Stock Movers Closing Bell: Levi Rallies, PayPal Drops, Albermarle Slides
Jul 11, 2025
Levi Strauss is making headlines as its shares jump after a positive revenue outlook, defying tariff challenges. Meanwhile, PayPal faces a huge decline due to JPMorgan's new fees affecting fintech companies, raising eyebrows in the industry. The podcast also highlights downgrades for Albermarle and Boyd Gaming, showcasing the turbulent waters of the current market. Additionally, there's a discussion on rising treasury yields, hinting at shifts in economic trends that investors need to watch closely.
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Levi Strauss Defies Tariff Impact
- Levi Strauss raised its revenue forecasts despite tariff pressures, highlighting resilience in sales growth.
- Tariffs are expected to cost $25 to $30 million this year, mainly on imports from China and elsewhere.
Levi Avoids US Manufacturing Shift
- Don't expect Levi Strauss to move manufacturing to the U.S. due to tariffs.
- Nearly all apparel sold in the U.S. is made outside the country, and Levi plans to keep it that way.
Food Industry Consolidation Moves
- Performance Food Group attracted takeover interest to create the largest U.S. food service distributor.
- The combined entity could command 18% of the $371 billion U.S. food service market.