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Webull | Benzinga

Webull | Benzinga
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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ADAS | Benzinga

Ravi Shanker of Morgan Stanley on Wednesday commented that “$2 gasoline brings complexity to the auto industry” and that the cheap gas may also complicate long-term secular trends that are pushing towards tougher fuel efficiency standards.
Shanker notes that nevertheless, the industry still remains. Read More.
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Jumia Technologies AG (NYSE:JMIA), Amazon.com, Inc. (NASDAQ:AMZN) - Why Jumia Could Be Worth More In Sum Of Parts Valuation

Share:
Jumia Technologies (NYSE: JMIA) went on quite the ride Tuesday after reporting first-quarter financial results.
Investors saw the company report a drop in revenue and shares immediately sold off. Shares traded down to $17.90 before climbing up throughout the day and ended in the green.
What Happened: Jumia reported a year-over-year revenue decline of 6.4% in the first quarter. Gross profit in the first quarter improved 11% year-over-year. Gross profit after fulfillment expenses was up 149% year-over-year.
“Our first quarter results reflect solid progress towards profitability. The drivers remain consistent: selective and disciplined usage growth, gradual monetization and continued cost discipline,” said Co-CEOs Jeremy Hodara and Sacha Poignonnec. ....

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Cisco And IBM Lead The Dow Jones Higher Thursday

Cisco And IBM Lead The Dow Jones Higher Thursday
The
The
The
SPDR S&P 500 ETF Trust (NASDAQ:SPY) finished slightly higher by 0.8% at $419.07.
Here are the day s winners and losers from the DIA, according to data from Benzinga Pro.
Top leaders for the Dow Jones were in industrials:
Cisco Systems Inc (NASDAQ:CSCO),
IBM (NYSE:IBM) and
Meanwhile,
Caterpillar Inc. (NYSE:CAT) and
Walgreens Boots Alliance Inc (NASDAQ:WBA) fell slightly Thursday.
Elsewhere On The Street
Uber Technologies Inc (NYSE:UBER) shares traded lower after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates… ....

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Exclusive: Why Citron Research's Andrew Left Says Jumia Could Be Buyout Target

Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.
Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies.
Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.
The report cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward.
Left told Benzinga Thursday that the reasons behind Citron s shift on Jumia that have been reported don t accurately reflect what he sees in the stock as of now. ....

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