Nike Jumps on Trade Deal, Amcor Gains Momentum, Molina Health Declines
Stock Movers2 Jul 2025

Nike Jumps on Trade Deal, Amcor Gains Momentum, Molina Health Declines

On this episode of Stock Movers:

Nike (TICKER NKE; +1.5%) - Shares jumped after US President Donald Trump said he reached a trade deal with Vietnam on Wednesday, though quickly reversed after the tariff was set at 20% with 40% tariff on “transshipping” as part of a trade deal- Vietnam is a critical production hub for companies such as Nike Inc., Gap Inc. and Lululemon Athletica Inc., which count on the southeast Asian nation’s factories to manufacture goods ranging from T-shirts to jeans to basketball shoes - Trump imposed a 46% tariff on Vietnam as part of a global campaign to reset US trade in April, which sent the shares of shoe and apparel companies tumbling


Amcor (TICKER AMCR; +1.2%)- initiated with a buy recommendation at Jefferies, with the broker seeing a compelling risk-reward ratio and good earnings momentum for the packaging solutions group following its combination with Berry Global- Places price target at $12; shares closed Tuesday at $9.58


Molina Health (TICKER MOH; -20%)- Side-swiped in the Centene declines; shares are down 11% in the past five days and fell 12% in the past 30 days.- Trading volume 16% above the 20-day average at this time of day - Molina trades at 11 times its estimated earnings per share for the coming yea

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