Ferguson Enterprises Inc. Common Stock (FERG)

Trump's new tariffs trigger selloff, framed as correction to trade imbalance. China faces 37% duties, EU 20%, Japan 24%. Tech stocks hit hard.

Nasdaq 100 drops 0.6%, S&P 500 slides to 7-month low, Dow Jones industrials underperform.

Ferguson reported Q2 results. Net sales at $6.87 billion, up 3.0% Y/Y and beating consensus of $6.76 billion. Declares quarterly dividend of $0.83 and continues share repurchase program.

Large-cap stocks saw worst performance last week, including MongoDB, Applovin, CAVA, Super Micro Computer, FTAI, Adobe, Ferguson, Toll Brothers, BeiGene, Omnicom, and Nucor.

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week.

FERG shares down after reporting Q1 results, with net sales of $7.77B, organic revenue down 0.3%, and adjusted EPS of $2.45. FY25 outlook reiterated.

Ferguson reports slightly mixed Q4 results with net sales of $7.946B, 1.4% higher YoY. Weakness in commodity categories offset by 2% increase in organic volumes. Declares quarterly dividend of $0.79 and expects low-single-digit sales growth for FY25.