Tag: LYFT
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An Earnings Report Typo Sent Lyft Up 60%
Whoops! Earlier today, shares of Lyft (LYFT) were up about 60% on news its gross margin would expand by 500 basis points or five percentage points. Unfortunately, those numbers were a bit off. The company’s actual estimate is much lower than 500 basis points. There was an extra zero attached. Its real number should have…
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Trading 101: How to Use Fear as Opportunity
Fear can lead to massive opportunity. In fact, it’s how some of the most well-known investors made their fortunes. Buffett still advises to “be fearful when others are greedy and greedy when others are fearful.” Sir John Templeton bought excessive pessimism. Baron Rothschild once told investors, “The time to buy is when there’s blood in…
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Weakness in Uber and Lyft is an Opportunity
Investors may want to pay close attention to Uber and Lyft. Late last week, a California court struck down a measure that exempted these companies from a “state law requiring drivers to be classified as employees eligible for benefits and job protections,” as noted by USA Today. In addition, according to The Wall Street Journal,…
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Why LYFT and Uber Are Exploding Higher Today
Gig economy stocks, like LYFT Inc. (LYFT) and Uber (UBER) got a boost earlier this week on the passage of California Prop 22 won. As noted by The Guardian, LYFT and Uber won a major victory to classify drivers as contractors, not employees following the passage of the measure. “The passage of proposition 22 in…