In this morning’s edition of our Get Real market newsletter, we saw Elizabeth Warren’s latest target, a Disney+ and Netflix development, and Musk mocking Ford. Plus, positivity for Lyft and more.
HPE stock fell
Hewlett Packard Enterprises (HPE) opened low and continued to fall on Tuesday after poorly received fourth-quarter earnings results. Negative revenue growth contributed to concerns about the company’s future outlook.
PG&E faces a disaster
PG&E (PCG) has been trying to manage wildfires and preemptive blackouts in California. Now, the company has to contend with a major winter storm. The utility’s deadline to get out of bankruptcy is approaching and issues with previous fires haven’t been resolved.
WeWork: Warren’s latest target
Recently, Senator Elizabeth Warren targeted WeWork after it laid off thousands of people. The SEC is also investigating WeWork for non-compliance. However, the SEC hasn’t disclosed any details yet.
Best Buy’s strong earnings results
Dollar Tree (DLTR) stock fell after the company posted disappointing third-quarter earnings results. Higher costs of goods and operating expenses impacted the company’s lower earnings. Dollar Tree’s fourth-quarter outlook doesn’t look promising.
What to watch for
Lyft’s dose of positivity
Analysts are more positive about Lyft (LYFT). Several analysts upgraded the stock to a “buy” like Uber (UBER). Lyft’s reinvigorated focus on profits and global competition helped it change directions.
Disney+ and Netflix: Is peace an option?
Two weeks ago, Disney+ took the world by storm. However, Netflix (NFLX) hasn’t taken a hit due to the added competition. Both streaming services can coexist at least for now.
Cybertruck versus the F-150
Tesla (TSLA) CEO Elon Musk mocked and challenged Ford’s F-150 on Twitter. Ford (F) will launch an all-electric version of the F-150. The new version will compete with the Cybertruck in the rapidly growing electric truck space.
ExxonMobil’s end-of-year outlook