Stock Movers Walmart Drops, Netflix Falls, Reddit Drops After Downgrade
May 19, 2025
Walmart's shares take a hit after a credit downgrade from Moody’s, with President Trump urging the retailer to handle the tariffs. Netflix faces a downgrade from JPMorgan, suggesting a more balanced outlook for the streaming giant. Reddit also struggles as Wells Fargo downgrades its stock, citing potential user disruptions linked to Google's new AI features. The podcast dives into the market fluctuations and pressures affecting these industry giants.
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Walmart Faces Tariff Pressure
- Walmart's shares dropped up to 2.5% after President Trump told them to "eat the tariffs."
- Walmart plans to absorb some tariffs but tariffs still increase economic turbulence and may push prices higher.
Netflix Downgraded Amid Gains
- Netflix was downgraded from overweight to neutral by JPMorgan due to a more balanced risk-reward.
- The stock's strong recent gains reduce its defensive appeal from prior tariff concerns.
Reddit Impacted by Google AI
- Reddit shares dropped as Wells Fargo downgraded them to equal weight due to user disruptions from Google AI changes.
- Google’s AI features are likely permanently changing search traffic, hurting Reddit and similar sites.