After Bill Ackman revealed a big investment, the car rental company fell 6.4% after stocks rose 112% and inventory rose 112%. Pershing Square has acquired a 19.8% stake in Hertz, earning full share ownership and a total return swap. Ackman believes Hertz is “uniquely well positioned” in President Donald Trump’s tariff regime, as it is likely that the price of used cars will rise. Tesla – Shares in the electric vehicle company fell 6.8% after Barclays lowered Tesla’s price target ahead of its first quarter earnings report. The company cited the “disruptive” visibility heading towards revenue, saying it would be “increasingly difficult” for Tesla to see volume growth in 2025. NVIDIA’s shares slid nearly 3% on Thursday and almost 7% on Wednesday, and last week they said they would record a $5.5 billion billing on controls regarding exporting H20 graphics processing units to China and other destinations. Semiconductor Stocks – Shares in other chip stocks slid on Monday, with Taiwanese semiconductor manufacturing down more than 2.5%, while advanced microdevice and Broadcom fell by about 3.3% and about 4% respectively. A pullback occurs as analysts warned that US chip control could benefit local artificial intelligence chip players in China. Amazon – E-commerce giant stocks fell 3.3% behind the downgrade of Raymond James, outperforming their performance from Strong Buy. The company also cut its price targets and highlights concerns tied to tariffs and economic backgrounds. Apple-iPhone maker’s stocks slipped over 2.5% amid growing uncertainty related to Trump’s tariffs. Moffett Nathanson predicted Monday that taxation would damage the company’s revenues in the long term. Megacap technology name fell by more than 14% this month. Alphabet – The tech giant has dropped 2.8% after a federal judge last week said it held an illegal monopoly in the online advertising market. Google’s parents are scheduled to report their latest quarterly report on Thursday as the company handles tariff uncertainty. Netflix – The streaming giant climbed over 1% in the background of first quarter revenue and revenue beats. Netflix also cited relative insulation from tariffs. Several Wall Street analysts raised their stock price targets on Monday. COMERICA – Regional bank shares have fallen by more than 4% after Comerica said it expected the average loan and average deposits to fall in 2025. However, Comerica’s first quarter revenue of $1.25 per share defeated its $1.16 forecast, according to Factset. MicroStrategy – Shares in Bitcoin Proxy, which have recently been rebranded to strategy, rose slightly on Monday. Bitcoin prices are profitable as Bitcoin prices rose almost 4%, in contrast to the wider market selling and the US dollar reached its lowest level in three years. – CNBC’s Alex Hurling, Jesse Pound, Yoon Lee, Hakyung Kim, Pia Shin and Sarah Min reported.
