0925 ET - Buy shares of Five Below, Nike, SharkNinja and Yeti Holdings, say Jefferies analysts, following a deescalation in trade fight between the U.S. and China. The U.S. agreed to lower the base level of tariffs on most Chinese goods to 30%, from 145%, while China said it would cut its levies on U.S. products to 10% from 125%, among other terms during a 90-day period. "Despite varying tariff-related headwinds from China, these strong brands can mitigate impacts due to their scale," the analysts say. "As trade discussions progress during the 90-day pause, management teams could witness significantly fewer costs, as most businesses have opted to plan with the assumption of a 145% tariff in place." Shares of all four companies rise in premarket trading, part of a broader market rally. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 12, 2025 09:25 ET (13:25 GMT)
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