MP Materials Rises, Applied Digital Soars, Levi Slides

On this episode of Stock Movers:

- MP Materials (MP) saw shares rise on a day where stocks fell sharply across sectors following President Donald Trump threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week. The trade jitters sent investors rushing into companies like the rare Earth producer. MP Materials saw shares rise to its highest levels since August 11.

- Applied Digital (APLD) shares rallied after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.

- Levi (LEVI) raised its full-year outlook, but warned that tariffs are starting to bite.  “We have started feeling the impact of tariffs” in the third quarter, Chief Financial Officer Harmit Singh said in an interview. Despite this, Levi’s profitability, as measured by gross margin, improved. The company said that gross margin was bolstered by higher prices and a larger volume of sales through more profitable channels. Levi continues to expect tariffs of 30% in China, but increased its expectation to 20% for the rest of the world, up from the 10% it projected a quarter earlier. Levi shares fell in New York on Friday. The stock has climbed 42% this year through Thursday’s close. 

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