Cisco And IBM Lead The Dow Jones Higher Thursday
The
The
The
SPDR S&P 500 ETF Trust (NASDAQ:SPY) finished slightly higher by 0.8% at $419.07.
Here are the day s winners and losers from the DIA, according to data from Benzinga Pro.
Top leaders for the Dow Jones were in industrials:
Cisco Systems Inc (NASDAQ:CSCO),
IBM (NYSE:IBM) and
Meanwhile,
Caterpillar Inc. (NYSE:CAT) and
Walgreens Boots Alliance Inc (NASDAQ:WBA) fell slightly Thursday.
Elsewhere On The Street
Uber Technologies Inc (NYSE:UBER) shares traded lower after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates…
Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.
Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies.
Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.
The report cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward.
Left told Benzinga Thursday that the reasons behind Citron s shift on Jumia that have been reported don t accurately reflect what he sees in the stock as of now.
The bullish case for Trade Desk Inc (NASDAQ: TTD), a provider of a technology platform for buyers of advertising, can be made for three reasons, according to Needham.
The Analyst
Needham analyst Laura Martin upgraded Trade Desk from Hold to Buy with a new $325 price target.
The Thesis
Trade Desk. Read More.
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A year before Carson Block launched Muddy Waters Capital, his hedge fund firm, he started trying to line up a prime broker an investment bank that could lend him stocks so he could then sell them short. But the task was proving arduous.
The problem, he believes: Block had made his name calling out China frauds, and Wall Street loved China.
After several bulge-bracket banks turned him down, Block decided to try his luck with Jefferies Financial Group, a scrappy up-and-comer known for its trading skill. Muddy Waters, then only a research firm, was based in San Francisco, so he arranged an interview with Jefferies CEO Rich Handler on his next visit to New York City.