Stock Movers Abercrombie & Finch Drops, Tesla Gains, and Moderna Rises After Settling Arbutus Litigation
Mar 4, 2026
Retailer sales and profit misses after a disappointing forecast trigger a sharp drop. An analyst reinstates coverage of a major EV maker, citing leadership in consumer autonomy. Airline shares swing as conflicting reports about Middle East negotiations ripple through travel stocks.
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Abercrombie Warns Tariff Hit To Sales
- Abercrombie flagged a 15% global tariff could reduce first-quarter net sales by about 290 basis points.
- Matt Miller tied that impact to Treasury commentary that the tariff may hit 15% this week, signaling broader corporate headwinds.
Tesla Valued As Robotaxi And AI Play
- Bank of America reinstated Tesla with a buy, citing leadership in consumer autonomy and robo-taxi potential.
- Matt Miller noted Wall Street increasingly values Tesla as a robotaxi/AI play rather than just an EV maker.
United Stock Moves On Conflicting Iran Reports
- United Airlines has been heavily hit by the war, with fuel cost and travel disruptions weighing on the stock.
- Matt Miller pointed to volatile trading after reports Iran sought indirect talks then denied them, fueling sentiment swings.