The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
The stock hit a new 52-week low Monday, down 6.3% with a market capitalization of $16 billion. The drop shaved more than $1 billion off of its market cap.
Lyft has ended more trading days in the negative than positive since its debut March 29. Analysts have worried that Uber's imminent entrance into the public market could further push down Lyft's stock. Uber is expected to seek a valuation of $90 billion to $100 billion and has a far more complex business than Lyft's which it is sure to tout on its roadshow.
"We believe there could be continued pressure on Lyft shares while investors wait for Uber's roadshow and dig further into the full financial metrics," analysts from Wedbush Securities wrote in a note Friday, giving Lyft a neutral rating with a 12-month price target of $80. "In our opinion, the battle for market share will be balanced going forward. We think there's plenty of work to do and time to go until investors start to feel like they are missing out on the 'next Amazon' although we believe Lyft remains in a strong position to capitalize on this fertile market opportunity. "
Still, analysts have struggled to compare the two companies, with many still unsure what to make of Uber's high expected IPO valuation while it continues to sustain significant losses. But even so, some continue to doubt the value of either company.
Valuation expert and New York University professor Aswath Damodaran said in an interview on CNBC's "Fast Money " last week that both Uber and Lyft rely on "free agent[s]" in both customers and drivers for their core businesses.
"There is absolutely no stickiness in the business, and they know it," Damodaran said. "That's the basic problem I have with the ride-sharing business not just Lyft."