Marius Grobler

Infinity Lounge

Day: March 26, 2025

Why ServiceNow Stock Dove by Almost 3% on Wednesday

Investors turned away from business process software stock ServiceNow (NYSE: NOW) on Hump Day. That was on the back of an analyst’s price target cut, even though said pundit remained generally optimistic about the company’s prospects.Regardless, the market’s reaction was expressed in a sell-off that pushed the stock’s price down by 2.6%, a steeper fall than the S&P 500’s (SNPINDEX: ^GSPC) 1.1% slide.Baird prognosticator Rob Oliver was the individual behind the move. Before the market open, he adjusted his ServiceNow price target downward, to $1,010 per share from his preceding $1,200. That was the bad news for the company and its investors. The good news was that Oliver maintained his outperform (read: buy) recommendation on the stock. Continue readinghttps://www.fool.com/investing/2025/03/26/why-servicenow-stock-dove-by-almost-3-on-wednesday/

Why Intel Stock Sank Today

Intel (NASDAQ: INTC) stock lost ground in Wednesday’s trading amid multiple bearish catalysts. The company’s share price fell 3.2% in a daily session that saw the S&P 500 drop 1.2% and the Nasdaq Composite fall 2.1%.Intel’s valuation took a step back today as investors weighed China-related risk factors for semiconductor companies. Concerns about new tariffs on the automotive industry also prompted a pullback for the broader market.Chip stocks got hit with significant pullbacks today as geopolitical risk factors came back into focus. The Trump administration added 80 new Chinese companies to its trade prohibition list, and businesses now blocked from buying U.S. products include customers of Intel, Nvidia, and others.Continue readinghttps://www.fool.com/investing/2025/03/26/why-intel-stock-sank-today/

Donald Trump announces new 25% tariffs on cars from overseas

President made announcement days before he is expected to unveil reciprocal tariffs on other imported goodsDonald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the president is expected to announce wide-ranging levies on other goods from around the world.“What we’re going to be doing is a 25% tariff for all cars that are not made in the United States,” Trump said in the Oval Office. “We start off with a 2.5% base, which is what we’re at, and go to 25%.” Continue reading…