Today’s Stocks to Watch: Apple, Alibaba, and Airbus
Key Points To Watch Out For:
- Apple shares rose in premarket trading after losing market dominance to Microsoft.
- Alibaba gained 6% despite new US tariffs on China.
- Cal-Maine fell nearly 5% over a pricing investigation and quarterly report.
Apple (AAPL): Rebound After Losing Crown to Microsoft
Apple shares rose in premarket trading after dropping on Tuesday, the day Microsoft overtook Apple as the world’s most valuable company. The previous decline followed statements from the White House, where President Trump expressed a desire for iPhones to be manufactured in the United States.
Alibaba (BABA): Recovery After Sharp Fall Due to Trade Tensions
Alibaba shares bounced 6% in premarket trading, regaining ground lost during the previous session. This recovery came despite the U.S. announcement of 104% tariffs on Chinese imports, which triggered volatility across the Chinese technology sector.
Cal-Maine (CALM): Investigation and Mixed Results Put Pressure on Shares
Cal-Maine fell nearly 5% before the opening bell after the company confirmed it is cooperating with a Department of Justice investigation into the recent spike in egg prices. Although the company reported higher quarterly revenue and profits, the market reacted negatively to the ongoing regulatory uncertainty.
Airbus (AIR): Tariff Criticism Affects the Aeronautical Giant
Airbus shares fell nearly 3% in Paris after the French Industry Minister warned that U.S. tariffs are disrupting cross-border supply chains. Airbus was specifically cited as one of the companies most affected by the trade measures.
Bang & Olufsen (DK:BO): More Price Increases Due to Tariffs
Danish consumer electronics company Bang & Olufsen announced it would raise its prices starting May 1st in response to the new U.S. tariffs. Its shares fell on the Copenhagen stock exchange, pressured by expectations of weaker sales due to higher consumer prices.