Wall Street Breakfast Amid market turmoil; compelling earnings coming
Mar 14, 2025
Investors are seeking refuge in a shaky market, while concerns over a recession impact consumer stocks like Tesla and Starbucks. Weight-loss drugmakers are facing setbacks, just as leadership changes signal a new direction for companies. The upcoming Federal Reserve decision looms large, impacting sentiment. In the electric vehicle sector, XPeng and NIO prepare to reveal their earnings amid fierce competition. Plus, predictions for tech stocks remain optimistic, particularly in AI, despite recent downturns.
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Oil Stocks as Safe Havens
- ConocoPhillips and ExxonMobil stock prices rose while the market fell, suggesting investors seek safe havens.
- These oil stocks, despite underperforming previously, now beat the S&P 500 year-to-date.
Weight Loss Drug Makers Decline
- Weight loss drug makers like Novo Nordisk and Eli Lilly saw stock declines due to market saturation fears and underwhelming trial results for next-generation drugs.
- Concerns arise about future growth as many Americans have already tried GLP-1 drugs.
Consumer Stocks and Recession Worries
- Declines in consumer-focused stocks like Tesla and Starbucks reflect recession worries.
- Tesla's brand management is a concern due to Elon Musk's actions and controversies.