Happy Monday! Enjoy it while you can...
What's Moving Markets?
U.S. stock futures signaled a sharp drop on Monday as the trade conflict between the U.S. and China escalated. China announcing it will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods. Tariffs will increase to 25% from 10% on June 1, the Chinese Finance Ministry said Monday.
Action Alerts Plus' Senior Analyst Jeff Marks and Real Money's Reporter Kevin Curran break down how investors should react to the recent news and what to expect from the market going forward.
Real Money's Stock of the Day
Apple (AAPL - Get Report) is Real Money's Stock of the Day. Apple is both vulnerable to price increases at home, and retaliatory tariffs in China. That has the stock nearing correction territory - its down more than 9% since Trump's May 5 Tweet threatening new tariffs.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....— Donald J. Trump (@realDonaldTrump) May 5, 2019
Real Money's Kevin Curran zeros in on how tariffs will impact Apple's sales and its next earnings report.
...And the earnings parade continues.
Take Two (TTWO - Get Report) , Ralph Lauren (RL - Get Report) , Tilray (TLRY - Get Report) are reporting its quarterly earnings this week. What should investors keep in mind ahead of their earnings' reports?
Watch today's Live Show. Action Alerts Plus' Jeff Marks and Real Money's Kevin Curran have to say for each.