In This Article:
Amer Sports (AS) stock pops after beating first quarter earnings expectations and lifting its full-year outlook.
General Motors (GM) says it will halt exports of cars from the US to China amid ongoing trade tensions.
Apple (AAPL) is in focus as iPhone exports from China to the US hit a 14-year low.
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It's now time for some today's trending tickers. We are watching Amare Sports, General Motors, and Apple. First up, Amare Sports, topping first quarter expectations with revenue increasing 23% from a year prior. The sporting equipment company also raising its full-year guidance as it continues to gain market share. The CEO saying they're confident in their ability to manage a variety of tariff outcomes. Next up, General Motors saying it will stop shipping cars to China from the United States as trade negotiations continue between the two countries. The automaker imported vehicles to China from the US through its Durant Guild premium import business. A spokesperson for the company saying, quote, due to significant changes to economic conditions, we've decided to restructure the guild and correspondingly optimize GM China's operations. Shares down just a tick. Finally here, looking at Apple, as China's iPhone exports fall to the lowest level since 2011 to the United States. Smartphone smartphone exports slid 72% to just under $700 million in April as tariffs disrupt the tech company's supply chain. Those shares down about half a percent. You can scan the QR code on your screen to track the best and worst performing stocks with Yahoo Finance's trending tickers page.