Stocks (^DJI, ^GSPC, ^IXIC) move higher. The energy (XLE) sector is most in the green, and the industrial (XLI) sector is most in the red. Yahoo Finance’s Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith is joined by Julia La Roche, Myles Udland, Dan Howley, David Pogue and Stefan Selig, Founder & Managing Partner at BridgePark Advisors.
You won't believe the amount of money that the bottler intends to return to shareholders.
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Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.
Uber Technologies stock was falling Wednesday after the ride-sharing company posted a first-quarter loss when analysts expected a profit. Uber reported a first-quarter adjusted loss of 32 cents a share on revenue of $10.13 billion. The net loss for the quarter was $654 million, which includes a $721 million headwind due to “unrealized losses related to the revaluation of Uber’s equity investments.”
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
Warren Buffett is selling his largest holding, and that's a huge deal.
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
Uber and Shopify sold off early Wednesday on earnings, but Arista Networks led stocks flashing buy signals on results.
Prepare yourself for a big shock.
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.