Diamonds and Dogs

1/9/23

Uber (UBER) starts the year with an upgrade. The share-riding stock is up 4% as an analyst at Piper expects a good year in 2023 as cash-strapped consumers could opt to share rides in lieu of replacing old cars. The analyst raised their price target to $33 from $31 a share.

Retail taking a hit. Macy's (M) is down 6% while Lululemon (LULU) is down 8% as both companies provided disappointing fourth quarter numbers and weak guidance to start 2023. 2023 may be a tough year for retail again.

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