Steel & Aluminum Import Tariff Threat: 4 ETFs Gaining & Losing In The Market Shake-Up
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Impact of Tariffs on Markets: President Trump's announcement of a 50% tariff on Canadian aluminum and steel imports has caused market uncertainty, leading to stock drops and concerns over increased costs for industries reliant on these materials. While U.S. steel manufacturers support the tariffs, the aluminum sector expresses mixed feelings due to potential negative impacts on their operations.
Investment Opportunities in ETFs: The situation presents opportunities for investors to explore exchange-traded funds (ETFs) that may benefit or suffer from these tariffs, such as the VanEck Steel ETF and iShares U.S. Basic Materials ETF, while sectors like construction and food & beverage may face challenges due to rising material costs.
Analyst Views on DEO
Wall Street analysts forecast DEO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DEO is 88.46 USD with a low forecast of 24.85 USD and a high forecast of 131.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 90.880
Low
24.85
Averages
88.46
High
131.00
Current: 90.880
Low
24.85
Averages
88.46
High
131.00
About DEO
Diageo plc is a United Kingdom-based international manufacturer and distributor of premium drinks. The Company offers beverage alcohol with a collection of brands across spirits and beer categories. Its segments include North America, Europe, Asia Pacific, Latin America and Caribbean, Africa, and Corporate and other. The SC&P segment manufactures products and includes production sites in the United Kingdom, Ireland, Italy, Guatemala and Mexico, as well as comprises the global procurement function. Its principal products include scotch whisky, whisk(e)y, vodka, tequila, gin, rum, liqueurs, beer, wine, and non-alcoholic spirits. Its collection of brands includes Johnnie Walker, J&B and Buchanan's whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Don Julio, Guinness, and Tanqueray, among others. It offers Ritual Zero Proof Non-Alcoholic Spirits (Ritual). It owns manufacturing production facilities across the globe, including distilleries, breweries, and packaging plants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
