Trump Tariffs: You Won't Believe What Top Stock Is Below Its 52-Week Low
The stock market has gotten off to a very different start to the year than most investors might have imagined. The broader benchmark S&P 500 (SNPINDEX: ^GSPC) is down close to 5%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) has entered correction territory (as of March 11). Investors seem to have overplayed their hands in believing that President Donald Trump would not follow through on campaign promises to implement sweeping tariffs against key U.S. trading partners, including China, Mexico, and Canada. That, coupled with weaker economic data, has stoked concerns about a recession or maybe even stagflation.While the situation is fluid, many stocks have been hit hard, presenting a potential buying opportunity. You won't believe the stock that recently hit a 52-year low.The artificial intelligence trade has fueled the recent bull market run. Investors poured into stocks tied to AI, which many believe will revolutionize life as we know it. The "Magnificent Seven" stocks, a group of tech stocks heavily believed to be huge beneficiaries of AI, emerged from this trade.Continue reading
The stock market has gotten off to a very different start to the year than most investors might have imagined. The broader benchmark S&P 500 (SNPINDEX: ^GSPC) is down close to 5%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) has entered correction territory (as of March 11). Investors seem to have overplayed their hands in believing that President Donald Trump would not follow through on campaign promises to implement sweeping tariffs against key U.S. trading partners, including China, Mexico, and Canada. That, coupled with weaker economic data, has stoked concerns about a recession or maybe even stagflation.
While the situation is fluid, many stocks have been hit hard, presenting a potential buying opportunity. You won't believe the stock that recently hit a 52-year low.
The artificial intelligence trade has fueled the recent bull market run. Investors poured into stocks tied to AI, which many believe will revolutionize life as we know it. The "Magnificent Seven" stocks, a group of tech stocks heavily believed to be huge beneficiaries of AI, emerged from this trade.
