Stock Movers Adidas Gains, Luxury Strength, Auto Trader Drop
May 29, 2025
Adidas and Puma stocks surged after a court blocked tariffs on imports, easing concerns from earlier this year. Meanwhile, luxury brands like LVMH saw gains, fueled by hopes for increased demand despite warnings of a possible demand slump. On the flip side, Auto Trader faced challenges with revenue falling short of analyst expectations, reflecting shifting trends in the used car market. The podcast dives deep into these dynamic market movements and their implications.
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Tariff Ruling Boosts Apparel Stocks
- Adidas and Puma shares rose significantly after a US court blocked many tariffs on imports from many countries.
- The tariffs previously caused those stocks to slump due to high rates on Asian imports, especially from Vietnam.
Luxury Stocks Gain Despite Demand Warnings
- Luxury stocks like LVMH and Burberry rallied on hopes the tariff ruling will increase demand in the US market.
- Despite a warning of weaker demand from LVMH due to fewer Chinese travelers, the tariff news outweighed those concerns.
Used Car Boom Hurts Auto Trader
- The booming used car market has ironically hurt Auto Trader's revenue because dealers need less advertising.
- This led to a profit warning and a significant drop in Auto Trader's stock price, the biggest since 2016.