This episode of Stock Movers highlights significant declines in the stock prices of Caterpillar, Starbucks, and Snap amid economic concerns. Caterpillar projects lower sales due to ongoing tariffs and potential recession, warning of substantial cost impacts. Starbucks has reported a decrease in same-store sales that fell short of expectations, despite a strategic overhaul under CEO Brian Niccol. Meanwhile, Snap has cautioned about volatility affecting advertising demand, prompting a reluctance to provide sales projections as advertisers reconsider spending in light of tariff policy changes.
Caterpillar's stock dropped as it anticipates lower sales linked to potential recession and ongoing tariffs, estimating a $250M to $350M cost impact.
Starbucks reported a 1% decline in same-store sales and missed earnings expectations, despite CEO Niccol's promise of improvement efforts underway.
Snap's shares fell after warning of advertising demand volatility, citing concerns over spending cuts tied to tariff policy changes.
Caterpillar stated that the economic outlook's uncertainty, including potential tariffs, is affecting their sales forecasts and overall corporate strategy.
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