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Why TD SYNNEX (SNX) Stock Is Falling Today
Shares of IT distribution giant TD SYNNEX (NYSE:SNX) fell 18.1% in the morning session after the company reported weak first-quarter 2025 results with sales, operating profits, and earnings all falling short of Wall Street's expectations. Its revenue guidance for next quarter missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates.
Why Hertz (HTZ) Stock Is Trading Up Today
Shares of global car rental company Hertz (NASDAQ:HTZ) jumped 24.2% in the morning session after shares of car rental companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive.
Why Ford (F) Stock Is Down Today
Shares of automotive manufacturer Ford (NYSE:F) fell 5.3% in the pre-market session after President Trump announced 25% tariffs on all cars imported into the United States. Stocks of automakers that don't source materials and make all vehicles in the United States appeared to have been hit the hardest. The prospect of higher tariffs raises concerns about reduced profit margins, disrupted operations, and a potential slowdown in future growth. For these automakers, the new policy also introduces fresh uncertainty around competitiveness in the U.S. market, which could ultimately weigh on earnings.