Is Now The Time To Buy Stock In Peloton, Uber, Apple Or Carnival?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest news and updates for Peloton, Uber, Apple and Carnival.

Peloton Interactive Inc PTON shares were trading lower Friday as growth stocks dipped for the session amid a rebound in yields. 

Additionally, the reopening process and recently approved COVID relief bill has driven a rotation out of "stay-at-home" plays and into cyclical names that would benefit from an economic rebound.

See also: Best Online Stock Brokers

Uber Technologies Inc UBER shares were trading higher Friday after Daiwa Capital analyst Jairam Nathan upgraded the stock from Outperform to Buy.

Apple Inc AAPL shares started moving upward midday on Friday, as one analyst said Apple could reach a market cap of $3 trillion, or $1 trillion more than its current market cap once Apple cars hit the road.

On Friday, Citigroup analyst Jim Suva estimated California-based Apple could increase its market cap by 50% in the years ahead, depending on how it rolls into the electric vehicle market. Read our full report here.

Carnival Corp CCL shares were trading higher Friday on travel optimism amid the COVID-19 vaccine rollout. EU nations are reportedly pushing to relax travel bans.

See also: How to Buy Stocks

Photo Credit: Public domain image via Wikimedia.