Financial markets have been volatile due to Trump's tariffs, with winners and losers in stocks.
From CNBC: 2025-04-16 10:33:00
Financial markets have been volatile due to recession and trade war fears sparked by President Trump’s tariff plans. The S & P 500 had one of its most turbulent weeks in history, despite a 90-day pause on larger tariffs for most U.S. trade partners. The index is down nearly 8% year-to-date and 1.6% lower since March 13.
The CNBC Investing Club has made strategic moves in response to market turmoil, exiting positions in Nextracker, Alphabet, and GE Healthcare. The club has also purchased shares in companies like Eaton and Texas Roadhouse. Winners include CrowdStrike (up 18.1%), TJX (up 13.9%), and Costco (up 9.7%). Laggards include DuPont (down 19.3%), Bristol Myers (down 17.1%), and Starbucks (down 12.8%).
CrowdStrike saw gains due to a catch-up trade and positive analyst reviews. TJX benefited from supply chain disruptions caused by tariffs, while Costco’s stock rebounded after a decline. DuPont’s shares plummeted as a result of the trade war, while Bristol Myers struggled amidst tariff threats. Starbucks faced challenges from U.S.-China trade tensions and local competition.
Read more at CNBC:: Top 3 and bottom 3 Club stocks since Trump’s tariffs rocked the market