U.S. Movers: Automobile Industry Stocks, Chevron, Deckers Outdoor, MasterCard, PulteGroup

Scott Peters
03 Feb, 2025
New York City

U.S. investors sold stocks and market confidence waned in the chaotic Trump administration, after the U.S. imposed stiff tariffs on its three largest trading partners and launched a global trade war. 

Automobile and parts makers after the announcements of new tariffs on imports from the three largest trading partners. 

U.S. automobile production relies on a highly integrated supply chain network spanning from Mexico to Canada, and several parts cross borders multiple times before they are sold to consumers in North America. 

General Motors declined 6.5% to $46.32, Ford Motor dropped 3.7% to $9.71, Stellantis NV decreased 4.9% to $12.53, and Tesla dropped 3.6% to $390.02.

Aptiv declined 3.6% to $59.38, Avery Dennison fell 2.2% to $180.71, and Cummins Inc. decreased 3.2% to $345.15.

Chipotle Mexican Grill declined 2% to $57.31 after avocado shipments from Mexico face 25% tariffs as early as Wednesday. 

Constellation Brands declined 4% to $170.09 after the alcoholic beverage importer and distributor faced higher product costs from Mexico. 

 

Recent Earnings Movers 

MasterCard Inc dropped 1.9% to $555.43 despite the payments company reporting strong revenues for its fourth quarter ending in December, driven by strength in holiday sales.

Revenue advanced 16% to $7.5 billion from $6.5 billion, net income surged 22% to $3.3 billion from $2.8 billion, and earnings per diluted share rose 25% to $3.64 from $2.97 a year ago.

Pre-tax charges of $280 million were associated with an U.K. consumer class action settlement and legal provisions with a number of U.K merchants.

The company repurchased 6.5 million shares at a cost of $3.4 billion and paid $606 million in dividends.

Quarter-to-date through January 27, MasterCard repurchased 1.2 million shares at a cost of $644 million, which leaves $14.5 billion remaining under the approved share repurchase programs.

Deckers Outdoor Corp plunged 20.5% to $177.36 despite the parent company of Hoka and Ugg reporting better-than-expected results for its third quarter of fiscal year 2025.

Revenue increased 17% to $1.83 billion from $1.56 billion, net income climbed to $456.7 million from $389.9 million, and earnings per diluted share rose 19% to $3.0 from $2.52 a year ago.

For fiscal year 2025 the company estimated net sales to increase 15% to $4.9 billion, and earnings per diluted share in the range of $5.75 to $5.80.

Deckers Outdoor repurchased common stock for a total of $44.7 million in the third quarter at $162.85 per share, and as of December 31, 2024, the company had $640.7 million remaining under its stock repurchase authorization.

Chevron Corp dropped 4.6% to $149.19 after the energy company reported a decline in downstream operations in the fourth quarter ending in December.

Revenue climbed to $52.23 billion from $47.18 billion, net income jumped to $3.26 billion from $2.26 billion, and earnings per diluted share rose to $1.84 from $1.22 a year ago.

In the United States, upstream sales improved to $1.42 billion compared to a loss of $1.35 billion, and international sales declined to $2.88 billion from $2.93 billion a year ago.

Sales from downstream operations in the United States swung to a negative of $348 million from a positive of $470 million, and downstream international sales dropped to $100 million from $677 million a year ago.

Overall upstream operations brought in $4.30 billion from $1.59 billion, while downstream remained in the red at a negative $817 million from a negative $474 million a year earlier.

Pultegroup Inc dropped 4% to $113.78 despite the home builder reporting strong results for its fourth quarter ending in December.

Revenue jumped to $4.92 billion from $4.29 billion, net income surged to $913.23 million from $710.99 million, and earnings per diluted share rose to $4.43 from $3.28 a year ago.

Both the home and land divisions as well as the financial services segment marked steadily increasing sales, but home sales in Florida and Texas declined.  

The company’s board raised the dividend by 10% and approved a $1.5 billion increase of stock repurchases, bringing the remaining authorization to $2.1 billion.