29-05-2025
Stock Movers: Adidas, Luxury Stocks, Auto Trader (podcast)
On this episode of Stock Movers: - Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia. - Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH's deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run. - Auto Trader reported revenue for the full year that missed the average analyst estimate.
