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- 🚚 The Street's Tariff Takes
🚚 The Street's Tariff Takes
Plus, a major breakfast chain is upcharging for eggs...


Happy Tuesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.
🟩 | US stocks rose today as Wall Street digested a fresh batch of earnings and tariff-related developments. More on the latter in a moment.
📈 | One Notable Gainer: Shares of Palantir Technologies (PLTR) were as indestructible as their namesake today, popping 24% on a monstrous (or perhaps elvish?) earnings beat.
📉 | One Notable Decliner: Estee Lauder (EL) couldn’t put lipstick on a pig. Its stock slumped 16% after warning of a sharp drop in sales and announcing 7,000 job cuts.
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S&P 500 Heatmap. Credit: Finviz

All Stock Heatmap. Credit: Finviz

Global ADR snapshot. Credit: Finviz
MARKET MOVERS
PayPal, Marathon, Merck & Co
PYPL (-13.2%) PayPal shares slip as growth slows in card processing (CNBC)
MPC (+6.7%) Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness (Reuters)
MRK (-9.1%) Merck’s struggles with HPV vaccine send stock to worst selloff in almost 17 years (MarketWatch)
SMCI (+8.6%) Super Micro Stock Jumps. Why SMCI Finally Might Have Some News for Investors. (Barron’s)
KKR (-8.5%) KKR Q4 earnings top consensus, assets under management disappoint (SeekingAlpha)
OVERHEARD ON THE STREET
AP: China responded to US tariffs with its own levies on American imports and an antitrust investigation into Google.
BBC: Trump agreed to pause tariffs on Canada as both countries work together on addressing issues like organized crime and fentanyl trafficking.
Reuters: US job openings fell by 556,000 in December, the most in 14 months, but steady hiring and low layoffs suggest the slowdown remains gradual.
CNBC: GM is laying off half of the remaining Cruise staff after discontinuing its robotaxi business, in which it has invested $10B since 2016.
Bloomberg: Over 20,000 federal workers accepted Musk's buyout offer, with about 1% of the workforce quitting in exchange for a deferred resignation deal.
TOMORROW’S TRADE IDEA, TODAY

The Street’s Tariff Takes
Concern or Confidence?
President Donald Trump’s long-promised tariffs finally arrived this week — and with them, market turbulence.
On Saturday, Trump levied tariffs against several of America’s biggest trade partners: 25% on goods imported from Canada and Mexico, and 10% on those from China.
Stocks fell sharply across the board — then rebounded after the president struck a deal with the former two nations to pause the tariffs for a month in exchange for a stricter crackdown on drug smuggling.
So what should investors be feeling: concern or confidence? Here’s what the Street is saying.
Wall Street Says
According to Goldman Sachs’ (GS) David Kostin, if tariffs persist, companies will face a hard choice: either absorb the costs and sacrifice margins, or pass costs onto consumers and risk sales volume. However, he did offer a third door, where companies ask suppliers to absorb the added cost by lowering prices.
UBS’ (UBS) Mark Haefele believes that the pause shouldn’t make investors too comfortable. The analyst argues volatility will persist until investors get a clear picture of what US trade policy will actually look like over the long term.
Finally, Michael Wilson of Morgan Stanley (MS) believes investors should look for ways to opt out of the turbulence altogether. He advocates for focusing on stocks less likely to be directly impacted by tariffs, such as those in the services sector and consumer goods companies with pricing power.
Steer Clear
For those seeking specifics, Goldman Sachs said to steer clear of these stocks: Nike (NKE), Ford (F), Canada Goose (GOOS), and Dick’s Sporting Goods (DKS). The bank believes they have the potential to be the biggest tariff losers, given their reliance on international manufacturing.
According to Piper Sandler, Constellation Brands (STZ) is another stock that could face serious headwinds. The beverage conglomerate owns the US rights to Modelo and Corona. Restrictions on Mexican imports could hurt revenue.
Nothing is certain on Wall Street — and that goes double for President Trump’s trade policies. But whether the uncertainty breeds instability or opportunity remains to be seen.
How concerned are you about tariffs over the next 12 months? |
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ON OUR RADAR
CNBC: As Trump explores ways to dismantle the Education Department, over 42M federal student loan borrowers face uncertainty.
WSJ: RFK Jr. cleared the committee vote, advancing his nomination for Health Secretary to the full Senate.
CNN: Waffle House is adding a $0.50 surcharge per egg to orders due to the nationwide rise in egg prices caused by avian flu.
MONDAY’S POLL RESULTS
Are you bullish or bearish on Oddity (ODD) over the next 12 months?
🟨🟨🟨🟨🟨⬜ 🐂 Bullish
🟩🟩🟩🟩🟩🟩 🐻 Bearish
And, in response, you said:
🐻 Bearish —
“Don’t believe everything you hear.”
“I tend to shy away from industries where trends can raise or sink a ship.”
Last Words From Our Sponsors
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