Stock Movers Take-Two Drops, Apple Falls, Five Below Jumps on Positive Forecasts
May 2, 2025
Take-Two Interactive's stock dives as the much-anticipated Grand Theft Auto VI is delayed to 2026, raising expectations and tensions. Meanwhile, Apple faces a drop due to downgrades linked to tariff concerns and disappointing sales in China. In contrast, Five Below shines with a surge in stock following an optimistic sales forecast, showcasing robust earnings despite the looming tariff impacts. The retail landscape is shifting as consumers brace for potential price hikes.
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GTA 6 Delay Reaction
- Take-Two delayed Grand Theft Auto VI's release to May 2026 to give more time for completion.
- Despite the stock dip, analysts remain optimistic now there's a firm release date.
Apple's Tariff Impact
- Apple received rare downgrades due to earnings concerns over tariffs and weak China sales.
- Tariffs could cost Apple $900 million, pushing revenue growth to low- to mid-single digits this year.
Five Below's Strong Forecast
- Five Below raised Q1 sales and profit forecasts despite tariff concerns.
- Consumer demand was pulled forward as buyers stocked up ahead of expected price increases.