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Get Real: Record Highs and Data Spies


Oct. 12 2020, Updated 11:50 a.m. ET

In this morning’s edition of our Get Real market newsletter, we saw T-Mobile’s breach, Netflix’s new partnership, and Tesla’s Cybertruck order surge. Plus, change for GE, Uber’s rationale, and more.

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Is Uber’s turnaround justified?

Recently, Uber (UBER) received a stock upgrade from Stifel Nicolaus after gaining favor among other analysts and investors. Fellow unicorn stocks have had a tough time in the market this year. However, Uber has been on a constructive path forward.

FedEx bolstered by Cyber Monday’s outlook

FedEx (FDX) stock rose due to the expectation of a record number of packages on Cyber Monday. FedEx’s holiday season preparations include breaking up with Amazon (AMZN) and exploring autonomous delivery options.

Record highs could be the summit

The S&P 500, the Dow Jones Index, and the Nasdaq Composite Index are trading around their record highs. Analysts think the current level is as good as it can be, which means that the upside for markets in 2020 is limited.

eBay’s StubHub sale boost

eBay (EBAY) announced StubHub’s multi-billion dollar sale to Viagogo, which boosted its stock. Prior to the sale, several analysts downgraded eBay. The company’s weak sales concerned investors.

Netflix and South Korea’s new partnership

Netflix (NFLX) and South Korea’s JTBC Content Hub have entered into a multiyear content distribution agreement. Analysts seem to be responding well to Netflix’s recent international breakthrough.

What to watch for

T-Mobile: We have a breach!

T-Mobile (TMUS) disclosed information about a security breach last week, which impacted a portion of prepaid wireless customers in the US. Antitrust concerns aren’t what the company needed while it works on the merger with Sprint.

Tesla might need more than Cybertruck preorders

Tesla (TSLA) stock fell last week despite revealing the Cybertruck. CEO Elon Musk tweeted that the Cybertruck has received 200,000 preorders. Will the influx of orders be enough to revitalize the stock?

GE’s latest transition

Yesterday, GE (GE) announced that Carolina Dybeck Happe will take over as the CFO early next year. Dybeck Happe has a commendable resume. CEO Larry Culp’s plans to reduce company debt will undoubtedly be a tough challenge.

NextEra Energy’s dividend outlook

NextEra Energy (NEE) might have the lowest dividend yield among its peers, but the dividend outlook is still good. The utility’s stock has had a decent run this year and its dividend profile shows solid growth.


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