Squawk on the Street There’s a New Tariff in Town, Taking a Toll, The New Berkshire? 2/19/25
Feb 19, 2025
Eamon Javers, a seasoned journalist known for his coverage of high-profile interviews, joins the discussion on the potential 25% tariffs proposed by President Trump, impacting sectors like autos and pharma. The conversation shifts to market reactions and significant earnings misses from companies like Toll Brothers. Javers dives into the implications of Bill Ackman’s move to create a 'modern-day Berkshire,' exploring how these major economic shifts might reshape investor sentiment and market strategies.
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Long-Term Longs Underperforming
- Some long-time popular long stocks are underperforming.
- These include Meta, Applovin, Reddit, Netflix, and Spotify, some of which have been retail favorites.
Pharmaceutical Industry Woes
- The pharmaceutical industry is underperforming, with Merck being a significant laggard.
- Meetings with the president are no longer viewed as positive for drug companies.
Toll Brothers Earnings Miss
- Toll Brothers missed earnings estimates, and their shares dropped.
- This is the first time they've been hurt during this housing run, despite making good homes.