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- Trump's Tariff Relief for Automakers đźš—
Trump's Tariff Relief for Automakers đźš—
Ryan Serkes
April 30, 2025
The
Daily Trade
Hey Daily Traders,
President Donald Trump's decision to ease tariffs on autos and parts is making waves in the stock market, offering a lifeline to domestic automakers. By providing rebates for vehicles finished in the U.S., this move aims to alleviate tariff pressures while encouraging manufacturers to shift production stateside, though challenges remain in the transition.
In other market news, D-Wave Quantum Inc. faces scrutiny as an investigation by Block & Leviton unfolds following a critical report by Kerrisdale Capital. The allegations have cast doubt on the credibility of D-Wave's technology, impacting investor confidence and causing shares to tumble, while affected investors explore avenues for potential recourse.
Here's what's happening today:
- đźš— Trump eases auto tariffs for manufacturers.
- ⚛️ D-Wave Quantum faces securities fraud probe.
- 🏠Toyota and Rehlko partner on hydrogen fuel cells.
- 🔋 Corning expands solar manufacturing in Michigan.
- đź’Ľ Detroit man's $27 cleaning venture becomes $1M business.
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Stock Market  President Donald Trump plans to sign an executive order to relax some of the 25% tariffs on autos and auto parts, a move aimed at helping domestic manufacturers. The administration will provide a rebate to automakers for vehicles finished domestically, giving them time to shift production to the U.S. amid concerns about the impact of tariffs on prices and competitiveness. Automakers have expressed gratitude for the support, while analysts highlight the challenges of quickly relocating production. The tariffs have been seen as a threat to the auto sector, with potential price increases for consumers and stress on the supply chain. The move is part of Trump's broader effort to boost U.S. manufacturing jobs. Key Takeaway
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Stock Market D-Wave Quantum Inc. is under investigation by Block & Leviton for potential securities law violations after a report by Kerrisdale Capital called the company's technology into question. The report claims D-Wave's technology is more of a marketing gimmick than a viable quantum computing solution, causing shares to drop. Investors who have lost money in D-Wave Quantum are encouraged to contact Block & Leviton to potentially recover losses. The investigation highlights concerns about the credibility of D-Wave's technology and its impact on investor confidence. Key Takeaway
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Stock Market Toyota Motor North America and Rehlko have entered into an agreement for Toyota to supply hydrogen-powered fuel cell modules to Rehlko. This collaboration aims to integrate Toyota's fuel cell technology into Rehlko's power generation products, promoting cleaner and more sustainable energy solutions. The partnership highlights the growing interest in hydrogen as an alternative fuel for stationary applications. The initiative is part of Toyota's broader strategy to expand its fuel cell technology beyond vehicles, offering zero-emission power solutions for various industries. Key Takeaway
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Stock Market  Corning is accelerating its manufacturing operations in Saginaw County, Michigan, to meet the rising demand for U.S.-made solar components. The company has increased its investment to $1.5 billion, creating 400 new jobs and expanding its solar market opportunities. The new facility will enhance Corning's capacity to supply solar wafers and strengthen the domestic solar supply chain. This expansion is part of Corning's commitment to supporting domestic energy security and providing high-paying jobs in the region. Key Takeaway
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Real Estate  Mario Kelly, once homeless and living in his van in Detroit, transformed his life by starting a cleaning business with just $27 worth of supplies. His company, 313 Cleaning, has grown into a million-dollar business, earning him recognition as Entrepreneur of the Year. Kelly's story is a testament to the power of resilience and entrepreneurship. By seizing opportunities and leveraging his skills, he turned a small investment into a successful venture, inspiring others to pursue their dreams regardless of their circumstances. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Hold | STOCH Hold |
RSI Hold | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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