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- Banking Firm Escapes Bloodbath on Merger Deal, Gains 21%
Banking Firm Escapes Bloodbath on Merger Deal, Gains 21%
Adam Garcia
April 03, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.
Gold (Sponsored)
A gold project is expanding fast, and with industry heavyweights involved, the potential is significant.
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Markets 📈
US stocks tumbled to the lowest level in over six months as Donald Trump’s official announcement of fresh tariffs prompted fears of a potential global recession.
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Market-Moving News 📈
Automotive
Ford Launches Recall for Over 100,000 SUVs After Seat Belt Defect
Ford Motor Company (NYSE: F) recalled over 105,000 SUVs after identifying a defect in seat belt pretensioners. The affected models include select 2018–2020 Ford Expedition and Lincoln Navigator vehicles.
NHTSA investigators found that the seat belt system may not perform as intended during a crash or sudden stop. The defect involves pretensioners that tighten the belt to secure passengers more effectively in collisions.
Ford dealership technicians will inspect each recalled vehicle's seat belt retractor date codes. If they detect faulty components, they will r
eplace them at no charge.
Service teams have already begun preparing for customer appointments. Ford will notify owners directly with details on the next steps for inspection and repair.
Quality control engineers linked the issue to specific production batches rather than the entire model line. Company officials confirmed that the recall targets vehicles most at risk based on build dates and supplier information.
Lincoln Navigator owners with affected units will follow the same repair process through certified service centers. Ford continues coordinating with safety regulators to complete all required actions efficiently.
Product integrity teams remain focused on executing the recall across the country. Ford emphasized that resolving safety issues in the field remains a top operational priority.
Customer communication efforts include updates through official channels and recall tracking tools. Owners can also contact local dealerships for additional assistance or scheduling support.
Uranium Sector (Sponsored)
On Behalf of Azincourt Energy Corp
Ninety percent of America’s uranium is imported. With the US scrambling to rebuild domestic supply, Canadian uranium companies are in prime position.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Apparel
Lululemon Shares Drop Sharply as Market Reacts to Tariff Exposure
Lululemon Athletica (NASDAQ: LULU) saw a sharp decline in its share price following renewed concerns around global sourcing exposure. The company relies heavily on manufacturing partners in Vietnam, Cambodia, and Indonesia, regions now facing increased import tariffs under newly announced U.S. trade policies.
Internal teams continue evaluating logistics, vendor lead times, and landed costs to manage potential impacts. Adjustments to supply chain planning are ongoing, focusing on supporting retail and digital channels while maintaining efficiency in procurement operations.
Investors responded to the latest tariff developments with heightened caution, especially for companies with deep ties to international manufacturing. Lululemon’s stock reflected that sentiment, posting one of its largest single-session moves in recent months.
The company last reported international comparable sales growth, while performance in the Americas region remained
flat. Despite near-term headwinds, ongoing product demand and strategic expansion remain Lululemon’s focus areas.
Management has not issued updated guidance in response to the new trade measures. Operational teams remain engaged in scenario planning as they monitor external environment changes and continue supporting long-term growth initiatives.
Uranium Market (Sponsored)
On Behalf of Azincourt Energy Corp
A junior miner with high-grade uranium assets in Canada’s Athabasca Basin and Central Mineral Belt is making moves.
Plans are in motion, and the uranium market is heating up.
*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.
Retail
Nike Confirms Margin Impact Linked to Sourcing Costs
Nike (NYSE: NKE) has updated its outlook for the fourth quarter, citing sourcing-related cost pressures across multiple key regions. The company noted that adjustments to product input costs will weigh on its gross margins.
Executives outlined that approximately 44% of Nike’s product sourcing comes from Vietnam, Indonesia accounts for 21%, and China represents 11%. These three regions play a central role in Nike’s global manufacturing footprint.
Operational teams have reviewed the impact of recent import changes and included those factors in the company’s current quarter guidance. Nike expects gross margins to decline by approximately 400 to 500 basis points.
Internal planning efforts are focused on managing costs and maintaining production continuity. Teams continue to evaluate vendor relationships and regional allocation to support inventory flow and delivery schedules.
Retail and logistics functions remain aligned to ensure availability across global markets. Nike continues to monitor the evolving cost structure across its supply network.
Distribution partners and wholesale channels have received updated expectations regarding product flow. Operational planning will remain a priority throughout the quarter as Nike works through supplier dynamics.
Future sourcing strategy updates may follow as internal reviews continue. Nike remains focused on maintaining product consistency and brand experience while responding to shifts in sourcing costs.
Top Winners and Losers 🔥
Old Point Financial Corp [OPOF] $36.82 (+23.10%)
Old Point, a banking firm, was one of the best-performing stocks after investors learned about the merger deal in which TowneBank [TOWN] will acquire the company and its banking subsidiary.
Goodyear Tire Rubber [GT] $10.18 (+11.62%)
Tire maker Goodyear rose to a monthly high as analysts expect it to benefit from tariffs on tire-importing countries, leveraging its unique position and manufacturing strategy.
Lamb Weston Holdings Inc [LW] $59.59 (+10.05%)
Frozen potato producer Lamb Weston recovered on Thursday after months of steady decline. The company posted positive fiscal Q3 results showing an earnings surprise of 26.44%.
RH [RH] $149.33 (-40.11%)
Home furnishing retailer RH saw its stock price tumble about 40% on Thursday after reporting disappointing Q4 earnings. Also, investors appeared more concerned about how Trump’s trade policies could impact the company’s outlook.
Rxsight Inc [RXST] $16.20 (-37.96%)
Medical tech firm Rxsight plunged today after slashing 2025 guidance and releasing disappointing preliminary Q1 revenue figures. Bank of America downgraded the stock from Buy to Underperform.
V.F. Corporation [VFC] $11.67 (-28.80%)
V.F. Corporation is another victim of Trump’s tariffs. The footwear maker lost nearly a third of its value, along with other consumer brands like Nike, Crocs, and Lululemon.
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Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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