On this episode of Stock Movers:
- Toyota (TM) shares are higher after President Trump agreed to a 15% tariff on automobiles imported from Japan, ending months of uncertainty and fueling a rally in shares of Japanese carmakers. The agreement should provide Japan’s automakers with relief and clarity, as they had been bracing for a 25% tariff on all cars and parts imported to the US, according to the text.
- Texas Instruments (TXN) is plunging after the company issued a third-quarter forecast that was more guarded than some investors had anticipated. The main concern is whether tariffs and trade disputes will hurt a sales resurgence, with executives acknowledging they don't know how much of the 16% revenue jump came from tariff-related "pull in."
- GoPro (GPRO) 1-800-Flowers.com (FLWS) and Krispy Kreme (DNUT) are all soaring in early trading on meme stock mania. Daniela Hathorn, senior market analyst at Capital.com, says the surges have been driven by a mix of social media buzz, short squeezes, and technical breakouts, despite little to no change in the companies' underlying business fundamentals. Hathorn adds, "Krispy Kreme seems to be the latest addition to the frenzy", with no significant news to justify the rally, just "sheer retail momentum".