Brian Stewart

So companies that have sort of a higher price level like Nordstrom's, it'll be interesting to see whether or not they can kind of still draw people in or whether people are sort of looking around for cheaper deals.

So companies that have sort of a higher price level like Nordstrom's, it'll be interesting to see whether or not they can kind of still draw people in or whether people are sort of looking around for cheaper deals.

So companies that have sort of a higher price level like Nordstrom's, it'll be interesting to see whether or not they can kind of still draw people in or whether people are sort of looking around for cheaper deals.

And another data point to be drawn from that, and this will be more from the conference calls and other commentary from management, is just whether or not there's concern about tariffs and whether or not that's going to interrupt

And another data point to be drawn from that, and this will be more from the conference calls and other commentary from management, is just whether or not there's concern about tariffs and whether or not that's going to interrupt

And another data point to be drawn from that, and this will be more from the conference calls and other commentary from management, is just whether or not there's concern about tariffs and whether or not that's going to interrupt

I haven't seen any. The earnings reports that are coming out are obviously a little backward looking. You're looking at least like six weeks backwards as the company sort of put together their earnings reports when the quarters end. But there are some commentaries coming out. For instance, Budweiser just released its earnings. It's up about 11% in the past week.

I haven't seen any. The earnings reports that are coming out are obviously a little backward looking. You're looking at least like six weeks backwards as the company sort of put together their earnings reports when the quarters end. But there are some commentaries coming out. For instance, Budweiser just released its earnings. It's up about 11% in the past week.

I haven't seen any. The earnings reports that are coming out are obviously a little backward looking. You're looking at least like six weeks backwards as the company sort of put together their earnings reports when the quarters end. But there are some commentaries coming out. For instance, Budweiser just released its earnings. It's up about 11% in the past week.

It jumped 7% on its earnings report. It said that it sees only limited impact from tariffs. So that's a global company saying that it probably won't see a big hit from tariffs. In the sales in general, revenue was up 3%, but volumes were down 2%.

It jumped 7% on its earnings report. It said that it sees only limited impact from tariffs. So that's a global company saying that it probably won't see a big hit from tariffs. In the sales in general, revenue was up 3%, but volumes were down 2%.

It jumped 7% on its earnings report. It said that it sees only limited impact from tariffs. So that's a global company saying that it probably won't see a big hit from tariffs. In the sales in general, revenue was up 3%, but volumes were down 2%.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

So you have a situation where a company is making up for lower volumes with higher prices and then getting help from cost management from keeping costs low. In that particular case, it's basically a company that's managing its business well and in a difficult environment. So you're bound to find other companies that aren't managing as well in a difficult environment.

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

And so it becomes just a much, much more sensitive process trying to tiptoe through the landmine. Well, one thing to note about tariffs in general is the companies don't pay them per se. Some might make the decision just to eat as much of the tariffs as they can, but other ones are going to just pass it on

to customers so you might see a a rush of higher prices or um and this isn't tariff related related but you've seen companies put in um

to customers so you might see a a rush of higher prices or um and this isn't tariff related related but you've seen companies put in um