Best Stocks To Buy: Reddit, Trump's Stock, PLTR Stock, UPS Stock, HD Stock, AT&T, and RBRK Stock!
Channel: YT Finance 2
Date: 02/04/2024

#stocks #stockmarket #stockstobuy

Markets continued their strong start to 2024, with the Nasdaq, S&P 500, and Dow Jones Industrial Average all posting impressive year-to-date gains. Bitcoin also pushed higher, nearing $71,000 per coin, while shares of energy giant ExxonMobil surged 14.61% amid rising oil prices.

In corporate news, telecommunications behemoth AT&T revealed that the personal data of millions of current and former customers was leaked on the dark web, including sensitive information like social security numbers. The breach has prompted an internal investigation and raised concerns over the company's cybersecurity practices.

At the Walt Disney Company, an intriguing boardroom battle is brewing ahead of the entertainment conglomerate's annual shareholder meeting this week. CEO Bob Iger and activist hedge fund investors are feuding over the best path forward to bolster Disney's lagging share price.

The highly anticipated initial public offering of social media platform Reddit saw shares spike before pulling back sharply, vindicating predictions of volatile trading. While unprofitable, Reddit is exploring new revenue streams like selling access to its data trove for AI training.

In the artificial intelligence sector, smaller player Big Bear AI surged before crashing after a disappointing earnings report. However, many analysts remain bullish on the company's prospects given its military contracts and acquisition plans aimed at nearly 40% revenue growth in 2024.

The woes continued for electric vehicle upstarts Canoo and Fisker, with both companies at risk of bankruptcy in the face of dwindling cash reserves and missed production targets. Donald Trump's social media venture Truth Social also issued a going concern warning, contributing to Trump's $2 billion paper loss on his investment so far.

Transportation giant FedEx saw shares dip after losing a key U.S. Postal Service shipping contract to rival UPS. And home improvement retailer Home Depot experienced a sell-off following its $18.25 billion acquisition of a specialty distributor, though the deal expands its total addressable market by $50 billion.

Finally, cybersecurity firm Rubrik filed for an IPO potentially valuing it at $4 billion, buoyed by backing from Microsoft despite not yet turning a profit.

Sources: https://www.morningbrew.com/daily/issues/fast-food-dustup

https://sherwoodmedia.com/snacks/newsletters/wall-streets-r-ipo/

https://finance.yahoo.com/news/bigbear-ai-ai-stock-set-181300602.html

https://seekingalpha.com/news/4086053-ev-startup-canoo-raises-going-concern-doubts-as-it-runs-low-on-cash

https://finance.yahoo.com/news/trump-suffers-2bn-hit-truth-181102536.html

https://seekingalpha.com/news/4085942-fedex-lost-a-key-usps-contract-to-ups-should-investors-be-worried

https://finance.yahoo.com/news/why-home-depot-stock-slipped-214400895.html?ref=biztoc.com

https://seekingalpha.com/news/4086029-microsoft-backed-rubrik-files-with-sec-for-ipo

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