US Steel's Trump Moment 🤦

And, Constellation Brands' weak outlook.

April 10, 2025

Today is Thursday, April 10, 2025.

The Early Bird Index today is 65.11

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US Steel's Trump Moment 🤦

Shares of US Steel $X ( ▲ 0.71% ) dropped 10.97% in after-hours trading on Wednesday after President Trump made some comments about the company’s future.

Details: Trump said that US Steel was a “special company” and he preferred that it not get acquired by a Japan-based company.

Background: Negotiations have been going on for months involving Japan’s Nippon Steel $NPSCY ( ▼ 2.53% ) offering to buy US Steel. Trump recently issued a new review of the potential Nippon-US Steel merger.

Early Bird’s Nest Egg Gains: If Nippon Steel does not acquire U.S. Steel, the outcome could be both positive and negative for U.S. Steel.

  • The benefits of the deal getting canceled include preserving the company’s independence and avoiding political backlash.

  • But the downsides include missed financial gains, modernization weaknesses, and challenges competing internationally.

Final Thoughts: US Steel’s stock is up 38% this year.

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Notables

Notable Earnings Today: CarMax (NYSE: KMX), Lovesac (Nasdaq: LOVE), Bank7 (Nasdaq: BSVN), Byrna Technologies (Nasdaq: BYRN), Northern Technologies International (Nasdaq: NTIC).

Notable IPOs Today: Tianci International, Inc. Common Stock (Nasdaq: CIIT), Aether Holdings, Inc. Common Stock (Nasdaq: ATHR), Dune Acquisition Corporation II Units (Nasdaq: IPODU).

Notable Equity Crowdfunding Campaigns Ending Today: Sano Chemicals (StartEngine), Bibi Ji (SMBX).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Consumer Price Index / Core CPI / (8:30 a.m. ET), WASDE Report (12:00 p.m. ET), Federal Budget Balance (2:00 p.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Constellation Brands' Weak Outlook

Despite Constellation Brands $STZ ( ▼ 0.42% ) posting better-than-expected financial results on Wednesday, shares of the producer of beer, wine, and spirits fell 3.48% in after-hours trading.

Financials: Constellation Brands reported earnings of $2.63 per share and revenue of $2.16 billion in the last quarter; both were better than expected.

Details: The company also announced plans on Wednesday to divest its mainstream wine business.

Powering the Story: Investors were disappointed with the company’s outlook, which was impacted by the new tariffs.

Final Thoughts: Constellation Brands, down over 17% this year, will probably struggle in 2025 because of tariffs on some of its portfolio items, such as Corona and Modelo beer.

Cryptos Surge Amid Tariff Pause

It wasn’t just the stock market that benefited on Wednesday from President Trump abruptly pausing some tariffs, as cryptocurrency prices also rebounded.

Prices: Ethereum $ETH.X ( ▲ 4.11% ) , Dogecoin $DOGE.X ( ▲ 6.83% ) , and Solana $SOL.X ( ▲ 5.02% ) also jumped more than 13% on Wednesday.

Final Thoughts: Despite Wednesday’s surge, most crypto prices are still down in 2025.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.