Concentra Group Holdings Stock (NYSE: CON)

Concentra Group Holdings (NYSE:CON) Stock

Concentra Group Holdings

Concentra Group Holdings Parent Inc is a company providing occupational and consumer health services through occupational health centers and onsite clinics. Their services include workers' compensation injury care, employer services, urgent care, clinical testing, wellness programs, and preventative care.

Concentra Group Holdings Parent, Inc. Common Stock

Concentra Group Holdings Parent Inc

CONUN

Conectisys Corp

GraniteShares 1x Short COIN Daily ETF

CELLTRION INC ORD by Celltrion, Inc.

GraniteShares 2x Long COIN Daily ETF

CoinSmart Financial Inc

Conn's Inc

Convergence

NICKEL 28 CAP CORP by NICKEL 28 CAP CORP.

Nickel 28 Capital Corp

CONX Corp Units (1 Ord Share Class A & 1/4 War)

CONX Corp

Tidal ETF Trust II YieldMax COIN Option Income Strategy ETF

Canaccord Genuity analyst Joseph Vafi maintains Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) with a Buy and maintains $32 price target.

News

Price Target

Analyst Ratings

Canaccord Genuity Maintains Buy on Hut 8, Maintains $32 Price Target

General

CMBM

Cambium Networks Wi-Fi 7 Access Point Gains OpenRoaming Certification From The Wireless Broadband Alliance

Telsey Advisory Group analyst Sarang Vora maintains BRC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRCC#NYSE">BRCC</a>) with a Outperform and maintains $6 price target.

BRCC

Telsey Advisory Group Maintains Outperform on BRC, Maintains $6 Price Target

Accenture Acquires Altus Consulting To Strengthen Services For Insurance, Investments And Other Financial Services Businesses In UK

Telsey Advisory Group analyst Dana Telsey maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Market Perform and maintains $6 price target.

SFIX

Telsey Advisory Group Maintains Market Perform on Stitch Fix, Maintains $6 Price Target

Telsey Advisory Group analyst Dana Telsey maintains European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) with a Market Perform and maintains $6 price target.

EWCZ

Telsey Advisory Group Maintains Market Perform on European Wax Center, Maintains $6 Price Target

Telsey Advisory Group analyst Dana Telsey maintains ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) with a Outperform and maintains $3 price target.

TDUP

Telsey Advisory Group Maintains Outperform on ThredUp, Maintains $3 Price Target

Telsey Advisory Group analyst Dana Telsey maintains Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) with a Outperform and maintains $2 price target.

GROV

Telsey Advisory Group Maintains Outperform on Grove Collaborative Hldgs, Maintains $2 Price Target

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and maintains $26 price target.

Telsey Advisory Group Maintains Outperform on Albertsons Companies, Maintains $26 Price Target

Dogecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) corrective phase might seem never-ending, but a popular trader predicted Monday that the next surge was not far away.
What happened: Trader Tardigrade, known for their bullish outlook on the dog-themed cryptocurrency, noted the formation of a triangle pattern, similar to the 2017-18 bull market.
A triangle is a continuation pattern on a chart that forms a triangle-like shape. However, when the price breaks out from a symmetrical triangle, they move in the direction of the initial move before the triangle formed.
In the current example, Trader Tardigrade expected Dogecoin to break to the upside and follow the previous bull cycle.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is forming a Triangle just before the next Surge &#x1f525;<a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> seems to copy the previous cycle &#x1f680; <a href="https://t.co/JrXmfjepc7">pic.twitter.com/JrXmfjepc7</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1896553154785030282?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The bullish optimism was also prevalent in the Dogecoin futures market, as over 80% of the traders on Binance were positioned long on the world's largest meme coin by market capitalization, <a href="https://www.coinglass.com/LongShortRatio">data </a>from Coinglass showed.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44101649/whale-leveraged-50x-short-sees-81-million-in-paper-gains-as-ethereum-plummets-after-trumps-tariff-confirmation">Whale Leveraged 50x Short Sees $81 Million In Paper Gains As Ethereum Plummets After Trump&#8217;s Tariff Confirmation</a>
Why It Matters: The confidence seemingly stemmed from a higher probability of a Dogecoin exchange-traded fund approval this year.&nbsp;
The <a href="https://polymarket.com/event/doge-etf-approved-in-2025?tid=1739483386792">odds</a> on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based prediction market, Polymarket, surged to 67% as of this writing, up from 55% a day earlier.
Notably, NYSE Arca, a New York Stock Exchange subsidiary, submitted a 19b-4 application on Monday, seeking approval to list shares of the ETF proposed by Bitwise Asset Management.
The filing of the 19b-4 document was the second step in the process, following the <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43294030/polymarket-bets-turn-bullish-on-2025-dogecoin-etf-after-bitwise-move">submission of S-1 documents</a> by Bitwise in January.&nbsp;
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1926, down 11.56% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the meme coin has dropped 38.97%.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44100824/china-working-behind-closed-doors-to-create-strategic-bitcoin-reserve-says-bitcoiner-who-orange-pilled-trump">China Working Behind Closed Doors To Create Strategic Bitcoin Reserve, Says Bitcoiner Who &#8216;Orange Pilled&#8217; Trump</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$DOGE

$POL

Dogecoin Primed For Upside Breakout, Says Analyst As Bitwise's ETF Application Moves Forward

The CNN Money Fear and Greed index remained in the &#8220;Extreme Fear&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the Dow Jones index dipping more than 600 points during the session. The S&amp;P 500 also recorded its worst day since December.
US President Donald Trump announced plans to impose 25% tariffs on imports from Canada and Mexico and an additional 20% tariff on goods imported from China, beginning Tuesday.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, energy and consumer discretionary stocks recording biggest losses on Monday. However, real estate and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 650 points to 43,191.24 on Monday. The S&amp;P 500 fell 1.76% to 5,849.72, while the Nasdaq Composite dipped 2.64% at 18,350.19 during Monday's session.
Investors are awaiting earnings results from Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) today.
At a current reading of 24.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 20.1.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44083539/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Earnings

Pre-Market Outlook

Dow Dips Over 600 Points, S&P 500 Records Worst Session Since December; Fear & Greed Index Remains In 'Extreme Fear' Zone

Malaysian Trade Minister Tengku Zafrul Aziz said Tuesday the country will take &#8220;necessary action&#8221; against Malaysian companies if they&#8217;re implicated in a fraud case involving Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips allegedly routed from Singapore.
What Happened: &#8220;Right now, there&#8217;s no such cases in Malaysia to date, and we are investigating,&#8221; Zafrul <a href="https://www.cnbc.com/2025/03/04/malaysia-says-itll-take-action-if-firms-involved-in-nvidia-fraud-case.html">told</a> CNBC&#8217;s &#8220;Squawk Box Asia,&#8221; adding that Malaysia has no information suggesting data center companies there are misusing chips.
The statement follows Singapore Law Minister K Shanmugam&#8216;s Monday comments that servers in a fraud case may have contained Nvidia AI chips sent to Malaysia.
&#8220;The question is whether Malaysia was a final destination or from Malaysia, it went to somewhere else,&#8221; Shanmugam said.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: On Thursday, Singapore charged three men with fraud in cases linked to the alleged movement of Nvidia chips. According to Shanmugam, the chips were embedded in servers supplied by Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) to Singapore-based companies <a href="https://in.benzinga.com/markets/equities/25/02/44033587/nvidia-chips-smuggled-to-china-3-men-charged-in-singapore-amid-us-export-crackdown">before transfer to Malaysia</a>.
When asked if Malaysia knew where the servers were now, Zafrul replied, &#8220;we don&#8217;t know,&#8221; adding authorities are checking if they went to the right parties.
The investigation emerges amid broader concerns about restricted <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44089103/whats-going-on-with-nvidia-shares-monday">U.S. technology reaching China</a>. Reuters reported in January that the U.S. Commerce Department is investigating whether Chinese AI startup DeepSeek has been using U.S. chips prohibited from export to China, noting &#8220;organized AI chip smuggling to China has been tracked out of countries including Malaysia, Singapore and the United Arab Emirates.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

DELL

NVDA

SMCI

Nvidia Chip Fraud Probe: Malaysia Vows 'Necessary Action' But Admits 'We Don't Know' Where Servers Went

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) to report quarterly earnings at $2.26 per share on revenue of $30.84 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Target shares gained 0.4% to $121.19 in the pre-market trading session.</li>
<li>Analysts are expecting AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) to post quarterly earnings at $29.11 per share on revenue of $3.98 billion. The company will release earnings before the markets open. AutoZone shares fell 0.8% to $3,450.00 in the pre-market trading session.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) posted better-than-expected results for its fourth quarter on Monday. Dave shares dipped 5.6% to close at $95.03 on Monday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) is projected to post quarterly earnings at $2.40 per share on revenue of $13.70 billion. Best Buy shares fell 0.2% to $86.59 in pre-market trading.</li>
<li>Analysts expect Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) to post quarterly earnings at $1.66 per share on revenue of $5.96 billion after the closing bell. Ross Stores shares gained 0.4% to $137.30 in the pre-market trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44083539/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Trading Ideas

DAVE

ROST

Target, Best Buy And 3 Stocks To Watch Heading Into Tuesday

ONON

On Confirms 27% Growth Target For Full Year 2025, Projects CHF2.94B In Net Sales, Expects To Maintain Its Gross Profit Margin At Around 60.5%

On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.18 by 111.11 percent. This is a 778.57 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $691.47 million which beat the analyst consensus estimate of $594.49 million by 16.31 percent. This is a 37.13 percent increase over sales of $504.23 million the same period last year.

Earnings Beats

On Holding Q4 Adj EPS $0.38 Beats $0.18 Estimate, Sales $691.47M Beat $594.49M Estimate

Macro Economic Events

Econ #s

Economics

Eurozone Unemployment Rate For January 6.2% Vs. 6.3% Est.; 6.2% (Revised) Prior

Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) rose over 7% in premarket on Tuesday as it is on the verge of finalizing an agreement with private-equity firm Sycamore Partners to take the drugstore chain private. 
What Happened: The deal is approximately valued at $10 billion, according to a <a href="https://www.wsj.com/business/deals/walgreens-nears-roughly-10-billion-deal-to-be-go-private-ee07f2fa">report</a> by the Wall Street Journal. The two parties are reportedly aiming to complete the transaction as early as Thursday, contingent on avoiding any last-minute complications.
Discussions have centered on Sycamore Partners paying between $11.30 and $11.40 per share in cash. The potential deal may also include contingent value rights, which would provide additional value to shareholders if certain performance targets are met in the future, the report stated.
If Sycamore Partners successfully acquires the entire company, the firm intends to retain Walgreens&#8217; core U.S. retail operations. The remaining segments of the company would likely be sold off or taken public.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44101332/sp-500-selloff-spikes-investor-pessimism-bearish-sentiment-hits-30-month-high-but-this-expert-recommends-investors-to-stay-strong-and-not-panic-sell">S&amp;P 500 Selloff Spikes Investor Pessimism: Bearish Sentiment Hits 30-Month High, But This Expert Recommends Investors To &#8216;Stay Strong And Not Panic Sell&#8217;</a>
Why It Matters: According to a mid-December <a href="https://www.benzinga.com/markets/equities/24/12/42431136/walgreens-stock-falls-over-3-in-premarket-as-wall-street-veterans-debate-private-equity-deal-value-amid-sycamore-takeover-talks">report</a> by the Wall Street Journal, Sycamore Partners was in discussions to acquire Walgreens and take the pharmacy chain private, following nearly a decade of declining stock value. 
Price Action: Walgreens fell 3.93% on Monday, underperforming the 2.76% fall in the Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>), which tracks the Nasdaq Composite index. It was up 7.12% in premarket on Tuesday. 
The stock remains 11.64% higher on a year-to-date basis, however, it&#8217;s down 50.15% over a year.
<a href="https://www.benzinga.com/quote/WBA/analyst-ratings">Benzinga tracks 21 analysts</a> with an average price target of $20.82 for the stock, reflecting a &#8220;sell&#8221; rating. Estimates range widely from $7 to $54. Recent ratings from Deutsche Bank, and Truist Securities average at $11.33, suggesting a potential 5.04% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/WBA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="384" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04035828/WBA-ANR-1024x384.png" alt="" class="wp-image-807521" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04035828/WBA-ANR-1024x384.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04035828/WBA-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04035828/WBA-ANR-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04035828/WBA-ANR.png 1065w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/03/44102004/sp-500-vs-us-dollar-while-equities-take-the-tariff-punch-greenback-sheds-tariff-fears-both">S&amp;P 500 Vs US Dollar: While Equities Take The Tariff Punch, Greenback Sheds Tariff Fears: &#8216;Both Can&#8217;t Be Right,&#8217; Says Former Goldman FX Strategist</a></li>
</ul>
Photo courtesy: Walgreens Boots Alliance

Market Summary

Movers & Shakers

Asset Sales

Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

Walgreens Could Go Private This Week After A $10 Billion Deal With Sycamore Partners: Report

William Blair analyst Max Smock reiterates Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) from Market Perform to Market Perform.

Reiteration

FTRE

William Blair Reiterates Market Perform on Fortrea Holdingsto Market Perform

Canadian Prime Minister Justin Trudeau has announced a 25% tariff on $155 billion worth of U.S. goods. This decision comes as a direct response to the 25% tariffs imposed by U.S. President Donald Trump on Canadian goods.
What Happened: Trudeau has stated that these tariffs will stay in effect until the U.S. reverses its trade measures, <a href="https://www.bnnbloomberg.ca/business/politics/2025/03/04/we-will-be-ready-canada-to-retaliate-with-25-tariffs-on-us-goods-if-trump-follows-through/">reported</a> BNN Bloomberg. The Canadian tariff plan, announced last month, includes two phases targeting a total of $30 billion in U.S. goods initially. An additional round of tariffs on a wider range of American products, worth $125 billion, is scheduled to take effect in 21 days.
Trump&#8217;s initial threat of punitive&nbsp;tariffs on Canadian goods in&nbsp;late November was intended to reduce the influx of illegal migrants and drugs across the border. Despite Canada&#8217;s attempts to delay these tariffs, including a $1.3-billion border plan and the appointment of a &#8220;fentanyl czar&#8221;, Trump confirmed on Monday that Canada will not receive any further reprieves.
According to Reuters, the initial round of retaliation covers over 1200 products, including motorcycles, apparel, wine, coffee, footwear, peanut butter, cosmetics, beer, appliances, spirits, orange juice, and pulp and paper.
Meanwhile, the second tranche could include a diverse selection of U.S. imports including fruits and vegetables, beef, pork, and dairy products, steel and aluminum goods, passenger vehicles and trucks, electric vehicles, and aerospace components.
That being said, Canadian Natural Resources Minister Jonathan Wilkinson is still hopeful of a partnership with the U.S. over critical minerals. Wilkinson stated that his argument to U.S. officials has been that it is much more beneficial to discuss how the U.S. and Canada can support one another.
SEE ALSO: <a href="https://www.benzinga.com/25/03/44101319/pfizer-mulls-us-manufacturing-shift-amid-looming-tariff-threats-will-the-trump-administration-co-invest-asks-analyst">Pfizer CEO Says Company May Shift Overseas Manufacturing To US Amid Looming Tariff Threats: &#8216;Will The Trump Administration Co-Invest&#8217;, Asks Analyst</a>
Why It Matters: The escalating trade war between the U.S. and Canada is a direct result of Trump&#8217;s decision to<a href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets"> impose 25% </a>tariffs on Canadian imports, as well as 10% duties on energy products from Canada. This move has not only strained relations between the two North American neighbors but also threatens to destabilize the economy.
Ontario Premier&nbsp;Doug Ford&nbsp;has also expressed his readiness to &#8220;respond strongly&#8221; to Trump&#8217;s tariffs,&nbsp;threatening to cut off exports&nbsp;of Ontario nickel, remove American alcohol from liquor store shelves, and cancel provincial government contracts with U.S. companies.
Industry experts and U.S. automakers have opposed Trump&#8217;s tariff plans on multiple occasions. At an investor conference in February, Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) CEO Jim Farley stated &#8220;Long term, a 25% tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen.&#8221; Similarly, Bernstein Research has determined that Detroit automakers will be especially vulnerable in comparison to their international rivals. According to another research by the Anderson Economic Group, tariffs may increase manufacturing costs per car by $4,000 to over $10,000, based on the vehicle model.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/bonds/25/03/44096578/leon-cooperman-says-he-likes-cash-calls-trumps-deficit-cutting-contractionary">Leon Cooperman Says He Likes Cash, Calls Trump&#8217;s Deficit Cutting &#8216;Contractionary&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Canadian PM Justin Trudeau Retaliates With 25% Tariffs On US Goods Amid Escalating Trade War

Needham analyst Quinn Bolton maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and raises the price target from $60 to $66.

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