Republican Tim Moore disclosed numerous stock trades. A lot of these are very well timed trades. For example, he sold a ton of $F Ford and $HOG Harley-Davidson, BEFORE tariff news and auto tariffs effecting these companies, causing them to collapse. He also seems to be day trading with $TNA a 3x leveraged ETF, as well as YieldMax $SMCI option income etf $SMCY. Unusual.

MARKET UPDATE: CONSUMER 🔸 Autos ($GM, $F, $STLA, $TSLA): Trump plans 25% tariffs on foreign cars/parts starting Thursday. He told NBC he "couldn’t care less" if automakers raise prices. 🔸 Harley-Davidson ( $HOG): Warns EU’s potential 50% retaliatory tariff could push prices to extreme levels. ENERGY, INDUSTRIALS & MATERIALS 🔸 FTC Solar ( $FTCI): Q4 adj. EPS loss (-$0.80) vs. est. (-$0.84); revenue $13.2M vs. est. $11.61M; Q1 rev. outlook ($18M-$20M) vs. consensus $23.47M. 🔸 Honeywell ( $HON): Plans to take Quantinuum public by 2026-2027, market conditions permitting. 🔸 U.S. Steel ( $X): Downgraded to Market Perform at BMO; Steel Dynamics (STLD): Upgraded to Outperform, seen benefiting from Trump's tariffs. FINANCIALS 🔸 Cannae ( $CNNE): Plans to use $460M from Dun & Bradstreet sale for buybacks, dividends, and debt reduction. 🔸 LPL Financial ( $LPLA): Acquiring Commonwealth Financial for ~$2.7B in cash (2,900 advisors, $285B AUM). 🔸 PNC Financial ( $PNC): Upgraded to Buy at HSBC. HEALTHCARE 🔸 RFK Jr.: Doubling HHS layoffs to 20,000, consolidating divisions from 28 to 15, renaming it "Administration for a Healthy America ( $AHA)." 🔸 Waters Corp. ( $WAT): Upgraded to Overweight at KeyBanc ($460 target), citing strength in pharma/biotech manufacturing. TECH, MEDIA & TELECOM 🔸 xAI & X Merger: xAI acquires X in an all-stock deal, valuing xAI at $80B and X at $33B. The merger integrates AI expertise with X’s distribution and data. 🔸 Semiconductors: Renesas, Sumco, and Tokyo Electron among Japan’s biggest losers as Nikkei 225 slumps. Foxconn and TSMC also fell in Taiwan.

#Downgrades - Oct 02, 2024 $NKE: CFRA Downgrades to Hold from Buy - PT $89 $GRTS: Jones Trading Downgrades to Hold from Buy $SSTK: Citi Downgrades to Neutral from Buy - PT $2 (from $8) $GEV: Raymond James Downgrades to Market Perform from Outperform $PRMW: Raymond James Downgrades to Market Perform from Outperform $PBF: JPMorgan Downgrades to Neutral from Overweight - PT $40 (from $53) $HOG: Baird Downgrades to Neutral from Outperform - PT $40 (from $44) $MELI: JPMorgan Downgrades to Neutral from Overweight - PT $2,400 $FMBH: KBW Downgrades to Market Perform from Outperform - PT $42 $NTB: KBW Downgrades to Market Perform from Outperform - PT $41 (from $44) $ESQ: KBW Downgrades to Market Perform from Outperform - PT $72 (from $68) $TMUS: Raymond James Downgrades to Outperform from Strong Buy - PT $221 (from $208) $IBM: DZ Bank Downgrades to Hold from Buy - PT $215 $STTK: Needham Downgrades to Hold from Buy $SITC: Wells Fargo Downgrades to Equal Weight from Overweight - PT $19 $PVH: BofA Securities Downgrades to Neutral from Buy - PT $107 (from $130) $CRL: BofA Securities Downgrades to Neutral from Buy - PT $215 (from $250) $TEM: BofA Securities Downgrades to Neutral from Buy - PT $60 (from $45) $ZIM: Jefferies Downgrades to Hold from Buy - PT $25 $KZR: H.C. Wainwright Downgrades to Neutral from Buy $MBLY: BNP Paribas Exane Downgrades to Underperform from Neutral - PT $12 $GRTS: B.Riley Downgrades to Neutral from Buy - PT $1 (from $3)