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Lucid Soars On Uber Partnership, Steve Madden Upgrade, United Airlines Climbs

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Manage episode 495032616 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of Stock Movers:
- Lucid (LCID) shares soared today as the electric vehicle start up plans to partner with Uber Technologies (UBER) and self-driving tech startup Nuro Inc. to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.
- Steve Madden (SHOO) shares rose today after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable. “We believe 2Q EPS will mark the low point for SHOO’s margins as they navigate significant tariff pressure this year,” analyst Paul Lejuez writes in a note.
- United Airlines (UAL) shares are flying after CEO Scott Kirby said there was a turning point at the end of June as business travel rebounded. Kirby also said the company likes to keep its outlook conservative.

See omnystudio.com/listener for privacy information.

  continue reading

628 episodes

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iconShare
 
Manage episode 495032616 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of Stock Movers:
- Lucid (LCID) shares soared today as the electric vehicle start up plans to partner with Uber Technologies (UBER) and self-driving tech startup Nuro Inc. to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years.
- Steve Madden (SHOO) shares rose today after Citi upgraded the stock to buy from neutral, saying the footwear maker’s margins are bottoming as fashion trends turn more favorable. “We believe 2Q EPS will mark the low point for SHOO’s margins as they navigate significant tariff pressure this year,” analyst Paul Lejuez writes in a note.
- United Airlines (UAL) shares are flying after CEO Scott Kirby said there was a turning point at the end of June as business travel rebounded. Kirby also said the company likes to keep its outlook conservative.

See omnystudio.com/listener for privacy information.

  continue reading

628 episodes

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