News Formal

What traders are watching Tuesday: Retail stocks that can withstand new tariffs, playing the small-cap rally

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

Russell 2000 Index News

Costco Wholesale Corp,Walmart Inc,Amgen Inc

Frank Holland breaks down what traders are watching ahead of the new session.

Investors are looking for opportunities in the biotech sector, and analysts name the stocks that would be least impacted by potential new tariffs on goods from China, Mexico and Canada. Worldwide Exchange Pick: Amgen David Katz of Matrix Asset Asset Advisors is bullish on biotech Amgen its weight loss drug MariTide moving to a Phase 3 trial in 2025.

President-elect Donald Trump announced Monday on Truth Social that he would impose an additional 10% tariff on imports from China and 25% tariffs on goods from Mexico and Canada when he takes office. "For Walmart about two-thirds of their sourcing comes out of the U.S. market. They may have about 10% from international markets," said Parikh.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Watch how bank, energy and retail stocks trade for Trump/Harris election cluesStrategists at Wolfe Research and Morgan Stanley highlighted several groups of stocks that could benefit depending on which candidate wins today's election.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayWall Street was looking slightly higher ahead of the open on Election Day.
Source: CNBC - 🏆 12. / 72 Read more »