UOMO Media Stock (OTC:UOMO), Trade Ideas

UOMO Media Inc is a multi-channel entertainment company. It is engaged in providing music publishing, digital music, production, talent management, and marketing services. The company has five operating divisions: UOMO Recorded Music, UOMO Talent Management, UOMO Publishing, UOMO Digital Solutions, and UOMO Film and Television. It earns revenue from production activities, recorded music, and music publishing.

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UOMO Media Inc

Serve Robotics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) said it is expanding its existing agreement with&nbsp;Magna International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>)<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38401431/serve-robotics-enters-production-agreement-with-magna-to-scale-robot-manufacturing" rel="noreferrer noopener">&nbsp;to boost the adoption of robotics in logistics</a>.
Under the new agreement, Magna will become the exclusive contract manufacturer of Serve&#8217;s delivery robots, effective April 24, aiding Serve&#8217;s aim to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets.
The previous partnership entailed Serve granting Magna a non-exclusive license to its technologies to develop new products in the robotics and logistics space. The financial terms&nbsp;were not disclosed.
&#8220;Following our successful public offering, we are excited to start working to scale our robotic fleet with Magna&#8217;s world-class manufacturing capabilities,&#8221; said CEO Ali Kashani.
&#8220;This collaboration supports the natural progression of our business beyond food delivery and positions our proprietary robotics technology as a platform upon which new robots can be built.&#8221;
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots to make delivery sustainable and economical.
Backed by&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;NVIDIA Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Serve became an independent company in 2021.
Serve has scalable multi-year contracts, including a signed agreement to deploy delivery robots on the Uber Eats platform.
Price Action: SERV shares are trading lower by 3.47% at $3.06 at the last check Wednesday.
Photo via Wikimedia Commons

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SERV

UBER

Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna

UBS Global Research has revised its outlook for the &quot;Big Six&quot; tech companies &mdash; Apple, Amazon, Google-parent Alphabet, Meta, Microsoft, and Nvidia &mdash; from &quot;Overweight&quot; to &quot;Neutral&quot; according to a recent statement by Jonathan Golub, the chief U.S. equity strategist at UBS Investment Bank, according to a source.
In his explanation, Golub said that the downgrade is not based on rich valuations or concerns about the sustainability and momentum of the AI technology. Instead, he pointed out tough comps compared to the pandemic period and cyclical pressures as the headwinds. Golub highlighted that the rapid earnings growth recorded by these tech giants over the past year is now ebbing.
<h3>Will Easy Comps Faced by Big Tech Go Away in 2025?</h3>
UBS indicated that the pandemic initially triggered increased demand for PCs, online shopping and gaming, thus helping those tech stocks&#39; earnings. A reduction in costs and easy comparisons boosted these companies&#39; profits, which peaked in the fourth quarter of 2023. But this jump will be followed by a decline in earnings as the economy gradually gains momentum.
Golub also mentioned that the current analysis does not overlook the influence of AI, cloud computing, or bitcoin mining on tech earnings. The research division of UBS predicts a decline in these companies&#39; EPS growth to 16% in the first quarter of 2025, down from 42% in the corresponding period of this year. UBS expects earnings to normalize going forward.
Let&#39;s discuss some examples:
Nvidia&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) expected sales growth is 17.94% for 2025 versus 74.07% for 2024. Its 2025 expected earnings growth is 13.88% versus 2024&#39;s expectation of 84.72%.
Meta&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) expected sales growth is 12.79% for 2025 versus 18.19% for 2024. Its 2025 expected earnings growth is 15.18% versus 2024&#39;s expectation of 35.71%.
Alphabet&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) expected sales growth is 11.07% for 2025 versus 13.18% for 2024. Its 2025 expected earnings growth is 14.58% versus 2024&#39;s expectation of 16.90%.
Amazon&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) expected sales growth is 11.59% for 2025 versus 11.61% for 2024. Its 2025 expected earnings growth is 30.36% versus 2024&#39;s expectation of 41.38%.
<h3>Time for Non-Cyclical ETFs?</h3>
According to UBS, EPS growth for non-tech companies is expected to surpass that of the Big Six over the next year, as these firms were less affected by the pandemic-induced boom.
The Federal Reserve is also likely to start cutting rates in late 2024 due to the likelihood of cooling inflation. The U.S. economy is showing signs of resilience.
This perspective has bolstered investor confidence, leading to increased investments in sectors like financials and industrials. These areas are deemed safe havens amid the likely Fed rate cuts. Other sectors like consumer staples, utilities and healthcare also appear to be safe bets.
<h3>ETFs in Focus</h3>
Against this backdrop, below we highlight a few safe sector ETFs like Health Care Select Sector SPDR ETF (ARCA:XLV), Industrial Select Sector SPDR ETF (ARCA:XLI), Financial Select Sector SPDR ETF (ARCA:XLF), Consumer Staples Select Sector SPDR ETF (ARCA:XLP) and iShares U.S. Utilities ETF (ARCA:IDU).
<a href="https://www.zacks.com/stock/news/2260842/beyond-big-six-why-choose-non-cyclical-sector-etfs?cid=CS-BENZ-FT-etf_news_and_commentary-2260842">To read this article on Zacks.com click here.</a>

Sector ETFs

Tech

ETFs

GOOG

iShares Trust Dow Jones US Utilities Sector Index Fund

Beyond "Big Six:" Why Choose Non-Cyclical Sector ETFs?

Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) has outperformed the market over the past 15 years by 4.16% on an annualized basis producing an average annual return of 16.55%. Currently, Expedia Group has a market capitalization of $18.45 billion. 
Buying $1000 In EXPE: If an investor had bought $1000 of EXPE stock 15 years ago, it would be worth $12,785.65 today based on a price of $135.40 for EXPE at the time of writing.
<h3>Expedia Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972759_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EXPE

Here's How Much $1000 Invested In Expedia Group 15 Years Ago Would Be Worth Today

Stephens &amp; Co. analyst John Campbell reiterates CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Overweight and maintains $105 price target.

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CSGP

Stephens & Co. Reiterates Overweight on CoStar Gr, Maintains $105 Price Target

In Boston, where parking is a sport, a sliver of asphalt can cost as much as $500,000 — more than a Ferrari or the $420,357 median sales price of a home in the United States.
Real estate agent Betsy Herald, who has sold three spots for around $500,000 each in the past year, said buyers who are purchasing pricey homes like that don't balk at spending $500,000 for a parking space — they're paying for convenience.
"You have to look at it as a piece of land," Herald told The Boston Globe. "If you look at that parking space and multiply it by 20, you have a developable piece of land in Boston, which is worth a significant amount of money."
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But it's places like Boston, where parking comes at a premium, that it's easiest to live without a car in the first place. And many cities are reforming their parking policies to eliminate mandates requiring parking spaces in new buildings.
Parking reforms are geared toward making housing more affordable, creating walkable neighborhoods and promoting greener, cleaner cities. It's a strategy that seems to be working in Minneapolis, which stopped requiring parking spaces in most new buildings in 2015 and eliminated parking requirements entirely a few years later, according to a <a href="https://e360.yale.edu/features/free-parking-reform">report</a> from the Yale School of the Environment.
"The reforms made housing more affordable and reduced dependence on cars," said Chris Meyer, a Minneapolis planning commissioner and legislative assistant to Minnesota state Sen. Omar Fateh. "They helped us move towards the goal of getting more people and fewer cars in the city, which is what we need to do."
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Parking minimums add tens of thousands of dollars to the cost of new housing units and limit low-rise multifamily and affordable housing development — a concern younger generations worried about high housing costs are voicing.
Without parking mandates, new types of housing like accessory dwelling units (ADUs) are being developed as parking mandates disappear. ADUs now account for 1 in 5 new housing units.&nbsp;&nbsp;
Strategies vary by geographic region. Earlier this year, Minnesota Sen. Omar Fateh announced a bill that would eliminate parking requirements statewide, and parking meter rates in San Francisco now fluctuate monthly according to how difficult it is to find a parking space.
With about three parking spaces per car nationwide, and more in some cities, poorly managed parking supply is a target for environmentalists, who say it's responsible for disappearing natural areas, heat island effects, stormwater flooding, light pollution and the use of large amounts of asphalt and concrete.
Read Next:
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<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>

Real Estate

Pricey Pavement: Parking Spaces Hit $500K Mark, Outstripping Home Values

Caitlin Clark, selected as the top pick by the Indiana Fever in the WNBA Draft, is on the verge of signing a major shoe deal ahead of her professional debut, further establishing her <a href="http://Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro">presence in women&#8217;s basketball.</a>
What Happened: Clark set many NCAA scoring records and <a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom">helped set new heights</a> for NCAA Women's Basketball while at Iowa.
The future WNBA player is now ready to break records with the largest shoe deal in women's basketball history.
Clark will sign a $28 million, eight-year deal with apparel and shoe company Nike, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a href="https://apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4">according </a>to the Associated Press, citing The Athletic. The deal will include a signature shoe line for Clark according to reports. 
The deal with Nike averages out to $3.5 million per season and comes as Clark's recent announced WNBA salary has become a <a href="https://www.benzinga.com/general/sports/24/04/38302993/caitlin-clark-will-make-76-000-a-year-at-the-wnba-journalist-asks-is-this-even-a-living-wage">big topic of pay disparity </a>between male and female athletes.
Dave Portnoy, president of Barstool Sports, took to X (formerly Twitter) to express his view that Clark&#8217;s pending deal significantly undervalues her worth. He suggested that a fair valuation would be at least $80 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If people want to complain about Caitlin Clark getting screwed complain about this. 8 year 28 million deal is STEALING. 8 years 80 million min is her worth and that&#39;s still prob too cheap. I hope she has an early opt out if they don&#39;t pay up when she blows through this deal. <a href="https://t.co/VNyPg7wPpS">https://t.co/VNyPg7wPpS</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1782886051448520962?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Clark will make $76,535 in her first WNBA season, with her next three season salaries listed as $78,066, $85,873 and $97,582 respectively. The salary for Clark pales in comparison to million dollar deals that male athletes get after being drafted.
The new Nike deal also means that Clark will earn 45.7x more from Nike in her first season than she will from her salary.
The women's basketball star has been with Nike since 2022 thanks to a name, image and likeness (NIL) deal while at Iowa. The deal expired after the 2023-2024 season and saw several apparel companies compete for her endorsement.
According to Shams Charania of The Athletic, Clark was <a href="https://twitter.com/BleacherReport/status/1781025492344431023">pursued </a>by Puma, Adidas and Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>). The pitch from Under Armour also included their star endorsee and NBA star Steph Curry sitting in on the meeting according to Charania. Under Armour is said to have offered more money per year, but less overall years on a proposed deal.
The deal with Nike will see Clark as only the fourth current WNBA player to have their own signature shoe, joining Breanna Stewart (PUMA), Sabrina Ionescu (Nike) and Elena Delle Donne (Nike).
With Clark generating strong interest, Nike could see a boost in sales through her endorsement deal.
Related Link: <a href="https://www.benzinga.com/news/24/04/38286820/caitlin-clarks-76k-wnba-salary-leaves-even-president-biden-befuddled-with-startling-gender-pay-gap-w">Caitlin Clark&#8217;s $76K WNBA Salary Leaves Even President Biden Befuddled With Startling Gender Pay Gap: What Gives?</a>
What's Next: Clark has yet to play a WNBA game, but is already having a large impact on the professional women's basketball league.
The Fever, along with their WNBA and media partners, are hoping to capitalize on the increased attention from Clark&#8217;s record-setting performance in the 2023-2024 NCAA Women&#8217;s Basketball Tournament.
The 2023-2024 NCAA Women's Basketball Championship game, aired on ABC which is owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), attracted an average of 18.9 million viewers. The viewership peaked at 24.1 million and surpassed the NCAA Men's Basketball Championship game, which had an average viewership of 14.8 million.
In 2023, only 22 of the Fever&#8217;s 40 games were broadcast nationally. However, thanks to the highly anticipated debut season of Clark, this number will significantly increase to 36 of their 40 games in the 2024 season.
Media partners of the WNBA could benefit with Clark&#8217;s debut season and the likely strong viewership that comes with it.
Disney will air eight games across ABC, ESPN and ESPN2, including the May 14 opening game. ESPN aired one Fever game last year. ABC didn't air any games.
Ion, owned by&nbsp;E.W. Scripps Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), will air eight Fever games for the 2024 WNBA season.
CBS, which is a unit of&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), will air three Fever games during the season.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;owned Prime Video will air four Fever games during the season.
NBA-owned streaming platform, NBA TV, will air the Fever 13 times during the season.
NKE Price Action: Nike shares trade at $94.00 versus a 52-week trading range of $88.66 to $128.68. Shares of Nike are down 26% over the last year.
Read Next: Related Link:&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/02/37186778/exclusive-caitlin-clark-taylor-swifts-impact-more-women-bet-on-sports-womens-basketball-dr" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Caitlin Clark, Taylor Swift's Impact — More Women Bet On Sports, Women's Basketball, DraftKings CEO Says</a>
Photo: Wikimedia

Sports

PARA

PARAA

Caitlin Clark Nears $28M Nike Endorsement: Sneaker Deal 45 Times Her WNBA Salary

JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $18 to $17.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $17

Kenvue's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) short percent of float has fallen 86.91% since its last report. The company recently reported that it has 34.60 million shares sold short, which is 1.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kenvue Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972625_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kenvue has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Kenvue's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kenvue's peer group average for short interest as a percentage of float is 6.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

KVUE

Looking Into Kenvue's Recent Short Interest

JP Morgan analyst Steven Alexopoulos maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Overweight and lowers the price target from $65 to $63.

JP Morgan Maintains Overweight on Webster Finl, Lowers Price Target to $63

Icahn Enterprises's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NYSE">IEP</a>) short percent of float has fallen 5.98% since its last report. The company recently reported that it has 5.72 million shares sold short, which is 9.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Icahn Enterprises Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Icahn Enterprises has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Icahn Enterprises's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Icahn Enterprises's peer group average for short interest as a percentage of float is 16.55%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Icahn Enterprises's Recent Short Interest

Atlassian's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NYSE">TEAM</a>) short percent of float has risen 23.68% since its last report. The company recently reported that it has 5.16 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Atlassian Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972614_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Atlassian has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Atlassian's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Atlassian's peer group average for short interest as a percentage of float is 4.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Atlassian's Recent Short Interest

Stephens &amp; Co. analyst Justin Long maintains Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Equal-Weight and raises the price target from $113 to $120.

Stephens & Co. Maintains Equal-Weight on Ryder System, Raises Price Target to $120