Tariffs hamper Big Tech in the US + Apple has to raise prices + E-prescription drives growth of online pharmacy Redcare + Puma replaces boss after disappointing results + Canada imposes counter tariffs on some vehicles from the US

Tariffs hamper big tech in the USA

$AMZN (-0.65%) / $NVDA (+0.32%) / $MSFT (+0.16%)

• The high import tariffs announced by US President Trump on technology equipment from Asia, including 34% on China, 32% on Taiwan and 25% on South Korea, could hinder Big Tech's multi-billion dollar AI infrastructure projects in the US, according to analysts.
• Project Stargate, a $500 billion data center project by OpenAI, SoftBank and Oracle, as well as AI investments by Microsoft, Alphabet and Amazon could be delayed or curtailed as a result.

Apple $AAPL (-0.64%)must raise prices

• Apple faces the choice of absorbing the additional costs or raising iPhone prices by up to 43% due to new US import tariffs of 54% on Chinese goods, according to Rosenblatt Securities.
• Even if Apple were to relocate production to Vietnam or India, it would have to raise prices by at least 30% due to tariffs of 46% and 26% respectively, according to Counterpoint Research.
• Goldman Sachs warns that far-reaching US tariffs will weigh on global growth and force the Federal Reserve to cut interest rates more aggressively than previously expected.
• Ashish Shah, Chief Investment Officer at Goldman Sachs Asset Management, describes this as a growth shock and a burden for US consumers.

E-prescription drives growth of online pharmacy Redcare $RDC (-0.45%)

• The online pharmacy Redcare Pharmacy grew strongly in the first quarter.
• The company continued to benefit from a strong increase in business with electronic prescriptions, particularly in Germany.
• According to a statement on Friday, the company increased its revenue by 28 percent year-on-year to 717 million euros, which was slightly above market estimates.
• In Germany alone, sales of e-prescriptions almost tripled to 108 million euros.
• This key figure is a particular focus for investors and analysts.
• At company level, it reportedly increased by almost 50 percent to 233 million euros.
• However, Redcare continues to generate the lion's share of its business with the sale of non-prescription products.
• Revenues here rose by almost a fifth to 484 million euros.
• The online pharmacy did not disclose earnings figures, but the earnings before interest, taxes, depreciation and amortization (EBITDA) margin "should be positive again," explained CFO Jasper Eenhorst.
• Redcare is "clearly on course" to achieve its annual targets.
• The company plans to publish its full quarterly report on May 6.

Puma $PUM (-1.55%)replaces CEO after disappointing results

• Following a recent disappointing performance, the sporting goods manufacturer Puma is making a change of boss.
• Arne Freundt is stepping down as CEO on April 11 "due to differing views on the implementation of the strategy", the company announced in Herzogenaurach on Thursday.
• The Supervisory Board has appointed Arthur Hoeld as the new Puma CEO from July 1, it said. He was responsible for global sales as a member of the Adidas Executive Board until October 2024.
• Matthias Bäumer, previously Vice President for the Teamsport segment, will also take over the position of Chief Sales Officer from April 1.
• Puma is currently experiencing a huge crunch: after a decline in profits last year, the Adidas competitor is also expecting falling results for 2025.
• Trade tensions, cautious consumers and strong fluctuations in exchange rates are weighing on the Swiss franc, which is massively lagging behind its local rival.

Canada imposes counter-tariffs on some vehicles from the USA

• Canada is responding to US President Donald Trump in the trade war and imposing counter-tariffs on certain vehicle imports from the United States.
• Ottawa will impose 25 percent import duties on all cars not produced under the North American trade pact USMCA, announced Canadian Prime Minister Mark Carney.
• The measures should cause maximum damage to the US economy, but spare the Canadian economy as much as possible.
• Carney emphasized that the United States was no longer a friendly partner for Canada and that the country would defend its interests and sovereignty.
• According to Carney, he had also spoken to the acting Federal Chancellor Olaf Scholz on the phone that morning.
• They discussed strengthening the "diverse trade relations" between the two countries.
• "In light of the crisis caused by President Trump's tariffs, reliable trading partners are more important than ever," Carney wrote on the X platform.
• Trump launched a trade war against neighboring Canada and Mexico shortly after taking office, but has withdrawn some tariffs several times.
• Although Canada was not mentioned in the latest announcements by the US government, tariffs already imposed on the country still apply.
• The Canadian automotive industry is particularly affected.

Friday: Stock market dates, economic data, quarterly figures

Stock market holiday in China and Hong Kong

• ex-dividend of individual stocks
• Aurubis EUR 1.50
• JPMorgan Chase 1.40 USD
• American Express USD 0.82
• Bristol-Myers Squibb USD 0.62

• Quarterly figures / company dates Europe
• 07:00 Sodexo half-year figures
• 11:00 Bawag Group AGM
• No time specified: Banco Santander AGM

• Economic data

08:00 DE: New orders February seasonally adjusted FORECAST: +3.5% yoy previous: -7.0% yoy

08:00 DE: Manufacturing Turnover February | Services Turnover January

08:45 FR: Industrial Production February FORECAST: +0.2% yoy previous: -0.6% yoy

10:00 EUECB Vice-President Luis de Guindos, speaks at Academia Europea Leadership Event

14:30 US: Labor Market Data March Employment ex Agriculture PROGNOSE: +140,000 yoy previous: +151,000 yoy Unemployment rate PROGNOSE: 4.1% previous: 4.1% Average hourly earnings PROGNOSE: +0.3% yoy/+3.9% yoy previous: +0.3% yoy/+4.0% yoy

17:25 US: Fed Chairman Powell, economic outlook speech

No time specified: UK: Governor of the Bank of England, meeting of the Financial Policy Committee

Now the shopping can begin

I'm still pretty much at the beginning of my portfolio. In your opinion, should I continue to expand my core in the current situation or take advantage of the bargains at $GOOGL (-0.34%) , $NVDA (+0.32%) and co? :)

Position full, unless the price drops again by a lot 😀

But I hope not, because otherwise I won't have any more cash to buy 😶$NVDA (+0.32%)

Yay! Exciting news about Trump's tariffs is once again causing a stir on social media! 😄 Finfluencers are predicting a rollercoaster ride for the stock market. Sure, there could be a dip today and maybe even on Friday (if you're short, here we go! But fear not, many countries are gearing up to lower their tariffs, which will increase US tariffs and promote global free trade. That's my take on it. In a few days you will look back on this situation and see that it turned out exactly as expected, all half as bad. Don't let other finfluencers stress you out, they only focus on short term declines without seeing the big picture. 😄

Stay calm and invest in solid companies. The market has a history of bouncing back from challenges and this time will be no different. Remember, investing is a marathon, not a sprint, and these ups and downs are just temporary noise. Stick to the fundamentals of the companies you trust and you'll likely come out a winner. Patience is key, and sometimes it's best to just stay where you are.

$NVDA (+0.32%)
$NOVO B (-0.56%)
$TSLA (-0.09%)
$GOOGL (-0.34%)
$RHM (+0.99%)
$SPY (-0.51%)
$QQQ
$CSNDX (+0.04%)
$GLDA (-0.23%)
$BTC (+2.67%)
$XRP (+1.76%)

25% on cars & reciprocal tariffs. So nothing new.

Barker from the auto industry about what he sees (biased bubble? ^^). Underutilized factories, job cuts, etc.

Canada as an unfair trading partner with high tariffs (Trump signed the last trade deals with Canada and Mexico 🤡).

Australia has high tariffs on beef. Australia also has an oversupply. Even without tariffs, Australians will continue to buy local beef - because it's cheaper than US beef anyway...

I want to take notes, but I can't

with this nonsense. 😂😂

Trump and sin Trade Deficit... Trade deficits are neither good nor bad per se. Very large deficits can have a negative impact on the economy. A trade deficit can be a sign of a strong economy and under certain conditions can lead to stronger economic growth in the country where the deficit exists. But he just didn't understand that... Macroeconomics is just not his thing...

(For the exact list: https://getqu.in/5RMOVN/

https://getqu.in/5RMOVN/ / @BamBamInvest )

Trump presents like he's playing bullshit bingo. 😂😂 "He's a great friend of mine blah blah blah but they charge us horribly. No one has ever treated worse blah blah blah. " 😂😂

Calculation bases are unclear and not mentioned. (Please post/comment if you find anything).

Regarding the situation vis-à-vis Switzerland:

• Industrial goods: Since January 2024, Switzerland no longer imposes tariffs on industrial goods, which means that almost 99% of goods imported from the USA can be imported duty-free.

More blah blah blah about what he does sooooo well... NVDA and other companies were mentioned ($NVDA (+0.32%) lost 2% at practically the same time 😂).

Bad China blah blah Bad trade agreements blah blah China has taken advantage of us (maybe partly right? Economically opportunistic - who wouldn't do it that way...? )

So, enough of my own blah blah blah.

Conclusion: Nothing (great) new.

My expectation: volatility. Shorter/longer and stronger/weaker depending on international reactions. But the recovery will come quickly. Other countries will also increase tariffs in some cases - until the calculation has been clarified... China is firing up the printing press for local consumption. EU lets itself drift and seeks a compromise. Switzerland is negotiating behind closed doors and without much turmoil - will hardly affect "us".

In the middle of March I sold my $NVDA (+0.32%) shares at € 109 and bought this Liebherr refrigerator.

Unfortunately, I missed the opportunity to buy at 97 euros. But now I have the opportunity to buy at 100 or maybe 99. What should I do?

Or better without Nvidia in my portfolio?