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Trump Shakes Up Markets With Tech Tariff Reprieve
Plus, stocks investors don't talk about yet that you should pay attention to, and more
Happy Monday! In a surprising shift, the White House has temporarily lifted tariffs on a number of tech products, sparking a swift reaction across global markets. While the move offers short-term relief, uncertainty still looms — which is why investors need to pay extra attention. Also, discover the stocks that are quietly attracting attention.
— Justin Giles
Plus, if you’re looking for a fresh take on LiDAR technology, check out today’s sponsor.
MARKET RECAP
Last Week: Stocks rose to cap a volatile week, boosted by strong gains in materials and the technology sector as earnings season kicked off. Consumer sentiment fell sharply amid rising inflation expectations linked to tariffs, though a pause in new levies may offer relief ahead. Bond yields climbed, the dollar weakened and oil prices rebounded. Finally, better-than-expected bank earnings supported a positive start to Q1 results.
On Our Radar: Multiple Federal Reserve officials will be speaking on Monday which can offer clues about the central bank’s policy outlook. On the earnings front, Johnson & Johnson, Bank of America and Citigroup will release results pre-market on Tuesday.
TOP STORY
In a surprise policy shift, the Trump administration has temporarily exempted major tech products from sweeping tariffs, offering unexpected relief to a number of top industry players.
SPONSORED CONTENT
Aeva Technologies Inc. (NASDAQ: AEVA) is striving to advance the self-driving vehicle market with its LiDAR sensors — and its efforts appear to be paying off.
The company reported year-over-year revenue growth for the fourth quarter and full year, narrowed its net loss and achieved several milestones, including the launch of the Aeva Atlas™ Ultra 4D LiDAR sensor. During the year, Aeva also expanded its collaboration with SICK and demonstrated the industry-first functional 4D LiDAR behind-windshield integration with an automotive partner.
And that’s not all. Aeva just inked a deal with a top OEM in the automotive market, which the company says builds on its momentum and continues to position itself as a leading supplier of next-generation sensing solutions for automated driving. To learn more about Aeva’s technology, click here.
This is a paid ad. Please see 17b disclosure here for more information.
FIVE ZINGERS
AI Investments: Nvidia and Alphabet are investing in Safe Superintelligence, the new AI startup co-founded by Ilya Sutskever, a former chief scientist at OpenAI. Click to explore how this partnership is shifting the AI chip market with a focus on Google's custom-built TPUs.
CarMax Boost: CarMax is gaining ground with improving sales and tighter operations—but a surge in new car prices from tariffs could reshape the game. Find out why analysts are split on the stock and how rising demand for used cars could fuel the next leg higher.
Musk Trouble: Elon Musk’s popularity has dropped sharply, with a majority of Americans now viewing him unfavorably amid political controversy and renewed ties to DOGE. See what’s driving the shift and what it could mean next.
Bitcoin Blunder: Peter Schiff critiques President Trump's Strategic Bitcoin Reserve, claiming it’s already down 12% since March 6. Click here to find out why Schiff believes Bitcoin is a dangerous bet for the U.S. economy.
Feel Flicks: Netflix is testing a new AI-powered search tool that lets users find content based on feelings, not titles—starting with iOS users in Australia and New Zealand. See how this OpenAI-backed feature could reshape the streaming experience.
SPECIAL OFFER
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Prologis Inc (PLD): The industrial and logistics real estate company saw increased interest from readers during the week.
The company is set to report first-quarter financials on April 16. Analysts expect the company to report earnings per share of $1.38, up from $1.28 per share in last year's first quarter. Prologis has beaten earnings estimates in three straight quarters.
Analysts expect the company to report first-quarter revenue of $2.04 billion, up from $1.83 billion in last year's first quarter. The company has missed analyst estimates for revenue in five straight quarters and seven of the past 10 quarters overall. Prologis will also host its annual shareholder meeting on May 8, which could provide back-to-back months of company news and catalysts.
To keep reading, and get the other Whisper Index stocks, sign up for Benzinga Edge here.
SPECIAL OFFER
Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs, and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.
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