에 대한 최신 뉴스 Under Armour (NYSE:UAA) 주식

UNDER ARMOUR INC-CLASS A

Under Armour

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and elsewhere. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. The Baltimore-based company was founded in 1996 and is led by controlling shareholder Kevin Plank.

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아시아 태평양 지역에서 의류 제품을 생산하는 브랜드들은 도널드 트럼프 대통령의 상호관세 계획의 영향을 완화할 수 있는 방법을 모색하고 있을 가능성이 높다. 

트럼프 관세, 나이키·언더아머·VF에 타격...랄프로렌·풋락커는 안전할까?

Nike Inc. NKE

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COLM

LULU

ONON

목요일(3일) 경제학자 피터 쉬프는 나이키(NYSE:NKE)가 새로 부과된 관세에도 불구하고 생산을 미국으로 이전하지 않을 것이라고 경고하면서 신발 대기업 나이키의 가격 상승과 미국 국내 판매 감소를 예측했다. 

피터 쉬프 &#34;나이키는 미국에 공장 짓지 않을 것...중국 등에 판매하면 그만&#34;

Asia

ADDYY

DECK

PMMAF

도널드 트럼프가 제안한 수입 관세가 운동화 제조업체와 소매업체에 큰 영향을 미칠 것이라는 우려가 운동화 업계를 휩쓸고 있다. 이러한 잠재적인 정책은 특히 아시아 제조 허브에 크게 의존하는 기업들에게 영향을 미칠 수 있다.무슨 일이 일어났을까? 트럼프 대통령이 모든 수입품에 20% 관세를 부과하고 특히 중국산 제품에 60%의 고율 관세를 부과하겠다고 밝힌 후 업계 리더들은 충격에 대비하고 있다. 이미 상당한 수입 관세를 부담하고 있는 신발 부문은 생산 비용이 더욱 급증할 수 있다.

트럼프 2기 행정부 들어서면 나이키 운동화 비싸질까?

Under Armour Inc

BioNTech SE&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>)&nbsp;on Monday reported a first-quarter per-share loss of $1.82 (1.73 euros), up from 1.31 euros reported a year ago compared to beating <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $2.02</a>.
The COVID-19 vaccine maker reported sales of $192.23 million (182 million euros), compared to 187 million euros, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45190192/biontech-announces-first-quarter-2025-financial-results-and-corporate-update" rel="noreferrer noopener">the consensus of $177.40 million</a>.
Revenues during the first quarter of 2025 were mainly driven by revenues derived from BioNTech&#8217;s COVID-19 vaccine collaboration.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44535393/european-patent-office-rules-vaccine-developer-curevacs-amended-patent-valid-stock-jumps" rel="noreferrer noopener">European Patent Office Rules Vaccine Developer CureVac&#8217;s Amended Patent Valid, Stock Jumps</a>
&#8220;Our revenues for the first quarter reflect the seasonal demand for COVID-19 vaccines and are in line with our expectations,&#8221;&nbsp;said Jens Holstein, CFO of BioNTech. &#8220;BioNTech&#8217;s robust financial position empowers us to pursue our strategic goal of evolving into a leading biotech company with multiple oncology products by 2030.&#8221;
Cost of sales was 83.8&nbsp;million euros compared to 59.1&nbsp;million&nbsp;a year ago, mainly due to a positive impact of an inventory revaluation in the first quarter of 2024.
Research and development expenses were 525.6&nbsp;million euros compared to 507.5&nbsp;million euros a year ago. The increase was mainly driven by progressing late-stage clinical studies for candidates in BioNTech&#8217;s ADC and antibody portfolio.
Cash and cash equivalents plus security investments&nbsp;as of March&nbsp;31, 2025, reached 15.85 billion euros.
<h2 class="wp-block-heading">CFO Appointment</h2>
BioNTech appointed Ramón Zapata-Gomez to the Management Board on Monday as Chief Financial Officer, effective July 1, 2025. He will join BioNTech from Novartis AG&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) global biomedical research organization, where he has been serving as CFO since 2022. Ramón Zapata will succeed Jens Holstein, who, as previously planned and announced, will retire at the end of his term <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45189869/biontech-announces-appointment-of-ram-n-zapata-to-management-board-as-chief-financial-officer" rel="noreferrer noopener">on June 30, 2025</a>.
<h2 class="wp-block-heading">Guidance For 2025</h2>
BioNTech <a target="_blank" href="https://www.benzinga.com/general/biotech/25/03/44220746/pfizers-covid-19-shot-partner-biontech-reports-q4-profit-but-2025-guidance-falls-short-on-expectations" rel="noreferrer noopener">reaffirmed its fiscal year 2025</a> guidance of 1.7 billion-2.2 billion euros compared to the consensus of 2.08 billion euros and revenue phasing similar to 2024, primarily concentrated in the last three to four months, driving the full-year revenue figure. The revenue guidance assumes:
<ul>
<li>Relatively stable vaccination rates, pricing levels, and market share compared to 2024.</li>
<li>Estimated inventory write-downs and other charges by BioNTech&#8217;s collaboration partner Pfizer Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) that negatively influence BioNTech&#8217;s revenues.</li>
<li>Anticipated revenues from a pandemic preparedness contract with the German government.</li>
<li>Anticipated revenues from the BioNTech Group service businesses.</li>
<li>Potential changes to the law or governmental policy, including tariffs, public health policy, and evolving public sentiment worldwide, could further negatively impact our anticipated revenues and expenses.</li>
</ul>
BioNTech expects to focus investments on R&amp;D and scaling the business for late-stage development and commercial readiness in oncology while remaining cost-disciplined.
As part of BioNTech&#8217;s strategy, the Company may continue to evaluate appropriate corporate development opportunities to drive sustainable long-term growth and create future value.
Price Action: BNTX stock is down 3.65% at $101.11 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45200539/alibabas-ant-group-eyes-hong-kong-ipo-for-ant-international-as-it-pushes-forward-with-fintech-growth" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s Fintech Arm Ant Group Eyes Hong Kong IPO For Ant International</a></li>
</ul>
Photo Marcus Krauss via Shutterstock

Biotech

Earnings

Guidance

Health Care

Management

Movers

General

BNTX

BioNTech Appoints Novartis Executive As Finance Chief, Reaffirms 2025 Outlook Focusing on Oncology Expansion

UBS analyst Douglas Harter maintains Redwood Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWT#NYSE">RWT</a>) with a Buy and raises the price target from $6.5 to $7.

Price Target

UBS Maintains Buy on Redwood Trust, Raises Price Target to $7

Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) will likely focus on the future launch of its R2 vehicle when presenting first-quarter financial results after<a href="https://www.benzinga.com/earnings"> market close Tuesday.</a>
Here are the earnings and revenue estimates, what analysts are saying ahead of the report and key items to watch.
Earnings Estimates: Analysts expect Rivian to report first-quarter revenue of $1.0 billion, down from $1.2 billion in last year's first quarter according to data<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0505"> from Benzinga Pro.</a>
Rivian beat the analyst estimate for revenue in the fourth quarter and has beaten analyst estimates in seven of the last 10 quarters.
Analysts expect Rivian to report a first-quarter loss of 76 cents per share, an improvement from a loss of $1.24 in last year's first quarter.
Rivian beat the analyst estimate for earnings per share in the fourth quarter and has beaten analyst estimates in seven of the last 10 quarters.
Read Also: <a href="https://www.benzinga.com/news/management/25/05/45180224/these-ev-makers-could-shine-if-musk-leaves-tesla">These EV Makers Could Shine If Musk Leaves Tesla</a>
What Analysts Are Saying: Analysts have been lowering the price target on Rivian stock ahead of first-quarter financial results.
Piper Sandler analyst Alexander Potter <a href="https://www.benzinga.com/25/03/44423177/rivian-analyst-downgrades-stock-with-triple-whammy-of-policy-risk-no-catalysts-in-2025">downgraded the stock</a> from Overweight to Neutral and lowered the price target from $19 to $13.
The analyst said Rivian&#8217;s outlook in the coming years is favorable, but it faces a short-term outlook that won't excite investors and several potential negative headwinds.
Potter said Rivian has &#8220;no catalysts in 2025.&#8221;
&#8220;We struggle to identify upside catalysts in 2025. In 2026, investors can look forward to the R2 launch and (maybe) JV customer wins,&#8221; Potter said.
The analyst said the lower-priced R2 launch is vital to Rivian stock, but doesn't launch until 2026.
While Rivian gets downgraded, Potter noted the stock is Piper&#8217;s favorite Neutral-rated stock in the sector.
&#8220;We like Rivian&#8217;s strategy, particularly self-reliance in electronics and software.&#8221;
Potter said along with Rivian having no catalysts in 2025, the company faces a potential &#8220;triple-whammy&#8221; of policy risk that could happen in 2025 or beyond.
There are three policy risks to consider: the Trump administration could pull Rivian's Department of Energy loan funding; the $7,500 EV tax credit could be canceled; and CARB (California Air Resources Board) could lose the ability to regulate emissions, which could hurt credit revenue.
Here are other recent <a href="https://www.benzinga.com/quote/RIVN/analyst-ratings">analyst ratings on Rivian </a>and their price targets:
<ul>
<li>JPMorgan: Maintained Underweight rating, lowered price target from $11 to $10</li>
<li>Baird: Maintained Neutral rating, lowered price target from $16 to $14</li>
<li>Goldman Sachs: Maintained Neutral rating, lowered price target from $14 to $12</li>
<li>UBS: Maintained Neutral rating, lowered price target from $14 to $12</li>
<li>Mizuho: Maintained Neutral rating, lowered price target from $11 to $10</li>
</ul>
Key Items to Watch: Analysts could ask questions about Rivian&#8217;s recent addition to the board of directors. The appointment of Coherent Corp co-founder and CEO Aidan Gomez <a href="https://www.benzinga.com/25/04/44934176/rivian-taps-ai-expert-aidan-gomez-to-drive-innovation-advanced-technology-integration">as a board member</a> could signal a larger focus on AI.
Investors and analysts could be looking for more commentary on Rivian's technology and AI, which could be underappreciated given its current lower vehicle production than other competitors.
Rivian <a href="https://www.benzinga.com/25/04/44608286/why-ev-maker-rivian-automotives-stock-is-plunging-today">previously announced </a>8,640 vehicle deliveries in the first quarter, which was down 36.4% year-over-year. The company has reaffirmed its full-year 2025 delivery guidance of a range of 46,000 to 51,000 vehicles.
Analysts and investors will want to see this guidance maintained and would also love more color on an early look at 2026 delivery estimates with the R2 scheduled for deliveries in the first half of 2026.
Rivian previously announced it was opening up its delivery van orders to customers outside of early investor and partner Amazon.com Inc. The company recently announced it has<a href="https://www.benzinga.com/25/04/44859742/rivian-delivers-70-fleet-vehicles-to-hellofresh-after-ending-exclusive-amazon-deal"> signed a deal </a>with meal kit company HelloFresh for 70 Rivian vans to be added to its commercial vehicle fleet.
The electric vehicle company will likely be asked to comment on the impact tariffs and the new White House administration could have on upcoming production and deliveries. Rivian produces the majority of its vehicles in the United States, but it could be impacted by the end of tax credits for electric vehicles.
In recent interviews, Rivian CEO RJ Scaringe<a href="https://www.benzinga.com/trading-ideas/25/04/44598035/rivian-ceo-says-us-needs-more-under-50k-evs-to-catch-up-to-china-you-have-to-have-the-plumbing-right" target="_blank" rel="noopener"> has shown confidence </a>in the R2 launch and called for the EV sector to have more vehicles under the $50,000 price point. The R2 is expected to have a starting price of around $45,000.
Scaringe will likely share his belief that this vehicle launch is critical for Rivian's financial future and for the EV sector at large.
RIVN Price Action: Rivian stock is down 1.9% to $13.56 on Monday versus a 52-week trading range of $9.25 to $18.86. Rivian stock is up 2.8% year-to-date in 2025 and up 31.8% over the last year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/25/04/45014243/bezos-vs-tesla-vs-rivian-stock-company-backed-by-amazon-founder-can-turn-20k-ev-truck-into-suv">Bezos Vs. Tesla Vs. Rivian Stock? Company Backed By Amazon Founder Can Turn $20K EV Truck Into SUV</a></li>
</ul>
Photo: Shutterstock

Analyst Color

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Reiteration

RIVN

Rivian Q1 Earnings Preview: All Eyes On R2 Launch, Analyst Says 'No Catalysts In 2025'

Bank Of America Securities analyst Michael McGovern reaffirmed a Buy rating on DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) with a price forecast of $235 ahead of <a href="https://www.benzinga.com/quote/DASH/analyst-ratings" target="_blank" rel="noreferrer noopener">earnings release on 7th May</a>.
The analyst writes that BSM data indicates DoorDash&#8217;s growth decelerated 90bps sequentially in the first quarter (vs. consensus <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">estimate of deceleration of 160bps)</a>.
Also, the data reveals that April growth accelerated year over year by 110bps, despite the negative impact of Easter&#8217;s timing (Visible Alpha&#8217;s consensus of a 110bps deceleration for the second quarter), adds the analyst.
Also Read: <a href="https://www.benzinga.com/news/earnings/25/04/45058659/dominos-is-fine-with-doordash-eyes-full-national-rollout-for-q2-ceo-says-pizza-giants-strategy-is-to-meet-customers-where-they-are" target="_blank" rel="noreferrer noopener">Dominos Is &#8216;Fine&#8217; With DoorDash, Eyes Full National Rollout For Q2: CEO Says Pizza Giant&#8217;s Strategy Is To &#8216;Meet Customers Where They Are&#8217;</a>
The analyst estimates GOV/EBITDA at $23 billion/$582 million, slightly above the Street consensus of $22.9 billion/$586 million.
McGovern estimates a 5.6% incremental EBITDA margin on GOV, with higher contribution of high-growth New Verticals.
The analyst cited key topics for the call, including ROO&#8217;s proposal, Western Europe competition, tariff impact, and regulations.
McGovern expects the second quarter GOV to be $23 billion-$23.4 billion and the EBITDA to be $580 million-$630 million.
The analyst anticipates typical management caution due to Easter timing (-1ppt growth), potential dollar weakness, and a focus on stronger EBITDA margin improvement in the second half.
Price Action: DASH shares are up 0.44% at $206 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/45166629" target="_blank" rel="noreferrer noopener">Wendy&#8217;s Sizzles Abroad, But US Sales Leave Investors Cold</a></li>
</ul>
Image: Diego Thomazini, Shutterstock

Large Cap

DASH

DoorDash's Growth Picks Up Speed Despite Holiday Headwinds: Analyst

JPMorgan analyst Ryan Brinkman raised the price forecast for auto tech company Visteon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) from $90 to $97.
Brinkman kept a Neutral rating following the company&#8217;s <a href="https://www.benzinga.com/quote/VC/analyst-ratings" target="_blank" rel="noreferrer noopener">first-quarter results reported in April</a>.
The company reported adjusted EPS of $2.40, which exceeded the $1.88 estimate, and sales of $934 million, which exceeded<a href="https://www.benzinga.com/pressreleases/25/04/n44974849/visteon-announces-first-quarter-2025-financial-results" target="_blank" rel="noreferrer noopener"> the $910.98 million projection</a>.
The company withdrew full-year guidance, citing uncertainty <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">in the automotive industry</a>.
The analyst writes that the earnings showed slightly better revenue (+10% Growth over Market despite significant headwinds in China) and after adjusting for one-time commercial settlements, the underlying EBITDA still solidly beat expectations.
Despite withdrawn guidance, Brinkman raised the estimates thanks to strong new business <a href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report" target="_blank" rel="noreferrer noopener">and improved tariff regulations</a>.
Management hinted at updated guidance as visibility improves, which the analyst believes is now the case.
Overall, the analyst estimates EBITDA of $440 million (up from $435 million prior) for 2025, and $455 million (from $450 million prior) for 2026.
Brinkman says that the company is well-positioned to capitalize on the increasing integration of driver information systems and infotainment systems and the ongoing trend of fewer electronic control units facilitated by their SmartCore product.
Investors can gain exposure to the stock via&nbsp;First Trust SMID Capital Strength ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSCS#NASDAQ">FSCS</a>) and WisdomTree U.S. SmallCap Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EES#NYSE">EES</a>).
Price Action: VC shares are up 1.54% at $81.12 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/45006138/smarter-cars-ahead-visteon-qualcomm-unveil-ai-cockpit-system" target="_blank" rel="noreferrer noopener">Visteon, Qualcomm Unveil AI Cockpit System For Smart Cars</a></li>
</ul>

Small Cap

Tech

FSCS

Visteon Navigates China Headwinds, Wins JPMorgan Analyst Nod

As a fast-food icon, McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is structurally built for resisting recessionary conditions, offering nourishing meals and beverages conveniently and at relatively low prices. But even the Golden Arches couldn't overcome the unique <a href="https://www.benzinga.com/25/05/45159157/mcdonalds-ceo-the-us-economy-is-dividedlow-income-traffic-down-10-while-rich-diners-continue-to-spend">pressures of the current economic paradigm</a>. Nevertheless, market demand for MCD stock remains hot, facilitating a possible contrarian bullish opportunity.
Last Thursday, McDonald's released its first-quarter earnings report, which revealed <a href="https://www.benzinga.com/general/restaurants/25/05/45177147/mcdonalds-stumbles-on-weak-traffic-despite-margin-gains-and-analyst-optimism">disappointing sales trends</a> in both U.S. and international markets. Domestically, revenue fell 3.6% for the three months through March 2025, primarily due to weaker traffic from lower and middle-income groups. It should be noted, though, that spending from upper-income households remained strong.
On the international front, operations face headwinds as the management attempts to deliver value offerings and expand market share. Predictably, anti-American sentiment has risen in parts of Northern Europe and Canada. That, combined with the economic <a href="https://www.reuters.com/business/mcdonalds-global-sales-post-surprise-drop-tariff-chaos-hits-consumer-confidence-2025-05-01/">uncertainty</a> at home stemming from President Donald Trump's tariff policies, has taken a bite out of McDonald's financial performance.
Still, there are encouraging signs that shouldn't be ignored. Beyond the continued support of higher-income customers, McDonald's is seeing traction with its $5 meal deal, which will be extended through year-end.
On a much bigger level, President Trump — despite tough rhetoric — has <a href="https://www.benzinga.com/news/25/04/44886711/trump-expresses-reluctance-to-escalate-china-tariffs-hints-at-trade-deal">previously wavered on sustained, full-throttle tariffs</a>. This dynamic suggests that the White House is at least aware of the political consequences of a persistently downbeat economy. As such, it wouldn't be unreasonable to be contrarian on MCD stock in the hopes of cooler heads prevailing.
<h2 class="wp-block-heading">Betting On The Statistical Edge Of MCD Stock</h2>
Professional blackjack players often deploy a strategy called card counting. Basically, the idea is that in a standard, shuffled deck with no counting or manipulation, the house has a slight edge (typically around half-a-percent). However, under certain circumstances, the deck becomes hot — resulting in a higher proportion of high-value cards. This dynamic shifts the odds in the bettor's favor, incentivizing larger wagers.
Publicly traded securities often follow a similar logic. Under any given circumstances, a stock may have a baseline probability of long-side success. One can squabble over the details but for a typical blue chip, the odds a long position will be profitable in a week's time is about 51% to 52%. It's not nothing, but it's also not anything to get excited about.
That said, there are certain circumstances when the deck gets hot. When it does so, an incentive materializes to take an aggressive wager.
In the past 10 weeks, MCD stock printed a "6-4" sequence: six weeks of upside interspersed with four weeks of downside, with an overall net positive trajectory across the period. From a technical interpretation, MCD has shown a <a href="https://www.benzinga.com/general/restaurants/25/04/45113728/mcdonalds-technicals-show-appetite-for-more-gains-ahead-of-earnings">strong uptrend</a>, indicating robust momentum and buying strength.
What makes the demand sequence empirically significant, though, is that in 60.71% of the times the pattern flashes, MCD stock has popped higher in the following week. For context, MCD already favors long-side speculation, with the baseline one-week probability standing at around 56%.
With the deck being hot, traders have an opportunity to go against the implications of McDonald's disappointing first-quarter earnings report. It just might be the smarter move.
<h2 class="wp-block-heading">An Aggressive Strategy for a Stable Blue Chip</h2>
Based on historical trends following the 6-4 sequence, if the positive pathway materializes, MCD stock could hit a peak median price of over $323 over the next three weeks before tapering off. On the other end, should the bears win, MCD risks a gradual deflating until leveling off at around $313.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/05144803/MCD-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-902033" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/05144803/MCD-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/05144803/MCD-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/05144803/MCD-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/05144803/MCD-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
Considering the higher statistical likelihood of upside, aggressive speculators may consider the 320/322.50 bull call spread expiring May 16. This transaction involves buying the $320 call and simultaneously selling the $322.50 call, for a net debit paid of $116. Should MCD stock rise through the short strike price of $322.50 at expiration, the maximum reward stands at $134, a payout of 115.52%.
What makes this trade so aggressive — and thus so rewarding — is the narrow window of profitability. Currently, the trade's breakeven price is $321.16, about 1.43% above the time-of-writing price. Therefore, MCD stock must hit the mark or exceed for speculators to win.
Of course, the idea here is that empirically, the 6-4 sequence puts the odds in favor of the bettor. It doesn't guarantee anything. However, this trade leverages market intelligence, facilitating more confidence in the decision-making process.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45178663/smart-money-buys-anet-stock-call-options-bounce-signal">Options Corner: Smart Money Traders Charge In as Arista Networks Hits Potential Bounce Signal</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Options

Options Corner: McDonald's Signals A 'Hot Deck' For Aggressive Speculators

Sen. Rand Paul (R-KY) isn't buying President Donald Trump's latest explanation for how tariffs will benefit Americans. In fact, he's calling out what he sees as a major contradiction.
<h2 class="wp-block-heading">Tax Cuts to Soften Tariff Blow?</h2>
After Trump suggested cutting or even eliminating federal income taxes for Americans making under $200,000, Paul fired back on <a href="https://x.com/RandPaul/status/1916982342213574726">X</a>. Quoting a headline from <a href="https://thehill.com/business/domestic-taxes/5270339-trump-floats-income-tax-cut-to-ease-tariff-impact/">The Hill</a>, Paul wrote, &#8220;Wasn't the pro-tariff crowd trying to tell us tariffs wouldn't increase the cost of goods? Sure seems like an admission&#8230;&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Wasn't the pro-tariff crowd trying to tell us tariffs wouldn't increase the cost of goods? Sure seems like an admission…<a href="https://t.co/vVk6PWZHCJ">https://t.co/vVk6PWZHCJ</a>
&mdash; Rand Paul (@RandPaul) <a href="https://twitter.com/RandPaul/status/1916982342213574726?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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In a Sunday <a href="https://truthsocial.com/@realDonaldTrump/posts/114410073592204291">post</a> on Truth Social, Trump floated the idea of income tax relief as a way to soften the blow of his aggressive trade policies. &#8220;When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe even completely eliminated,&#8221; he wrote. &#8220;Focus will be on people making less than $200,000 a year.&#8221;
Paul has been critical of Trump's approach to trade for years, and he doubled down in recent interviews.
&#8220;It's backwards and upside down,&#8221; Paul told <a href="https://www.youtube.com/watch?v=iuUECPxrjVU">CNBC</a> last month. &#8220;The fallacy is this: that somehow in a trade, someone must lose &#8230; that China's ripping you off or Japan's ripping you off.&#8221;
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<h2 class="wp-block-heading">Paul Pushes Back on Tariff Logic</h2>
To Paul, trade is not a competition with winners and losers. It's cooperation. &#8220;Every trade that occurs in the marketplace is mutually beneficial,&#8221; he said. &#8220;If you want to sell me your coat and I give you $200 for it, we both agree to it and we're both happy with the trade.&#8221;
He added, &#8220;I have a trade deficit with my grocery store.&#8221;
Trump has leaned into a different view, framing international trade deficits as proof that the U.S. is being taken advantage of. &#8220;They ripped us off left and right. But now it's our turn to do the ripping,&#8221; he <a href="https://www.youtube.com/watch?v=oR3ouMYLPT8">said</a> at last month&#8217;s National Republican Congressional Committee dinner.
Paul isn't just poking holes in Trump's logic—he's also worried about the economic fallout. He said Trump's tariffs could hurt Americans' retirement savings and slow the economy. &#8220;The higher the trade deficits, the more prosperity. The lower the trade deficits, the less prosperity,&#8221; he said.
See Also: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
He also blasted Trump's math behind the tariff rates. According to Paul, the administration's so-called &#8220;reciprocal&#8221; tariffs are <a href="https://www.benzinga.com/markets/25/04/44678625/did-trump-team-manipulate-tariff-formula-to-achieve-higher-rates-experts-weigh-in-as-they-think-whole-thing-was-rigged">based on flawed calculations</a>.&nbsp;
Paul brought up Trump's frequent claim that Canada charges a <a href="https://www.benzinga.com/news/25/03/44326649/does-canada-really-have-a-250-tariff-in-place-on-us-dairy-products-imported-into-canada-here-are-the-facts">270% tariff on U.S. dairy</a> products. &#8220;Well, you know what the real tariff is? Zero,&#8221; Paul said.
While <a href="https://www.benzinga.com/markets/equities/25/04/45027881/trumps-approval-plummets-as-tariffs-bite-americans-expect-skyrocketing-prices-and-shrinking-wallets">polls show</a> that the majority of Americans expect Trump's tariff policies to raise consumer prices, Trump maintains that his strategy is delivering results. He claims new factories and jobs are being created and calls the shift a &#8220;BONANZA FOR AMERICA.&#8221;
Paul, meanwhile, remains unconvinced. &#8220;We have to start talking about the truth,&#8221; he told CNBC.
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Image: Shutterstock

'Sure Seems Like An Admission'—Rand Paul Asks, 'Wasn't The Pro-Tariff Crowd Trying To Tell Us Tariffs Wouldn't Increase The Cost Of Goods?'

If you have been around the energy markets long enough, you know crude oil has a flair for the dramatic.
When it sells off, it does not just trickle down; it falls off a cliff.
The rebound is vicious, fast and usually overdue when it finally wakes up. The trick, as always, is understanding the cycles, not panicking in the downtrend, and positioning for the inevitable rebound.
That is especially true for one of my favorite corners of the energy market: mineral royalty trusts and non-operator oil and gas interests. These are the little guys who do not drill a thing but still get paid when the oil flows.
All this is happening again right now. 
It's setting you up for the best income trade in a decade.
Let us walk through the big oil busts of the last few decades in the late 1990s: the 2008 crash, the 2014 to 2016 wipeout, and, of course, the COVID collapse of 2020.
I want to talk about what happened, how long sentiment stayed sour and what eventually got prices off the mat. Then, we will dig into what all that meant for the royalty trusts and non-operators and how their dividends held up (or not), how the market treated them, and what happened when oil came roaring back.
<h2 class="wp-block-heading">1998: The Asian Flu And The $10 Barrel</h2>
In the late 1990s, OPEC had a problem. They pumped too much oil, thinking Asia would keep consuming it. However, when the Asian financial crisis hit, demand cratered, inventories ballooned, and prices dropped like a rock.
Brent went as low as $10, and nobody wanted to touch an oil stock with a ten-foot pole.
Royalty trusts got smashed. Cash flows dried up, distributions were cut, and unit prices plunged. Investors were left staring at trailing yields in the teens, but those payouts were not sticking around.
Most trusts saw 50% or more wiped off their market capitalizations. However, by late 1999, OPEC got its act together and cut production. Inventories fell, demand slowly came back, and oil doubled. Royalty trust distributions rebounded quickly, and anyone who had the courage to buy when it all looked hopeless got rewarded in a big way.
<h2 class="wp-block-heading">2008: Peak Oil Euphoria Meets Lehman Brothers</h2>
By mid-2008, oil was $147 a barrel and people were chanting "peak oil" like it was gospel.
Then, the financial system imploded.
Demand evaporated, oil crashed to $30 and panic spread. Trust distributions went over the cliff.
Sabine Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>) cut payouts by more than 50% in a single month.
Prices followed. These income names saw unit values drop 70% or more.
Yields were sky-high on paper, showing 20% or even 30%, but those were based on past payouts that had already been slashed. For most of 2009, distributions were a shadow of their former selves.
However, when the smoke cleared, oil demand returned, OPEC slashed production, and oil started climbing again. Trust distributions bounced, unit prices doubled or tripled off the lows and yields normalized in the high single digits.
Patience paid off.
<h2 class="wp-block-heading">2014 To 2016: The Shale Tsunami</h2>
This one was different. It was not a demand crash. It was too much U.S. shale oil.
OPEC got tired of losing market share and let prices fall from $115 in mid-2014 to under $30 by early 2016. Oil was in freefall for almost two years.
That stretched the pain out.
It was Drill, Baby, Drill Gone Bad, The Prequel.
Royalty and non-op names bled out slowly. Distributions did not collapse all at once&#8230;they just shrank quarter by quarter.
Permian Basin Royalty Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBT#NYSE">PBT</a>) payout dropped by two-thirds.
PrairieSky (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PREKF#OTC">PREKF</a>) and Freehold slashed their dividends.
The market priced them accordingly.
Yields dropped, unit prices got hammered, and by 2016, it was hard to find anyone still bullish.
Then OPEC and Russia teamed up and finally cut production in late 2016.
By 2017, oil was back in the $60s, and royalty trusts started increasing dividends again.
Trusts that had lost 70% of their value doubled or more over the next 18 months. Investors who stayed the course got paid.
<h2 class="wp-block-heading">2020: The Pandemic Panic And Negative Oil Prices</h2>
Then came COVID. Demand did not just shrink. It vanished.
Planes stopped flying, cars stopped driving, and suddenly, the world was drowning in oil.
Saudi Arabia and Russia decided to have a price war on top of it all, and in April 2020, WTI futures went negative.
Royalty trusts had a rough time. Distributions were suspended.
Permianville (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVL#NYSE">PVL</a>) went 13 months without a single payout.
PrairieSky slashed its dividend by two-thirds.
Investors fled. Unit prices dropped 60% to 80% in weeks.
Trailing yields? Meaningless. Nobody was paying anything.
However, it did not last.
OPEC+ made historic cuts.
Demand started recovering.
When vaccines arrived in late 2020, the game changed. By mid-2021, Permianville was paying again. PrairieSky and Freehold started raising dividends.
Share prices doubled or tripled.
By 2022, Sabine's distribution hit $8.65, a monster rebound.
<h2 class="wp-block-heading">What It All Means</h2>
These downturns tell the same story every time: oil crashes, royalty and non-operator income disappear, and the market throws these stocks in the trash. Yields spike on trailing numbers, then vanish when dividends get cut. Sentiment stays ugly for too long.
However, when the oil price recovers, and it always has, these names come back fast. Distributions climb, unit prices follow, and investors who bought when everyone else was scared end up with huge yields on cost and big capital gains.
They are not for the faint of heart. You have to be willing to hold when there is blood in the oil patch.
It's a pain trade.
However, if you buy these things when oil is hated and the checks have stopped, you set yourself up for some of the most explosive total returns in the market.
This is deep value investing, oilfield-style.
And now, it's happening again.
Read the headlines:
<ul>
<li>OPEC is going to increase production.</li>
<li>Oil demand forecasts are being cut.</li>
<li>The much more energy-efficient AI from China will slash demand even further.</li>
<li>Nuclear energy plants are going to pop up like mushrooms with no regulatory delays or cost overruns and be built faster than Buc-ee's.</li>
<li>China will never import another drop of oil.</li>
</ul>
Negative sentiment is building, we&#8217;ve seen some distribution cuts and optimism is harder to find than a good book in a Blockbuster.
Royalty trusts and nonowner operators may go down before they go up, but when they do, they are going to go up a lot.
Those who buy in scale, with patience and a dash of courage, will be well rewarded.
<h2 class="wp-block-heading">Risk, Reward &amp; Reversals: Tactical Options Strategies for an Unstable Market</h2>
When markets get unpredictable, disciplined options strategies can give you an edge. Join Ryan Faloona, Anne-Marie Baiynd and Tim Melvin live on May 6 to learn how they're using risk reversals, 0DTE plays, and hedging tactics to stay nimble and generate income. Save your spot now to learn how to trade smarter this week.
Editorial content from our Expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

Opinion

PREKF

OPEC Just Created The Income Trade Of The Decade

Zimmer Biomet Holdings, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) reported first-quarter adjusted EPS of $1.81, down from $1.94 a year ago, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the Street estimates of $1.77</a>.
The orthopedic giant reported sales of $1.91 billion, up 1.1% on a reported basis (+2.3% on constant currency), almost in line with the <a href="https://www.benzinga.com/pressreleases/25/05/n45189888/zimmer-biomet-announces-first-quarter-2025-financial-results" target="_blank" rel="noreferrer noopener">consensus of $1.9 billion</a>.
<ul>
<li>Knee product sales increased 0.6% to $792.9 million (+1.9%), and hip product sales increased 0.9% (+2.4% on constant currency) to $495.8 million.</li>
<li>Sports Medicine products generated sales of $470.5 million, up 3.9% (+4.9%).</li>
<li>Technology &amp; Data, Bone Cement, and Surgical sales fell 4.7% (-3.5%) to $149.9 million.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/25/04/44652075/us-tariffs-spare-drugmakers-but-threaten-diabetes-device-industry" rel="noreferrer noopener">Trump Tariffs Spare Drugmakers But Threaten Diabetes Device Industry</a>
Operating margin improved to 15.3% from 14.1%.
Ivan Tornos, Zimmer Biomet&#8217;s President and CEO, addressed &#8220;the recently completed <a href="https://www.benzinga.com/pressreleases/25/04/n44896156/zimmer-biomet-completes-acquisition-of-paragon-28" target="_blank" rel="noreferrer noopener">acquisition of Paragon 28</a>.&#8221; The company also updated its full-year 2025 reported revenue guidance to include tariff proposals and <a href="https://www.benzinga.com/news/guidance/25/01/43297796/zimmer-biomet-snaps-up-paragon-28-in-1-2-billion-deal-details" target="_blank" rel="noreferrer noopener">currency expectations</a>.
The company expects fiscal year 2025 adjusted EPS of $7.90-$8.10, down from <a target="_blank" href="https://www.benzinga.com/general/health-care/25/02/43539408/why-is-zimmer-biomet-stock-trading-lower-on-thursday" rel="noreferrer noopener">prior guidance of $8.15-$8.35</a> versus consensus of $8.19.
The company expects 2025 revenue growth of 5.7% &#8211; 8.2% compared to 1%-3.5% expected earlier.
It expects a foreign currency exchange impact of 0.0%-0.5%.
In March, the U.S. Food and Drug Administration (FDA) granted 510(k) clearance to Persona&nbsp;Revision SoluTion Femur, a revision knee implant&nbsp;component offering an alternative for patients with sensitivities to certain metals. Persona Revision SoluTion Femur will be commercially <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44187963/zimmer-biomet-receives-fda-clearance-for-persona-revision-solution-femur" rel="noreferrer noopener">available in the U.S. in Q3 2025</a>.
In April, Zimmer Biomet&#8217;s RibFix Advantage Fixation System received CE Mark certification – the first CE Mark for an <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44582315/zimmer-biomet-receives-ce-mark-approval-for-ribfix-advantage-fixation-system" rel="noreferrer noopener">intrathoracic rib fixation system</a>.
Price Action:&nbsp;ZBH stock is down 9.57% at $92.59&nbsp;at last check Monday.
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Hip Implant Maker Zimmer Biomet Cuts Annual Profit Forecast On Paragon 28 Deal

Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) announced Monday that it partnered with Jumio to integrate Jumio ID Verification into their mobile app, streamlining check-in and reducing <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45189279/alaska-airlines-partners-with-jumio-to-provide-faster-more-efficient-travel" rel="noreferrer noopener">hassle for international travelers</a>.
This allows international travelers with U.S. and Canadian passports to verify their identity in real time, bypassing check-in lines.
Jumio&#8217;s AI-powered solution supports over 5,000 ID subtypes globally, ensuring reliable and comprehensive verification.
Natalie Bowman, vice president of digital experience at Alaska Airlines, added, &#8220;Through this partnership, guests can verify their travel documents directly in their Alaska Airlines app, saving time in the airport lobby and at their gate.&#8221;
Bala Kumar, chief product and technology officer at Jumio, added, &#8220;We are proud to partner with Alaska Airlines to help travelers save time at the airport and to drive adoption rates for self-service ID verification,&#8221;&nbsp;
In April, the company reported&nbsp;first-quarter&nbsp;sales&nbsp;growth of 41% year over year (Y/Y) to $3.14 billion, which missed<a target="_blank" href="https://www.benzinga.com/25/04/44976464/alaska-air-hit-by-demand-dip-in-q1-loss-skips-fy25-guidance-update-amid-uncertainty" rel="noreferrer noopener"> the street view of&nbsp;$3.17 billion</a>.
Adjusted EPS loss&nbsp;of 77 cents, missed&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus loss of&nbsp;74 cents</a>. The loss reflects a softening demand environment and macroeconomic factors.
Alaska Air stock is trading higher on Monday on account of a drop in crude oil price, which reduces the input cost for airlines.
Investors can gain exposure to the stock via&nbsp;Avantis U.S. Small Cap Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUV#NYSE">AVUV</a>) and U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>)
Price Action: ALK shares are up 4.16% at $48.95&nbsp;at the last check on Monday.
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Photo via Shutterstock

Contracts

AVUV

JETS

Alaska Airlines Taps Jumio's AI for Frictionless International Travel

<a href="https://www.washingtonpost.com/politics/2025/05/05/trump-presidency-news/#link-ACU42F27X5AMNOGEOOY7YDJOFE">https://www.washingtonpost.com/politics/2025/05/05/trump-presidency-news/#link-ACU42F27X5AMNOGEOOY7YDJOFE</a>
President Donald Trump will sign an executive order Monday to streamline regulations surrounding pharmaceutical manufacturing in the United States, according to two White House officials who spoke on the condition of anonymity to describe plans that have not been made public.
The order to incentivize domestic drug manufacturing comes ahead of possible <a href="https://www.washingtonpost.com/business/2025/04/10/tariffs-pharmaceuticals-us-drugs-cost/">tariffs on pharmaceuticals</a> — a policy that's on hold, for now, pending an investigation by the Commerce Department to determine whether importing pharmaceuticals is a threat to national security. That Section 232 investigation could be completed this summer, one of the officials said Monday.
But regardless of whether the Trump administration puts tariffs on prescription drugs, Monday's executive order seeks to incentivize more domestic manufacturing of medications.

MRNA

'Trump To Sign Order To Encourage Domestic Drug Manufacturing' - Washington Post

Peloton Interactive Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) turnaround shows operational progress. Still, continued pressure on hardware demand and subscriber declines have prompted lingering uncertainty among analysts about <a href="https://www.benzinga.com/topic/fitness">the company's growth path</a>.
What Happened: Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Peloton&#8217;s shares on Monday and lowered the price forecast from $11.00 to $9.00.
Telsey anticipates Peloton's third-quarter fiscal 2025 results to demonstrate ongoing gains in profitability and effective operational management. New CEO Peter Stern is leading initiatives to tighten spending, enhance hardware margins, and boost marketing efficiency, she adds.
Investors will also watch for further evidence of strategic progress as the company aims to steady its subscriber base. Updates on innovation efforts, expansion through new channels (like Costco, international markets, and commercial partnerships), and retention strategies are of particular interest.
That said, demand for hardware will stay under pressure due to seasonal slowdowns and consumer caution, Telsey predicts. To drive sales, Peloton has launched several promotions during this period and into early fourth-quarter.
Also Read: <a href="https://www.benzinga.com/25/05/45194848/footwear-giant-skechers-to-go-private-in-more-than-9b-deal-with-3g-capital-stock-surges">Footwear Giant Skechers To Go Private At 30% Premium In PE Deal</a>
Why It Matters: Looking ahead, tariff-related issues will be an important factor. After all, there&#8217;s a 10% tariff on products from Taiwan, where all of Peloton's connected fitness equipment is manufactured.
The company's exposure to China remains minimal. The revised price forecast stems from heightened market instability and broader economic headwinds.
The analyst expects Peloton quarterly sales to fall 13.1% to $624 million. That&#8217;s in line with the FactSet consensus and within the company&#8217;s guidance range.
Hardware revenue will drop 25%, while subscriber revenue will decline 6%. Connected fitness subscribers are estimated to decrease 6.3% year over year and 1% sequentially, reaching 2.86 million, matching guidance and slightly above consensus.
For fiscal 2025, analysts expects Peloton's revenue to decline 8.2% to $2.48 billion, aligning with company guidance and slightly above consensus. Connected fitness subscribers are projected to fall 7% year over year to 2.78 million, consistent with expectations. 
What&#8217;s Next: In fiscal 2026, revenue is expected to edge up 0.9% to $2.5 billion. Subscriber numbers may dip 1% to 2.75 million.
Price Action: PTON shares traded lower by 0.44% at $6.79 at last check Monday.
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45194533/sunoco-fuels-up-with-9-1b-parkland-deal-eyes-10-cash-flow-bump">Sunoco Fuels Up With $9.1B Parkland Deal, Eyes 10% Cash Flow Bump</a></li>
</ul>
Image: Shutterstock

PTON

Peloton Faces Subscriber Setbacks, Tariff Troubles Despite Profit Push

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="936" height="874" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/05190539/image-2.jpg" alt="" class="wp-image-12345" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/05190539/image-2.jpg 936w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/05190539/image-2-300x280.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/05190539/image-2-768x717.jpg 768w" sizes="(max-width: 936px) 100vw, 936px" /></figure>
<a href="https://earningshub.com/earnings-calendar/this-week?utm_source=marketmadness-newsletter.beehiiv.com&amp;utm_medium=referral&amp;utm_campaign=how-to-ride-the-winning-streak" target="_blank" rel="noreferrer noopener">This Week's Earnings Calendar</a><a href="https://earningshub.com/earnings-calendar/this-week?utm_source=marketmadness-newsletter.beehiiv.com&amp;utm_medium=referral&amp;utm_campaign=how-to-ride-the-winning-streak" target="_blank" rel="noreferrer noopener"></a>
The market is heading into another pivotal week after closing with an eight-day winning streak for the S&amp;P 500, the longest in 20 years. The rally has been so strong that the index is now trading above the levels reached on so-called "Liberation Day."
The surge in stocks is being fueled by a combination of factors. A major driver has been strong earnings. We are now past the halfway point of earnings season, and results have come in better than expected. Despite earlier concerns around tariffs, many companies have delivered solid reports and provided positive guidance.
Another catalyst has been the Trump administration's softer tone on trade. President Trump has signaled progress toward a potential deal with China, and optimism is building across the market. Many believe an agreement could be announced soon, and that news would likely send stocks even higher.
This week will bring another round of key earnings reports. Palantir, Uber, Disney, and Shopify are set to announce results, offering insights into different corners of the economy. Investors will be paying close attention to whether these companies issue guidance and how they are navigating the current environment.
On the economic front, the calendar is lighter than last week but still features a few potentially market-moving reports. Monday brings the ISM and PMI Services data, while Thursday will include the initial jobless claims report. I will also be watching the 10-year Treasury auction scheduled for 1 p.m. Eastern on Tuesday.
While some skeptics continue to call this a bear market rally, I believe the gains can hold. The sharp selloff earlier this year felt overdone, and as long as trade tensions continue to ease, I expect the market to remain on solid footing.
In other news, Warren Buffett announced this weekend that he will step down as CEO of Berkshire Hathaway after 60 years at the helm. I had the incredible opportunity to witness this announcement in person, and it was truly inspiring. Warren's wisdom, patience, and long-term mindset have shaped the investing world, and his influence will continue to guide future generations.
Thank you, Warren, for everything you have contributed to the world of finance.
&#x2A;&#x2A;
Welcome to the WOLF Financial Newsletter.
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Government

Regulations

Broad U.S. Equity ETFs

Econ #s

ETFs

How To Ride The Winning Streak: This Week's Market Forecast

<a href="https://www.cnbc.com/2025/05/05/signal-telemessage-hack-trump-waltz.html">https://www.cnbc.com/2025/05/05/signal-telemessage-hack-trump-waltz.html</a>
<ul>
<li>The messaging app that President Donald Trump's former national security advisor was seen using is temporarily suspending services following reports it was hacked.</li>
<li>"Out of an abundance of caution, all TeleMessage services have been temporarily suspended. All other Smarsh products and services remain fully operational," a company spokesperson said.</li>
</ul>
&nbsp;

Macro Economic Events

Politics

Economics

'Messaging App Used By Trump Official Suspends Operations After Reported Hack' - CNBC

Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock is trading higher Monday after Seaport Global upgraded the stock from a Neutral rating to a Buy rating. Several analysts have raised price targets in response to earnings. Here&#8217;s what you <a href="https://www.benzinga.com//node/45172410">need to know.</a>
What To Know: Seaport analyst Aaron Kessler upgraded the stock following strong first-quarter revenue and EBITDA combined with solid guidance.
The analyst noted that while Reddit is facing challenges due to changes in Google's search algorithm, he still expects the company to grow over time, citing strong first-quarter results and a solid financial outlook.
Last week Reddit reported revenue of $392.36 million, beating the consensus estimate of $370.01 million. In addition, the company reported earnings per share of 13 cents, beating the consensus estimate of 2 cents.
The company sees second-quarter sales from $410 million to $430 million, versus the consensus estimate of $395.48 million.
Analyst Changes: Here&#8217;s a look at other analyst changes following the earnings report.
<ul>
<li>Citigroup analyst Ronald Josey maintained a Buy rating on Reddit and raised the price target from&nbsp;$150&nbsp;to&nbsp;$158.</li>
<li>Wells Fargo analyst Ken Gawrelski maintained an Overweight rating on Redidit and raised the price target from $158 to $168.</li>
<li>Roth MKM analyst Rohit Kulkarni maintained a Neutral rating on Reddit and raised the price target from&nbsp;$120&nbsp;to&nbsp;$130.</li>
<li>Goldman Sachs analyst Eric Sheridan maintained a Neutral rating on Reddit and raised the price target from $124 to $140.</li>
</ul>
See Also: <a href="https://www.benzinga.com/general/health-care/25/05/45203398/sotera-health-is-uniquely-insulated-from-potential-tariff-policy-goldman-sachs-says">Sotera Health &#8216;Is Uniquely Insulated From Potential Tariff Policy,&#8217; Goldman Sachs Says</a>
RDDT Price Action: At the time of writing, Reddit shares are trading 3.74% higher at $118.08, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: via Shutterstock

RDDT

What's Going On With Reddit Stock Monday?

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) shares fell 3.1% to $88.54 Monday afternoon as crude oil prices declined following OPEC+'s <a href="https://www.benzinga.com/news/earnings/25/05/45194998/saudi-arabias-oil-power-play-jolts-markets-can-diamondback-and-rivals-survive-the-squeeze">announcement</a> to boost oil production. 
What To Know: West Texas Intermediate (WTI) crude futures dropped around 2% after the group said it would increase output by 411,000 barrels per day in June, marking the third consecutive monthly hike. 
In total, OPEC+ will have added 960,000 barrels per day over April through June, reversing nearly half of the voluntary cuts made since 2022.
Saudi Arabia <a href="https://www.benzinga.com/news/earnings/25/05/45194998/saudi-arabias-oil-power-play-jolts-markets-can-diamondback-and-rivals-survive-the-squeeze">led the push</a> for higher output to discipline overproducing members like Iraq and Kazakhstan and to reclaim market share.
Read Also: <a href="https://www.benzinga.com/news/25/05/45202756/airline-stocks-climb-as-oil-prices-drop-on-opec-output-hike">Airline Stocks Climb As Oil Prices Drop On OPEC+ Output Hike</a>
The supply boost pressured oil prices despite ongoing geopolitical tensions and signs of improving trade relations between the U.S. and China. WTI crude hovered below $57 per barrel—well under the $65 level many U.S. producers need to remain profitable.
ConocoPhillips, heavily tied to oil price movements, felt the impact as investor sentiment soured across the energy sector. The decline also comes ahead of the company's first-quarter <a href="https://www.benzinga.com/quote/COP/earnings">earnings</a> report on Thursday, where it's expected to post earnings of $2.07 per share on $15.82 billion in revenue.
Read Also: <a href="https://www.benzinga.com/news/global/25/05/45202597/tesla-stock-falls-on-european-sales-decline-rising-competition-whats-going-on">Tesla Stock Falls On European Sales Decline, Rising Competition: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy COP Stock</h2>
By now you're likely curious about how to participate in the market for ConocoPhillips &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of ConocoPhillips, which is trading at $88.82 as of publishing time, $100 would buy you 1.13 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, COP has a 52-week high of $125.22 and a 52-week low of $79.88.

ConocoPhillips (COP) Stock Falls on OPEC+ Supply Hike, Lower Oil Prices

Major cryptocurrencies are off to a muted start this week as traders brace for the FOMC meeting and key macroeconomic data that could shape the market&#8217;s next move.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$94,789.50</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$1,823.86</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$146.88</td>
<td>-0.01%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.15</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1722</td>
<td>+0.2%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001284</td>
<td>+1.3%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume decreasing by 3.5% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 7,749 to 6,732 in a single day. Exchanges netflows are up by 53.8%.</li>
<li>Coinglass data reports 76,897 traders were liquidated in the past 24 hours for $224.40 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45191302/corporations-will-pour-330-billion-into-bitcoin-by-2029-bernstein">Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45192498/bitcoins-key-level-is-96500-analyst-warns-but-heres-what-could-trigger-a-breakdown">Bitcoin&#8217;s Key Level Is $96,500, Analyst Warns, But Here&#8217;s What Could Trigger A Breakdown</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45192914/us-stablecoin-legislation-will-transform-crypto-says-sui-foundations-christian-thompson">US Stablecoin Legislation Will Transform Crypto, Says Sui Foundation&#8217;s Christian Thompson</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45187736/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill">Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill (CORRECTED)</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45193805/strategy-acquires-1895-btc-for-180-million-as-bitcoin-etfs-bounce-back-with-18-billion-inflow">Strategy Acquires 1,895 BTC For $180 Million As Bitcoin ETFs Bounce Back With $1.8 Billion Inflow</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45199299/ripple-commits-25m-to-us-teachers-and-classrooms-via-rlusd-stablecoin">Ripple Commits $25M To US Teachers And Classrooms Via RLUSD Stablecoin</a></li>
</ul>
 Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Four (CRYPTO: FORM)</td>
<td>$2.57</td>
<td>+16.5%</td>
</tr>
<tr>
<td>Core (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CORE</a>)</td>
<td>$0.7388</td>
<td>+11.8%</td>
</tr>
<tr>
<td>Bittensor (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TAO</a>)</td>
<td>$378.01</td>
<td>+9%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader Kaleo remains bullish, calling recent Bitcoin dips "gifts" and reaffirming his "resume up only" stance.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Dips are gifts, resume up only. <a href="https://t.co/VBl8TciRQm">pic.twitter.com/VBl8TciRQm</a>
&mdash; K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1919395060493259066?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Stockmoney Lizards <a href="https://x.com/StockmoneyL/status/1919444593239634205">offered</a> a cautionary take—predicting many will correctly call Bitcoin to $150,000 this cycle but still lose money by overtrading.
 potential retracement to $89,000 aligns with the 61.8% Fibonacci retracement, and the trader urges calm: trust the market structure, don't overreact.
Crypto Bully <a href="https://x.com/BullyDCrypto/status/1919435468447309952">shared</a> that he took profit and hedged before the current pullback. 
He remains unworried unless BTC breaks below $88,000, which coincides with VWAP from the lows, a key fib level, and a high-volume node. 
He expects a period of consolidation or slow upward grind heading into the FOMC meeting.
Meanwhile, Roman <a href="https://x.com/Roman_Trading/status/1919446972815016287">flagged</a> last week's failure to close above resistance as a warning sign. 
The current move looks like a bearish retest, and low volume on both daily and weekly timeframes suggests the uptrend lacks conviction. 
Without stronger buying pressure, Roman expects further downside in the short term.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 1W Last week we failed to close above resistance and as it stands we are still seeing a breakdown and bearish retest. I keep saying volume on 1D and 1W are not confirming a strong uptrend. Lower is likely for now. <a href="https://t.co/GiyDteZZrh">pic.twitter.com/GiyDteZZrh</a>
&mdash; Roman (@Roman_Trading) <a href="https://twitter.com/Roman_Trading/status/1919446972815016287?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45196732/bitcoin-could-hit-450000-raoul-pal-says-dont-screw-this-up">Bitcoin Could Hit $450,000, Raoul Pal Says: &#8216;Don&#8217;t Screw This Up&#8217;</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$CORE

$DOGE

$ETH

$SHIB

$SOL

$TAO

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Start FOMC Week Sluggish: 'Dips Are Gifts, Resume Up Only,' Trader Says

WIIM

International Paper shares are trading lower on continued weakness after the company last week reported worse-than-expected Q1 adjusted EPS results.

SBUX

Starbucks shares are trading lower on continued weakness after the company last week reported worse-than-expected Q2 financial results.

The Supreme Court of British Columbia has granted an order approving the full separation of Lions Gate Entertainment Corp.'s Studio and STARZ businesses into two independent, publicly-traded companies. The separation is anticipated to take place tomorrow, Tuesday, May 6th. Lionsgate is expected to begin trading on the New York Stock Exchange under the ticker symbol LION on Wednesday, May 7th.

Lions Gate Entertainment Corporation Class A Voting Shares

LGF/A

Lions Gate Entertainment Corporation Class B Non-Voting Shares

LGF/B

LION

Lionsgate Secures Court Approval For Studio And STARZ Businesses Split, Lionsgate Is Expected To Begin Trading On The NYSE Under The Ticker Symbol "LION" On May 7

Press Releases

UNDER ARMOUR REPORTS FIRST QUARTER 2025 RESULTS; UPDATES FISCAL 2025 OUTLOOK

UNDER ARMOUR ANNOUNCES UPDATE TO ITS RESTRUCTURING PLAN AND FISCAL 2025 OUTLOOK

UNDER ARMOUR ANNOUNCES SECOND QUARTER FISCAL 2025 EARNINGS CONFERENCE CALL DATE

UNDER ARMOUR REPORTS SECOND QUARTER 2025 RESULTS; RAISES FISCAL 2025 OUTLOOK

UNDER ARMOUR TO HOST INVESTOR MEETING ON DECEMBER 12, 2024

UNDER ARMOUR OUTLINES PRODUCT, BRAND, AND COMMERCIAL STRATEGIES AT INVESTOR MEETING; REITERATES FULL-YEAR FISCAL 2025 OUTLOOK

UNDER ARMOUR ANNOUNCES THIRD QUARTER FISCAL 2025 EARNINGS CONFERENCE CALL DATE

UNDER ARMOUR REPORTS THIRD QUARTER 2025 RESULTS; RAISES FISCAL 2025 OUTLOOK

UNDER ARMOUR APPOINTS DAWN N. FITZPATRICK, EUGENE D. SMITH, AND ROBERT J. SWEENEY TO ITS BOARD OF DIRECTORS

UNDER ARMOUR ANNOUNCES FOURTH QUARTER AND FULL-YEAR FISCAL 2025 EARNINGS CONFERENCE CALL DATE

Amer Sports

Columbia Sportswear Company - Common Stock

Columbia Sportswear

Capri Holdings

Carter's

Dogness (International) Corporation - Class A Common Stock

Dogness (Intl)

FIGS

Fossil Group

G-III Apparel Group

Hanesbrands

Kontoor Brands

Lakeland Industries

Lanvin Group Holdings Limited Ordinary Shares

Lanvin Gr Hldgs

Levi Strauss

Lululemon Athletica

Movado Group

Oxford Industries

PLBY Group

Ralph Lauren

Superior Group of Companies, Inc. - Common Stock

Superior Gr of Cos

Tapestry

Vera Bradley

Ermenegildo Zegna

Wells Fargo

Citigroup

Stifel

KGI Securities

아시아 태평양 지역에서 의류 제품을 생산하는 브랜드들은 도널드 트럼프 대통령의 <a href="https://www.benzinga.com/topic/tariffs">상호관세 계획</a>의 영향을 완화할 수 있는 방법을 모색하고 있을 가능성이 높다.
관세 완화 조치 전 총마진 및 주당순이익(EPS)에 대한 평균 역풍은 각각 670bps와 65%이다.
주당순이익에 미치는 최악의 경우에 대해 니덤의 애널리스트 톰 니키(Tom Nikic)는 언더아머(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), VF 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), 그리고 나이키(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)를 언급했다. 이들 기업은 최근 어려움으로 인해 상대적으로 낮은 마진 구조를 가지고 있다.
결과적으로 이들 세 기업은 추가적인 관세를 흡수할 수 있는 &#8220;완충재&#8221;가 거의 없다. 니키는 조정 전 역풍이 기업들의 주당순이익을 떨어뜨릴 것이라고 했다.
니키의 커버리지 종목 중에서 가장 관세 영향을 적게 받는 브랜드는 랄프로렌(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)과 풋락커(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>)이다. 이들 회사는 상당한 국제적 입지와 고마진 손익을 보유하고 있고, 덕분에 관세 조치 완화 전 EPS에 대한 역풍은 20~25%에 불과할 것이라고 예측했다.
또한 니키는 랄프로렌이 최근 강력한 가격 인상 실적(DTC 채널에서 8년 연속 평균 판매단가 상승)을 기록하고 있다는 점에 주목했다. 그는 필요한 경우 가격을 인상할 수 있다고 확신한다.
풋락커에 대해서는 공급업체는 판매하는 운동화를 수입하기 때문에 직접적인 노출이 거의 없다는 점에 주목했다. 풋락커는 관세가 부과된 공급 업체의 "고통 분담"을 강요 당할 간접적 위험이 있지만 적어도 관세 자체에서 한 걸음 떨어져 있다.
그리고 니키는 미국에서 제조 역량을 구축하고 미국에 기반을 둔 의류/신발 공장에서 일할 수 있는 충분한 전문성을 갖춘 노동력을 찾는 것이 매우 어렵기 때문에 미국에서의 자체 제조는 기대하지는 않는다.
이미지: Shutterstock
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목요일(3일) 경제학자 피터 쉬프는 나이키(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)가 새로 부과된 관세에도 불구하고 생산을 미국으로 이전하지 않을 것이라고 경고하면서 <a href="https://www.benzinga.com/25/04/44629275/nike-stock-is-tumbling-thursday-heres-why" target="_blank" rel="noopener">신발 대기업 나이키</a>의 가격 상승과 미국 국내 판매 감소를 예측했다.
무슨 일 있었나: 피터 쉬프는 소셜미디어 엑스(X)에 이렇게 썼다. "나이키는 운동화를 만들기 위해 미국에 공장을 짓지 않을 것이다. 그러면 40%의 관세보다 더 많은 비용이 추가될 것이다. 그 결과 가격은 더 높아지고 미국에서 판매량은 줄어들 것이다.&#8221;
나이키가 미국 국내 공장을 건설하면서 관세 비용을 흡수할 수 있을지에 대한 질문에 쉬프는 그 아이디어를 일축하며 대신 제품 방향을 전환할 것이라고 제안했다. &#8220;나이키는 결국 미국인들이 더 이상 감당할 수 없는 제품을 다른 나라 소비자들에게 더 많이 판매할 것이다."
이러한 발언은 목요일(3일) 도널드 트럼프 대통령이 회사의 공급망에 영향을 미치는 전면적인 상호 관세를 발표한 후 나이키 주가가 14.44% 급락한 가운데 나온 것이다. <a href="https://www.benzinga.com/25/04/44629275/nike-stock-is-tumbling-thursday-heres-why" target="_blank" rel="noopener">나이키 신발의 거의 50%를 생산</a>하는 베트남은 46%의 관세 인상에 직면해 있다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Nike won&#39;t build factories in the U.S. to make sneakers. That would add more cost than the 40% tariffs. Plus, they need to stay competitive selling to customers in other countries that don&#39;t impose tariffs. The result will be fewer sneakers sold in the U.S. at much higher prices.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1907812445260800264?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Why, they will still sell sneakers at higher prices in the U.S. The sneakers they don&#39;t sell in the U.S. they will sell to consumers in other countries instead, like China. That&#39;s a much better strategy.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1907815526027448587?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" class="wp-image-856620" style="width: 912px; height: auto;" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03220426/Screenshot-2025-04-04-at-7.33.26%E2%80%AFAM-1024x657.png" alt="" /> 
2017~2024 회계연도 전 세계 나이키의 매출(미화 백만 달러, 지역별) &#8211; 출처: Statista</figure>
왜 중요한가: 골드만삭스는 나이키의 주요 생산지인 중국 34%, 인도네시아 32% 등 <a href="https://www.benzinga.com/25/04/44634737/retailers-brace-for-higher-costs-as-us-tariff-rates-soar-says-goldman-sachs" target="_blank" rel="noopener">새로운 관세에 노출될 가능성이 높은 여러 소매업체</a> 중 나이키를 선정했다.
관세 발표 이후 월스트리트는 <a href="https://www.benzinga.com/government/regulations/25/04/44631916/wall-street-wipes-out-2-trillion-apple-eyes-worst-day-since-covid-19-pandemic-oil-plummets-whats-driving-markets-thursday" target="_blank" rel="noopener">약 2조 달러의 시가총액을 잃는</a> 등 광범위한 시장이 큰 혼란을 겪었다.
특히 임의소비재 <a href="https://www.benzinga.com/25/04/44634737/retailers-brace-for-higher-costs-as-us-tariff-rates-soar-says-goldman-sachs" target="_blank" rel="noopener">주식이 큰 타격을 받았는데</a>, 나이키의 경쟁사인 룰루레몬(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) 주가는 9.28% 하락했고 아디다스 주가는 39%의 베트남 제조 노출로 인해 하락했다.
애널리스트들은 브랜드가 마진을 보호하기 위해 가격을 조정하고, 공급업체와 협상하고, 비용을 최적화해야 할 것이라고 경고한다. 웨드부시 증권의 애널리스트인 댄 아이브스는 중국과 대만 관세가 <a href="https://www.benzinga.com/25/04/44629275/nike-stock-is-tumbling-thursday-heres-why" target="_blank" rel="noopener">공급망과 수요에 미치는 영향</a>에 대해 특히 우려하면서 이번 관세가 "최악의 시나리오보다 더 나쁘다"고 말했다.
나이키는 룰루레몬, 콜롬비아 스포츠웨어(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLM#NASDAQ">COLM</a>), 언더아머(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), 스케쳐스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>), VF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), 온홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>)에 비해 뒤처지고 있으며, 부정적인 성장과 모멘텀으로 어려움을 겪고 있다.
이미지 출처: Shutterstock
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피터 쉬프 "나이키는 미국에 공장 짓지 않을 것...중국 등에 판매하면 그만"

도널드 트럼프가 제안한 수입 관세가 운동화 제조업체와 소매업체에 큰 영향을 미칠 것이라는 우려가 운동화 업계를 휩쓸고 있다. 이러한 잠재적인 정책은 특히 <a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">아시아 제조 허브에 크게 의존</a>하는 기업들에게 영향을 미칠 수 있다.
무슨 일이 일어났을까? <a href=""https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft"">트럼프 대통령이 모든 수입품에 20% 관세를 부과</a>하고 특히 중국산 제품에 60%의 초고율 관세를 부과하겠다고 밝힌 후 업계 리더들은 충격에 대비하고 있다. 이미 상당한 수입 관세를 부담하고 있는 신발 부문은 생산 비용이 더욱 급증할 수 있다.
주요 운동복 기업 주가가 하락하면서 이러한 우려는 미국 증시에 반영되었다. 나이키(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) 주가는 3.41% 하락했으며, 아디다스 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>)도 3.62% 하락했다. 언더아머(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>)는 1.35% 하락했고, Vans 모회사인 VF 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>)도 2.67% 하락했다.
댄 셔리던(Dan Sheridan) 브룩스 러닝 CEO는 <a href="https://finance.yahoo.com/news/starbucks-ceo-no-plans-to-move-hq-out-of-seattle-as-the-company-attempts-a-turnaround-214425009.html">야후 파이낸스</a>와 인터뷰에서 &#8220;이것은 전체 산업에 큰 역풍이 될 것&#8221;이라며 현재 신발 회사들이 중국산 수입품에 대한 20% 관세와 베트남산 수입품에 대한 약 27%의 관세를 감당하고 있다고 지적했다.
벤징가는 영향을 받은 회사에 연락을 했지만 즉각적인 응답을 받지는 못했다.
왜 중요할까? 운동복 산업의 취약성은 중국, 베트남, 인도네시아 등 아시아 제조 허브에 대한 의존도가 높기 때문이다. 추가 관세가 부과되면 회사들은 더 높은 비용을 흡수하거나 소비자에게 전가해야 할 수 있다.
하지만 일부 회사들은 시장 불확실성 속에서도 탄력성을 보였다. 푸마(OTC:<a class="ticker" href="https://www.benzinga.com/stock/PMMAF#OTC">PMMAF</a>) 주가는 2.10% 상승했으며 호카오네오네(Hoka One One)의 모회사인 데커스 아웃도어(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>)도 0.67% 상승했다.
더 읽기: 
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%ED%8A%B8%EB%9F%BC%ED%94%84%EC%9D%98-20-%EA%B4%80%EC%84%B8-%EA%B3%84%ED%9A%8D-%EC%97%B0%EB%A7%90-%EA%B3%A0%EA%B0%80%ED%92%88-%EC%86%8C%EB%B9%84-%ED%8F%AD%EB%B0%9C-%EC%9C%A0%EB%B0%9C%ED%95%A0/">트럼프의 20% 관세 계획, 연말 고가품 소비 폭발 유발할 수도, 경제학자 저스틴 울퍼스</a></li>
</ul>
이미지: Dall-E로 생성
면책 조항: 이 기사는 부분적으로 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">벤징가 뉴로(Benzinga Neuro)</a>의 도움을 받아 작성되었으며, 벤징가 에디터들이 검토한 후 게시했습니다.
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