On this episode of Stock Movers:
- Tesla (TSLA) shares are moving to the downside after its China’s March total shipments dropped 11.5% y/y to 78,828 units, according to Bloomberg calculations based on preliminary data released by China’s Passenger Car Association. The company faces challenges including a production slowdown, cooling EV market, and broader economic uncertainty, and aims to return to growth after logging its first annual sales drop in over a decade last year.
- Palantir (PLTR) shares dipped this morning as the AI play, which has partnerships with hyperscalers, continues to move to the downside amid uncertainty and artificial intelligence uncertainty.
- Amazon (AMZN) is moving downward this morning with tech in focus on Liberation Day and how tariffs will affect supply chains of the Big Tech companies.
- Schwab (SCHW) is the biggest upside mover in the S&P 500 premarket after Citigroup raised the recommendation on the financial services firm to buy from neutral. Analyst Chris Allen wrote in a note, “For most names, we have reduced our earnings estimates due to market-driven and/or capital markets revisions. Schwab was the exception where improving new net assets trends, better-than-expected trading and capital return outlook provided an offset."

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