Market Recap April 21

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🔥 Fed vs. Trump Drama Unveiled 🔥

President Trump vs. Powell showdown rattles markets. Amid threats of rate cuts and Powell's removal, how will the economy dance the political tango? Brace for impact.

 

🌐 World Trade War Escalates 🌐

From Japan's defiance to China's warnings, global trade tension heats up. South Korea feels the pinch, and DHL hits roadblocks. Buckle up for the storm.

 

📉 Investor Confidence at Risk 📉

With the US Dollar Index plummeting, echoes of 2008 financial crisis resurface. Defensive strategies take the lead. Are we facing a storm or just a light shower?

 

🔒 Defensive Moves Unveiled 🔒

Investors seek shelter in mixed portfolios and dividends. Growth assets take a backseat. Are we preparing for a rainy day or just a passing cloud?

 

Tesla's stock ($TSLA) experienced a decline of 6.35% in anticipation of its upcoming earnings report scheduled for Tuesday. The company decided to postpone the release of its more affordable Model Y vehicle, and Barclays lowered its price target for the stock. Market indicators from options trading suggest a potential post-earnings movement of 9.7%.

 

On the other hand, Netflix ($NFLX) saw an increase of 1.48% following robust financial results. Canaccord raised its price target to $1,200, while Goldman Sachs increased its target to $1,000, noting no negative impacts from tariffs on the company.

 

Hertz ($HTZ) recorded a decline of 4.31% after a significant 112% surge last week attributed to Bill Ackman's 19.8% ownership stake. Despite this, Bank of America continues to recommend an Underperform rating, considering the stake as a potential means for Hertz to raise additional funds.

 

NVIDIA ($NVDA) experienced a decrease of 5.07% as Huawei prepares to launch its competing 910C AI chip in the coming month. NVIDIA's CEO recently visited Shanghai, emphasizing its significance as a crucial research and development hub for the company.

 

MicroStrategy ($MSTR) saw an increase of 0.19% after acquiring 6,556 Bitcoin for $555.8 million at an average price of $84,785 per coin.

 

Amazon ($AMZN) registered a decline of 3.89% subsequent to a downgrade by Raymond James to Outperform, with a revised target price of $195. The company is reportedly taking measures to prevent vendors from passing on tariff-related costs.

 

META ($META) continued its downward trend for the seventh consecutive day, marking a decline of over 17%, the most significant since April 2023.

 

Disney ($DIS) received an upgrade to Outperform from Wolfe Research, setting a target price of $112, citing the undervaluation of its theme parks and streaming assets.

 

Ford ($F) suspended shipments to China due to escalating retaliatory tariffs, pushing duties on U.S. vehicles to 150%.

 

Apple ($AAPL) faced a decline amidst the broader technology market sell-off and ongoing concerns regarding tariffs.

 

UnitedHealth ($UNH) Truist revised its price target to $580 while maintaining a Buy rating.