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The Score: Tesla, Cleveland-Cliffs, Dollar General and More Stocks That Defined the Week - WSJ

1. Trump doubled steel tariffs to 50%, impacting U.S. steel industry. 2. Domestic steel prices may rise, benefiting competitors like Cleveland-Cliffs. 3. Procter & Gamble announced layoffs of 7,000 as part of reorganization. 4. Dollar General raises sales outlook amid tariff concerns, attracting higher-income customers. 5. Lululemon lowered profit outlook due to proposed tariffs affecting supply chains.

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Why Bullish?

The increase in tariffs supports U.S. steel prices, benefiting domestic producers, including competitors of JP. Historically, tariff increases have led to short-term price increases in domestic stocks while impacting companies reliant on imports.

How important is it?

The article discusses industry dynamics regarding tariffs and pricing, which influence market conditions for JP's business activities as a financial institution focusing on industrial clients.

Why Short Term?

The tariffs will have an immediate effect on steel prices, leading to potential price increases in the next quarterly reports. Short-term stock market responses to tariff announcements often reflect immediate investor sentiment.

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