Three stories to watch on Wednesday, August 3 include Ford's July sales numbers, analyst reactions to Uber's quarter and a possible move from CVS.
Full Transcript Below:
Uber reported a quarter that impressed Wall Street.
DA Davidson rated the stock a buy and said that the quarter shows the "most convincing evidence yet that the company" has competitive advantages in the marketplace and scale. Keybanc analysts praised the quarter as "better than feared."
CVS has said that it's eyeing primary care companies with the intent to either acquire or take a stake in one.
The move, which CVS discussed on its earnings call, would follow Amazon's acquisition of OneMedical.
Right now, the company has Aetna and Caremark, an insurer and a pharmacy benefits business.
And, finally, let's talk about Ford's July sales.
The company reported a 36% increase in last month's new vehicle sales, handily beating estimates that saw sales industry-wide decline.
The F-series pickups, in particular, soared and topped 60,000 units for the first time this year.
Stick with TheStreet for more.