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Google Business NewsJul 06, 2020
Uber agrees to buy food-delivery service Postmates for $2.65 billion in stock - CNBC
Uber agrees to buy food-delivery service Postmates for $2.65 billion in stock  CNBCUber to buy food-delivery service Postmates in $2.65 billion all-stock deal  CNBC TelevisionThe Morning After: Uber sets its sights on Postmates  EngadgetUber, Postmates Agree on $2.65 Billion All-Stock Deal  BloombergDow Futures, Uber, Warren

CNBC FinanceJul 06, 2020
Stock market live today: Dow futures jump, reopening trades rise, big deals boost sentiment
A conversation about market moving news.

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Stock market news live updates: Stock futures rise, Dow futures add 350 points (Yahoo Business)

MarketWatch MarketPulseJul 06, 2020
Tesla's stock surges toward another record after the Street's most bearish analyst boosts price target
Shares of Tesla Inc. shot up 6.2% in premarket trading Monday, putting them on track to open at another record high, as even the most bearish Wall Street analyst got a little less bearish, after the electric vehicle maker's better-than-expected deliveries data released last week. The stock has soared 25.9% amid a 4-day win streak through Thursday, which included three-straight record closes. Analyst Ryan Brinkman at J.P. Morgan raised his stock price target to $295, which is 76% below Thursday's closing price of $1,208.66, from $275, as a result of the deliveries data, but his target remains the lowest of the 32 analysts surveyed by FactSet. Brinkman reiterated his underweight rating, citing a "lofty" valuation, and cautioned that any substantially better results could include items of a one-time nature, including credit sales and release of deferred revenue associated with autonomous driving features. Meanwhile, Deutsche Bank analyst Emmanuel Rosner raised his rating to $1,000 from $900, while keeping his rating at hold, citing the "robust" deliveries data. The average rating of the analysts surveyed by FactSet is now $774.98, or 36% below Thursday's closing price. The stock has now nearly tripled year to date (up 189%), while the S&P 500 has slipped 3.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NYTimes BusinessJul 06, 2020
Stock Markets Rise After Getting a Push in Asia: Live Updates
The latest on stock market and business news during the coronavirus outbreak.

Chicago Tribune Business NewsJul 06, 2020
Uber to buy Postmates in $2.65 billion all-stock food delivery deal
Uber Technologies has agreed to acquire Postmates in a $2.65 billion all-stock takeover, helping Uber and its Uber Eats food-delivery division gain ground against DoorDash.

RELATED ARTICLES
Uber confirms deal to buy Postmates in an all-stock deal valued at $2.65 billion (MarketWatch MarketPulse)

MarketWatch MarketPulseJul 06, 2020
Nio's stock rockets toward a near 2-year high after upbeat report on June sales
Shares of Nio Inc. were vaulted 21% higher in premarket trading Monday, after DigiTimes reported that the China-based electric vehicle (EV) maker recorded a big jump in sales in June. The rally puts the stock on track for a fifth-straight gain, to the highest price seen during regular session hours since Sept. 14, 2018, which was Nio's third day as a public company; the stock's record close was $11.60 on Sept. 13, 2018. The stock rocketed 35.9% over the past four sessions through Thursday. DigiTimes reported Monday, citing industry sources, that Nio sold 3,740 EVs in June, up 179% from a year ago. The report follows rival Tesla Inc. reporting on Thursday second-quarter deliveries that were well above expectations. Nio's stock has more than doubled year to date through Thursday (up 133%), while Tesla shares have nearly tripled (up 189%) and the S&P 500 has slipped 3.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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