On this episode of Stock Movers:
- Mattel (MAT), Nike are among the consumer stocks falling after the US Supreme Court did not issue an opinion on the legality of IEEPA tariffs. The court could issue more opinions in the next two weeks as the justices have return from their holiday recess.
-General Motors (GM) shares drop after news the automaker will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations.
-Southwest Airlines (LUV) shares climbed after JPMorgan raised its recommendation on the carrier to overweight from underweight, seeing an increase in its earnings-per-share guidance as likely. The analyst also added the stock to their Positive Catalyst Watch list ahead of an upcoming earnings report.
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