Performance Food Gr (NYSE:PFGC) Stock

PERFORMANCE FOOD GROUP CO

Performance Food Gr

Performance Food Group Co , markets and distributes national and company-branded food and food-related products. The company also specializes in distributing candy, snacks, beverages, cigarettes, other tobacco products, health and beauty care products and other items to vending distributors, box retailers, theaters, convenience stores, drug stores, grocery stores, travel providers, and hospitality providers. The company has three reportable segments: Foodservice, Vistar, and Convenience.

Performance Food Group

Performance Food Group Company Common Stock

Performance Food Group Co

News

Commodities

Markets

General

Cenovus Energy Has Ramped Up Production At Its Christina Lake Oil Sands Asset Following Wildfire Activity In The Area. Production Operations Restarted On June 3 And Production Was Ramped Up Over The Course Of The Week

Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) sees Q2 sales of $18.052 million-$18.852 million.

Guidance

TOUR

Tuniu Sees Q2 Sales $18.052M-$18.852M

<ul>
<li>Strategic partnership will accelerate global eVTOL adoption by combining Vertical's category leading aircraft with Bristow's global vertical lift operational and safety track record and experience</li>
<li>"Ready-to-fly" model provides Vertical's customers with turnkey access to aircraft, pilots, maintenance, and insurance – lowering barriers to entry</li>
<li>Bristow places pre-order for up to 50 VX4, with option to purchase up to 50 more</li>
<li>Companies exploring Maintenance, Repair and Overhaul (MRO) services, including battery swapping and field maintenance solutions</li>
</ul>

Contracts

EVTL

VTOL

Vertical Aerospace And Bristow Group Announced An Expansion Of Their Partnership To Bring Advanced Air Mobility Into Commercial Operation

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly losses of $(0.29) per share which missed the analyst consensus estimate of $(0.15) by 93.33 percent. This is a 25.64 percent increase over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $85.32 million which missed the analyst consensus estimate of $88.87 million by 4.00 percent. This is a 8.82 percent decrease over sales of $93.57 million the same period last year.

Earnings

Earnings Misses

HOFT

Hooker Furnishings Q1 EPS $(0.29) Misses $(0.15) Estimate, Sales $85.32M Miss $88.87M Estimate

Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) reported quarterly losses of $(0.00) per share. This is a 113.33 percent decrease over earnings of $0.03 per share from the same period last year. The company reported $16.19 million in sales this quarter. This is a 8.31 percent increase over sales of $14.95 million the same period last year.

Tuniu Q1 EPS $(0.00) Down From $0.03 YoY, Sales $16.19M Up From $14.95M YoY

Synopsys, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) on Wednesday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45882995/synopsys-achieves-pcie-6-x-interoperability-milestone-with-broadcoms-pex90000-series-switch-at-pci" rel="noreferrer noopener">announced that its</a> collaboration with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) has achieved interoperability between&nbsp;Synopsys&#8217; PCIe 6.x IP solution and Broadcom&#8217;s PEX90000 series switch.
The interoperability between artificial infrastructure companies will help reduce design risk and accelerate time to market for high-performance computing and AI data center systems.
PCIe switches play a critical role in enabling the scalability required to meet the demands of modern AI workloads.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45801113/keysight-synopsys-team-up-to-fast-track-rf-migration-to-taiwan-semis-n4p-process" target="_blank" rel="noreferrer noopener">Keysight, Synopsys Team Up To Fast-Track RF Migration To Taiwan Semi&#8217;s N4P Process</a>
Synopsys stock declined over 15% in the last 12 months due to the Trump administration&#8217;s tariff policies.
In May, Synopsys <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/05/45702912/synopsys-halts-china-sales-after-us-cracks-down-on-chip-design-exports" rel="noreferrer noopener">ordered its China employees</a> to halt services and sales after the new&nbsp;U.S. export restrictions&nbsp;kicked in. Products affected include semiconductor design software and chemicals.
Synopsys also suspended its third quarter outlook (Revenue $1.75 billion–$1.78 billion, Adj EPS $3.82-$3.87).
Synopsys,&nbsp;Cadence Design Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), and&nbsp;Siemens&#8217;&nbsp;Mentor Graphics control over 70% of China&#8217;s electronic design automation (EDA) software market, which chipmakers can use to design semiconductors ranging from smartphones to computers and cars.
Broadcom stock gained over 69% in the last 12 months, driven by <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/45803595/broadcom-q2-earnings-revenue-eps-beat-estimates-driven-by-robust-demand-for-ai-networking-company-sees-acceleration-in-ai-revenue-ahead" rel="noreferrer noopener">continued momentum in</a> AI semiconductor solutions and VMware.
Price Action: AVGO stock is trading lower by 0.83% to $250.80 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45448759/broadcom-unveils-next-gen-optical-chip-tech-to-power-ai-data-centers" target="_blank" rel="noreferrer noopener">Broadcom Unveils Next-Gen Optical Chip Tech To Power AI Data Centers</a></li>
</ul>
Photo by Gorodenkoff via Shutterstock

Tech

AVGO

CDNS

SNPS

Synopsys, Broadcom Team Up To Accelerate High-Performance AI And Computing

Apple&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) senior vice president of Software Engineering, Craig Federighi, says Siri won't morph into a ChatGPT rival anytime soon, insisting that &#8216;building a chatbot&#8217; was never the company&#8217;s goal.
What Happened: Speaking to Tom's Guide after WWDC 2025, Federighi said that Apple Intelligence aims to "meet you where you are," weaving AI into familiar apps rather than forcing users into a dedicated chat experience to get things done.
Federighi acknowledged conversational bots can act "as a therapist" and help people "brainstorm, do all kinds of things," but added that a chatbot was never the plan.
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&#8220;When some of these Siri capabilities I mentioned [last year] didn&#8217;t show up, people kind of went like, well… what happened, Apple? I thought you were going to give us your chatbot. Well, that honestly…was never our goal,&#8221; Federighi explained.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/45898644/tim-cook-explains-why-apples-f1-movie-bet-with-lewis-hamilton-serve-more-than-just-iphone-sales">Tim Cook Explains Why Apple&#8217;s &#8216;F1&#8217; Movie Bet With Lewis Hamilton Serves More Than Just iPhone Sales</a>
Federighi said the company postponed last year's high-profile Siri revamp after testing showed version 1 "would not meet our customer expectations or Apple standards," a decision he called proof that "there's no need to rush out with the wrong features." Apple executives chose reliability over deadlines, warning it "would've been more disappointing to ship something that didn't hit our quality standard."
Why It Matters: The Apple SVP&#8217;s stance contrasts with OpenAI chief Sam Altman, who recently hailed ChatGPT as a "<a href="https://www.benzinga.com/markets/tech/25/06/45809827/sam-altman-says-ai-can-replace-interns-but-gen-z-is-already-treating-it-like-a-work-buddy">life advisor</a>" teens consult before making big decisions.
Instead, Apple is rolling out <a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">on-device tools</a> such as Call Screening and Hold for Me in the Phone app, plus Live Translate across Messages, FaceTime and calls, keeping the assistance "contextually relevant" inside each workflow. The same translation engine will appear across macOS Tahoe, iPadOS 26 and watchOS 26 this fall.
That said, Apple's stock slid for a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45892008/apples-ai-future-in-question-stock-falls-after-wwdc-2025-event">second straight session</a> as analysts called the WWDC 2025 announcements "incremental" and "too little, too late" on artificial-intelligence progress. Bloomberg's Mark Gurman said the lack of new AI features <a href="https://www.benzinga.com/markets/tech/25/06/45851232/apples-lack-of-new-ai-features-at-wwdc-is-startling-expert-says">startled</a> him, and Forrester's Dipanjan Chatterjee described the "silence surrounding Siri" as deafening.
Goldman Sachs, however, told clients to <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45860365/goldman-sachs-stays-bullish-on-apple-despite-post-wwdc25-stock-dip-sees-25-upside">look past the sell-off</a>, reiterating its Buy rating and $253 price target that suggests roughly 25% upside.
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45898547/openai-looks-to-raise-40-billion-from-global-investors-including-saudi-arabias-pif-indias-reliance-industries-to-accelerate-ai-models-and-stargate-report">OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia&#8217;s PIF, India&#8217;s Reliance Industries To Accelerate AI Models And Stargate: Report</a>
Photo courtesy: DenPhotos / Shutterstock

AAPL

Craig Federighi Says 'Building A Chatbot' Was Never The Goal, Promises Apple Intelligence's Focus Is To 'Meet You Where You Are'

Texas Capital Securities analyst David Bain initiates coverage on Genius Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>) with a Buy rating and announces Price Target of $14.

Price Target

Initiation

Analyst Ratings

GENI

Texas Capital Securities Initiates Coverage On Genius Sports with Buy Rating, Announces Price Target of $14

The University of Tokyo (UTokyo) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) announced on Thursday that they have launched a <a target="_blank" href="https://www.benzinga.com/topic/japan" rel="noreferrer noopener">joint research laboratory</a> dedicated to advancing semiconductor research, education, and talent incubation.
Taiwan Semiconductor and UTokyo <a target="_blank" href="https://pr.tsmc.com/english/news/3243" rel="noreferrer noopener">aim to promote</a> advanced research and development in semiconductor technologies, generate innovative solutions, and cultivate semiconductor talent to create and advance sustainable semiconductor technologies.
Since 2019, UTokyo and Taiwan Semiconductor have collaborated on advanced semiconductor research at the university and company levels.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45859582/nvidia-supplier-taiwan-semiconductor-posts-40-topline-growth-in-may-stock-surges" rel="noreferrer noopener">Nvidia Supplier Taiwan Semiconductor Posts 40% Topline Growth In May, Stock Surges</a>
Taiwan Semiconductor and UTokyo have extended their industry-academia partnership to include semiconductor education and next-generation talent incubation.
In 2023, UTokyo adopted Taiwan Semiconductor&#8217;s 16nm FinFET process technology for chip design training.
Located on UTokyo&#8217;s Asano campus in the Hongo district, the Lab will be managed by UTokyo faculty and staff and guided by directors from both UTokyo and Taiwan Semiconductor. It will serve as a central hub for a Strategic Collaboration initiative.
The Lab will facilitate research in semiconductor technologies, with an emphasis on practical applications in the future. It will cover areas such as materials, devices, processes, metrology, packaging, and circuit design.
Additionally, the Lab will explore collaboration through activities such as Taiwan Semiconductor-sponsored project calls and internship opportunities.
Taiwan Semiconductor, along with its Japan Design Center, Japan 3DIC R&amp;D Center, and Japan Advanced Semiconductor Manufacturing (JASM) specialty fab, will leverage the Lab to further its next-generation talent development.
Taiwan Semiconductor gained 24% in the last 12 months due to the AI frenzy prompting it to expand beyond Taiwan. However, the Trump administration&#8217;s tariff policies have hurt semiconductor companies.
However, last week, Taiwan Semiconductor CEO&nbsp;C.C. Wei&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45748492/taiwan-semiconductors-japan-chip-factory-faces-delays-while-us-expansion-takes-priority" rel="noreferrer noopener">blamed traffic jams</a> for hampering the progress of its Tokyo signature chipmaking project. He also highlighted to President&nbsp;Donald Trump the difficulties in completing the Arizona project in five years due to the skilled labor crisis.
Taiwan Semiconductor&#8217;s plan to build a second factory in Japan&#8217;s Kumamoto Prefecture remains vulnerable to the sudden influx of workers from the contract chipmaker&#8217;s first plant, which is damaging the rural infrastructure.
Interestingly, the chipmaker&#8217;s prioritization of the U.S. expansion reduced the urgency of production in Japan.
Reportedly, Taiwan, Japan, and the U.S. are establishing&nbsp;closer trilateral cooperation&nbsp;in&nbsp;the semiconductor industry, forming a &#8220;semiconductor iron triangle.&#8221;
Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura expects collaboration in advanced chips to help develop 5G, self-driving vehicles, and generative artificial intelligence.
Price Action: TSM stock is trading lower by 0.83% to $212.33 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45813754/taiwan-semiconductor-powers-alphawaves-2nm-chip-breakthrough-for-faster-ai-and-hpc-connectivity" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Powers Alphawave&#8217;s 2nm Chip Breakthrough For Faster AI And HPC Connectivity</a></li>
</ul>
Photo by Jack Hong via Shutterstock

Asia

Taiwan Semiconductor, University Of Tokyo Launch Joint Lab For Advanced Research And Education

Texas Capital Securities analyst David Bain initiates coverage on Gambling.com Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAMB#NASDAQ">GAMB</a>) with a Buy rating and announces Price Target of $17.

GAMB

Texas Capital Securities Initiates Coverage On Gambling.com Gr with Buy Rating, Announces Price Target of $17

Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) sees Q2 sales of $220.486 million-$234.266 million.

Yiren Digital Sees Q2 Sales $220.486M-$234.266M

Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) reported quarterly earnings of $0.39 per share. This is a 48.69 percent decrease over earnings of $0.76 per share from the same period last year. The company reported $214.22 million in sales this quarter. This is a 12.24 percent increase over sales of $190.86 million the same period last year.

Yiren Digital Q1 EPS $0.39 Down From $0.76 YoY, Sales $214.22M Up From $190.86M YoY

Roth Capital analyst Leo Mariani initiates coverage on Prairie Operating (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROP#NASDAQ">PROP</a>) with a Buy rating and announces Price Target of $8.

PROP

Roth Capital Initiates Coverage On Prairie Operating with Buy Rating, Announces Price Target of $8

A leveraged trader who doubled down on their Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) short bet on Wednesday was sitting on unrealized profits as the second-largest cryptocurrency fell in value.
What Happened: According to on-chain tracker Lookonchain, the trader deposited an additional&nbsp;$3.37 million in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) to increase&nbsp;their short on Ethereum. As of this writing, the position stands at 40,000 ETH, equivalent to $109.9 million.
The trader opened a 15x leveraged&nbsp;short position on ETH on&nbsp;the decentralized perpetual trading platform&nbsp;Hyperliquid at an entry price of $2,793.81.
The trader has an unrealized profit of $1.80 million at the time of writing. The entire position would be liquidated if ETH rallies to $2,938.2
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45831309/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud" target="_blank" rel="noreferrer noopener">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trader 0xcB92 deposited another 3.37M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to increase his short on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. His position has grown to 40,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($114M), and he&#39;s now down over $2.5M. He will be liquidated if <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> rises to $2,938.2.<a href="https://t.co/LiKNbNGJcI">https://t.co/LiKNbNGJcI</a> <a href="https://t.co/NFReEW6M8J">pic.twitter.com/NFReEW6M8J</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1932809593983537226?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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The trader seems to enjoy leveraged trading, having previously made a profit of $5.18 million in just two weeks by going long on ETH. He exited the position and flipped short right before prices dropped last week.
Why It Matters: These moves come after ETH&#8217;s rally, which began earlier this week, <a href="https://www.benzinga.com/crypto/25/06/45896961/bitcoin-ethereum-dogecoin-fail-to-cheer-softer-inflation-china-trade-deal-analyst-says-btc-needs-to-hold-above-this-level-to-maintain-bullish-momentum">was cut short</a> on Wednesday. The cryptocurrency took a U-turn after cruising to $2,877.63 in the early hours.
Interestingly, nearly 60% of Binance traders with open ETH positions were positioned long, suggesting that they anticipated a price increase. 
Additionally, the balance held by long-term holders of ETH rose in the last 24 hours, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock, indicating that accumulation was going on.
Price Action: At the time of writing, Ethereum was exchanging hands at $2,746.34, down 12.81% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Benzinga Note: Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. While it can potentially amplify profits, it also significantly increases the risk of substantial losses due to the volatile nature of cryptocurrencies.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/25/06/45897204/gamestop-themed-crypto-skyrockets-over-500-after-retailer-announces-1-75-billion-investment-plan" target="_blank" rel="noreferrer noopener">GameStop-Themed Crypto Skyrockets Over 500% After Retailer Announces $1.75 Billion Investment Plan</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo Courtesy: VPLAB On Shutterstock

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

Cryptocurrency

$ETH

$USDC

High Risk, High-Reward? Trader Ups Ethereum Short Before Crypto's Pullback, Records Unrealized Profit Of $1.8 Million

Roth Capital analyst Joe Reagor initiates coverage on Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) with a Buy rating and announces Price Target of $52.

Roth Capital Initiates Coverage On Anglogold Ashanti with Buy Rating, Announces Price Target of $52

Piper Sandler analyst Yasmeen Rahimi initiates coverage on Tvardi Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVRD#NASDAQ">TVRD</a>) with a Overweight rating and announces Price Target of $78.

TVRD

Piper Sandler Initiates Coverage On Tvardi Therapeutics with Overweight Rating, Announces Price Target of $78

Even as May&#8217;s inflation print was better-than-expected, it snapped a four-month falling streak and rose slightly, hinting that firms absorbed some tariff-induced price hikes.
What Happened: &#8220;Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in prices from tariffs,&#8221; said the chief economist at LPL Financial, Jeffrey Roach.
According to him, prices for apparel and autos, &#8220;both highly sensitive to trade conditions, declined in May.&#8221; Apparel prices also declined in April, indicating that these companies likely &#8220;absorbed tariff costs.&#8221;
&#8220;But don't expect that to continue,&#8221; he added.
Comerica Wealth Management&#8217;s CIO, Eric Teal, reiterated Roach&#8217;s point and explained that tariffs have not yet shown up in consumer prices. &#8220;But a lot depends on the absorption rate of U.S. companies and foreign suppliers.&#8221;
Teal believed that the majority of the tariffs would eventually get passed to the consumer, &#8220;but companies are cautious at this juncture about passing along the price increase.&#8221;
Similarly, the chief economist at Comerica Bank, Bill Adams, said, &#8220;CPI cool in May, but price increases are still likely to accelerate in the second half of the year.&#8221;
Here&#8217;s how automotive and apparel companies have performed in 2025 under the tariff pressures and fear of price increases.
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<tbody>
<tr>
<td>Automobile Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-13.93%</td>
<td>84.12%</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>-5.44%</td>
<td>-11.20%</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>-2.92%</td>
<td>2.07%</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>2.50%</td>
<td>-10.91%</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>10.47%</td>
<td>-11.75%</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>22.40%</td>
<td>54.98%</td>
</tr>
</tbody>
</table>
</figure>
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<tbody>
<tr>
<td>Apparel Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Urban Outfitters Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>)</td>
<td>21.80%</td>
<td>58.49%</td>
</tr>
<tr>
<td>Citi Trends Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>)</td>
<td>28.29%</td>
<td>51.16%</td>
</tr>
<tr>
<td>Stitch Fix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>)</td>
<td>-1.95%</td>
<td>14.57%</td>
</tr>
<tr>
<td>Carter&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>)</td>
<td>-40.07%</td>
<td>-50.35%</td>
</tr>
<tr>
<td>American Eagle Outfitters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)</td>
<td>-40.98%</td>
<td>-51.67%</td>
</tr>
<tr>
<td>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</td>
<td>-14.33%</td>
<td>-32.63%</td>
</tr>
<tr>
<td>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>)</td>
<td>-7.00%</td>
<td>-16.00%</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-32.24%</td>
<td>-18.57%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a>
Why It Matters: Contrary to the aforementioned views, the CIO at Northlight Asset Management, Chris Zaccarelli, believed that lower-than-expected numbers across the board and a trade deal with China that was agreed to in London would help &#8220;the narrative around tariff-induced inflation should subside.&#8221;
However, &#8220;we are still cautious, but many of the risks that were present in early April appear to be receding at this time,&#8221; Zaccarelli added.
On the other hand, Jamie Cox also believed that the disinflation trend should be intact in the coming months. &#8220;Shelter and energy are going to keep the disinflation trend intact &#8211; prices are moving down in two of the largest categories, so investors should expect further declines in inflation in the coming months,&#8221; he said.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45892385/sp-500-bull-run-tends-to-be-choppy-in-3rd-year-ongoing-31-month-old-bull-market-could-have-more-">S&amp;P 500 Bull Run Tends To Be &#8216;Choppy&#8217; In 3rd Year: Ongoing 31-Month-Old Bull Market Could Have More Legs: &#8216;Better Times Are Coming,&#8217; Says Ryan Detrick </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

CTRN

LULU

SFIX

TSLA

URBN

Automotive And Apparel Companies 'Absorbed Tariff Costs' Amid Better Than Expected May CPI Print: 'But Don't Expect That To Continue,' Says Expert

Baird analyst David Manthey initiates coverage on QXO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) with a Outperform rating and announces Price Target of $32.

Baird Initiates Coverage On QXO with Outperform Rating, Announces Price Target of $32

General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CFO Paul Jacobson says the company's <a href="https://www.benzinga.com/markets/large-cap/25/06/45876062/gms-4-billion-bet-on-us-auto-manufacturing-backs-hardworking-americans-amid-trump-tariffs-push">$4 billion investment</a> in its manufacturing units will help the Detroit-based automaker rebalance production amid U.S. President Donald Trump's tariff uncertainty.
What Happened: "&#8230;As we look at our landscape, as we look at the world around us, whether it&#8217;s the tariff situation, EV adoption, there&#8217;s a real opportunity to rebalance some of our manufacturing," Jacobson said while speaking <a href="https://finance.yahoo.com/news/gms-4-billion-us-plant-investment-will-allow-production-rebalance-in-light-of-tariffs-slowing-ev-adoption-214137972.html">to</a> Yahoo Finance.
The company had earlier said it would be moving some models like the Chevrolet Blazer and the Equinox out of its Mexico production facility and into the U.S. in 2027.
Jacobson also outlined a slowdown in EV demand in the U.S. and how the company's Orion plant is transitioning to produce full-size SUVs as well as pickup trucks. "It&#8217;s clear that EV demand has slowed a bit, so we&#8217;re able to fill that back at Factory Zero and really convert Orion to a much better-utilized plant for full-size SUVs," he said.
The CFO also said that GM's peak exposure to Trump's tariffs, as well as the impact of the tariffs, would come up in Q2 2025.
&nbsp;Why It Matters: The news comes in as GM has invested <a href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share">over $888 million </a>in its V-8 engine plant in Buffalo, New York, which marks the company's single largest investment in engine production.
The investment as well as rebalancing also coincides with GM's push for California to reverse <a href="https://www.benzinga.com/news/politics/25/06/45877556/trump-to-sign-resolution-barring-california-ev-mandate-adopted-by-11-other-states-report">its EV mandate</a>, which the company said does not align with market realities.
However, despite the push for ICE vehicles, GM still holds<a href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs"> a 14.4% EV market share</a> in the U.S. and is the second-largest EV maker in the country behind Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Elsewhere, suppliers for the big three automakers in Detroit, including GM, <a href="https://www.benzinga.com/markets/tech/25/06/45826735/china-grants-temporary-rare-earth-licenses-to-us-automakers-suppliers">received temporary licenses</a> to export critical rare earth minerals and alloys from China, in what could prove to be a major boost for the company amid trade tensions.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1024x199.jpg" alt="" class="wp-image-947231" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025.jpg 1572w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
GM scores well on Value, Growth and Quality metrics, while also offering satisfactory momentum. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45854131/trump-says-hes-getting-good-reports-as-scott-bessent-led-delegation-expects-beijing-to-remove-rare-earth-export-curbs">Trump Says He&#8217;s Getting &#8216;Good Reports&#8217; As Scott Bessent-Led Delegation Expects Beijing To Remove Rare Earth Export Curbs</a></li>
</ul>
Photo courtesy: Jonathan Weiss / Shutterstock.com

General Motors CFO Says $4 Billion Investment Will Allow Company To Rebalance Production Amid Trump Tariffs

An Air India Boeing 787-8 Dreamliner by Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) crashed on Thursday near the Ahmedabad airport, with 242 passengers on board. The flight was en route to London Gatwick from Ahmedabad.
What Happened:&nbsp;The Air India flight, AI171, met with a tragic fate during takeoff from the Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
The passenger aircraft, a Boeing 787 Dreamliner with a capacity of 300, crashed in the Meghani area of the city. Thick smoke was seen rising from Dharpur near Meghaninagar, suggesting a major fire likely caused by the substantial fuel load carried for the long-haul flight to London. Emergency response units and fire brigade teams have been deployed to the scene.
Boeing did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
<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">Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on <a href="https://t.co/Fnw0ywg2Zt">https://t.co/Fnw0ywg2Zt</a> and on our X handle (<a href="https://t.co/Id1XFe9SfL">https://t.co/Id1XFe9SfL</a>). -Air India…
&mdash; Air India (@airindia) <a href="https://twitter.com/airindia/status/1933086483142902226?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45898426/michael-saylor-shrugs-off-quantum-computing-threat-to-bitcoin-warns-companies-like-microsoft-google-more-vulnerable-youll-see-it-coming-a-mile-away" target="_blank" rel="noreferrer noopener">Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: &#8216;You&#8217;ll See It Coming A Mile Away&#8217; </a>
<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">We are following reports of a crash of Air India flight <a href="https://twitter.com/hashtag/AI171?src=hash&amp;ref_src=twsrc%5Etfw">#AI171</a> from Ahmedabad to London. We received the last signal from the aircraft at 08:08:51 UTC, just seconds after take off. The aircraft involved is a Boeing 787-8 Dreamliner with registration VT-ANB… <a href="https://t.co/EmKKISJldF">pic.twitter.com/EmKKISJldF</a>
&mdash; Flightradar24 (@flightradar24) <a href="https://twitter.com/flightradar24/status/1933086087682904336?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This incident adds to the recent challenges faced by Boeing. In 2024, a Boeing 737-800 operated by South Korea's <a href="https://www.benzinga.com/markets/equities/24/12/42716905/boeing-in-spotlight-after-fatal-737-800-crash-in-south-korea-stock-declined-28-amid-deepening-2024-challenges">JejuAir crashed</a>, killing 179 of 181 passengers. This raised serious questions about Boeing&#8217;s safety record and led to a 30% stock decline in the same year.
In May, the U.S. Department of Justice (DoJ) moved to dismiss a <a href="https://www.benzinga.com/markets/equities/25/05/45689735/us-justice-department-seeks-to-dismiss-boeings-fraud-charges-on-737-max-crashes-that-killed-over-300">criminal fraud</a> charge against Boeing, linked to two fatal 737 MAX plane crashes that claimed 346 lives. This decision followed an agreement between Boeing and the Justice Department.
In January 2013, the entire global fleet of Boeing 787 Dreamliners was grounded following a series of safety incidents linked to the aircraft&#8217;s lithium-ion batteries. The U.S. Federal Aviation Administration (FAA) responded by issuing an emergency airworthiness directive, requiring airlines to prove the safety of the batteries before resuming operations. Aviation authorities in Europe, Japan, and other regions quickly followed suit, grounding all Dreamliners operated by eight airlines worldwide. Boeing, while standing by the integrity of the 787, worked with regulators and airlines to develop technical solutions, including redesigning the battery system and adding fireproof containment, before the aircraft was cleared to return to service about three months later
During Thursday&#8217;s pre-market trading session, shares of Boeing declined 5.58%. On a year-to-date basis, it surged 24.51%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/initiation/25/06/45881612/this-coinbase-global-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday" target="_blank" rel="noreferrer noopener">This Coinbase Global Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday</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.

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 5% In Thursday Pre-Market

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