In Thursday trade, Uber Technologies (UBER) dropped by 9.6%, after a competitor announced an expanded service.
Waymo, owned by Alphabet (GOOG), will expand its operations into Miami. This will further validate its mobility-focused fleet management experience. Investors should take advantage of UBER stock plunging by buying the stock. GOOG stock is also an attractive, long-term investment.
Two days after a CEO at one of the subsidiaries of UnitedHealth (UNH) was fatally shot, shares fell by 5.21%. Shares found support at the 50-day simple moving average. People will want to know why someone would target Brian Thompson, 50, a UNH worker for 20 years. He led UnitedHealthcare, the insurance unit of UnitedHealth.
After abruptly firing its CEO (through a retirement), Intel (INTC) stock continued to fade. The selling pressure is mounting. Shareholders are worried that the co-CEOs will not change their business strategy.
At a UBS investment conference, interim CEOs Zisner and Holthaus said its core strategy is intact. It will continue operating its products and foundry business. Intel must pivot its growth on the PC GPU market. Intel needs Battlemage to capture the mid-market gaming sector.
Synopsys (SNPS) dropped by 12.37% on Thursday. Despite posting strong quarterly results, investors did not like the low Q1 guidance. The stock traded at a premium P/E, so traders should have expected the post-earnings sell-off.
