ELECT 24 Top Ad

Dow Down Big Again; Uber IPO In Focus

UBER stock opened for trading below its IPO price

May 10, 2019 at 11:55 AM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is down 300 points today following an increase in U.S. tariffs on Chinese goods and more tweeting this morning from President Donald Trump. Specifically, President Trump suggested the U.S. would stay patient in its pursuit of a trade deal with China, as the countries continue negotiations in Washington.

Outside of the trade drama, investors were greeted with low inflation data once again, according to the consumer price index (CPI) for April, while others monitor Uber's (UBER) high-profile initial public offering (IPO). The shares of the ride-hailing company opened moments ago on the New York Stock Exchange (NYSE) at $42.26, below their $45 per share IPO price.

Continue reading for more on today's market, including: 

midday market stats may 10

One name seeing unusual options trading today is Jumia Technologies (NYSE:JMIA). The e-commerce stock is selling off a day after Citron Research said the stock was "worthless," with JMIA last seen down 18.6% at $21.84. In the meantime, roughly 4,000 puts have traded, more than double the daily average, and new positions are opening at the May 20 and 22.50 puts. Buyers of these options could be betting on JMIA moving lower over the next week.

One of the best stocks today is Cardlytics Inc (NASDAQ:CDLX), up 25.4% at $21.15. The financial data provider issued a smaller-than-expected first-quarter loss on in-line revenue, and the shares are above the $20 mark for the first time since November. CDLX IPO'd in early 2018 at $13 per share.

cdlx stock chart

On the bottom of the Nasdaq is Puma Biotechnology Inc (NASDAQ:PBYI), as the stock falls 36.3% to $19.11, due to troubling sales of Nerlynx, its drug for breast cancer. PBYI stock earlier bottomed at $17.80, just 20 cents above its 52-week low from November, pushing its 12-month loss to more than 60%.

 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

VOLATILITY SCORECARD

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD