HP TARIFFS IMPACT
U.S. stock market today: S&P 500, Dow, and Nasdaq surge as Nvidia smashes earnings and Trump’s tariffs get crushed by court ruling — is this the start of a historic market rally?
U.S. stock market show a mixed day for Wall Street as the Dow Jones falls while the Nasdaq surges, powered by Nvidia’s strong earnings. Markets reacted sharply to a U.S. court ruling that blocked many of Donald Trump's tariffs, raising questions about future trade policy. Tech stocks jumped, but industrials dragged. The S&P 500 also saw gains before pulling back. This major legal twist and Nvidia’s impressive performance are reshaping market momentum. Wondering why the Dow dropped or what this court ruling really means for U.S. trade? This story breaks it all down in simple terms.
HP cuts annual profit forecast as tariffs weigh on demand, shares fall
HP now expects fiscal 2025 adjusted profit between $3.00 and $3.30 per share, down from its prior forecast of $3.45 to $3.75 per share. Analysts had expected a full-year profit of $3.49 per share, according to data compiled by LSEG. The company's second quarter was "impacted by higher-than-expected tariffs that we were not able to fully mitigate," HP CEO Enrique Lores said.
US stock futures jump, dollar gains on tariff ruling
American stock futures saw a rise. The dollar's value increased after a US court blocked Donald Trump's global tariffs. The court considered the tariffs illegal. Nvidia Corp's strong earnings also boosted market confidence. Contracts for the S&P 500 and Nasdaq 100 experienced gains. However, the Trump administration can appeal the ruling in federal court. Oil prices also saw a jump.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 30%, according to analysts
After a long phase of correction and underperformance, there are signs of life in the mid-cap segment of the market. At this point of time, fear still rules, but the chances are that the worst is behind us in terms of selling. But when and how demand will come is the big question, because that will decide the velocity at which mid-cap stocks move upward. Our optimism stems from the relative performance of the mid-cap universe of stocks.
Q4 results today: JSW Energy, PB Fintech among 134 companies to announce earnings on Thursday
JSW Energy's Q4 earnings are anticipated to show a strong sequential recovery, with net sales expected to reach ₹29.89 crore, reflecting both QoQ and YoY growth. EBITDA is projected to remain stable, while adjusted PAT is forecast to rise significantly QoQ but modestly YoY. Weak coal prices and merchant tariffs may impact overall earnings.
HP to rollout first PLI product in May, double India output
HP anticipates launching its first product under the PLI scheme next month, aiming to double its Indian production within a year. Despite tariff uncertainties, the company remains committed to its five-year production ramp-up plan, projecting that 13 percent of PCs sold in India will be locally manufactured by year-end, increasing to one in three by 2031.
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Apple CEO Tim Cook spoke to Commerce Secretary Lutnick over tariffs threatening $2,000 iPhones: Washington Post report
Apple CEO Tim Cook quietly convinced the Trump administration to exempt key electronics from punitive tariffs—shielding iPhones from a price surge. As Trump’s trade war escalated, Cook’s discreet diplomacy with U.S. officials, including Commerce Secretary Howard Lutnick, helped Apple win a rare reprieve. While other companies scrambled and failed, Cook’s measured relationship-building with Trump paid off—again. But the relief may be short-lived. The White House insists the exemptions are temporary. For now, Apple has dodged the blow. But the storm isn’t over.
Nasdaq futures soar 2%; tech shares soar on tariff relief for some electronics
Wall Street futures rose on Monday and most tech stocks surged after the White House exempted smartphones and computers from new tariffs on China, although additional semiconductor levies remain on the horizon.
A problem called dumping: 21 stocks from chemical & specialty chemical sector that may face business trouble in coming months
Global stock markets, including India, are focused on tariffs. Which is probably why we are missing a bigger and more immediate threat: Dumping. While the threat of dumping is omnipresent for Indian manufacturers, it is more acute in some sectors. Mind you, this is not about the possibility of dumping. It is about its certainty. There will be dumping of different products. The reason is simple: Domestic use of those products is limited in China. If they cannot export them to the US or other countries due to tariffs, they will have to dump them somewhere. Anti-dumping duties may seem like an antidote, but it is not as easy as it sounds.
US tech, retail stocks lead rout after Trump's tariff blow; Apple shares down 9%, Amazon 7%
President Trump's new tariffs have led to a global market meltdown, impacting major U.S. tech companies like Apple and retail giants such as Walmart and Nike. The 10% baseline tariff on all imports has spiked costs across industries, destabilizing global supply chains and raising recession risks. Tech and retail sectors, along with banks and auto industries, are facing significant losses.
ITL weighs tractor exports from India instead of US
International Tractors faces challenges exporting to Mexico and Canada due to US tariffs and plans to shift exports from India instead of Atlanta. ITL, the largest tractor exporter in India, expects a decline in overseas shipments in fiscal 2024-25 due to global trade wars. Major markets like the EU, North America face uncertainties affecting overall exports.
Zomato, Paytm, PB Fintech: Is it time to re-enter these high-beta stocks? Dipan Mehta answers
We need to be very selective when it comes to software companies and focus only on the companies which have demonstrated that they can grow at the mid-teens and not at that typical 8-10% type of growth rate because companies growing at 8-10% top line will never give superior returns over the longer period.
Specialty chemicals: Another re-set, or an opportunity? 6 stocks from different segments of chemical industry with upside potential of up to 38%
China Plus One is not in the headlines at the moment. But in the chemicals sector, both specialty and commodity chemicals, there are underlying changes taking place at a reasonably strong pace that may bring it back into the limelight. The focus is on ensuring at least partial backward integration so that, over the medium term, dependence on Chinese imports reduces. But that will take time, and during this phase there will be quarters, maybe years, when some of these companies will face some pressure. They may, for a while, turn from “buy” to “hold”, before turning “buy” again.
Dell forecasts upbeat full-year profit on cost cuts, robust AI server demand
The company competes with PC makers including HP Inc at a time when a sweeping US trade tariff on China could hurt companies by triggering a price increase on tech products. Dell said it was reviewing the tariff executive orders and subsequent government announcements to understand how they might affect its customers, adding that they have not yet impacted the company's pricing.
FOMC minutes, FII action among 9 factors that could impact D-Street trade this week
Indian benchmark indices fell for the eighth straight session to end Friday in the red amid FII selling with banks, auto and FMCG sectors among the big losers. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them.
Wall Street stocks end lower after inflation data, tech stocks push Nasdaq down
US stock markets fell on Wednesday. Tech stocks led the decline. Consumer spending rose, but inflation remained stubborn. Traders expect a Fed rate cut in December, but not in early 2024. Trump's tariff threats added to market uncertainty. Dell and HP's weak forecasts impacted the tech sector. The S&P 500 and Nasdaq saw significant drops. The Dow Jones also fell.
IT hardware cos struggle to meet FY25 PLI target on lack of orders
The Indian government's production-linked incentive (PLI) scheme for IT hardware is facing challenges. Many companies are finding it difficult to meet the targets. Major PC companies are opting for direct imports instead of local manufacturing. This is hindering the growth of local production and impacting the scheme's effectiveness.
Need two more PLIs for wearables and components: MAIT
MAIT, which represents major electronics companies such as Dixon Technologies, Dell, HP, Google amongst others, said the industry would review existing PLI schemes over the next two months to examine how they have fared vs policy objectives.
After GSPL, tariff cuts for GAIL also can’t be ruled out. Gajendra Singh of PNGRB explains why
PNGRB ensures regulated entities' returns are capped at 12% by carrying out pricing revision. Unified tariff has been introduced for the CGD companies as well as GAIL to sustain pipeline entities. Gajendra Singh of PNGRB says that emphasis is on transparency, customer benefits, and competition in gas sector for fair pricing.
GSPL shares hit 20% lower circuit after tariff order disappoints
GSPL shares plunged 20% to Rs 302 as PNGRB slashed tariffs for its high-pressure network by 47% to Rs 18.1/mmbtu from Rs 34.0/mmbtu, contrary to GSPL's requested revision to Rs 50.77/mmbtu.
Removal of additional tarrif on US products will hurt local economy, say Kashmir apple farmers
Regional political parties and apple growers in Kashmir are urging the Indian government to reconsider its decision to remove additional duties on American products, including apples, walnuts, and almonds. They argue that this move would negatively impact local farmers and result in significant losses for the already struggling apple industry. The Ministry of Finance recently announced the removal of tariffs on these products.
IT hardware companies seek clarity on import licensing process
The Indian IT hardware industry wants the government to provide clarity on operational details for import licenses so they are able to make contingency plans, senior executives have said. The current lack of clarity includes details around quota, validity of licence, whether there is demand for single or multiple licences for different ports, and whether exports and goods from special economic zones are exempt from needing the licence.
Airtel Q3 postpaid growth signals hike likely only in pre-paid segment: IIFL
The company, in its Q3 webcast, said that its postpaid to pre-paid ARPU ratio is at around 1.7x, which it feels is optimum to drive further growth in the segment. “When this hit 3.5x (in the past), postpaid adds saw a material slowdown. All these (points) seem to suggest that Bharti may not be in a hurry to raise postpaid tariffs,” brokerage firm IIFL said in a report.
Karnataka: Power tariff goes up by 35 paise per unit, MSME units get relief
The five electricity supply companies (Escoms) had sought an increase of Re 1.85 per unit. While electricity charges will go up by five paise per unit, the fixed charges will rise between Rs 10 and Rs 30 per HP/Kwh/KVA. The KERC has allowed a rebate of 50 paise per unit in the monthly energy consumption for one year for the MSME sector to help them overcome the adverse impact of Covid-19 pandemic.
India poised to grow electronics manufacturing to $300 billion in 3-4 years
The world is seeking more trusted sources for electronics post-COVID-19 and India has all the key elements in place to grab the opportunity, MoS for Electronics and IT Rajeev Chandrasekhar said.
Vodafone Idea revenue market share plunges in Q1; Jio, Airtel make strong gains
The sharp fall in VIL’s RMS has been triggered by heavy market-share declines in urban circles, exacerbated further by its critical 2G business revenues also taking a hit amid the Covid crisis, sector experts said, analysing Trai data.
We are preparing for the future with 3D printing: HP Inc CEO Dion Weisler
"We closely monitor the situation and when changes happen, we make adjustments. We have had three tranches of tariffs that were announced," says Dion Weisler.
Global PC shipments grew 1.5 pc to 63 mn units in Q2: Gartner
In a preliminary report for April-June 2019, Gartner said worldwide PC shipments' growth was driven by demand from the Windows 10 refresh in the business market.
Power tariff hike to have adverse effect on agriculture sector: GCCI
The power tariff hike order by Joint Electricity Regulatory Commission (JERC) in Goa would have an adverse effect on the agri sector, a state industry body has said.
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