Cava Group (CAVA) will break out to a new 52-week high this morning. The firm posted a 35.2% Y/Y increase in revenue, to $231.4 million. Earning 17 cents a share, cautious investors will look at CAVA stock as a bubble stock.
Cava continues to exceed expectations, so expect the stock to keep rising in the coming days.
Workday (WDAY) is another winner. The stock will open higher, breaking its downtrend that started in March. The firm posted revenue of $2.08 billion (+16.2% Y/Y). For the year, the firm expects to grow its subscription revenue by around 17% to up to $7.725 billion.
Investors need to exercise caution on WDAY stock. In the quarter, its total stock-based compensation rose to $370 million, up from $352 million last year.
In the drive-sharing market, watch Uber. The firm said on Thursday that it formed a multi-year strategic partnership with General Motors’ (GM) Cruise unit. It will bring autonomous vehicles to Uber’s platform. This may pressure Tesloa (TSLA) to partner with Lyft or Amazon (AMZN). A new platform would emerge called transportation as a service.
Watch out for the railway sector. After Canada’s rail shutdown started, the government ordered railroad firms into arbitration over the labor contract.
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