Umair
Check out the companies making headlines in midday trading: Stocks moving on tariffs — U.S. stocks are off their lows after the U.S. and Mexico said tariffs against the latter country would be delayed for one month. Initially, stocks dropped on tariffs announced over the weekend against key trading partners, with a 25% tax on goods from Canada and Mexico, and a 10% levy on imports from China. The companies most affected are automakers and suppliers, consumer goods makers, clothing companies, steelmakers, railroads, transportation providers, nuclear stocks on Canadian uranium exposure, restaurant chains on higher food costs, homebuilders and solar stocks. General Motors — -2.8% Ford — -1.8% Tesla — -6% Aptiv — -4% Cummins — -1.9% Constellation Brands — -2.8% Diageo — -1.9% Nike — -1.9% Lululemon Athletica — -1.2% Steel Dynamics — -1% Apple — -4% Canadian Pacific Kansas City — -5.9% FedEx — -5.7% GE Vernova — -3.2% Toll Brothers — -3% Tyson Foods — The poultry and beef giant gained 1.8% after the company’s fiscal first-quarter results exceeded expectations. Tyson posted earnings of $1.14 per share, more than the 90 cents per share estimated by analysts polled by FactSet. Sales rose about 2.3% year over year, led by growth in the beef category. Triumph — Shares soared 34% upon the news that the aerospace services supplier would be acquired by affiliates of Warburg Pincus and Berkshire Partners. Triumph shareholders will receive $26 per share in cash, making the deal worth around $3 billion total. IDEXX Laboratories — Shares surged 11% after the veterinary health-care company posted fourth-quarter revenue of $954.3 million, topping the FactSet estimate of $935.1 million. PVH — Shares dropped 6.6%. Wells Fargo downgraded PVH to equal weight from overweight, saying the apparel company behind Calvin Klein and Tommy Bahama feels like a value trap due to mounting issues around inventory risk and foreign currency pressure. Tempur Sealy — Shares popped 5.4% after a court victory allowed it to acquire Mattress Firm. A judge denied the Federal Trade Commission’s attempt to block the deal. Owens & Minor — The stock dropped 28% after Owens & Minor reported preliminary quarterly results, as well as a noncash goodwill impairment charge of about $310 million. Fourth-quarter revenue of $2.67 billion to $2.70 billion falls short of the FactSet consensus estimate of $2.73 billion. iShares MSCI Mexico ETF (EWW) — The index fund tracking Mexican stocks jumped 2.2%, reversing earlier losses after Trump announced that tariffs on the southern neighbor to the U.S. would be delayed by one month. iShares MSCI Canada ETF (EWC) — The index fund tracking Canadian stocks fell 1.6% as investors weighed the potential effect of tariffs announced over the weekend. The fund was down about 3.4% at its low point Monday morning. Prologis — Shares dipped 1.7% after Raymond James downgraded the real estate investment trust to market perform from outperform, citing the company’s recent outperformance after strong quarterly results and mixed 2025 guidance. Investor expectations may “have been reset too high,” the firm said in a Monday note. — CNBC’s Michelle Fox, Lisa Han, Yun Li, Jesse Pound and Pia Singh contributed reporting.
