Diamonds and Dogs

4/30/25

So far so good for Mondelez (MDLZ). The snack, food and drink giant is up 4% following better than expected earnings and in line guidance as their geographic diversity is helping elevate tariffs problems. Management said, so far the tariff impact for Mondelez has been manageable. RBC upgraded Mondelez with a new price target of $71.

Plenty of dogs following earnings. Starbucks (SBUX) and Yum Brands China (YUMZ) are both down 6% as both rely on mainland, China for business. The Chinese economy is starting to see the effects of the trade tariffs. Cargo ships out of China heading to the US are down over 30%.  

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