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$ELF Beauty is buying Hailey Bieber’s Rhode brand for $1 billion—$800M in cash and stock, plus $200M based on future performance. Rhode pulled in $212M revenue in year three and heads to Sephora later this year. Bieber will stay on as chief creative officer https://t.co/cyG4FEVXMP
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$ELF Beauty is buying Hailey Bieber’s Rhode brand for $1 billion—$800M in cash and stock, plus $200M based on future performance. Rhode pulled in $212M revenue in year three and heads to Sephora later this year. Bieber will stay on as chief creative officer https://t.co/cyG4FEVXMP
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Best Stock Pitches newsletter dropping tomorrow. Many great ideas in this issue.
Subscribe here to get it in your inbox 👇
https://t.co/JMLSGe7zj7
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Best Stock Pitches newsletter dropping tomorrow. Many great ideas in this issue.
Subscribe here to get it in your inbox 👇
https://t.co/JMLSGe7zj7
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The U.S. Court of International Trade just ruled Trump’s global “Liberation Day” tariffs invalid, saying the president doesn’t have the authority to impose sweeping tariffs under IEEPA. The Trump admin has already filed an appeal. https://t.co/fGOLCM5NoS
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The U.S. Court of International Trade just ruled Trump’s global “Liberation Day” tariffs invalid, saying the president doesn’t have the authority to impose sweeping tariffs under IEEPA. The Trump admin has already filed an appeal. https://t.co/fGOLCM5NoS
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ELON MUSK: FIRST DELIVERY OF $TSLA SELF-DRIVING MODEL Y CARS IN JUNE https://t.co/0m1Zgrrf2S
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ELON MUSK: FIRST DELIVERY OF $TSLA SELF-DRIVING MODEL Y CARS IN JUNE https://t.co/0m1Zgrrf2S
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Wall St Engine
Today's Key Events (All EST) — 05/29/2025
08:30: US Initial Jobless Claims
08:30: US GDP QoQ 2nd Estimate
08:30: Fed's Barkin
110:40: Fed's Goolsbee
13:00: US 7-Year Auction
14:00: Fed's Kugler Speaks
16:00: Fed's Daly Speaks
Before Open 👇
04:00: $FUTU
04:35: $LI
05:25: Canadian Imperial Bank of Commerce $CM
06:00: Royal Bank of Canada $RY
06:00: BRP $DOOO
06:25: Bath & Body Works $BBWI
06:30: Hormel Foods $HRL
06:45: Foot Locker $FL
06:45: Burlington Stores $BURL
06:45: Caleres $CAL
06:45: Movado Group $MOV
07:00: Best Buy $BBY
07:00: Kohl's $KSS
07:00: Roivant Sciences $ROIV
07:00: SpartanNash $SPTN
07:00: Hamilton Lane $HLNE
07:05: Build-A-Bear Workshop $BBW
After Hours 👇
04:00: NetApp $NTAP
04:05: Marvell Technology $MRVL
04:05: Dell Technologies $DELL
04:05: Zscaler $ZS
04:05: Elastic $ESTC
04:05: ULTA Beauty $ULTA
04:05: American Eagle Outfitters $AEO
04:05: Ambarella $AMBA
04:05: PagerDuty $PD
04:05: Red Robin Gourmet Burgers $RRGB
04:10: UiPath $PATH
04:15: Costco $COST
04:15: CooperCompanies $COO
04:20: Gap $GAP
04:40: NGL Energy Partners $NGL
After Close: STARZ $STRZ
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Today's Key Events (All EST) — 05/29/2025
08:30: US Initial Jobless Claims
08:30: US GDP QoQ 2nd Estimate
08:30: Fed's Barkin
110:40: Fed's Goolsbee
13:00: US 7-Year Auction
14:00: Fed's Kugler Speaks
16:00: Fed's Daly Speaks
Before Open 👇
04:00: $FUTU
04:35: $LI
05:25: Canadian Imperial Bank of Commerce $CM
06:00: Royal Bank of Canada $RY
06:00: BRP $DOOO
06:25: Bath & Body Works $BBWI
06:30: Hormel Foods $HRL
06:45: Foot Locker $FL
06:45: Burlington Stores $BURL
06:45: Caleres $CAL
06:45: Movado Group $MOV
07:00: Best Buy $BBY
07:00: Kohl's $KSS
07:00: Roivant Sciences $ROIV
07:00: SpartanNash $SPTN
07:00: Hamilton Lane $HLNE
07:05: Build-A-Bear Workshop $BBW
After Hours 👇
04:00: NetApp $NTAP
04:05: Marvell Technology $MRVL
04:05: Dell Technologies $DELL
04:05: Zscaler $ZS
04:05: Elastic $ESTC
04:05: ULTA Beauty $ULTA
04:05: American Eagle Outfitters $AEO
04:05: Ambarella $AMBA
04:05: PagerDuty $PD
04:05: Red Robin Gourmet Burgers $RRGB
04:10: UiPath $PATH
04:15: Costco $COST
04:15: CooperCompanies $COO
04:20: Gap $GAP
04:40: NGL Energy Partners $NGL
After Close: STARZ $STRZ
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BOEING $BA expects to certify its 737 MAX 7 and MAX 10 jets by the end of 2025, CEO Kelly Ortberg told Aviation Week. The planes—facing years of delays—have over 1,500 combined orders. Boeing also aims to deliver its long-delayed 777-9 next year. https://t.co/KOIe21bKcz
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BOEING $BA expects to certify its 737 MAX 7 and MAX 10 jets by the end of 2025, CEO Kelly Ortberg told Aviation Week. The planes—facing years of delays—have over 1,500 combined orders. Boeing also aims to deliver its long-delayed 777-9 next year. https://t.co/KOIe21bKcz
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VINFAST $VFS IN TALKS FOR $200M LOAN FROM INDIAN BANKS AHEAD OF INDIA LAUNCH — Part of its $500M India investment, the loan could be in rupees or foreign currency. Plant opens June 30 in Tamil Nadu, with VF6 and VF7 bookings coming soon. Shift marks pivot away from U.S. and EU focus
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VINFAST $VFS IN TALKS FOR $200M LOAN FROM INDIAN BANKS AHEAD OF INDIA LAUNCH — Part of its $500M India investment, the loan could be in rupees or foreign currency. Plant opens June 30 in Tamil Nadu, with VF6 and VF7 bookings coming soon. Shift marks pivot away from U.S. and EU focus
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Wall St Engine
Deutsche Bank Upgrades $LUV to Buy from Hold, Raises PT to $40 from $28
Analyst comments: "Upgrading LUV from Hold to Buy… three key reasons. In conjunction with the release of our 2025 edition of our Value Creation Primer dated May 28, 2025, we are upgrading Southwest (LUV) from Hold to Buy based on three key reasons. The three drivers behind our Buy rating are as follows: 1) Southwest's refreshed board of directors (along with Elliott Management) has ushered in a new era of change at the company, which we think will drive higher shareholder returns; 2) current strategic initiatives should drive meaningful revenue and EBIT growth over the next 12–24 months; and 3) we think Southwest's return on invested capital (ROIC) will significantly improve over the next two years."
Analyst: Michael Linenberg
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Deutsche Bank Upgrades $LUV to Buy from Hold, Raises PT to $40 from $28
Analyst comments: "Upgrading LUV from Hold to Buy… three key reasons. In conjunction with the release of our 2025 edition of our Value Creation Primer dated May 28, 2025, we are upgrading Southwest (LUV) from Hold to Buy based on three key reasons. The three drivers behind our Buy rating are as follows: 1) Southwest's refreshed board of directors (along with Elliott Management) has ushered in a new era of change at the company, which we think will drive higher shareholder returns; 2) current strategic initiatives should drive meaningful revenue and EBIT growth over the next 12–24 months; and 3) we think Southwest's return on invested capital (ROIC) will significantly improve over the next two years."
Analyst: Michael Linenberg
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Goldman Sachs says the recent trade court ruling won’t stop the Trump administration from moving forward with new tariffs. In a note, Alec Phillips writes that even if the IEEPA-based tariffs are struck down, the White House could use Section 122 of the Trade Act of 1974 to impose up to 15% tariffs for 150 days without any formal investigation. That short-term move could serve as a bridge while launching Section 301 investigations, which take longer but allow for more durable, targeted tariffs.
Goldman notes that sector-based tariffs, like those already applied to steel and autos under Section 232, remain unaffected by the court ruling. Phillips adds, “We already expect additional sectoral tariffs (pharmaceuticals, semiconductors/electronics, etc.) and uncertainty regarding the IEEPA-based tariffs could lead the White House to put more emphasis on sectoral tariffs, where there is much less legal uncertainty.”
He also flags Section 338 of the 1930 Trade Act as another tool available to the president, though it’s never been used and doesn’t require congressional input. Overall, Goldman calls the court ruling a “nothingburger” given the other options still available to impose trade measures.
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Goldman Sachs says the recent trade court ruling won’t stop the Trump administration from moving forward with new tariffs. In a note, Alec Phillips writes that even if the IEEPA-based tariffs are struck down, the White House could use Section 122 of the Trade Act of 1974 to impose up to 15% tariffs for 150 days without any formal investigation. That short-term move could serve as a bridge while launching Section 301 investigations, which take longer but allow for more durable, targeted tariffs.
Goldman notes that sector-based tariffs, like those already applied to steel and autos under Section 232, remain unaffected by the court ruling. Phillips adds, “We already expect additional sectoral tariffs (pharmaceuticals, semiconductors/electronics, etc.) and uncertainty regarding the IEEPA-based tariffs could lead the White House to put more emphasis on sectoral tariffs, where there is much less legal uncertainty.”
He also flags Section 338 of the 1930 Trade Act as another tool available to the president, though it’s never been used and doesn’t require congressional input. Overall, Goldman calls the court ruling a “nothingburger” given the other options still available to impose trade measures.
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