F Ford asked the Trump Administration for tariff relief today per WSJ reporting. The F-150 faces import cost pressure as legacy automakers struggle. GM General Motors recalled 271,770 Chevrolet Malibu vehicles over rearview camera issues adding operational pressure.
Ford, GM and Stellantis accused the EU of blocking pickup truck sales per today's reports. The trade dispute escalated as European regulators imposed barriers on American trucks entering the bloc. Options traders positioned through June showing extended volatility expectations for both names.
Oil prices gained today as Iran war concerns persisted. CNBC reported European stocks soared 4% after a US-Iran ceasefire deal appeared possible. Yet FT noted Gulf states now consider new pipelines to avoid the Strait of Hormuz showing long-term infrastructure fears.
The global wave of energy rationing expanded per FT reporting. Governments from Bangladesh to Zambia imposed fuel demand cuts as Middle East conflict disrupted flows. World's top energy traders got wrongfooted in early war days as the crisis unfolded faster than markets anticipated.
Delta Air Lines reports today as the airline faces jet fuel cost pressure. The $43B carrier held $5.8B in hedges yet still battles margin squeeze. Constellation Brands releases Q4 results after the close with consumer spending uncertainty in focus.
FAST Fastenal gears up for its Q1 print with industrial demand trends under scrutiny. FBK FB Financial prepares for Q1 earnings as Wall Street forecasters revised expectations.
POWL Powell Industries SI jumped 5.5 points in three days to 9.6% as bears doubled down on the electrical equipment maker. DAVE Dave Inc absorbed 4.2 points of short interest in 72 hours reaching 17.4%.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
