Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Uber Technologies, Inc. (NYSE:UBER) is Altimeter CEO Brad Gerstner‘s stock pick on the latest edition of CNBC's “Halftime Report Final Trades.”
Autonomous driving, Gerstner says, is a tailwind, not a headwind for the car service company.
A U.S. appeals court on Monday rejected a bid by Uber and its subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors.
Stephen Weiss of Short Hills Capital Partners picked Meta Platforms, Inc. (NASDAQ:META), saying he will go with the leader in AI right now.
The U.S. Supreme Court will reportedly consider spiking a multibillion-dollar lawsuit against Meta Platforms that accuses the Mark Zuckerberg-led company of duping investors on the data-harvesting scandal involving British political consultancy Cambridge Analytica.
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Joshua Brown of Ritholtz Wealth Management said he is staying with Apple Inc. (NASDAQ:AAPL).
Apple shares hit new all-time highs on Tuesday after the stock was upgraded by DA Davidson following a series of announcements out of the company's Worldwide Developers Conference 2024.
Shannon Saccocia of NB Private Wealth named iShares U.S. Utilities ETF (NYSE:IDU) as her final trade.
Price Action:
- Uber shares rose 1.4% to close at $69.59 during Tuesday's session.
- Meta shares rose 1% to close at $507.47 on Tuesday.
- Apple shares jumped 7.3% to settle at $207.15 during Tuesday's session.
- iShares U.S. Utilities ETF slipped 0.5% on Tuesday.
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