Stock Movers Dr Martens Slump, Remy Cointreau Rise, Glencore Up
Jul 8, 2025
The podcast dives into the stark contrast in stock performances, spotlighting Dr Martens' decline after US tariff news impacts its supply chain. Meanwhile, European drink makers like Remy Cointreau celebrate gains as the EU seeks tariff exemptions. Glencore also shines after JPMorgan's positive outlook hints at strategic shifts, including a possible coal spin-off. This episode highlights how external factors can dramatically sway company fortunes in the stock market.
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Tariffs Hit Asia-Exposed Stocks
- US tariffs of 76% on Southeast Asian countries like Laos and Thailand hurt companies like Dr Martens and Pandora.
- Dr Martens' boot production in Laos and Pandora's jewelry manufacturing in Thailand cause their shares to drop due to tariff exposure.
EU Seeks Wine, Spirits Tariff Exemption
- The EU seeks to exempt wines and spirits from US tariffs, benefiting big European drinks makers.
- Shares of Remy Cointreau, Pernod Ricard, and Campari rise on hopes of a trade deal carve-out.
JPMorgan Bullish on Glencore Spin-Off
- JPMorgan resumed overweight on Glencore citing value in potential coal business spin-off.
- Investors see about 20% upside, and shares rose 2.5% following the rating.