From Yahoo Finance: 2025-03-31 15:39:00

On March 28, US stocks fell due to Trump’s trade war and rising inflation fears. Dow Jones dropped 1.7%, S&P 500 fell 2%, and Nasdaq plummeted 2.7%. Personal Consumption Expenditures index showed higher-than-expected inflation, with prices rising 0.4% in February. Consumer sentiment also dropped to 57, the lowest since November 2022.

Trump confirmed plans to proceed with tariffs against Canada after a talk with PM Mark Carney. Stocks had a volatile week – starting strong on tariff hopes, then sharply declining after new auto import duties. Wall Street reacted negatively to Trump’s 25% car tariffs and hawkish trade war comments.

Market continued to decline on Thursday due to Trump’s 25% tariffs on foreign cars and harsher trade war stance. Broad reciprocal tariffs set to take effect on April 2. In response, US consumer sentiment fell to its lowest level since November 2022.

Snap Inc. (SNAP) is listed as one of the best stocks under $10 to buy. With a share price of $9.17, the company has 44 hedge fund holders. JMP Securities lowered SNAP’s price target to $14 but maintained a positive outlook, expecting SNAP to outperform the market. SNAP is ranked 3rd on the list of best stocks under $10.

JMP Securities reduced Snap Inc.’s price target from $16 to $14 based on revised financial projections. They predicted a 4x multiple on projected 2026 revenue of $6.8 billion. This represents an 11% increase year-over-year. Despite the lower target, JMP remains confident in SNAP’s performance.

While Snap Inc. (SNAP) ranks 3rd on the list of best stocks under $10, some AI stocks may offer higher returns. For investors seeking AI stocks with more potential, check out the report on the cheapest AI stock. SNAP’s potential as an investment is recognized, but some AI stocks may offer greater returns.

Read more: Is Snap Inc. (SNAP) The Best Stock Under $10 to Buy Now?