Track market-moving stories before they get noisy

Facebook and Instagram were suffering from widespread outages on Friday morning. Users of the Meta-owned social media sites reported issues with accessing the platforms, according to the third-party outage-tracking website DownDetector.com.

Meta Platforms (NASDAQ:META | META Price Prediction) just delivered Q1 revenue of $56.31 billion, up 33% YoY, and EPS of $10.44 against a $6.66 consensus.

Richland Parish School Board said teachers will receive bonuses of up to $50,935 this year, a staggering jump from last year's maximum of $10,200.

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Elon Musk rings the opening bell for the SpaceX IPO on Friday morning. Imagine missing the Tesla IPO. I understand the pull to invest in SpaceX (SPCX). But SpaceX at a $1.75 trillion valuation is a different ball game. Tesla went public at a valuation a thousand times smaller. And the Musk premium that powered Tesla’s run wasn’t baked into the IPO price. Investors got it for free. Neither is true at SpaceX. Those two differences aren’t even the most important argument to consider. If you’re still on the fence about buying SPCX: read on.

Two camps emerged from Thursday night’s pricing. The first sees the largest IPO in history, $75 billion raised, and reads it as a vote of confidence in American ambition. The second sees a $1.75 trillion valuation on a company that lost $4.94 billion last year on $18.67 billion in revenue and asks where the math comes from.

Both camps are answering the wrong question. The right one isn’t whether SpaceX is a great company. It is. The question is whether SpaceX is valued fairly.

The Tesla effect. Tesla’s run from a $1.7 billion IPO to a trillion-dollar valuation trained a generation of retail investors to interpret Musk-led volatility as a buying opportunity. Drawdowns of 30, 40, 60 percent in TSLA were correct ex-post to hold through. The lesson has been internalized as a rule: when a Musk company drops, you buy. That rule worked spectacularly. It is now being applied, unconsciously, to a company starting at roughly 1,000 times the Tesla IPO market cap.

The discipline that worked when Tesla was a $1.7 billion company will not work when SpaceX is a $1.75 trillion one. The math is different. The opportunity set is different. The base rate is different. Position sizing built on a small-cap conviction rule, applied to a mega-cap, is not conviction. It is a category error.

The behavioral term is the lottery effect: chasing the small probability of an outsized payoff while ignoring the much larger probability of a mediocre or negative one. University of Florida finance professor Jay Ritter’s data on four decades of US IPOs shows that listings of unprofitable companies underperform the market by roughly 30 percent over the following three years. SpaceX lost $4.94 billion last year. The lottery framing is not a metaphor. It is what the historical data say happens to companies that go public losing this much money.

The most expensive mistake a Tesla winner can make is to assume the rule that minted them generalizes. It doesn’t. Tesla minted you because of where Tesla started, not because of who runs it. The starting valuation is the variable. At $1.75 trillion, that variable is set against you.

A few structural facts about the IPO itself reinforce the point.

The early price is engineered, not discovered. SpaceX is floating roughly 4% of itself — some $75 billion of stock against trillions of dollars of global demand. The lockup is the tell. Instead of the standard 180-day cliff, the prospectus lays out a tiered release that lets insiders begin selling tranches after the first earnings report and continues in steps through day 180. Musk is exempt from the early provisions.

Add a microscopic float, MSCI fast-track inclusion 10 trading days after listing that triggers mechanical buying from passive funds tracking nearly $6 trillion in assets, a retail allocation originally targeted near 30 percent and cut to the low 20s as institutional demand overwhelmed the book, and a staggered insider exit that distributes into whatever pop the scarcity produces.

That isn’t price discovery. That is choreography.

We have seen this picture before. Saudi Aramco listed in December 2019 on a 1.5 percent float at a $1.7 trillion valuation, popped 10 percent on day one, briefly touched $2 trillion on day two, and now trades near 27 riyals against a 32 riyal IPO price, below where it came public more than six years later. Snowflake priced at $120 in September 2020, opened at $245, closed at $254, and today trades around $240. Opening-day buyers are still flat-to-negative on a five-and-a-half year hold. The opening weeks of SPCX will tell you nothing about what SpaceX is worth. They will tell you what scarcity, a Musk premium, and index flows produce when they collide.

S&P Dow Jones, notably, declined to fast-track SpaceX into the S&P 500. The profitability rule held. That should tell you something about what one major index committee thinks of the valuation.

The economics ask you to underwrite a company larger than any that has ever existed. At the $135 IPO price, SPCX trades at roughly 94 times trailing revenue. To justify the valuation on a conventional discounted cash flow, SpaceX has to grow into something north of $1 trillion in revenue and a few hundred billion in annual profit. For reference, Amazon does about $740 billion in revenue today and Alphabet does about $130 billion in annual profit. SPCX has to outgrow both.

The bulls have an answer. Morgan Stanley and Goldman project $160 billion in 2028 revenue, roughly nine times last year. New Street models 60 percent compound growth through 2030 and lands at a $165 target. Those numbers require Starlink to become a SaaS giant, Starship to reach commercial cadence, and xAI (folded into SpaceX in February) to compete with OpenAI and Google for orbital compute.

Each is arguably plausible on its own (though as an AI guy, I’m particularly skeptical of xAI). At this IPO price, you are paying upfront for all three bets to land. In contrast, Morningstar puts fair value at $780 billion — $63 a share against the $135 offer.

Who actually runs SpaceX. One more piece the coverage has glossed past. SpaceX is going public with Musk retaining 85 percent of voting power through Class B shares. Public shareholders will own an economic interest and almost no governance interest. There is no proxy fight available, no activist path, no board seat to recruit. If you disagree with how Musk is allocating capital between Starlink, Starship, and xAI, your only option is to sell.

Concentrated voting structures exist at other large tech companies. None of them are at $1.75 trillion with a CEO running multiple other major operations. The governance discount that should apply here is not modest. It is the difference between owning a piece of the seventh-largest company in the world and owning a piece of whatever the famously mercurial Musk decides it should be on a given Tuesday.

Where I could be wrong. If Starship hits weekly commercial cadence in 2027, if Starlink’s direct-to-cell business scales the way Morgan Stanley assumes, and if orbital compute proves out before terrestrial AI infrastructure saturates, $1.75 trillion could look cheap. I would not bet against any one of those individually. I am betting against all three at once, today, at this valuation.

For most of us the decision isn’t binary anyway. The moment SPCX enters the major indices, anyone with an S&P 500 fund or a total-market ETF owns it. The active question is whether to take additional concentrated exposure on top of the passive slug coming your way. My answer is no, not yet. Wait for the first earnings report. Wait for the lockup cascade. Wait for Starship cadence data the bulls can’t hand-wave away. What you want and when to buy it are two separate decisions.

The stock may go up. That doesn’t change the math. At $1.75 trillion you aren’t investing in SpaceX. You are subsidizing it.

Disclosure: I’m not an investment advisor; follow my advice at your own risk. I have no position in SPCX and no plans to take one.

SpaceX's COO Gwynne Shotwell didn't dismiss the possibility of a tie-up with Tesla, Elon Musk's other trillion-dollar public company. A tie-up "might make Elon's life a little easier," Shotwell told CNBC, as SpaceX was preparing to hit the Nasdaq following the largest IPO on record.

© Pascal Le Segretain / Getty Images Entertainment via Getty Images

Shares of SpaceX (NASDAQ:SPCX) are up 26% in midday trading Friday after the company completed the largest IPO in history. SPCX stock traded near $170, well above the $150 open and the $135 IPO price set Thursday night. This ranks among the most closely watched NASDAQ debuts in years.

The SpaceX session has been volatile by any measure. The day’s range stretched from $150 to more than $175, capturing the IPO-day churn analysts had warned about heading in. About 555.6 million shares were priced at $135 each, raising a record $75 billion at an IPO valuation near $1.77 trillion that dwarfs every prior listing.

The NASDAQ debut also reshapes the global wealth leaderboard. With SPCX stock surging, Tesla (NASDAQ:TSLA | TSLA Price Prediction) CEO Elon Musk is officially the world’s first trillionaire.

How Musk’s Wealth Crossed $1 Trillion Musk holds 42% of SpaceX equity and 82% of voting control through Class B shares, a structure laid out in the company’s S-1 filing. With SPCX trading near $158 around midday, his SpaceX stake alone is valued at about $869.4 billion.

His roughly 717 million Tesla shares are worth about $278.2 billion at around $388 per share. Combined, the SpaceX and Tesla stakes total approximately $1.147 trillion, before counting Neuralink, the Boring Company, and other private holdings.

The Bear Case Surrounding SPCX Stock SpaceX revenue is driven largely by Starlink, the satellite broadband network reaching paying customers across 164 countries. Q1 2026 revenue came in at $4,694 million with adjusted EBITDA of $1,127 million. However, SpaceX still posted a loss from operations of $1.943 billion as capital spending on Starship, the xAI merger, and orbital AI data centers ramps.

Governance is another concern for new SpaceX shareholders. Class B shares carry ten votes each versus one for Class A, leaving Musk with effective control of board composition and most shareholder votes. SpaceX qualifies as a “controlled company” under NASDAQ rules and intends to rely on the corresponding governance exemptions.

Analysts have also cautioned about the typical IPO selloff pattern, where early backers and pre-IPO holders look to monetize gains once trading windows open. The gap between Thursday’s $135 pricing and Friday’s $150 open already shows how quickly SPCX sentiment can shift on a day like this. Volume and intraday swings could intensify into the close.

Tesla’s Indirect Exposure to the SpaceX Print Tesla stock closed Thursday at $399.15, leaving TSLA shares down 11% year to date (YTD) but up 22% over the past year; the share price is practically unchanged as of Friday afternoon. The TSLA stock slide this year stands in contrast to today’s SpaceX excitement, even though both companies share Musk and overlapping strategic projects.

Tesla disclosed a $2 billion equity stake in SpaceX in its Q1 2026 filing, alongside a joint semiconductor fab at the Gigafactory Texas campus. The vertically integrated chip program gives Tesla holders indirect exposure to today’s SpaceX valuation, even before factoring in Musk’s personal cross-ownership.

What Investors Should Watch From Here Reddit sentiment on SPCX stock skewed bearish into the open, with r/investing scoring 24 and a viral r/stocks post titled “People are treating SpaceX like a guaranteed lottery ticket” drawing 1,337 upvotes and 991 comments. The r/WallStreetBets crowd registered a more enthusiastic 50 sentiment reading, capturing the familiar split between fundamental caution and short-term speculation around SpaceX.

Investors can keep an eye on SPCX stock into the close to see whether the 26% pop holds or fades as pre-IPO holders consider trimming. Lockup expirations and the first wave of sell-side initiations could shape the next leg for SpaceX stock.

Tesla shareholders may want to watch for any pull-through from the SpaceX valuation in the coming sessions. The Musk premium has historically traveled between his companies, and a record IPO debut is an unusually loud reference point for the entire ecosystem.

The companies led by Elon Musk have become increasingly intertwined in the past couple of years. These firms have shared employees and purchased batteries, software, and vehicles from each other.

CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world’s first trillionaire.” This comes as the result of the long-awaited SpaceX IPO, which is poised to revalue Musk’s privately held stake at public-market multiples and push his net worth past a threshold no individual has ever crossed.

The Tesla and SpaceX Stack On the Tesla side, Frank pegged Musk’s stake at “around $260 billion“ as of yesterday’s close, a figure that “includes those options worth about $120 billion that were tied up in court for a while. He got those back.” Tesla (NASDAQ:TSLA | TSLA Price Prediction) carries a market cap of $1.49 trillion and trades at $396.82, down 11.24% year to date but still up 22.28% over the past year. Tesla’s Q1 FY26 revenue of $22.39 billion (+15.8% YoY) and its disclosed $2 billion equity investment in SpaceX tightened the financial link between the two companies before today’s listing.

The SpaceX line is where the math gets historic. Frank cited the S-1 directly: “On SpaceX, the S-1 filing lists him with 6.4 billion shares. At an IPO price of $130 to $135 a share, his SpaceX stake would be worth $690 billion.” He noted that Musk excludes 1.3 billion SpaceX shares from the calculation because they do not vest until milestones tied to Mars colonization or massive compute targets are met.

The $140 Threshold for SpaceX Adding it up, Frank said: “That brings SpaceX and Tesla together to $950 billion. Adding Neuralink, Boring, other assets probably worth $10-20 [billion], that brings him right now to a total of about $970 billion.”

However, Musk can easily reach his fourth comma in his net worth if SpaceX stock moves higher: “SpaceX shares need to stay above $140 a share for Musk to be the first person in the world to receive the fourth comma in his net worth.” As of 2:43 PM ET on June 12, SpaceX stock currently trades at nearly $170, meaning Musk would reach trillionaire status today if the price holds.

Thousands of New Millionaires Beyond the headline number, Frank highlighted the wealth-creation cascade rippling through SpaceX’s payroll. “And the thousands and thousands of millionaires that are being created by this IPO… people joined this company in the early 2000s. Nobody knew what it was. They thought they were crazy to join. They took below-market salaries in exchange for stock that, who knew?” It is a textbook case of long-duration equity compensation paying off at scale, and a reminder of how concentrated the upside of speculative tech bets can become.

The Public-Market Proxy For investors without access to SpaceX, Rocket Lab (NASDAQ:RKLB) remains the closest listed comparison in launch services. Shares trade at $104.64 with a market cap of nearly $69.7 billion, up 319.52% over the past year. Q1 FY26 brought record revenue of $200.35 million (+63.5% YoY) and a $2.2 billion backlog, with CEO Peter Beck calling it “another exceptional quarter”.

What To Watch Next The first thing to watch is whether SpaceX can hold above Frank’s $140 reference price once trading begins. Strong demand suggests a positive opening, but heavily oversubscribed IPOs can also be volatile as early investors take profits.

Beyond the debut, investors should pay attention to the growing ties between SpaceX and Tesla. Tesla has invested $2 billion in SpaceX and is partnering on a semiconductor fabrication facility at Gigafactory Texas. As the relationship between the two companies deepens, developments at SpaceX could become increasingly relevant for Tesla shareholders as well.

All eyes might be on the SpaceX IPO — the world's largest in history — and its CEO Elon Musk. But lest you forget there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX.

Also in Weekend Reads: A bitcoin-pricing model that looks way ahead, the bear market for gold and retirement-planning advice.

On "Forbes Talks," Forbes Executive Editor Luisa Kroll and Forbes Reporter Matt Durot discuss Elon Musk becoming the world's first trillionaire after the IPO of SpaceX.

The world's leading beverage company has increased its quarterly payout for 64 straight years. Thanks to its strong profits and stable demand, investors can depend on Coca-Cola's dividend.

In the latest close session, Coca-Cola (KO - Free Report) was up +2.26% at $81.34. The stock's performance was ahead of the S&P 500's daily loss of 0.26%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq decreased by 0.97%.

Shares of the world's largest beverage maker witnessed a gain of 1.12% over the previous month, beating the performance of the Consumer Staples sector with its loss of 1.08%, and the S&P 500's gain of 0.23%.

The upcoming earnings release of Coca-Cola will be of great interest to investors. The company's upcoming EPS is projected at $0.93, signifying a 6.90% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.05 billion, up 4.15% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.26 per share and a revenue of $49.33 billion, signifying shifts of +8.67% and +2.99%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Coca-Cola. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Coca-Cola currently has a Zacks Rank of #2 (Buy).

Looking at valuation, Coca-Cola is presently trading at a Forward P/E ratio of 24.4. This denotes a premium relative to the industry average Forward P/E of 16.94.

One should further note that KO currently holds a PEG ratio of 3.18. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Beverages - Soft drinks industry had an average PEG ratio of 1.88 as trading concluded yesterday.

The Beverages - Soft drinks industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Uber (UBER 1.01%) is likely to grow sales while hiring fewer individuals.

*Stock prices used were the afternoon prices of June 4, 2026. The video was published on June 6, 2026.

Parkev Tatevosian, CFA has positions in Uber Technologies. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

TORONTO, ON, June 09, 2026 (GLOBE NEWSWIRE) -- Canadian Council for Indigenous Business (CCIB) and Uber Canada today announce the launch of an enhanced Indigenous Procurement Marketplace to more effectively connect Certified Indigenous Businesses (CIBs) with corporations and organizations committed to Indigenous procurement. First introduced in 2018, the digital platform remains the only active two-way platform connecting Certified Indigenous Businesses with buyers in Canada.

Ride-sharing vehicles arrive at an Uber passenger pick-up area at Terminal 8 at John F. Kennedy International Airport, in New York, U.S., June 8, 2025. REUTERS/Bing Guan Purchase Licensing Rights, opens new tab

SummaryCompaniesUber says New York City law shields dangerous drivers and fraudstersLaw slated to take effect on July 28New York City reviewing Uber's complaintUber faces ​3,571 lawsuits over driver conductNEW YORK, June 10 (Reuters) - Uber Technologies (UBER.N), opens new tab sued New York City to ‌block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform.

In a complaint filed late on Tuesday night, Uber said the law against "wrongful deactivations" would improperly shield drivers who ​engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing "immediate and irreparable harm" by ​undermining the company's reputation and goodwill.

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It said the law violates its free-speech and due-process ⁠rights under the U.S. Constitution, as well as New York's state constitution. Uber is seeking a permanent ​injunction plus costs.

A spokesman for New York City's law department said on Wednesday it is reviewing the complaint, which ​Uber filed in Manhattan federal court.

Local Law 52, opens new tab of 2026 would generally prevent large ride-sharing companies such as Uber and Lyft (LYFT.O), opens new tab from dismissing drivers absent a "bona fide economic reason" or "just cause."

Dismissals would be permitted for account sharing, fraud, and "egregious misconduct" such as ​violence, sexual harassment or assault, and discrimination.

The law is slated to take effect on July 28, following ​a 46-5 City Council vote in January.

“This Council stands with workers and will continue to fight to ensure all app-based drivers ‌have ⁠basic due process protections," Speaker Julie Menin and Council Member Shekar Krishnan, the law's main sponsor, said in a joint statement.

UBER WARNS OF 'KANGAROO' PROCEEDINGSUber objected to being required to give 14 days' notice before deactivations, saying this gave drivers a window for "retaliation" against passengers, and having to potentially rehire drivers from as early as 2019 ​who did not receive such ​notice.

It said the law ⁠violates passengers' privacy by requiring they disclose reports of alleged abuse to accused drivers.

The San Francisco-based company also accused New York City of encouraging "kangaroo" proceedings requiring judges, ​arbitrators and Department of Consumer and Worker Protection officials to assume that deactivations ​are unjust, and ⁠shifting the burden to Uber to prove otherwise.

"We are suing New York City to block a reckless new law that seeks to strip our ability to immediately remove potentially dangerous drivers and fraudsters from our platform, creating an ⁠immediate threat ​to public safety," Uber said in a statement.

As of June 1, ​Uber faced 3,571 lawsuits, opens new tab in nationwide litigation in San Francisco federal court accusing drivers of sexual misconduct.

Lyft did not immediately respond to requests ​for comment on its legal plans.

Reporting by Jonathan Stempel in New York; Editing by Matthew Lewis and David Gregorio

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Uber Technologies (UBER) has transformed into a cash-generative platform, posting FY25 revenue of ~$52B, $5.6B operating income and $9.8B FCF. UBER trades at ~17x P/E and ~2.7x sales, with a DCF-based fair value of ~$83, indicating ~21% undervaluation - I rate the stock a Buy. Strong Q1 2026 results highlight 14% YoY revenue growth, robust non-GAAP EPS, and continued share buybacks, supporting further EPS appreciation.

Uber Technologies (UBER - Free Report) closed the most recent trading day at $69.49, moving +1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.75%. Elsewhere, the Dow gained 1.86%, while the tech-heavy Nasdaq added 2.54%.

Coming into today, shares of the ride-hailing company had lost 8.15% in the past month. In that same time, the Computer and Technology sector lost 3.11%, while the S&P 500 lost 1.63%.

Investors will be eagerly watching for the performance of Uber Technologies in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.84, marking a 33.33% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $14.16 billion, up 11.91% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $2.95 per share and a revenue of $57.72 billion, demonstrating changes of -44.34% and +10.97%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Uber Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. At present, Uber Technologies boasts a Zacks Rank of #3 (Hold).

With respect to valuation, Uber Technologies is currently being traded at a Forward P/E ratio of 23.28. This expresses a premium compared to the average Forward P/E of 15.6 of its industry.

It's also important to note that UBER currently trades at a PEG ratio of 5.83. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services industry had an average PEG ratio of 1.7 as trading concluded yesterday.

The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Uber Technologies Inc. (NYSE:UBER) stock fell more than 2% on Friday, underperforming a broader market rally. The Nasdaq gained 0.27%, and the S&P 500 added 0.39%.

CNBC's MacKenzie Sigalos reports on a company set to benefit from SpaceX's IPO.

Here is what investors need to know about the launch.

Alphabet stock is trading at elevated levels. Where are GOOGL shares going? Google Enhances Local Services Ads For Real Estate SearchZillow Stock Impacted by Alphabet's Earlier Pilot TestThose initial test listings prominently featured complete property detail pages alongside immediate options to contact agents or request a home tour.

Competitive Headwinds For Zillow, Redfin and Legacy PortalsCompetitor Price ActionHere is how the market is reacting to the news during Thursday afternoon trading:

Zillow Group: The stock price is currently trading at $32.14, reflecting a daily decline of 5.26%. Fox Corp: The stock is currently trading at $68.41, showing a modest daily gain of 0.60%. CoStar Group: The current price sits at $32.48, marking a notable decrease of 5.09% in response to the headwinds. Photo: Shutterstock

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Two of the most well-known investors are betting on the same three Magnificent Seven stocks. Here's a look at the stocks owned by both Cathie Wood and Bill Ackman.

Stocks in CommonAckman is the man behind the Pershing Square hedge fund, which lately has been investing in Magnificent Seven stocks.

Wood is the CEO of Ark Invest, the well-known ETF company that runs the six ETFs below.

Across the ETFs and Pershing Square Capital Management, several positions are held by both well-known investors.

In the first quarter, Ackman increased his Amazon holdings by 19%, while cutting his Alphabet holdings by 95%. Meta is a newer position and one of the biggest bets from the hedge fund leader in recent years.

Different Investing StylesAckman is a value and activist investor, known for taking large stakes in companies with dominant positions in their sectors and for pushing for changes to unlock shareholder value.

The hedge fund manager recently initiated a stake in Meta in the fourth quarter and a position in Microsoft in the first quarter, his latest Magnificent Seven bets.

The legendary investor also launched several tracking stocks to give investors better ways to capitalize on the gains from Pershing Square.

Pershing Square (NYSE:PS): Management company that receives fees and royalties on the investments and entities Pershing Square USA (NYSE:PSUS): Portfolio of best ideas, trading at an 18% discount to cash Ark Funds invests in disruptive technology and innovative companies that it believes will outperform in the longer run. This often leads to favoring high-growth, technology-related names. It typically focuses on businesses in sectors like fintech, cryptocurrency, electric vehicles, space exploration, genomics, AI and more.

Photo: ChrisStock82 / Shutterstock

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In a lawsuit, the tech giant accused the group of using Google's Gemini system to create hundreds of fake corporate and government websites.

When 13F filings for Q1 2026 hit in May, the smart-money positioning on Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) split clean down the middle.