How the massive EV transition is starting in the car rental industry

Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022. Just like that, the race was on within the industry to transition to EVs from internal combustion engine (ICE) models. While Hertz was first off the starting blocks, its two biggest…

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Cramer’s lightning round: Trade Desk is too expensive

Upstart Holdings Inc: “I didn’t like the loans on the balance sheet. If it gets rid of the loans … or it makes me convinced that they’re good, then all is forgiven and I’m cool with it.” VIDEO4:4804:48 Cramer’s lightning round: Trade Desk is too expensive Source link

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Cramer’s lightning round: I like CVS over Rite Aid

Star Bulk Carriers Corp: “The way this stock is priced, the dividend’s going to be cut. I don’t know if that’s the case. … This is what I almost would call too good to be true.” PG&E Corp: “I don’t like them. … Cut [your shares] in half, take the profit and move on.” Source link

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Cramer’s lightning round: I can’t recommend UiPath

ACM Research Inc: “It’s got a very cool technology. … I’m not going to bless it, but I’m not going to tell you to sell it.” UiPath Inc: “This is a great company and a bad stock, what can I say? We’re not recommending stocks that have gigantic losses anymore. We just can’t.” Hertz Global Holdings Inc: “This company is run by this guy, [CEO] Steve Scherr. He was just a genius at Goldman Sachs. I can’t wait to have him on our show.” Source link

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Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more

Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The purchase came weeks after the Tesla CEO polled his 80-plus million Twitter followers about if the platform adheres to free speech principles. Musk also recently hinted at starting his own site. The move is sparking speculation among analysts that Musk could take a…

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Cramer’s lightning round: Hertz is worth buying

Cedar Fair LP: “I like that one very much, you stay there [and don’t sell] … I think the stock goes much higher.” Ciena Corp: “I don’t really care for CIEN, because I’ve got Cisco all the way down here at $55 [a share], and they just reported an unbelievable quarter. Why do we have go down to Ciena?” Roblox: “It’s too low to sell … you’ve got to start making things and do stuff and make them money doing it, and return to shareholders. Now, the company does not…

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Stocks making the biggest moves premarket: Live Nation, SeaWorld, Gannett and others

Check out the companies making headlines before the bell: Live Nation (LYV) – The live event producer’s shares jumped 5.4% in a down market after reporting better-than-expected quarterly revenue and saying it has already sold 45 million tickets for 2022 events even as ticket prices rise substantially. SeaWorld Entertainment (SEAS) – The theme park operator earned 92 cents per share for its latest quarter, well above the 29 cent consensus estimate. Revenue came in above forecasts, more than doubling a year ago, with park visitors spending more per person than…

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Tesla reports fourth-quarter earnings after the bell

Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share expected, per Refinitiv Revenue: $16.57 billion expected, per Refinitiv The report comes in the midst of the most important tech earnings season in years. The Nasdaq has suffered its worst January since 2008 as many investors have begun to…

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Tesla, bitcoin, growth stocks? Here’s what market bubbles are still looming

When a stock or sector of the market is trading way above its intrinsic value, investors may call it a “bubble.” “We would urge caution, severe caution. Be very afraid of the valuations of these growth companies,” Peter Chiappinelli, portfolio strategist at GMO Asset Allocation, told CNBC. Market bubbles are investing phenomena that can occur when valuations are driven by exuberant behavior — and they can burn investors. The last 12 months have seen several bubbles burst. Take meme stocks such as GameStop and AMC, as well as dogecoin. And…

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