Tariffs, tech sluggishness, gold, bitcoin, and inflation
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What are the latest updates on auto tariffs?
Brian Stewart, our director of news here at Seeking Alpha. Welcome back to the show as we close out almost another month and head into April.
Hey, how you doing?
Great to have you. So lots of news of tariffs. Curious what's coming in the week ahead with this April 2nd date. What are you most focused on this week and looking ahead to next week?
So as long as you mentioned tariffs, we might as well get that out of the way. The big news in the last day or two has been auto tariffs have kind of creeped up as the main headline. So GM is down about 7% as we're talking today. Ford and Toyota are both down about 3%. So there's a new kind of sector that's being sucked into the tariff debate as the kind of moving target that tariffs have become. They're the new kind of face of it. I think one of the interesting things to take away, and I think this is just sort of general investing advice, is like I said, GM's down 7%, but Ford's only down 3%. So there's going to be winners and losers, or you could say more loser, less loser, in some of these situations. And so it makes it a stock picking situation.
So if you're looking at a particular sector that might be affected by these tariffs, you might want to look under the hood of some of those companies and see which ones are most exposed. As an individual investor, as you're looking at it, you might want to just use the stock price as a gauge of that kind of Like I said, GM's underperforming, going down faster than some of its major competitors. So obviously the market has determined that GM is the most exposed to the tariffs that are coming in. So as an investor, you're coming in with that information as sort of your first take on it. And then I think your goal as an investor is to see to what extent the market might have overreacted to the situation.
So take a look at GM as just an example, see if you feel like that exposure is now priced into the market or view whether or not you think that the likelihood of the full tariff impact as priced in by the market is likely to happen.
How is Tesla's performance affecting investors?
not necessarily a strictly car company, but as promised last week, a stock that we may be talking about every week is Tesla, which did see some improved numbers this week, but a stock that's been in the news for its volatility and questioning of where it's headed long term or also short term and near term as well. What are you seeing out of Tesla this week?
So Tesla's coming back from the sharp drop it saw early this year. At one point, the stock was down 40% year to date. It's come back a bit lately. The next data point for that next week, we're going to get Q1 deliveries. Analysts are looking for about a 7% decline year over year from last year's first quarter. So that's taking into account some of the brand's impact. from Doge and Elon Musk's activities with the Trump administration. And so the question comes, not necessarily those numbers. I mean, the stock is going to move next week, kind of whether it's better or worse than people had kind of feared. But the question becomes, is Q1 going to be the low, the heaviest impact on the brand from that, or whether there's going to be a normalization going forward.
So we're not obviously going to know that information for a little bit, but that's the question investors are going to be asking when they get that data. And then further from that, looking longer term, the Tesla story is less about its current EVs and the deliveries that are going to happen month to month or even for the foreseeable future. It's more of a technology plate generally. So autonomous vehicles, robots, solar build out in general. So if you're looking at it from an investment point of view, you're kind of questioning to what extent Tesla can get those more futuristic technologies online in the near term.
And speaking of tech names and the tech sector, what are you seeing out of that part of the market these days?
Why is the tech sector experiencing sluggishness?
So it's still pretty sluggish. I think if we're looking at the turkeys, Broadcom is a standout. It's down about 12% in the past week. The main catalyst for that is Microsoft announced that it's scrapping some data center plans related to AI. So a lot of the AI infrastructure stocks were down, including Broadcom. Broadcom has exposure to those kind of big supplier projects. agreements.
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Chapters
6 chapters
1
What are the latest updates on auto tariffs?
0:10–2:15
2
How is Tesla's performance affecting investors?
2:15–4:13
3
Why is the tech sector experiencing sluggishness?
4:13–6:07
4
What challenges is Novo Nordisk facing in the weight loss drug market?
6:07–8:28
5
How is GameStop incorporating Bitcoin into its strategy?
8:28–10:01
6
What are the long-term prospects for Bitcoin?
10:01–16:41