Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
fell 3.2% in the afternoon session after the company, along with rival Lyft, signed off on a deal to allow its California ride-hail drivers to unionize.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Chinese stocks are a ticking time bomb, but not in the way that most investors would think. All the upside can be had in this region with the right picks.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks.
Sustained positive free cash flow and major governance changes are signaling a new era of financial discipline and fueling renewed optimism for Lyft stock.
Lyft, Inc. generated strong free cash flow growth in Q2, and its FCF margins have risen. Even though the stock has risen, it's still off the recent highs. It looks too cheap here. Investors may want to buy in-the-money calls and short OTM puts.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 9.5% in the afternoon session after the company announced its co-founders, Logan Green and John Zimmer, will step down from the board next year. The rideshare company announced that co-founders Logan Green and John Zimmer will exit the board in August 2025, completing a two-year transition plan. As part of the change, they will convert their special Class B shares to Class A shares, eliminating the dual-class structure and establishing equal voting rights for all shareholders.
The combination will create a leading North American medium-duty electric truck original equipment manufacturer with a full range of Class 4-6 trucks valued at about $105 million, the companies said.
