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MarketWatch MarketPulseJan 21, 2020
Build-A-Bear stock soars 62% as toy company prepares for Baby Yoda
Build-A-Bear Workshop Inc. stock has soared nearly 63% over the past month, with the toy retailer preparing to launch a Baby Yoda toy in spring 2020 both online and in-stores. The stock has struggled over the past year, down 5.5% even as the S&P 500 index has rallied 24.6%. However, the popularity of the Baby Yoda character has given shares a boost, with Build-A-Bear ending last week up 55.7%. The company announced the plan for a new toy at the ICR Conference, which took place last week. Walt Disney Co said in December that it was also putting out a Baby Yoda plush toy. Build-A-Bear said more details about the toy are coming soon.

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.



Yahoo BusinessJan 21, 2020
Stocks Slip Worldwide After Virus Spurs Caution: Markets Wrap
(Bloomberg) -- U.S. equities slumped, joining a global decline as investors grappled with worries that a deadly virus in China might undercut economic growth. Treasuries rose.All three of the main U.S. gauges slid in early trading, with industrial shares among the worst performers after declines in Asia and Europe triggered by reports that the respiratory virus was spreading. Shares in Hong Kong were hardest hit. The Stoxx Europe 600 Index recovered from the worst of its drop, though remained on course for a second day of losses.U.S. luxury stocks headed for their biggest drop since October on worries the virus will disrupt spending during a key Chinese holiday period; banks also retreated after UBS Group AG missed profitability targets. The risk-off mood helped support some traditional haven assets, and the yen and Treasuries advanced even as gold fell.Read more: China Virus Concern Hammers Asian Stock SentimentThe emergence of the illness in China stirred memories of the SARS outbreak 17 years ago for some market watchers, though it isn't yet as serious. The developments provided an excuse for investors who bid up U.S. stocks to record highs last week to take a pause and assess the outlook for global growth and corporate profits as earnings season picks up."There seems to be a little bit of profit taking, maybe a little less risk taking today," said Yousef Abbasi, global market strategist at INTL FCStone. "You're going to see people thinking about what is normally a travel and leisure holiday in China, a

MarketWatch MarketPulseJan 21, 2020
Uber stock gains after sale of India food-delivery business
Uber Technologies Inc. shares are up 1.7% in premarket trading Monday after the company disclosed that it had completed the sale of its India food delivery business to Zomato, a local player, for a 9.99% stake in the company and about $35 million in cash. "Given Zomato's recent valuation of $3.55 billion in the private markets, this would value the sale at roughly $355 million and ends a dark chapter for Uber Eats in India which has struggled to gain share vs. entrenched domestic competitors Zomato and Swiggy which together control roughly 80% of the food delivery market in India," Wedbush analysts Ygal Arounian and Daniel Ives wrote in a note to clients. They said that there are many markets in which Uber's management needs to determine whether it should exit due to the difficulties of becoming a market leader. Shares are up 12% over the past three months, as the S&P 500 has added 11%.

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.



Yahoo BusinessJan 21, 2020
Tesla Shares May Reach $960 in Early 2021, Biggest Bull Says
(Bloomberg) -- Tesla Inc.'s most bullish Wall Street analyst predicts the dizzying rally in the shares of the electric-car maker will accelerate this year and trade in the $640-to-$960 range in early 2021.New Street Research analyst Pierre Ferragu anticipates the company will sell 2 million to 3 million cars per year after 2025 at industry-leading margins, justifying a market capitalization of $230 billion to $350 billion, or about $1,100 to $1,700 per share."The stock will remain volatile, as the spread between bull and bear cases remains wide," said Ferragu, who boosted his price target to a Street high. "And God only knows what the next controversy will be."Tesla is set to report quarterly earnings next week. Shares of the company are up 3% in pre-market trading and have increased more than 100% over the past three months. A surprise third-quarter profit and strong deliveries for the fourth quarter helped fuel the rally, along with the opening of its China plant.Ferragu, who raised his price target to a $800 from previous $530, expects the company to post a strong free cash flow beat when it releases fourth-quarter earnings on Jan. 29.He also predicts 2020 delivery guidance to beat estimates, and a potential drop in gross margins in the first half of the year as Shanghai-assembled Model 3s -- which have higher fixed costs per car -- increase in the overall mix.Earlier on Tuesday, Bernstein analyst Toni Sacconaghi struck a cautious note, saying the Shanghai Gigafactory production could pressure margins in fourth and first quarter.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3

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MarketWatch MarketPulseJan 21, 2020
Uber is Morgan Stanley's top internet stock pick, stock rises
Morgan Stanley analyst Brian Nowak named Uber Technologies Inc. his top internet stock pick for 2020 on Tuesday, writing that the company is showing profit improvements in both its ride-hailing and Uber Eats businesses. The stock is up more than 4% Tuesday. "The two-player U.S. rideshare market continues to be more profit-focused and we expect the decline in available private funding for cash-burning competitors (post-WeWork) to make the non-U.S. markets more rational," he wrote. On the food delivery side, Nowak expects market consolidation in the U.S. and a more rational approach to the company's footprint overseas. Uber announced Tuesday that it had divested its India food-delivery business. Uber's shares have gained 20% over the past month, as the S&P 500 has risen 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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