Market Update: Stocks and Economic Moves
Here’s a snapshot of the market movements as the Dow Jones Industrial Average experienced a decline of over 300 points. Several stocks are catching attention among producers, reflecting both short-term gains and longer-term challenges.
3M’s stock saw a profit increase of 5% over the last three months, yet it’s down 10% from its peak in February. General Motors has faced a nearly 6% drop during the same period, marking a 13.5% decline since its high on February 4. In contrast, Charles Schwab’s stock rose by 10% in those three months but is still down 4.6% from its highest point on February 10.
Other notable movers include Northrop Grumman, which has dropped 20% in three months and 32% since early March. D.R. Horton is down 5.6% since June and has seen a 21.5% decline from its September high. Hasbro, on the other hand, is down 14% in the past three months, but it’s up 24% from February.
Investor and TV personality Jim Cramer is shifting focus beyond just technology. He suggests that investors shouldn’t exclusively depend on major tech stocks. However, he hasn’t suggested an outright sell-off, as the tech giants like Apple, Nvidia, and AMD continue to outperform.
Cramer’s daily remark questioned whether anyone had considered switching brands in the tech realm. He emphasized that there is still room for other companies like Goldman Sachs, Honeywell Aerospace, Boeing, Wells Fargo, and FedEx. His advice focuses on making acquisitions in companies that are less susceptible to volatile tech headlines and foreign threats.
Goldman Sachs has seen an 8.6% decline from last week’s high, although its stock price did rise by 4.3% in July. Cramer had invested in Goldman Sachs for his charitable trust back in March, and its value has since appreciated by 31%. Meanwhile, Wells Fargo is down 11.6% from its high at the start of January. Boeing’s stock has fallen by 17% since January, and Honeywell Aerospace is down 32% since mid-June.
FedEx is currently down 11.3% from its June high but has shown significant gains of 32% in 2026. FedEx Freight experienced a 25% drop since its debut price on June 1. In contrast, Meta and Apple have performed well in July, with Meta’s stock rising by 14.7% and Apple’s by 12.9%. However, it’s worth noting that Meta is still down 19% from its peak in August 2025, while Apple recently achieved a new high, despite a slight 2.5% decrease from that peak.
On the policy front, President Trump aims to impose 50% tariffs on a variety of Canadian products, which include items like cement and hockey sticks. Many of these products have begun to be manufactured abroad in countries such as China and Vietnam. Trump’s announcement comes in response to claims of discrimination against U.S. goods in Canada.
The iShares MSCI Canada ETF reached a record high last week, up about 26% year-over-year. On the other hand, the iShares MSCI USA Momentum Factor ETF has declined by around 12% this July, with key holdings that include Micron Technology, AMD, and others. That ETF peaked on June 22 but has since plummeted by 12.5%.
