⚠️ No sector is safe from tariffs

Good evening. U.S. stocks slipped after new data showed inflation running hotter than expected. On top of that, consumer sentiment dropped, with long-term inflation expectations hitting their highest level since 1993. Toss in rising anxiety over Trump’s upcoming tariffs, and it’s no surprise investors are feeling the heat.

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Market data: today’s market close

WINNERS

⬆︎7.53% W R Berkley

One insurer is betting big on another. Japan’s Mitsui Sumitomo Insurance plans to take a 15% stake in W.R. Berkley by buying shares on the open market. The Berkley family isn’t selling, and the company isn’t issuing new shares. (Insurance Journal)

⬆︎4.08% Applovin

Yesterday, the mobile advertising platform’s stock dropped 20% after a short seller claimed the company was overstating how well its ad platform works. CEO Adam Foroughi responded by urging investors to “dig deeper,” saying the claims could easily be disproven with AI tools. He also brought in a law firm to look into the situation. (CNBC)

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Market data: today’s market close

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LOSERS

⬇︎4.89% Google

Google agreed to pay $100 million to settle a long-running lawsuit over how it handled advertising charges more than a decade ago. Advertisers had accused Google of overcharging them and breaking promises on discounts and ad placement. (Yahoo)

⬇︎5.39% Paypal

A European lawmaker suggested the company could be hit with new fees or tariffs as part of growing U.S.-EU trade tensions. Investors thought digital payment companies like PayPal usually avoid these kinds of trade disputes. Turns out, no sector is safe. (MSN)

⬇︎14.19% Lululemon

🛎️ Earnings report - The athleticwear brand posted strong earnings for last quarter, but warned that cautious U.S. consumers could slow growth this year. While global sales look solid and new styles are landing well, the mix of inflation worries and tariff pressure left investors spooked. (CityNews Halifax)

⬇︎51.68% Wolfspeed

Speculation is growing over whether Wolfspeed will receive $750 million in grants and $1 billion in tax credits it had been expecting from the CHIPS Act, a Biden-era program for U.S. chipmakers. The funding wasn’t approved before Biden left office, and Trump now wants to scrap the law. (Seeking Alpha)

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Market data: today’s market close

EXTRA

STOCKTWITS

You can track these stocks on Stocktwits using the following symbols: $WRB ( ▼ 6.91% ), $APP ( ▼ 16.27% ), $GOOG ( ▼ 3.2% ), $PYPL ( ▼ 5.41% ), $LULU ( ▲ 3.15% ) & $WOLF ( ▼ 2.58% ).

THE END

That’s it for today’s recap. We hope you found it valuable.

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