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.
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
Netflix and South Korea’s new partnership
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.