The stock market ended Thursday lower as investors await the highly-anticipated jobs report for September. Oil prices surge amid the possibility of a retaliation attack from Israel against Iran.
Overall, S&P 500 was down 0.2% to 5,670, while NASDAQ was flat at 17,918.
Tweet of the Day
SuperMicro's $SMCI profits and profit estimates in Earnings Per Share (EPS):
2022 $5.65
2023 $11.81
2024 $22.09
2025 $33.91e
2026 $44.12eIf the company can get its financials in order (and squash other allegations) the stock could make a big run higher.
— David Sharek (@GrowthStockGuy) September 23, 2024
Chart of the Day
Here is the one-year chart of Uber Technologies (UBER) as of September 4, 2024, when the stock was at $72.
Uber (UBER) announced that it is expanding its partnership with Waymo to bring autonomous taxis to Austin and Atlanta. These two cities will get autonomous ride-hailing in early 2025. The vehicles will be Jaguar I-Pace, provided by Alphabet’s Waymo, while Uber will provide fleet management including upkeep and repairs. This could be a catalyst for Uber, but the company stated that this fleet will only be in the hundreds over time. Investors were excited about this news prior to the market’s open, as the shares jumped to $72 from yesterday’s close of $68. However, the shares have since fallen back to $71 and volume hasn’t been high today.
UBER is on the radar for the Growth Portfolio. David Sharek, Founder of School of Hard Stocks, will wait a little bit more and see what happens.