|Day Low/High||44.88 / 46.09|
|52 Wk Low/High||37.07 / 88.60|
Though there are legitimate concerns about Uber's business that the company still needs to address, it's worth recalling how negative investors once were towards some tech giants at far lower levels.
Despite the possibility of getting booted from London, Uber's overhang is behind it, and it can go higher from here -- especially if it tosses its food service.
Let's review the long-term bullish case for this FANG stock.
Here's why much-hyped Workday just doesn't look like a good investment (hint, it's never shown positive cash flow or profitable quarters).
There is still a decent premium to consider a bullish put spread that is out of the money or even just a put sale if you are willing to own the stock.
Most of these names are smoke and mirrors, with the elusive profit objective often years away.
If you are looking for the pain in this exuberant market it is in the names classified as technology plays with market caps between $5 billion and $100 billion.
Don't buy what the bears are selling until the market character shifts. Focus on good stock picking.
As always, it was good to sit in for Doug Kass here on the Daily Diary today. Stocks ended modestly up across the board as the Federal Reserve cut interest rates as expected -- even as it is more likely the central bank might be on "pause" for a whi...
Traders can learn from watching, as well as doing, and with the FOMC meeting landing, now's best time to practice the former.
Markets are watching what Fed Chair Powell will signal for future rate cuts during this afternoon's FOMC rate decision.
Rest up for a busy week that includes earnings from Apple, Facebook and Starbucks.
In the market cap bracket between $5 billion and $100 billion sit some of the most egregiously overvalued, economically inefficient bubble stocks in this peaking market.
Uber appears to be on the verge of turning around, while Lyft looks stuck.
When things are going well it is always difficult to see an inflection point.
The ride-hailing leader still has a lot of room to grow, and is starting to see a better U.S. pricing environment. But its cash burn remains substantial, and it's losing some U.S. share to Lyft.
This isn't fundamental or a technical view, but speaking with Uber drivers who are positive - as I have - might go a long way towards helping turn sentiment around the company.
* Some fund managers are so desperate to attract capital that they are offering a negative fee model (that will pay investors to manage their money!) * A toxic cocktail is brewing in the money management and private equity spaces * I am short TROW (...
No one ever thought when we created a stock market that there would only be buyers of stocks in an index.
Are things that bad? I remain a non-believer in the recession thesis.
Following the WeWork initial public offering (IPO) debacle and initial post-IPO reaction to Peloton , I'm going to be closely watching how the market and investors receive this week's slate of IPOs. On the IPO front this week we have several new iss...
How much has central bankers' environment been impacted externally? We will see.
Who was speaking to the strength of the U.S. Treasury Department's auction of $32 billion worth of 7 Year Notes as a driver for equities through Thursday afternoon?
The impact of Elizabeth Warren is pretty much everywhere Thursday.
WeWork and Saudi Aramco are two big deals that are worrisome to the entire market.