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- 🥊 How Trump's Reciprocal Tariffs Could Impact The Economy
🥊 How Trump's Reciprocal Tariffs Could Impact The Economy
Plus, the stocks Cathie Wood is buying and selling, and more
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It’s Friday! Trump's push for reciprocal tariffs sparked debate over potential economic impacts, even as markets surged with the S&P 500 nearing record highs. Here’s what this shift in trade policy could mean for global markets — and how investors can position themselves. Also, read about the stocks Cathie Wood is buying and selling.
—Josh Enomoto
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MARKET RECAP
Yesterday: Stocks climbed Thursday as the Nasdaq led gains, shaking off inflation concerns despite hotter-than-expected wholesale prices in January. Materials and consumer discretionary sectors outperformed, while bond yields dipped as markets assessed the Fed’s next move. Investors now turn their attention to upcoming economic data and potential policy signals from the central bank.
On Our Radar: Next week will be holiday-shortened due to Presidents’ Day (officially Washington’s birthday). On the earnings front, analysts will await the results of Occidental Petroleum and Vulcan Materials, both releasing on Tuesday.
TOP STORY
Trump’s tariff plan aims to level the playing field by mirroring foreign duties, raising questions about its long-term impact on prices and trade relations.
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FIVE ZINGERS
Rise Above: Wall Street popped higher on Thursday despite the Producer Price Index sharply exceeding estimates in January, implying persistent inflation. Learn why risk appetite is back on.
Sales Jump: Coinbase posted Q4 financial results, generating revenue of $2.3 billion, up 88% against the prior quarter. Read about the "new era for crypto" that has the company excited.
High Roller: Wynn Resorts beat expectations for the top and bottom lines in its Q4 earnings report. Discover the properties that are driving demand.
Mixed Bag: Shares of software firm Twilio fell during afterhours trading following a mixed-bag earnings report. While the company beat on revenue, it missed its earnings target.
Bull Run: Robinhood stock skyrocketed on Thursday, with the underlying fintech platform posting better-than-expected Q4 results a day earlier. Here are the metrics where the company knocked it out of the park.
ONE FOR THE ROAD
On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Robinhood Markets Inc.(HOOD) and Deere & Co (DE).
Ark Invest sold 266,603 shares of Robinhood through ARK Innovation ETF (ARKK). This decision comes as Robinhood’s stock has been on an upward trajectory, with a closing price of $63.80 on Thursday, marking a 14.11% increase. The trade was valued at $17.01 million.
On Wednesday, Robinhood released its fourth-quarter earnings. The retail-centric trading platform reported revenue of $1.01 billion, marking an increase of 115% on a year-over-year basis. This was also a new company record. Cryptocurrency notional volumes swelled 400% on a year-over-year basis in the quarter. Gold subscribers rose 86%. Robinhood did not provide guidance for 2025 total operating expenses.
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