DISCLAIMER: This watchlist is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your financial situation before making any investment decisions.
Looking for the hottest stocks to trade today following Trump’s sweeping tariff announcement? Here’s my technical analysis of 5 promising stocks to watch on Thursday, with detailed chart analysis and trading setups for each.
$AAPL – Apple Inc.
Apple shares plummeted over 6% in after-hours trading following Trump’s tariff announcement, making it one of the hardest-hit tech stocks. With a significant portion of Apple’s devices produced in China, the new 34% tariff on Chinese imports (on top of existing tariffs) poses a serious threat to the company’s profit margins.
The stock is approaching critical support at $165, which aligns with the December 2024 lows. If this level fails to hold, the next major support zone is at $155-$158. Resistance now sits at $175 (previous support) and $182 (the 50-day moving average). With futures indicating a gap down open, watch for potential oversold conditions that might trigger a technical bounce. However, the path of least resistance appears downward until the market fully digests the tariff implications for Apple’s supply chain. Despite Trump’s mention of Apple’s planned $500 billion domestic investment, near-term pressure on the stock seems inevitable.
$NVDA – NVIDIA Corporation
Nvidia fell approximately 5% in after-hours trading following Trump’s tariff announcement. With the company manufacturing advanced chips in Taiwan, which faces a 32% tariff, and assembling AI systems in Mexico and other locations, Nvidia’s complex global supply chain is directly in the crosshairs of these new trade policies.
The stock is approaching key support at $850, which has held during previous pullbacks in March. A break below this level could accelerate selling toward the next major support zone at $780-$800. Resistance now sits at $900 and $950 (the recent swing high). Volume patterns will be crucial to watch today – heavy volume selling would suggest institutional investors are reassessing their positions in light of the tariff news. Despite the company’s dominant position in AI chips, the stock may face continued pressure as investors calculate the impact of tariffs on Nvidia’s production costs and global competitiveness.
$TSLA – Tesla, Inc.
Tesla shares dropped 4.5% in after-hours trading following Trump’s tariff announcement, adding to pressure after the company reported disappointing Q1 delivery numbers of 336,681 vehicles (below expectations of 360,000-370,000). With production facilities in China and a global supply chain, Tesla faces significant headwinds from the new tariff structure.
The stock is currently testing support at $175, which coincides with the March lows. If this level fails, the next major support zone is at $160-$165. Resistance now sits at $190 (the recent swing high) and $200 (psychological level and previous support). Despite the negative delivery news, the stock had actually risen 5.3% during regular trading hours on reports that CEO Elon Musk might resign from his position at the Department of Efficiency, though Musk dismissed these claims. For traders, the combination of tariff concerns and disappointing deliveries creates a challenging environment, but any positive developments regarding domestic production expansion could provide support.
$GLD – SPDR Gold Shares ETF
Gold surged to a new record high as investors flocked to haven assets following Trump’s sweeping tariff announcement. The SPDR Gold Shares ETF, which tracks gold prices, is positioned to benefit significantly from the “risk-off” sentiment sweeping through markets.
The ETF is currently testing resistance at $240, which represents the previous all-time high. A break above this level could accelerate buying toward $250. Support sits at $235 (the recent consolidation level) and $228 (the 20-day moving average). Volume patterns show significant accumulation, suggesting strong institutional interest in gold as a hedge against potential inflation and economic uncertainty stemming from the tariff policies. With commodity-linked currencies dropping sharply and industrial metals slumping, gold stands out as a potential winner in the current environment. Traders should watch for a potential breakout above $240 as a signal for continued upward momentum.
$CAT – Caterpillar Inc.
Caterpillar, a major American manufacturer of construction and mining equipment, could potentially benefit from Trump’s “declaration of economic independence” and emphasis on domestic production. As a company with significant U.S. manufacturing presence, Caterpillar may gain a competitive advantage over foreign competitors facing new tariffs.
The stock is currently testing support at $350, which aligns with the 50-day moving average. If this level holds, the next resistance sits at $370 (the recent swing high) and $385 (the all-time high). While the broader market faces pressure, Caterpillar’s domestic manufacturing focus could make it a relative outperformer. The stock has been forming a bullish flag pattern after its strong rally in February, suggesting potential for another leg up if it breaks above the $370 resistance. Volume patterns show accumulation during recent pullbacks, indicating strong institutional interest. For traders looking to position for potential “tariff winners,” Caterpillar offers an interesting setup with clearly defined support and resistance levels.
