron, was seen as Pfizer’s potential reply to common weight-loss therapies like Novo Nordisk’s (NVO) Ozempic and Wegovy and Eli Lilly’s (LLY) Zepbound and Mounjaro, that are injected weekly.

U.S.-listed shares of Novo Nordisk and Lilly inventory had been every up about 3% in latest buying and selling, whereas Pfizer shares had been 1% larger. 

Danuglipron “met key pharmacokinetic aims” in a Part 3 trial however one affected person “skilled potential drug-induced liver harm,” Pfizer mentioned, including that the harm “resolved” after remedy was discontinued.

Pfizer Chief Scientific Officer Chris Boshoff mentioned the corporate would proceed to develop an “oral GIPR antagonist candidate and different earlier weight problems packages.”

Pfizer shares are down about 16% for the reason that begin of the 12 months, about double the decline of the S&P 500 over the interval.

The drugmaker plans to report its first-quarter earnings on April 29.

–Andrew Kessel

Gold Ranges to Watch After Current File Highs

7 hr 44 min in the past

Gold (XAUUSD) is dropping floor this morning after hitting report highs final week as buyers flocked to the safe-haven asset amid ongoing uncertainty over tariffs and their influence on the worldwide economic system.

The dear metallic stays supported as considerations about an intensifying world commerce conflict proceed to position downward stress on the greenback and Treasurys amid diminishing religion within the U.S. as a dependable buying and selling accomplice. 

Gold’s worth, which soared 6% final week and trades 23% larger for the reason that begin of the 12 months, seesawed Sunday night as buyers digested information that lately introduced U.S. tariff exemptions on smartphones, computer systems, and semiconductors might be momentary, with the president later pledging a nationwide safety commerce investigation into the chip sector.

After a quick retracement to the 50-day shifting common and decrease trendline of an ascending channel, gold’s worth has continued its sturdy uptrend, breaking out above the sample in Friday’s buying and selling session.

Nevertheless, regardless of the commodity’s transfer into worth discovery mode, a bearish divergence has shaped between the relative power index (RSI) and worth, indicating easing shopping for momentum.

Traders ought to monitor key help ranges on gold’s chart round $3,170, $3,048, $2,955, and $2,858.

Learn the total technical evaluation piece right here.

–Timothy Smith

Main Index Futures Level to Greater Open

8 hr 43 min in the past

Futures tied to the Dow Jones Industrial Common had been up 1.1%.

S&P 500 futures rose 1.7%.

Nasdaq 100 futures added 2%.