In This Article:
"Wealth" host Brad Smith breaks down some of Wednesday's trending stocks and stock market developments.
Uber (UBER) stock is declining after the ride-share company issued a disappointing bookings forecast for the first quarter. The company attributed potential challenges to currency fluctuations and winter weather conditions.
Shares of Mattel (MAT) are rising following a strong fourth quarter earnings report that beat expectations on both revenue and profit. The toymaker also provided an optimistic 2025 outlook, highlighting positive trends for Barbie and Hot Wheels product lines.
Meanwhile, Workday (WDAY) has announced a significant workforce reduction as part of its broader restructuring strategy, planning to eliminate 1,750 positions.
To watch more expert insights and analysis on the latest market action, check out more "Wealth" here.
This post was written by Angel Smith
