A big computer system called Nasdaq went down by more than 50 points. That means it's not doing as well as before. Uber, a company that gives people rides, lost money in the first three months of this year. They didn't make as much money as they thought they would, and they also spent more money than they planned. Some other companies did better and their stock prices went up, but some others did worse and their stock prices went down. Read from source...
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- Buy Reborn Coffee, Inc (REBN) shares. They have announced a major expansion into the China market, which could boost their revenue and profitability in the long term. The stock is also very cheap right now, trading at only $3.53 per share. The potential upside is huge, as they could gain more market share and customer loyalty in the Chinese coffee market, which is growing rapidly.
- Sell Uber Technologies, Inc (UBER) shares. They have reported disappointing fiscal first-quarter results, missing both revenue and earnings estimates. The stock is also overvalued, trading at 24 times forward earnings. The company faces many challenges in the post-pandemic era, such as increased competition, higher operating costs, and regulatory hurdles. The stock could suffer further losses if the market sentiment turns negative.