Stock Movers: Apple's Tariff Woes, Intuit's Surge, and Deckers' Drop

Apple Faces Tariff Threat

• 🍎 Apple's shares moved lower following President Trump's threat of a 25% tariff if iPhones are not manufactured in the US.
• ⚠️ This pressure extends to other companies importing telephones into the United States, such as Samsung.
• 📉 Apple has experienced a consecutive downward trend in its stock price for about seven to eight days, a pattern not seen in several years.

Intuit Soars on Strong Earnings

• 📈 Intuit (INTU), a tax preparation software company, was the top gainer in the S&P 500 and NASDAQ 100.
• 💰 The company reported third-quarter results that beat expectations and raised its full-year forecast.
• 📊 Intuit's fiscal third-quarter revenue increased by 15% to $7.8 billion, exceeding analyst estimates.

Deckers Outdoor Tumbles on Weak Forecast

• 👟 Deckers Outdoor (DECK), parent company of Uggs, Hoka, and Teva, saw its shares tumble significantly.
• 📉 The stock fell as much as 24%, marking its largest intraday drop since March 2020.
• ⚠️ The decline was triggered by a disappointing fiscal first-quarter forecast, and the company declined to provide full-year guidance due to macro uncertainty.