In this episode, Scott Becker shares a market update.
Chapter 1: Who is Scott Becker and what is the Becker Private Equity and Business Podcast about?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're coming to you at the end of the day on April 29th, and thank you for listening. We had a record month of downloads this month, so thrilled to have so many listeners, and thank you so much. We're very appreciative. Five quick market notes for today.
Chapter 2: What is the overall market performance on April 29th, 2025?
Chapter 3: Why did Hertz stock drop 10% today?
First, the market finished up today a good deal, more than half a percent, almost 0.6% at the S&P 500, which is just great news for investors. Second, Hertz is down 10% today. More and more different issues and concerns there. They had a run-up last week with the expectation that Bill Ackman had taken a big position in Hertz.
Chapter 4: How did auto tariffs affect Hertz's stock recently?
Chapter 5: Which stocks surged today and by how much?
They'd also had a run-up recently on the auto tariffs situation, thinking that people would rent a lot more cars if auto tariffs got bigger and bigger, the tariffs got bigger and bigger. Now as the tariff potentially softens some, Hertz is taking it down a notch. They're down 10% today. A few stocks that surged today, hims and hers was up something like 28% when we looked earlier today.
Oscar Health and Tenant Healthcare also had good days in the market. Tenant last week had a tough day, this week doing very well as they reported earnings and they beat on earnings and revenues. That's Tenant Healthcare. Fourth, RH, Restoration Hardware, which we can't help but talk about periodically, is now down 53% year-to-date.
And finally, when we talk about HIMS and HERS, we often also touch on Grindr. We know that's so inappropriate and so childish, but Grindr is up 21% year-to-date. So that's what's going on in the markets today. Markets up, HERS down, HIMS and HERS, Oscar Health and Tenant Healthcare all surging. I reached down 53% year to date and Grindr up 21% year to date.
Thank you for listening to the Becker Private Equity and Business Podcast.