Stock Movers Nike Jumps on Trade Deal, Amcor Gains Momentum, Molina Health Declines
Jul 2, 2025
Nike's shares saw a wild ride following a volatile trade deal with Vietnam, critical for its production. Meanwhile, Amcor got a buy recommendation from Jefferies, highlighting its strong earnings potential after merging with Berry Global. On the flip side, Molina Health faced a significant downturn, dropping sharply due to negative market sentiment. The podcast dives into these stock movements, illustrating how global trade impacts key players and investor reactions.
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Impact of Vietnam Trade Deal
- President Trump's trade deal includes a 20% tariff on imports from Vietnam and 40% on transshipping to the U.S.
- American companies and consumers will pay these taxes, impacting companies reliant on Vietnam manufacturing like Nike.
Amcor's Positive Outlook
- Jefferies initiated a buy recommendation on Amcor due to strong earnings momentum post-merger with Berry Global.
- The target price is $12, higher than the current $9.58, indicating potential upside.
Molina Health Shares Decline
- Molina Health shares dropped almost 20% amid Centene's declines, signaling negative sentiment in healthcare.
- Molina trades at 11 times estimated earnings, with trading volume well above its 20-day average, reflecting active investor focus.