Stock Movers US Steel Drops, Constellation Falls, Nike Lower After Target Cut
Apr 10, 2025
US Steel's shares stumbled after political remarks stirred concerns about foreign ownership. Constellation Brands faced a downturn as new tariffs impacted demand and earnings expectations were downgraded. Nike's stock dipped following a target price cut, reflecting anxiety over tariff negotiations and market conditions. The discussion reveals how trade dynamics and economic factors are shaping the performance of these major players.
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Trump Opposes Japanese US Steel Takeover
- US Steel shares dropped sharply after Trump opposed a Japanese acquisition of the company.
- Trump highlighted rising US steel orders as proof the company doesn’t need foreign investment now.
Nike Faces Tariff Supply Chain Risks
- Nike's stock remains volatile, impacted by tariff concerns and supply chain threats.
- Half of Nike's production in Vietnam faces uncertainty due to ongoing US trade negotiations.
Constellation Brands Faces Tariff Challenges
- Constellation Brands lowered guidance due to new US tariffs and weaker demand.
- Alcohol companies face challenges as younger consumers choose healthier, non-alcoholic alternatives.