Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

What to Watch During the Bank CEO Testimonies, Uber's Plan to Sell $10 Billion Worth of Shares and Levi's Earnings

Video Credit: The Street - Duration: 08:42s - Published < > Embed
What to Watch During the Bank CEO Testimonies, Uber's Plan to Sell $10 Billion Worth of Shares and Levi's Earnings

What to Watch During the Bank CEO Testimonies, Uber's Plan to Sell $10 Billion Worth of Shares and Levi's Earnings

Jim Cramer is out Wednesday, so Jeff Marks, senior portfolio analyst at Action Alerts Plus, stepped in.

Marks talked about the Bank CEO's taking to Capitol Hill, Uber's plan to sell $10 billion in stock and Levi's earnings.

Bank CEO's on Capitol Hill Big bank CEOs--including JPMorgan , Goldman Sachs , Citibank and Morgan Stanley --are heading to Capitol Hill Wednesday to discuss regulation in the financial sector post-financial crisis.

Uber's Plan to Sell $10 Billion in Stock Uber Technologies will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, Reuters reported, citing people familiar with the matter.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft's shares following its IPO late last month, the sources told Reuters.

Investment bankers previously told Uber it could be worth as much as $120 billion.

Uber most recently was valued at $76 billion in the private fundraising market, according to Reuters.

After its IPO registration with the Securities and Exchange Commission is publicly available Thursday, Uber will kick of its investor roadshow during the week of April 29, putting it on track to price its IPO and begin trading on the New York Stock Exchange in early May, the sources told Reuters.

Related.

Jim Cramer: What Dirty Lemon Tells Us About Market Tops and Millenials Levi's Earnings Levi Strauss , in its first earnings report as a public company, posted quarterly earnings of 37 cents a share on revenue of $1.44 billion.

A year earlier, the jeans company reported a loss of 5 cents a share on revenue $1.34 billion.

The period included a $136 million charge from the U.S. tax overhaul.

The stock rose 7% in premarket trading to $23.40.

Levi Strauss was a public company from 1971 until 1985, when it was taken private.

It went public again in March at an offering price of $17 a share and closed on Tuesday at $21.88.

"We delivered our sixth consecutive quarter of double-digit constant-currency revenue growth," said Chip Bergh, president and CEO.

"Growth was broad-based across all three regions and all channels, demonstrating that our strategies are working and our investments are paying off." The company reported gross margins of 54.6% in its fiscal first quarter while operating income rose 15% year over year to $201 million.

For the year, the company said it expects revenue growth in the mid-single digit percentage.

Related.

Charts of the Day: Anticipating Congressional Questions for Wall Street Watch Jim Cramer's Daily NYSE Show and Replays Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Elon Musk Made $2.3 Billion In 2018 [Video]Elon Musk Made $2.3 Billion In 2018

According a report on CEO compensation in 2018 from The New York Times, Tesla CEO Elon Musk was paid nearly $2.3 billion last year. This is more than the next 65 highest-paid CEOs combined. Tesla has..

Credit: Wochit Tech     Duration: 00:40Published

Tesla Snaps Losing Streak [Video]Tesla Snaps Losing Streak

On Thursday, Tesla shares snapped their longest losing streak in nine months. Nearly $7 billion in investor wealth was erased. During the past few months, Tesla CEO Elon Musk has shut down stores,..

Credit: Wochit News     Duration: 00:32Published

Daily Dividend Report: AMT, FLO, LII, TD, ROST [Video]Daily Dividend Report: AMT, FLO, LII, TD, ROST

American Tower today announced that its board of directors has declared its quarterly cash distribution of $0.92 per share on shares of the Company's common stock. The distribution is payable on July..

Credit: Market News Video     Duration: 01:26Published

FAANG Could Take a Bite Into Tesla -- ICYMI [Video]FAANG Could Take a Bite Into Tesla -- ICYMI

Apple , Amazon and Google are all top candidates to buy Tesla , should the electric car giant put itself on the block, a top tech mind told TheStreet. The idea that Tesla might be bought seems..

Credit: The Street     Duration: 03:23Published

Jim Cramer: What Target's CEO Got Right This Quarter [Video]Jim Cramer: What Target's CEO Got Right This Quarter

Real Money Stock of the Day Target came in with stronger-than-expected earnings, which helped to ease investor fears about the impact of tariffs on U.S. retailers after earnings from companies such as..

Credit: The Street     Duration: 00:54Published

Nordstrom's Tanks [Video]Nordstrom's Tanks

Nordstrom shares plunged late Tuesday. The drop in stock price came after the company reported dismal first-quarter earnings results. Earnings per share, revenue, same-store sales, and guidance all..

Credit: Wochit     Duration: 00:32Published

Jim Cramer Tackles the Tech Cold War With China, Qualcomm and Target [Video]Jim Cramer Tackles the Tech Cold War With China, Qualcomm and Target

It's hump day and it's a busy day in the markets... So, here's what you need to know. Should We Be Worried About a Tech Cold War? While we have a reprieve in the Huawei ban for the next 90 days, the..

Credit: The Street     Duration: 12:32Published

Lowe's Sinks On Plethora Of Issues [Video]Lowe's Sinks On Plethora Of Issues

Lowe's shares fell early Wednesday after the company reported first-quarter earnings. The North Carolina-based retailer cut its full-year adjusted earnings-per-share outlook. The first-quarter miss was..

Credit: Rumble     Duration: 00:39Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.