- The Daily Trade
- Posts
- Trump doubles tariffs on Canadian steel
Trump doubles tariffs on Canadian steel
Ryan Serkes
March 12, 2025
The
Daily Trade
Hey Daily Traders,
Today’s market news highlights a notable shift in the automotive industry, with Kelley Blue Book reporting a 1.0% year-over-year increase in new-vehicle average transaction prices (ATP) for February, reaching $48,039. Electric vehicle (EV) incentives have reached a record high, now representing 14.8% of ATP, underscoring the growing demand for luxury and electric vehicles despite affordability challenges.
In the fintech world, Worth has raised $25 million to expand its AI-powered automation solutions, emphasizing its role as an industry leader. Meanwhile, Innventure's Accelsius is gaining traction with its advanced liquid cooling technology for data centers, securing strategic partnerships and expanding its workforce to meet rising energy demands.
Here's what's happening today:
- 🚗 New vehicle prices rise with record EV incentives.
- 💼 Worth secures $25M investment for fintech growth.
- 🤖 Innventure's Accelsius tech gains data center traction.
- 📈 Tesla defends Musk's pay in Delaware court.
- 🇨🇦 Trump doubles tariffs on Canadian steel, aluminum.
Question
With electric vehicle incentives at a record high, do you think these incentives will significantly boost EV adoption, or is affordability still a barrier for most consumers?
Reply to this email with your answer
Stock Market Kelley Blue Book's recent report highlights a 1.0% year-over-year increase in new-vehicle average transaction prices (ATP) for February, reaching $48,039. Notably, sales incentives for electric vehicles (EVs) have hit a record high, with incentives now representing 14.8% of ATP, up from 10.2% a year ago. The report also shows a booming market for six-figure vehicles, with sales surpassing 52,000 units, a significant rise from five years ago. The Mitsubishi Mirage remains the most affordable vehicle, though its sales have declined. While affordability remains a challenge for many, the luxury vehicle market continues to thrive, highlighting the growing income divide. The report underscores the importance of high-income households in driving new-vehicle sales, as they are more likely to afford higher ATPs and benefit from the increased incentives offered for EVs. This trend suggests a shift in the automotive landscape, with manufacturers needing to balance affordability with the demand for luxury and electric vehicles. Key Takeaway
|
Stock Market Worth, a fintech platform specializing in onboarding and underwriting workflow automation, has secured a $25 million investment led by TTV Capital. This funding will help expand its AI-powered solutions, which streamline operations for financial institutions by leveraging a vast database and real-time data analysis. Worth's platform enhances risk management and accelerates growth by automating processes like Know Your Business (KYB) and Know Your Customer (KYC). The investment underlines Worth's position as an industry leader, with its solutions already adopted by major financial institutions. This growth is supported by a board of industry experts and strategic partnerships, including one with Equifax. Worth's expansion reflects the increasing demand for efficient, automated financial solutions that can adapt to a complex financial landscape, providing a competitive edge for enterprises. Key Takeaway
|
Stock Market Innventure's subsidiary, Accelsius, is making significant strides in the data center industry with its advanced two-phase liquid cooling technology. The company has signed a 3-year agreement to white label its cooling solutions for a global thermal management firm, marking a major milestone. Accelsius has also expanded its product line, including a new 250Kw multi-rack cooling system, enhancing its ability to meet the growing demand for efficient cooling in data centers. Accelsius's technology is gaining industry adoption due to its ability to efficiently cool high-density racks, making it a valuable asset for data centers and AI service providers. The company's growth is further supported by strategic partnerships and a rapidly expanding workforce. This progress underscores the increasing importance of innovative cooling solutions in managing the rising energy demands of modern data centers. Key Takeaway
|
Stock Market  Tesla is appealing to Delaware's highest court to uphold Elon Musk's record-setting pay package after it was rejected twice by a lower court. The compensation plan, which includes tens of billions in stock options, was initially approved by Tesla shareholders but later dismissed by the state's Chancery Court. Tesla's legal team argues that the court disregarded the shareholders' decision, emphasizing the importance of the package in aligning Musk's interests with the company's long-term growth. The outcome of this legal battle could set a precedent for executive compensation in the tech industry. Musk's pay package, one of the largest in corporate history, is designed to incentivize him to achieve ambitious growth targets for Tesla. This case highlights the ongoing debate over executive compensation and the balance between rewarding performance and ensuring shareholder interests are protected. Key Takeaway
|
Stock Market  President Donald Trump announced a doubling of tariffs on Canadian steel and aluminum to 50%, escalating trade tensions between the U.S. and Canada. This decision follows Ontario's price hikes on electricity exported to the U.S., further straining relations between the two countries. Trump's move comes amid stock market volatility and recession concerns, as the tariffs could impact economic growth and investor confidence. The increased tariffs are part of Trump's broader strategy to renegotiate trade terms with U.S. partners. However, the move has drawn criticism from Canadian leaders and could lead to retaliatory measures. The situation underscores the complexities of international trade relations and the potential economic repercussions of protectionist policies. Key Takeaway
|
Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Buy |
Thanks for Reading!
Your feedback is important to us. We’re always looking for ways to improve and would love to hear your thoughts on how we can make this newsletter even better for you. Whether you have suggestions, ideas, or just want to share what you enjoy most, we’re all ears.
At any time, you can reply to this email with your thoughts. Every comment helps us serve you better.
Thank you for being a valued reader.
Check out our partners!
We’ve teamed up with a few like-minded newsletters to bring you even more fresh insights and fun. If you’re craving extra knowledge, entertainment, and/or inspiration in your inbox, give them a look below!
1. Labrador - Discover high-return real estate deals daily with Labrador— the ultimate bird dog for smart investors.
2. Pour Decisions - Your sommelier-approved excuse to open another bottle. Get weekly wine recommendations from top sommeliers across the world.
3. Quip - A daily dose of jokes, trivia, and inspiration to brighten your day.
How can we improve our newsletter's content?Your feedback is really important to us. We would really appreciate if you'd take a moment to let us know how we can bring you more value. |
Let’s stay in touch!
Thank you for reading today’s edition of The Daily Trade.
Let’s connect on LinkedIn!
-Ryan Serkes
Subscribe here if this email was forwarded to you!
Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers
The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.
Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.
The information provided in our newsletter is private, privileged, and confidential information, licensed for your sole individual use as a subscriber. We reserve all rights to the content of this newsletter. Forwarding, copying, disseminating, or distributing this newsletter in whole or in part, including substantial quotation of any portion the publication or any release of specific investment recommendations, is strictly prohibited.