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- 🤝 Why Auto ETFs Enjoyed A Reprieve
🤝 Why Auto ETFs Enjoyed A Reprieve
Plus, insider moves are signaling confidence, and more
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Happy Thursday! Auto ETFs surged on news of a temporary tariff reprieve, but uncertainty looms as broader trade policies take effect next month. Here’s what’s at stake for investors — and how shifting trade dynamics could impact the sector. Also, corporate insiders’ acquisitive behavior may bode well for the market.
—Josh Enomoto
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MARKET RECAP
Yesterday: Stocks surged Wednesday as tariff relief for automakers lifted sentiment, with the S&P 500 rising 1.1% and the Nasdaq gaining 1.5%. Bond yields climbed as economic data showed resilient services activity despite weaker private payroll growth. Investors now turn to upcoming labor market reports for further direction.
On Our Radar: After reviewing wholesale inventories, analysts will be eagerly awaiting Friday’s jobs report to better determine economic health. On the earnings front, semiconductor giant Broadcom will release its Q1 results after Thursday’s closing bell.
TOP STORY
The tariff delay gave auto ETFs a short-term lift, but looming trade policies could shake up the sector’s outlook.
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FIVE ZINGERS
Doubling Down: Jim Cramer insists that the analysts who became pessimistic on cybersecurity specialist CrowdStrike got it wrong. Read the expert's core rebuttals.
Bronze Star: After struggling for traction, Southern Copper popped higher during the midweek session. Discover the technical lesson behind the sentiment reversal.
Executive Action: Shares of Intel moved lower on Wednesday following President Trump's call to end the CHIPS and Science Act. See what could happen if the legislation gets the axe.
Trimming Down: The Walt Disney Company is eliminating around 200 positions within its key media groups. Learn about the significant programming changes that are reportedly being made.
Low Times: After much progress in federal marijuana policy under President Biden, the Trump administration is less enthusiastic. Here's how Elon Musk could kickstart momentum.
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Editor’s Note: Last week, Tim Melvin released Alpha Buying, a report detailing the insider buying that, unlike most, is actually worth paying attention to. Here’s a sneak peek at the report:
Increasingly, we hear talk of uncertainty.
Every analyst and commentator you speak to right now seems to express concerns about all the uncertainty surrounding the “Flood the Zone” strategy the new president is using to remake Washington in his own image.
The surveys of business owners and consumers alike identify a high level of confusion at this moment in time.
If the talking heads are not discussing tariffs, then inflation is the topic of the day.
It seems the pesky stuff will not go away.
Egg aficionados are suffering sticker shock.
The relationship between the United States and the rest of the world appears to be changing dramatically and rapidly.
You have to wonder how many people DOGE and Donald can fire before the number of unemployed kicks off a decent little recession.
Add in valuations for the broader market in general and tech stocks specifically that passed nosebleeds mixing at warp speed several months ago, and it is easy to see why investors are reluctant to break out the checkbook.
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