All three major indices bounced back Friday after Thursday losses.
Why You Should Care About Trade Desk
Most people don't pay much attention to this stock, but it had a nice day Friday.
Media marketing company Trade Desk Inc. (TTD - Get Report) was up 27% Friday following the release of the company's fourth-quarter earnings that handily beat analysts' estimates, wrote TheStreet's Tony Owusu.
The Ventura, Calif.-based company reported fourth-quarter earnings of $39 million, or $1.09 cents per share on an adjusted basis, on revenue of $161 million. Analysts were expecting the company to report earnings of 79 cents per share on revenue of $148 million.
Uhh, Robert Kraft
The New England Patriots may still be celebrating their Super Bowl win, but owner Robert Kraft doesn't have much reason to smile after a warrant for his arrest was issued for soliciting prostitution in Jupiter, Florida, wrote Owusu.
Kraft has denied the allegation through a spokesman saying, "We categorically deny that Mr. Kraft engaged in any illegal activity. Because it is a judicial matter, we will not be commenting further."
Uber and Lyft now have more competition.
If it's one thing traditional automakers have, it's fight, wrote TheStreet's Brett Kenwell. They don't plan to go down to rising technology, and if they do, they're going down swinging.
The latest plan?
German automakers Daimler (DDAIF) and BMW (BMWYY) are teaming up and committing $1.1 billion to creating various mobility solutions. The company's joint venture is aimed at providing charging, parking and ride-hailing services, along with car-sharing and multimodal transport solutions. There are tremendous changes hitting the auto market, and this Daimler-BMW partnership is the latest acknowledgement of such a change.