Lyft Inc Earnings Report After Uber Rallies 10 Percent
Lyft earnings preview: With Uber setting a new path to profitability, could Lyft be far behind?
Lyft Inc. has a tough act to follow. When the ride-hailing service announces fourth-quarter results after markets close Tuesday, investors and analysts will inevitably draw comparison to its larger rival Uber Technologies Inc. UBER, +1.05% .
The market leader last week said it expected to report an adjusted profit in the fourth quarter of 2020 — ahead of its previous projection for sometime in 2021. Uber reported a narrower-than-expected loss in its fiscal fourth quarter, driving its shares up nearly 10% Friday.
Read More | marketwatch.com/lyft
Buy Lyft Stock Because the Company Could Be an Acquisition Target, Analyst Says
Read More | barrons.com/lyft
U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.
Man Who Predicted Central Bank Shift Reveals Newest Prediction
Stocks have soared since hard-asset expert Bill Shaw predicted a central bank shift a year ago. Today, Shaw has a brand-new prediction, which could have a massive impact on your wealth in 2020.
ADBE Adobe Inc Stock Chart 2-11-20
Good morning and welcome back to today's Smart Money Alert.
When I first started trading full-time back in April 2000, we were taught that certain Nasdaq stocks actually lead the market.
We called them "indicator stocks."
The flow went like this - indicator stock, the futures market, then your stock. The idea was we bought our stocks when the indicator stocks jumped. Which was always BEFORE the futures and before most common stocks.
You get a great entry and a fast, momentum move when the futures caught up.
Back then the most common indicator stocks were CSCO and INTC.
ADBE Adobe Inc has traded into consistent bullish order flow the last 4 months and I don't see any signs of it slowing down.
The stock broke 355 resistance and paused perfectly giving us a chance to get long with a lower risk profile (the breakout level).
The previous breakout of 310 launched a 45 dollar rally. I'm game planning a similar position trade here.
A quick note on trade management. "Position trade" means you are not watching every the stock every 5 minutes. If you do you will scare yourself out of a good idea.
Good trading requires working the order until the idea "validates" itself. You might get stopped out on some of these. So what! That's a part of the trading process.
Remember that trading losses are your business expense. It doesn't mean you are a bad trader, it doesn't mean you made a bad trade.
Keep this in mind and you will never fear a losing trade again.
Have a great day.
Pete
