I am feeling volatile at this point in the week, so here is a dose of bluntness: Uber and Sears Holdings Corp. (SHLD) are just not in good shape.
For all the Uber fanboys out there saying the ride-hailing company deserves its insane valuation: Did you see the quarter the company reported? TheStreet sure did, and broke it down very nicely.
Uber continues to lose money, no matter if the trend is ever so slowly starting to improve vs. the prior year. Given the talent exodus at Uber and the likelihood it will need to raise more cash from somewhere, there remains serious concern on its longer term future. In many respects, it has much in common with Snap (SNAP - Get Report) -- time to prove the business model can make money, and lots of it.
Uber, for its part, told TheStreet its business is healthy.
Then there is Sears, a company that is dying from the inside out. The company's hack (see below) that it revealed at damn near midnight on Wednesday is one of many, many problems for the retailer. As TheStreet has reported, the company is quickly running out of cash. It's possible Sears investors have an even uglier June than most think, as the company struggles to find sources of cash to stay alive.
Have a great Thursday.
Read This Or Lose Out
Amazon is simply amazing: It's almost laughable how strong Amazon (AMZN - Get Report) is right now. The digital beast remains the most popular retailer in the U.S. according to new data reported by TheStreet. J.C Penney (JCP - Get Report) should be embarrassed by the findings.
Speaking of embarrassing: As the TheStreet reported when news broke just past midnight, Sears Holdings Corp. (SHLD) was the victim of a hack at its Kmart chain. This is the last thing the dying retailer needs -- it will likely further erode consumer confidence in both of the company's ailing brands.
Fascinating speech: The widow of late Apple (AAPL - Get Report) founder Steve Jobs gave a very insightful speech at Recode late Wednesday night, TheStreet reports. All in all, it sounded like a good first meeting between Laurene Powell Jobs and President Trump.
If you trade stocks: As always, an in-depth read by TheStreet's top markets columnist Stephen Guilfoyle. Of particular worry should be the rising amount of bad macro news coming from China. Further, with JP Morgan (JPM - Get Report) shocking bank stocks on Wednesday with comments on bad trading revenue in May, names such as Wells Fargo (WFC - Get Report) and Citigroup (C - Get Report) will be in focus today as they present at Sanford Bernstein.
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This article originally appeared at 08:15 ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.
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